Launching PolkaInsure Deflationary Farming

PolkaInsure launches the next phase in our roadmap: Deflationary Farming.

What is Deflationary Farming?

In simple terms, Deflationary Farming is Farming PIS to earn PIS even without minting any new PIS token.

In longer terms, Farming is a way of attracting liquidity addition from users. If you look at most of farming projects in the last few months (yeah lots of xxxSwap forks of sushiSwap), those farming projects usually provide high APY by providing high inflation in their token. High APY sounds attractive for farmers. That’s why those farming projects attract lots of liquidity put in the farms.

However, due to the high inflation of the tokens in those farms, those tokens quickly become pump and dump tokens, which are not good for DeFi if we want to get into mainstream and create real value from those farming projects.

Deflationary Farming basically does not mint/generate any new token, thus zero inflation.

Some will ask: where does rewards come from? there are mainly two sources:

What’s launched in the current Deflationary Farming of PolkaInsure:

When rewards from PolkaInsure protocol?

Is liquidity locked?

Liquidity token when farming will be locked for 2 weeks, then released gradually over the next four weeks. This locked period is shorter than in NERDz for more flexibility to users and for migration from Ethereum to Polkadot Ecosystem.

40% of Rewards from Deflationary Farming will be released immediately when users harvest or deposit into the farms. The remaining 60% will be locked for 14 days. Again, this locked period is shorter than in NERDz.

What are available Farms at Launch:

What is expected APY?

When can you withdraw PIS rewards from the farms:

PIS is designed to be self-sustainable and attracts investors from the being built insurance protocol.

Website: polkainsure.finance

Deflationary Farming: PolkaInsure Farming

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