TokensFarm – Your Platform to Launch a Crypto Farm

In this post, we will introduce TokensFarm and briefly discuss its functions and benefits. As its name suggests, TokensFarm is a platform to deploy crypto farms easily. Currently, we offer crypto projects two types of farms and a vesting contract, each with unique functions and goals. TokensFarm provides liquidity pool farms, LP farms, staking farms, and vesting contracts.

All of these farms are entirely customizable in both functionality and design. Regarding functionality, projects can set the duration of staking, LP farms, and vesting contracts. Projects can also choose the number of rewards to give to farmers. Depending on its type, they can also choose the specific chain or DEX for the farm. Regarding design, projects can use their brand’s colors and a custom banner that reflects their token.

These farms aim to engage their community and reward them for specific actions or functions. LP and staking farms reward their community for very different activities. Vesting contracts, on the other hand, distribute the share of tokens to early investors and the project’s development team.

LP & Staking Farms and Their Differences

LP and staking farms sound similar, and both are a big part of DeFi or decentralized finance. Both farms can give a blockchain project or token a significant boost in different areas and results.

Staking farms only require that participants hold the native token the farm operates on. The participants stake it on the farm for a time in exchange for rewards provided by the project.

The main benefit for projects is a reduced circulating supply of tokens for the time they have set. Additionally, according to our case study, projects that have launched staking farms have reported reduced sell pressure. The incentive for the DeFi farmer is more tokens of a project they believe in without the need to buy them using fiat or via selling other tokens.

LP farms require that the farmer holds a particular pair of tokens, usually the native token and a stablecoin. The farm is linked to a certain DEX selected by the project, and the farmers provide liquidity to that DEX. The farmer receives an LP token from the DEX representing their pool share. The farmer stakes the LP token on the LP farm for rewards provided by the project.  

The motivation for the project to launch an LP farm is to continuously increase liquidity on a specific DEX. Sometimes this is after the project ported a portion of their tokens cross-chain with a bridge and wants to add liquidity on the DEX associated with that chain. The most common use of an LP farm is to deploy it after a token generation event or TGE to assist with a token launch. Usually, after increasing liquidity, an increase in trading volume is also reported. The incentive for the farmer is once again getting tokens.

Dynamic APY

LP farms and staking farms on TokensFarm use a dynamic APY. The dynamic APY means that the returns for farmers or APY is more significant the fewer farmers there are, and vice versa. It is important to note that there is no limit on how many farmers can participate.

Typically the rewards are above 200% APY for farmers.

Vesting Contracts

There is quite a difference between the farms and vesting contracts. While DeFi farms reward their tokens community, vesting contracts administer rewards to the team behind the project. Projects can also use vesting contracts to distribute tokens to early investors.

One of the reasons why vesting contracts are essential is to avoid any mass sale of tokens, commonly called a dump. Other reasons include increasing transparency to build community trust and avoid errors. The vesting contract’s duration and token release method are customizable and up to the team. Tokens can be released simultaneously as an airdrop or slowly via linear or iterative contracts to whitelisted addresses. Vesting can also be done cross-chain with our multi-chain support. Other features such as early withdrawals before the end of the vesting period are also available.

TokensFarm will announce additional types of farms and functionalities soon.

TokensFarm & Other Crypto Farms

There are many reasons why both projects and farmers should prefer TokensFarm over other forms of DeFi farms. Security is always a concern for both, but no longer with TokensFarm. TokensFarm’s smart contracts have been independently audited by two auditors or more. You can feel free to read about our audits in our footer. We are proud to say that we have some of the highest security standards in the crypto industry.

In addition, TokensFarm is blockchain and DEX agnostic, meaning that we support multiple chains and DEXs. We don’t play favorites and support all the leading chains & DEXs. More chains and DEXs will be added shortly, and we will update our community regarding this.

Another benefit is the ease of use TokensFarm offers. There is no need to code, and it can go live within a few hours. Additionally, projects can easily link farms to their website to inform users.

TokensFarm’s Crypto Farming Marketplace

TokensFarm’s website receives over 90,000 views per month, and all farms are listed on our marketplace. In addition, every farm features a “get token” button which allows DeFi enthusiasts to purchase a specific token to farm it if they don’t hold it already.

Farms can help increase the number of unique wallets that hold a project’s token. In addition, it can boost a token or crypto project’s exposure to DeFi fans.

The marketplace features all active farms and even inactive farms. In total, over 95 farms have been hosted on the platform. Close to 30 farms are currently active with a total value locked of over $36M and over 100k transactions.

Many projects that have launched a farm were pleased with the results and have later launched additional farms.  

Seeing the benefits LP & staking farms offer to their community, farmers, and projects, it is easy to see why they are growing in popularity. They can be particularly influential during bear markets like the one we are currently experiencing. With farms, there are fewer reasons to sell tokens.

Projects should launch a crypto farm they’re proud of, and farmers should prepare for high yields.  

About TokensFarm

TokensFarm is the leading cross-chain Farm-As-A-Service provider offering deployable farms that can be live within minutes. An easy-to-use interface allows projects to incentivize liquidity and strengthen token and project stability. Farms also grant exposure to crypto projects with around 100k unique users monthly.

TokensFarm supports all EVM chains & DEXs and doesn’t require coding or integration.  

At the same time, it enables crypto investors to have a one-stop shop to earn a yield on tokens.