HOW TO PARTICIPATE IN COPUPPY’S PUPPY FARM

giftujah (25)in #copuppy • 3 years ago

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#NFT #BSC #GameFi #Metaverse @BinanceChain @BscProjectOrg @gamestarter_co @news_of_bsc @SmartBSCNews @SmartBSCNews @PlayToEarnGames @YieldGuild

Yield farming may have been based on the Decentralized Finance (DeFi) cryptocurrency niche, but it has inspired a wide range of possibilities in the crypto market.

CoPuppy is taking a cue from that and has set the ball rolling with the introduction of Puppy Farm. Albeit, this would be the first-of-its-kind, as it does not only build upon the existing yield farming concept, but also opens doors of opportunities for the farming of puppy-centric tokens.

WHAT IS PUPPY FARM?

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Puppy Farm is CoPuppy’s idea of decentralizing how to invest in puppy projects in the crypto market.
The idea is to provide the dogs in the Metaverse with the sufficient liquidity that would be used to facilitate the different activities in the broader CoPuppy ecosystem.

HOW TO OBTAIN INCOME
Participating in the Puppy Farm or obtaining income can only be done by the users who must have deposited the CP-USDT PancakeSwap FLP, as well as other LPs.

This way, your deposit of the Liquidity Provision tokens qualifies you to take part in the puppy farming process.

THE LIQUIDITY POOLS
The Puppy Farm is all about providing sufficient liquidity for the puppies for the financial activities in the ecosystem.

For this reason, two liquidity pools have been set aside. These are the CP-LP Farm and the Gcoin LP Farm.

Each of these liquidity pools has different functions, as have been explained below:

1- THE CP-LP FARM
This is the liquidity pool where most of the activities and liquidity provision process are centered on the provision of liquidity mining on PancakeSwap via the staking of the CP-USDT.

All you have to do is to stake your CP-USDT on the PancakeSwap Decentralized Exchange, which is where the CP-LP Farm is hosted.

On a successful provision of liquidity via your stake, you will qualify to get the CoPuppy Tokens (CPs) as rewards.

Block Distribution
The CP-LP Farm has a defined block distribution process that accommodates both the interests of the Liquidity Providers (LPs), as well as that of the farm.

Ideally, the users can get up to 20% of each of the blocks. This would then be distributed to the farm for onward distribution to the users or the Liquidity Providers (LPs).

The output of each of the blocks is 15 CoPuppy Tokens (CPs). Going by the above distribution formula, it means that 20% (3 CPs) of the 15-block output will be sent to the CP-USDT liquidity pool.

From here, the users who hold the FLP will receive some of the distributed CoPuppy Tokens (CPs), based on the number of FLPs they held in the liquidity pool.

2- GCOIN LP FARM
This is the second liquidity pool you can interact with in the CoPuppy’s Puppy Farm. Here, you are to farm the Gcoin by pledging either your WaultSwap WLP Tokens or your PancakeSwap FLP Tokens.

Pledging or staking any of those tokens qualify you to get the Gcoin as a reward.

FINAL THOUGHTS
Engaging in the CoPuppy’s Puppy Farm is as simple as the other liquidity pools you may have interacted with.
The process is simple and the rewards are enormous.

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