“Farming is a feature available on our DEX that allows users to earn rewards for providing liquidity to a liquidity pool on our platform. Users can deposit two different cryptocurrencies into the pool and receive a new token that represents their share of the pool. They can then stake this token on a farming contract, which rewards them with additional tokens as an incentive for providing liquidity.
The rewards can be in the form of our project’s own token or another token that we wish to incentivize. The rewards are distributed to farmers proportionally to the amount of liquidity they provide to the pool. The longer users stake, the higher their rewards, incentivizing long-term holding of our project’s token or liquidity provision on our DEX.
Farming can be a way for our project to incentivize users to provide liquidity to our DEX, thereby increasing its liquidity and trading volume. It also provides a way for users to earn additional tokens by participating in the growth of our project. However, it’s important to note that farming can come with risks, such as impermanent loss and smart contract risk, so it’s important to do thorough research and understand the risks involved before participating in any farming activity.”
Staking allows users to earn rewards by holding their cryptocurrencies on UC Fianace Staking. Users can “lock up” their funds for a specific period of time in our staking platform for interest or additional tokens. The longer they stake, the higher their rewards. Staking can incentivize long-term holding of UCFinanace’s token, increasing its value.