Yield farming

Flack Exchange: Advanced Dynamics of Yield Farming

🌾 Yield Farming with spNFTs

Flack Exchange introduces a novel approach to yield farming, leveraging spNFTs to modernize and enhance traditional farming mechanisms.

🚀 Yield-Bearing NFTs: A New Farming Era

  • Innovation in Farming:

    • 🔄 Traditional Similarities: User experience parallels conventional DeFi farms.

    • 🎯 Targeted Incentives: Flack's Master contract allocates rewards to specified wrapped LPs’ staking positions.

  • Selective Yield Generation:

    • 🔍 Asset Specificity: Only selected assets receive Flack yield incentives.

    • 📜 Incentivized List: Users can access the list of incentivized positions (link to be added).

💰 Rewards Structure

  • Dual Rewards System:

    • 🌟 Dual Incentives: Eligible wrapped LPs earn both xFLACK and FLACK.

    • 📊 Reward Allocation: Varies by asset, typically 80% xFLACK and 20% FLACK.

🚀 Boosting Yield Returns

  1. Lock-Based Enhancement:

    • 🔐 Lock Multipliers: Increase yields through specified lock settings.

  2. YieldBooster Utilization:

    • ⚙️ Additional Multipliers: Further augment returns through the YieldBooster.

  • Multiplier Range:

    • 📈 Variable Boosts: From 0% to 150% (x1 to x2.5), defaulting at 100% (x2).

    • 🔝 Pool Caps: Each pool has a maximum boost, defaulting at 200% (x3), with an absolute cap of 250% (x3.5).

Last updated