Yield farming is basically a way to make more crypto with your crypto. It involves you lending your funds to others through the magic of computer programs called smart contracts. Yield farming is the wild west of Decentralized Finance (DeFi), where farmers compete to get a chance to farm the best crops.
The cryptocurrency industry is a rapidly developing realm with nearly countless possibilities. Having launched our Goon token and the farming DApp in July, we felt it’s time to take another step forward. A month since the start of our operations, and as part of our roadmap strategy, we plan to take the next step — launching the collaborator pools
The rocket fuel of Polygoon Finance
Collaborator pools is the fasters and most straightforward way for new projects to kickstart the liquidity of their coin without any upfront payment or cost. Liquidity providers for these projects will also automatically receive the farming token after providing their liquidity at the Farming Pool.
While creating the collaborator pools for Polygoon, we made sure that there will be a master contract creating and registering independent staking pool contracts, which will have the same capabilities as the current farms and pools, with a few additional ones. Moreover, each pool at Polygoon Finance will be customizable:
- Stackable token;
- Reward token;
- Total amount of reward tokens;
- Number of reward tokens per block;
- Total duration of the pool in blocks;
- Deposit fee;
- Provider address
The provider will be the external address authorized to deposit and launch the farm (this ensures that our partners do not have to pass tokens through our hands).
Standard rug pull methods are prevented as no backdoors are implemented in these Smart Contracts by the Polygoon team. All the pool contracts will be owned by the master contract, and we will own the master contract accordingly. Eventually, it will be time-locked.
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