As one of the early builders of Solana, we have always believed that sustaining and bootstrapping liquidity is the ultimate key to unlocking the Solana ecosystem's hyper-growth.
Yield farming has surged in prominence, driven by an unquenchable want for DeFi passive investment alternatives. So far, the heat of yield farming has shown no signs of easing. Furthermore, project owners on Solana are presently creating incentives by utilizing liquidity mining systems, which splits liquidity providers because they must continually search for projects that use such programs.
To address this issue and embrace the opportunity, we introduce SarosFarm, a novel yield farming primitive that leverages the inherent benefits of Solana's base layer from the outset.
Let's meet SarosFarm!
Saros has introduced SaroFarm, an innovative platform for various incentivized pools, to allow all of our Solana users to experience incredibly high yields and assist projects in fast and steadily increasing their liquidity. Experience the new wave of farming rewards brought about by this launch!
In short, SarosFarm helps everyone to have entrance to the capital in the world of DeFi, bringing to the DeFi table on Solana a series of farming pools while simultaneously optimizing for risk-reward and security. Besides earning passive income through trading fees, the LP tokens obtained by providing liquidity on the Saros pools can be farmed on SarosFarm with attractive rewards.
Given the fast-paced nature of DeFi, while bringing earnings and liquidity support for projects, SarosFarm has a plethora of amazing features:
- Low cost: Being based on Solana affords Saros several advantages of low transaction fees enabling a wider and higher-touch design space for yield farming pools. The average transaction fee is less than a penny.
- Ultimate user experience: Users can enjoy the friendly and beautiful interface from the ground with the ultra-fast transaction with low latency, at scale.
- Composability: High performance, with the ability to process at scale, without losing security or decentralization.
- Bullet-proof security: At Saros, we take security seriously and endeavor to make our smart contracts as secure as possible. The smart contract has been audited by Inspex. Check the detailed report here.
If SarosSwap maximizes price discovery, drawing retail investors to Solana, SarosFarm (also SarosStake in the future) will entice and attract liquidity providers, resulting in a substantial inflow of money while expediting liquidity bootstrapping and encouraging new projects to be developed atop Solana.
As the DeFi ecosystem evolves at an astonishing rate, SarosFarm will constantly adapt and evolve to capture the best yields possible in the Solana ecosystem.
C98 - USDC Farming Pool
For this launch, we’ll also be kicking off our very first yield farming pool C98 - USDC.
This farming pool will award users who provide liquidity to the C98 - USDC Saros liquidity pool. Those who farm in the pool will harvest rewards in C98.
Total reward: 20,000 C98
Tentative duration: 2 weeks from June 14 - June 28, 2022
*The reward will start at block 137,520,150 and end at block 140,559,335. Users can check the detailed block at: https://explorer.solana.com/
C98 - USDC farming pool will go live at: https://saros.finance/farm
You can see the tutorial details and FAQs of farming on SarosFarm here.
Enjoy earnings while supporting the whole Solana ecosystem by adding liquidity to your favorite token pairs NOW!
Stay tuned for more as-of-yet unannounced farming pools!
SarosFarm Grand Opening | 5000 USDC Giveaways
To bring more joy to our dear Saros Farmers, we will host a 5,000 USDC farming giveaway on Jun 15th, 2022.
The event will last 10 happy-farming days from Jun 15, 2022 to Jun 25, 2022 with super simple social tasks & only 1 farming task as below:
- Follow Saros Twitter account
- Like + RT the announcement post + tag 3 friends + hashtag #SarosFarm
- Add Min. $10 C98/USDC LP token and farm on SarosFarm. Don’t know how to finish this task? Check out this tutorial.
- (Optional) Participants can invite friends to join the event through referral links
The attractive reward will be distributed into 3 reward pools as follow:
- 200 lucky farmers: 10 USDC each
- Top 50 fastest farmers who add and stake LP to SarosFarm: 20 USDC each
- 98th, 198th, 298th, 398th, 498th, 598th Farmers: 100 USDC each
- Top Gleam.io referrals:
- Top 1: 500 USDC
- Top 2: 200 USDC
- Top 3~5: 100 USDC each
Don’t worry, Jun 15th, 2022 will come soon.
We will have the official announcements for this camp so follow us here on Twitter to stay tuned.
Saros Finance is the ultimate DeFi platform native to Solana, with trading, staking, and yield farming services. Built by Coin98 Labs, Saros Finance aims to adopt millions of users to DeFi.