Farming
What is it?
Farming pools allow users to get a yield on their stable coin deposits. The smart contract automatically searches for the highest yields for the pooled stable coins and increases the total balance of the pool accordingly. When depositing in to the farming pools, users receive corresponding receipt tokens (afiUSDT, afiDAI, afiUSDC) which can be returned to the pool to withdraw farming profits minus any withdrawal fees*.
* The stable coins deposited into the farming pools are divided into “active” and “inactive” funds. When users withdraw deposits that are being used in strategies they will incur a withdrawal fee of 0.5%
In short, the farming pools search for a high return for users deposits and give a return denominated in the deposited stable coin. A USDC deposit will return interest in USDC.
Example:
A user deposits USDC in to the USDC farming pool and receives afiUSDC to their wallet.
The USDC pool chooses strategy of USDC dFORCE
By depositing stable coins in dFORCE the farming pool can earn DF token.
The strategy sells the obtained DF token on uniswap.
This action is carried out once per day and the profits are put back in to the farming pool.
When users deposit their afiUSDC back in to the pool they receive their original deposits plus the yield from the strategy.
When you make a deposit in Farming pools, the smart contract will manage your assets, look for a platform with a high annual return, operate according to the smart contract to earn interest on the deposited currency or tokens. For example, users who deposit USDC can earn USDC yield.
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