YFBTC, the popular up and coming DeFi token, recently announced the launch of its income farming program that will allow Bitcoin hodlers to generate additional income. The program enables users who hold wBTC and renBTC who provide LP on UniSwap to generate additional agricultural income through YFBTC.net.
YFBTC is an alternative DeFi token to BTC that closely mimics the flagship cryptocurrency’s market dynamics, but offers additional benefits. The DeFi token uses the same halving protocol as Bitcoin and has limited availability. In contrast to BTC, however, the alternative DeFi token has 1000 times less supply and a robust deflation mechanism to ensure value growth through scarcity.
Through Yield Farming on YFBTC.net, users can earn YFBTC rewards for every new block. The creation has a total supply of 21,000 and will halve every 6 months for the next 4 years. This is to be distributed proportionally to all participants in the pool. The rewards for users are further enhanced by dynamic multipliers that decrease as participation increases. Currently, the YFBTC / ETH pair has the highest reward multiplier of 5.0x compared to BITTO / ETH, RenBTC / ETH, wBTC / ETH pairs and other stakes.
YFBTC is the founding of YFSwap, a project that works in collaboration with BITTO – a leading platform for blockchain solutions. With Bitcoin’s value hitting an all-time high, YFBTC offers an ideal option for Hodlers to maximize the return on their holdings. In the meantime, here are detailed instructions on how to join YFBTC Yield Farming.
The introduction of YFBTC agriculture closely follows the YFETH yield program launched late last year.
To learn more about YFBTC Yield Farming, visit – https://www.yfbtc.net/
