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Frequently Asked Questions
Everything you need to know in a single page.
What purpose does yield-farming have?
Traditionally, a Centralized Exchange (CeFi) holds all funds that allow users to trade and swap cryptocurrencies. One of the most important aspects of cryptocurrencies, since the inception of Bitcoin, was decentralization. In order to make Decentralized Finance (DeFi) possible, users have to provide the Decentralized Exchanges (DEX) with liquidity. The tokens from liquidity pools are utilized in order to allow for decentralized token-swapping. To provide users with an incentive for this, yield-farming was invented, liquidity providers are rewarded with a 'house-token' for their liquidity providing.
Why Farmhub?
When the Binance Smart Chain (BSC) started to attract the attention of users and investors, it also attracted scammers. The blockchain contained many fraudulent projects, aimed only at enriching a single user, at the expense of all others. After witnessing the scams, frauds, and theft going on in the blockchain, we decided to try and make a difference; by providing users with a safe, trustworthy, and foolproof investing environment.
What makes Farmhub different from other yield-farms?
We believe that no yield farm has ever attempted anything similar to what Farmhub is trying to achieve. An ecosystem of multiple yield-farming tokens that are exchanged for rewards in a decentralized vault system, and then removed from circulation, is absolutely unprecedented and unique.
Are there risks to providing liquidity?
YES There are absolutely risks when it comes to providing liquidity, most notably, when providing liquidity in the form of LP Tokens (farms). The most important risk to be aware of is impermanent loss. We recommend investors who are not aware of impermanent loss to stick to Breeding Ground pools, as there is no risk of suffering impermanent loss when providing liquidity for a singular token. For a more in-depth explanation, check out this guide on impermanent loss. Another very common risk is getting rug-pulled, you won't have to worry about this on Farmhub, though!
Disclaimers
Cryptocurrencies are a high-risk investment, please exercise caution and invest at your own risk.
We do not recommend investing more than you can afford to lose!
Farmhub reserves the right to allocate fees & funds at will.
Last modified 4mo ago
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