Introduction of Smart Farming concept on AliumSwap DEX

The Alium.Finance development team is delighted to announce the Smart Farming concept, which is scheduled for launch in early August of 2021.

Smart Farming is a format of yield farming, which will take place in three stages on three blockchain protocols: Binance Smart Chain, Ethereum and Polygon. The main difference between stages is the amount of tokens generated per block and distributed among users who provided liquidity. The allocation of the tokens for each of the chains and for each of the stages of farming will also be different.

Farming pools with ALM will be created for different chains. The given pools will have a higher APR compared to other farming pools that do not include ALM as assets.

Binance Smart Chain

The total amount of 20 million ALM is available for farming.

  • Allocation for 1st stage is 10 million ALM. 30 ALM tokens will be distributed per block;
  • Allocation for 2nd stage is 7 million ALM. 10 ALM tokens will be distributed per block;
  • Allocation for 3rd stage is 3 million ALM. 3 ALM tokens will be distributed per block.

Following farming pools will be available for the Binance Smart Chain: CAKE/WBNB, WBNB/BUSD, USDT/BUSD, USDT/WBNB, ETH/WBNB, USDC/BUSD, ETH/BTCB, BTCB/BUSD, BTCB/WBNB, USDT/USDC.

Following farming pools with ALM tokens and increased APR will be launched: ALM/USDT, ALM/BNB, ALM/BUSD, ALM/CAKE.

Ethereum

The total amount of 10 million ALM is available for farming.

  • Allocation for 1st stage is 5 million ALM. 70 ALM tokens will be distributed per block;
  • Allocation for 2nd stage is 3 million ALM. 20 ALM tokens will be distributed per block;
  • Allocation for 3rd stage is 2 million ALM. 10 ALM tokens will be distributed per block.

Following farming pools will be available for the Ethereum protocol: USDC/ETH, USDC/USDT, WBTC/ETH, DAI/USDC, ETH/USDT, USDC/ETH, UNI/ETH, MKR/ETH, WBTC/USDC, DAI/USDT.

Following farming pools with ALM tokens and increased APR will be launched: ALM/USDT, ALM/ETH.

Polygon

The total amount of 10 million ALM is available for farming.

  • Allocation for 1st stage is 5 million ALM. 40 ALM tokens will be distributed per block;
  • Allocation for 2nd stage is 3 million ALM. 15 ALM tokens will be distributed per block;
  • Allocation for 3rd stage is 2 million ALM. 5 ALM tokens will be distributed per block.

Pairs for the Polygon protocol: USDC/WMATIC, USDC/WETH, WBTC/WETH, USDC/USDT, WMATIC/WETH, WETH/USDT, USDC/DAI, WETH/AAVE, LINK/WETH, WMATIC/USDC.

Following farming pools with ALM tokens and increased APR will be launched: ALM/USDT, ALM/WMATIC.

Strong Holders Pool

An additional feature that will be launched as part of the Smart Farming concept is the Strong Holders Pool, which is designed to retain the value of the tokens and add an element of gamification to the DEX. The Alium.Finance development team is confident that the introduction of the pool will help encourage users who hold their ALM.

According to the concept, 90% of the amount of ALM that users receive will be allocated to the pool. The longer users keep their assets in this pool, the more they will be able to earn. The mathematical model of the pool foresees that 10% of all tokens farmed by users will be immediately available for withdrawal, while 90% will be allocated to the Strong Holders Pool.

Users will have the opportunity to withdraw their assets from the pools instantly but at the expense of lower returns. The total amount that users will receive depends on the speed of withdrawal of the assets from the pool by other participants. The longer some users keep their assets, as compared to others, the more rewards they will receive. The development team plans to increase rewards to a maximum of x10 of the initial amount of assets that were invested in the pool. More information about the given mechanism will be provided in a separate article.

Closing Line

The Alium.Finance development team is focused on introducing innovative and profitable features to attract new users to the exchange and provide a broad range of functionality for ensuring that the platform becomes a highly competitive player on the DeFi market. The development team is also planning to conduct an extensive marketing campaign across numerous channels and reach a liquidity level of $100 million in the first 10 days after the launch of the project’s DEX.

DeFi and NFT Ecosystem with AliumSwap Decentralized AMM Exchange with multi-blockchain option and NFT’s #blockchain #NFT #DeFi #cryptocurrency

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DeFi and NFT Ecosystem with AliumSwap Decentralized AMM Exchange with multi-blockchain option and NFT’s #blockchain #NFT #DeFi #cryptocurrency

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