KI @farmixton
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estimated_prodit =
full_value_currentp +
estimated_boosts_currentp -
debt_body_currentp -
debt_unterest_currentp -
collaterals_openp
☺️ Farmix Update
Friends, this week we've released several updates:
✅ We've updated the formula for calculating the Estimated Profit. The value is now calculated as:
estimated_profit =
full_value_currentp +
estimated_boosts_currentp -
debt_body_currentp -
debt_interest_currentp -
collaterals_openp
✅ We've also added a leaderboard
Now you can see where you stand based on the Farmix RP you've earned 👀
We also think it's time to discuss our upcoming plans, so on April 7th, we'll be holding an AMA on our TG channel at 19:00 UTC+3 (Russian speaking)
Submit your questions via the form (you also can also ask question in English, if you don't speak Russian).
Participants with the top 3 questions will receive 10 USDT each.
During the AMA, we'll also share current results and upcoming plans (and our plans are 🔥🔥🔥).
☺️ Update in Farmix
Friends, now when closing a position, the farmer can choose to convert the LP into a credit token.
This makes it more comfortable to open positions with high leverage. This is especially important for the future of stable-stable farming, where leverage can reach x8.
Currently, this update works with the TON/USDT pair and only for newly opened positions.
We are now 100% ready for the appearance of new highly liquid stablecoins in TON.
☺️ RP Boost for Lending in Farmix
Friends, we have increased the amount of RP earned for providing liquidity in farmix.tg by 3 times.
Provide liquidity in TON, USDT, NOT, stTON, tsTON assets and earn RP, which can later be exchanged for tokens of the unique margin farming protocol
Forwarded from STON.fi | Ru
💰 Earning $625 per month from farming – is it a lot or not?
Friends, we don’t have many farms yet (but that’s just a matter of time), so we’re sharing the best results so far!
🔥 As of today, the most profitable farm on Farmix earns $625 per month! This is a farm with the STORM/TON pair.
📌 Initial deposit: $10,239
📌 Annual return: 73%
Pretty impressive, right? ☺️
If you haven’t started your own profitable farm yet, now is the perfect time! Join us at farmix.tg ❤️
🚀 Notification Bots for Tracking Health Factor
Our community keeps moving forward and has launched notification bots for all of us! Now you have convenient tools to monitor the health factor of your positions in real time.
With these bots, you can:
✅ Track changes in your health factor
✅ Receive instant notifications when critical changes occur
✅ Be sure you won’t miss an important moment
Choose the bot you like the most:
🤖 @CryptoToolz_bot
🤖 @FarmixHealthBot
Get a handy assistant and stay in control! 🚀
☺️ Consensus Conference in Hong Kong, February 18-20
Our team is excited to head to Hong Kong to present the Farmix protocol at the Consensus conference, taking place from February 18 to 20. We’d love to meet every team at the following exciting side events:
- Hacker house
- DeFi Night
- Telegram Builders Day
And, of course, at the conference itself!
We’re looking forward to new connections and idea exchanges.
P.S. If your protocol needs margin leverage, we’ll be happy to provide it 😉
🚀 Open API Farmix
Hey, developers! 👩💻👨💻
Our open API is now available! Feel free to use it as you like. 🌟
P.S. We’ll build a notification bot later, but definitely not in the near future, so we won’t be competing with it anytime soon 😉
☺️ Why farming in Farmix is more effective
⏺ Reason #1: High APR
The APR in Farmix is 1.5-3 times higher compared to DEXs. The high yield is achieved through funds from lending.
⏺ Reason #2: Single asset providing
In Farmix, you can open a farm with just one token. The protocol automatically allocates tokens 50/50 to create an LP pair.
⏺ Reason #3: It's easier and faster
If you've used a DEX, you know that sometimes you need to make several clicks in the protocol and sign multiple transactions. With Farmix, you only sign two transactions: once to open the farm and once to close the farm 🙂
⏺ Reason #4: RP
farming
For using the Farmix protocol, we award RP points, which will later be exchanged for protocol tokens.
⏺ Reason #5: Low chance of liquidation
On February 3rd, when TON dropped from $4 to $3, there was one liquidation for $100 out of a total of $25,000 in open loans. The low chance of liquidation is achieved through careful settings of thresholds, health factors, and maximum leverage limits. Keep your HF high, and liquidation won’t threaten you 🙂
How to open a farm by shorting a token
In Farmix, you can earn income not only from liquidity provision on DEX and boosts, but also from price fluctuations (either a decrease or increase) of an asset.
Let’s explain how to short the NOT token using the example of the NOT/USDT position.
Let’s assume the farmer has 100 USDT and wants to short NOT.
Step 1: Go to the farm list and select NOT/USDT
Step 2: Choose NOT as the borrow asset
Step 3: Add 100 USDT in the USDT field
Step 4: Set the leverage to >2 and open the position
What’s the benefit for the farmer?
⏺ Since the loan is taken in NOT, when the price of NOT decreases, the value of the loan decreases as well (the farmer will need to return fewer $$$ in NOT when closing the position).
⏺ When closing the position, the farmer will receive rewards for providing liquidity in both NOT and USDT tokens.
P.S. If the farmer wants to earn rewards and go long on NOT, they need to open a NOT/USDT position with a loan in USDT.
☺️ Roadmap: Key Tasks
At this stage, Farmix users can already open high-yield farms or deposit tokens into lending.
The LYF protocol is operational and ready for use, but there are many more updates ahead that we will be implementing.
🗺 Farmix roadmap:
🟢 Infrastructure update (this might be the least noticeable update for you, but it's very important for the protocol's development)
🟢 Adding DeDust farms to the protocol
🟢 Listing tgBTC as a lending asset (ready now, waiting for the tgBTC launch from TON Teleport)
🟢 Delta-neutral farming strategies
🟢 Increasing the maximum leverage to x5, and up to x8 in stable-stable pairs
🟢 White label Farmix - a product and infrastructure allowing DeFi protocols to set up leveraged lending pools for their products
The latter will allow DeFi protocols to use leverage in their products, for example, it could help add leveraged trading to DEX platforms 🙈
It's fully built on smart contracts.
It might sound cliché, but stay tuned.
The full roadmap is available via the link.