Supreme Finance team has been focusing in the last few months on the launch of HYPE Yield Farm this month. Yield farming, also referred to as liquidity mining, is a way to generate rewards with cryptocurrency holdings. In simple terms, it means depositing & locking up cryptocurrencies and getting HYPE rewards. Yield Farming is typically done using ERC20 tokens on Ethereum platform, and the rewards are distributed with ERC20 Tokens.
Supreme Finance wanted to provide this opportunity to the users so that users can experience profitability, whilst being exposed to relatively low risk and stability. It is a give and take balance between the project and the users as we provide HYPE rewards in exchange for their participation in providing liquidity and circulation. The initial Yield Farming will begin at UNISWAP and SUSHISWAP. Boost rate on UNISWAP will provide an additional acceleration service of 15% to the payout rate.
Regarding UNISWAP and SUSHISWAP liquidity pools, the reward received from farming HYPE Tokens, proportinally decreases in line with increase in staking participation. This is not a satifying factor because for Supreme, we desire our liquidity to be constant and stable, where as the users that participate would also. To maintain and offset this affect, HYPE Yield Farm has been designed to boost the downfall to encourage users with more rewards.
As seen on the above chart, the Booster Reward is a mechanism to balance the loss effect of HYPE rewards from increase in user-participation. The Booster Reward begins with fairly low balance but eventually starts to elevate as staking reward starts to dramatically decrease. Of course, this boosting service is provided to ensure all possible attention and participation for users till the end of the campaign. The Booster service will operate in 3 stages, each lasting 90 days, 270 days in total for all 3 stages.
Details to the algorithm, dates, and services will be announced again officially to the upcoming launch date. To learn more, visit https://supremefinance.io, follow Supreme Finance on Twitter https://twitter.com/SupremeFinance2 or join our Telegram groupchat https://t.me/SUPREMEFINANCEENGLISH.