Yield Farming on the BucksCake Platform Introduction

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As businesses and industries grow in size and functions, there is a tendency for the introduction of novel technologies and features to enhance the delivery of services within such a sector. Similarly, as the blockchain and cryptocurrency industry is booming, we are witnessing innovative activities which tend to improve the offerings provided to users and investors; and one of such activities is Yield Farming. This is an activity that has become predominant among decentralized finance platforms in the industry. From 2020, after about 10 years since the inception of blockchain technology, yield farming is currently the keystone model for most DeFi platforms. This started with the Ethereum blockchain network when the network-based credit market compound began the circulation of its governance token to the base of users’ protocols. Such activity helped push the demand for the token into the forefront position among DeFi platforms, and this was supported by the structure of the automatic distribution.

It is believed among certain ranks in the crypto market that yield farming is the principal framework responsible for the growth and development of decentralized finance within the blockchain space. Yield farming, which is often referred to as Liquidity Mining, is a strategic system client can utilize to amass revenue from their invested assets. In the BucksCake platform, yield farming ensures that users obtain the rewards for offering liquidity in several liquidity pools available on the network. The platform also assures customers of withdrawing their funds from Uniswap without any additional fees, only fixed gas price at the point of withdrawal.

For the yield farming activity on the BucksCake network, the distribution structure depends on the number of active members participating in the pool. The allocation to each member reduces in the long term when more members join the pool. Every user receives a UNIv2 token, which is obtained after converting BKC tokens to ETH, whenever they invest liquidity to the pool. This is sent to the wallet address used to transfer the liquidity to the pool. With this token, clients obtain access to the active farming tool available on the BucksCake platform.

How to perform Yield Farming on BucksCake

The procedure of participating in this activity is simple and easy to understand. On Uniswap, Members are required to add the BKC/ETH currency pairing to the liquidity pool. Users that perform this become eligible to receive commissions for providing such liquidity from Uniswap, and the reward or incentive will be in the form of UNIv2 tokens. To obtain BETH2 tokens, the UNIv2 assets will be used by clients for the yield farming activity. For users to see the mined UNiv2 tokens, they will need to add the digital asset to Metamask and then follow basic steps. After the addition of the assets to Metamask, users need to visit the BKC farming decentralized application (DApp), link their digital wallet to the account, and then use the UNIv2 assets to receive the BETH2 tokens. Clients can subsequently decide to exchange the latter for ETH2 tokens during the launch and deployment of Ethereum 2.0.

USEFUL LINKS

Website: https://buckscake.com/

Telegram bot: https://t.me/buckscake_bot

Twitter: https://twitter.com/bucks_cake

Telegram Hub: https://t.me/BucksCakeHub

Telegram Chat: https://t.me/BucksCakePub

AUTHOR'S DETAILS

Bitcointalk Username : Cablestand

Bitcointalk profile link: https://bitcointalk.org/index.php?action=profile;u=2767546

ETH Address :0x6A627Cb21Ec985aFcA2808c9066c1302e30e81fe