What is TokensFarm

TokensFarm provides pre-built farms that developers can use for their projects in hours.

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Founded in mid-2021 by Decentralab, a company in the blockchain market since 2017, TokensFarm aims to accelerate the mass adoption of the technology. TokensFarm contributes to this mission by facilitating and making the complexities of blockchain accessible by creating and deploying yield farms. It includes a marketplace of various farms from other projects available for all to use.

The TokensFarm project has achieved many significant milestones within the first year since its launch:

- More than 100 farms

- More than 40 million USD in total locked-in value (TVL)

- 100,000 monthly active users

- Average of 3 farms per project

- A client return rate of 73%

- Average $1.1 million ATH TVL per farm

What does TokensFarm offer?

TokensFarm provides support for all EVM chains and DEX without the need for complex coding and integration. It is a cross-chain Farms-As-A-Service provider of deployable farms that can run in hours. Their simple interface offers projects to motivate users to be liquid while strengthening the stability of tokens. Additionally, it allows crypto-investors to earn returns from many tokens in one place, lowering the barrier to entry into the DeFi space.

There are a variety of products to choose from and more to come

Staking Farms - these farms allow projects to reward their users for holding tokens through a dynamic APY contract that is fully customizable. Before deploying a staking farm, the developers of a given project decide on its length, rewards, rate, design, and many other features.

LP Farms - these farms manage a liquid pool, which helps increase the liquidity of any token on any DEX by staking LP tokens with a dynamic APY. The TokensFarm team offers support for many indices for maximum exposure. They help with the actual launch of the LP farm, metrics analysis, and marketing.  

Vesting Contracts - These contracts allow developers to automate token distribution using smart contracts to pre-approved addresses specified in the whitepaper. In addition, users can select a specific chain and automatically claim it.

TokensFarm offers three different types of vesting contracts:

- Ongoing, i.e., contracts with continuous vesting that grant rights for a predetermined duration, block by block.

- AirDrop is a vesting contract that unlocks all tokens simultaneously and can be used on a clearly defined date.

- Custom vesting contracts are iterative contracts in which the team defines the number of batches and days between batches of tokens.

TokensFarm features

The service offers inclusion in their marketplace, a secure contract, interoperability between chains, user interface customization, and live human support.

Chain support

TokensFarm supports a variety of EVM-compatible blockchains such as Ethereum, BNB, Polygon, and many others. The complete list of supported tokens can be found here.

Cool-down and Warm-up

The cool-down feature indicates the time a user will have to wait, from when they request their backed tokens to when they receive those tokens.

The Warm-up function indicates the waiting time a user has to wait from when they staked their tokens to when they start earning APYs.

Dynamic APYs

TokensFarm uses dynamic APYs for both LP farms and Staking farms. The principle calculates and adjusts the APY according to the number of users and tokens staked or TVL. It means that the fewer users using a given farm, the higher the APY, and it works the other way around.

Security

There is a significant focus on security throughout the platform, which is why TokensFarm requested two independent audits from top security firms Certik and Zokyo.

Marketplace

All LP and Staking farms are listed on the TokensFarm marketplace on the main page and contain dozens of active farms. On average, these sites are visited by 90,000 visitors per month, who are usually very knowledgeable and interested in cryptocurrencies.

Support

The official TokensFarm site offers support from live staff that can be contacted via chat. If none of the team is available, it is possible to communicate with a bot that will solve most of the common problems that users may have. There are also many tutorials on how to use TokensFarm.

Transparency

Transparency is essential when working with blockchain technology, which is why the TokensFarm website provides full details of farms and vesting contracts. The farms have clearly stated type, duration, APY, contract address, minimum requirements, and statistics, making everything easy to analyze and check.

White Label

The company supplies blockchain projects with any API endpoint for farms. The available APIs include dynamic APYs, simultaneous TVLs, and many more. A list is available here. TokensFarm also offers assistance in creating and embedding custom endpoint APIs.

The $1 fee mechanism

Projects can integrate an additional $1 fee ($2 on Ethereum) on staking and LP farms. These fees are accumulated and split 50-50 between the project and TokensFarm.

Sources: tokensfarm.com, about.tokensfarm.com, docs.tokensfarm.com