Yield farmimg is the demonstration of stamping or advancing crypto assets to create uncommon yields or grants as extra computerized cash. This creative yet dangerous and erratic utilization of decentralized finance(DeFi) has take off in pervasiveness actually because of extra progressions like liquidity mining. Yield farming is at present the best advancement driver of the still-early DeFi region.
To lay it out simply, yield farming shows help liquidity providers (LP) to stake or get their crypto assets in a canny agreement based liquidity pool. These inspirations can be a degree of trade charges, premium from banks or an organization token. These benefits are imparted as a yearly rate yield (APY). As more monetary patrons add resources for the associated liquidity pool, the value of the gave returns decrease suitably.
Features
- Automatic Liquidity: Each transfer of KAPE must pay a 5% transfer tax. The 4% transfer tax gets added to the liquidity pool through the contract automatically to raise the price floor continuously. And the liquidity will be locked and inaccessible. With time this auto liquidity feature will be used to generate liquidity for other major pairs too, not just for KAPE. For now the contract is set to generate automatic liquidity for only the KAPE-KCS Liquidity Pool.
- Automated Burning: As we have mentioned above, each transfer of KAPE must pay a 5% transfer tax. The 4% transfer tax will be allocated to Automatic liquidity acquisition. And the rest 1% transfer tax will be burned immediately. The whole process is automatic.
- Anti Whale: Transfer more than 0.5% of the total supply will be rejected. As the total supply grows, this ratio will be adjusted to match the circulating supply.
- Low fees: Why pay more? KapeSwap runs on KuCoin Community Chain, a blockchain with much lower transaction costs than Ethereum, Bitcoin or even BSC. Our Smart Contracts are well optimized to ensure that trading fees are lower than other decentralized exchanges too, so that’s a double win for you!
Decentralized. - Trade directly from your wallet app: Unlike centralized exchanges like KuCoin or Binance, KapeSwap doesn’t hold your funds when you trade: you have 100% ownership of your own crypto.
What is Yield Farming?
When people say they are yield “farming,” they just mean that they’re giving something to a platform (usually by staking their assets) that justifies paying out an annualized percentage yield (APY). Often, this effort entails adding liquidity to a network, and then staking liquidity provider tokens, or adding liquidity to a market for borrowing and lending. Projects incentivize this behavior when it enables them to function more efficiently. In KapeSwap’s case, adding liquidity to any branch of the platform allows the platform as a whole to be more efficient, and every type of market will be available on KapeSwap.
KapeSwap Token
Basic Information
- Token Name: KapeToken
- Token Symbol: KAPE
- Contract Address: 0xf5aa1d86e125afad0dedbeaf912998961fe35066
- Chain: KuCoin Community Chain (KRC20)
- Max Supply: Uncapped
Transfer Tax
- Burn Rate: 1% of transfer tax will be burned immediately
- Automatic Liquidity Rate: 4% of transfer tax will be added to the LP pool and locked.
- Total Transfer Tax Rate: 5% of every transfer
Emission Rate
- 10 KAPE / block
- 288,000 KAPE / day
- 9.09% to the dev team to ensure essential growth of the project
This is what I can say in this article. If you need accurate and reliable information, you can visit their official link, which I have provided below:
Website : https://kapeswap.finance/
Medium : https://kapeswap.medium.com/
Twitter : https://twitter.com/kapeswap
Telegram : https://t.me/KapeSwap
GitHub : https://github.com/kapeswap
AUTHOR :
Bitcointalk Username: Ainulyaqin
BitcoinTalk Profile URL: https://bitcointalk.org/index.php?action=profile;u=2787764
Telegram Username: @Ainulyaqin472
KCC Wallet adress : 0x1B7BE3cdd815FAf96a141D1FCABfFFc66D8cE36a
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