What is Deflationary Farming | How Deflationary Yield Farming Works
Yield farming has an inherently bad characteristic. You are putting down capital to earn something that you and all the others like you intend to sell. This means there is likely to be higher demand in the short run and sell-offs as time progresses. This destroys the value of the underlying token, do to inflating the supply.
There is a solution to this madness! and its called Deflationary Farming. For deflationary farming, there must be 1. a fee charged on token transfers, and 2. users can earn fees when they farm. This allows those who farm to do so without infinite inflation.
By having a fixed supply that cannot be added to and having unstakeable farms, yield farms cVault.Finance has created the first deflationary yield farming farms in the defi space.
The rewards given to farmers in cVault.Finance are paid out in Core tokens. The core tokens used for rewards are made available by cVault Finance ferm buying them from Uniswap and given to the farmers.
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Welcome to this video posted by King of Fomo, in this video you will learn about cVault.finance and how you can earn Core Token by yield farming.
What is Core Finance?
Basically, it is a farming token, with a few twists. Most farming platforms are a copy and paste with minor changes of an existing platform such as Uniswap. Core Finance which is already over 10 million in total liquidity is still considered a low cap coin. The total supply of Core Token is just 10,000.
When you are farming Core Tokens you cannot remove your staked coins. This is unique as most other farms being yielded are ones where you can unstake your liquidity (Core-ETH pair for example).
CoreVault is the first high yield farmable deflationary DeFi token. With most liquidity farming pools the farmers are farming, they have to mint constantly new coins to generate returns. This causes the coin to become less valuable and they have too much sell pressure to keep the value from dropping.
The solution by Core Finance is called deflationary farming, it requires to very simple steps:
Charge fees on transferring tokens
Users can earn fees through farming
From this; token holders are able to farm without infinite inflation.
This will bring you to Uniswap where you can swap to receive Core tokens.
Step 2
Once you have your Core tokens you will need to create the liquidity pair with Eth coins and 'supply' them to the pool.
Playing Minesweeper on cVault.finance
You may notice that the cVault finance website looks like an early version of windows operating system. You can click the start button in the bottom left and a menu will pop up with the option to play Minesweeper - the unforgiving classic desktop game that ends when you click a mine.
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Disclaimer: Statements on this page do not represent the views or policies of anyone other than the person who says or writes them. The information presented to you on this site is made available for discussion purposes only, and is not cryptocurrency investing or any other type of investing recommendations or advice. Under no circumstances does the information on this page or site represent a recommendation to buy or sell cryptocurrencies and crypto securities. All product and company names are trademarks™ or registered® trademarks of their respective holders. The use of them does not imply any affiliation with or endorsement by them. By using this site you agree to our website terms and privacy policy found at watchcrypto.media/terms-privacy. This page may contain sponsored content, affiliate links, and/or other forms of paid promotions, as do all pages on WatchCrypto.Media, If you would like to view more details on the sponsored nature of any given page please contact us.
