vvNEWB.Farm — a multi-chain DeFi profitability optimizer with early storage features.
Contents:
NEWB.Farm — what is it?
NEWB.Farm - a yield aggregator, powered by Binance Smart Chain (BSC), a DeFi profitability optimizer with early storage features. The list of current NEWB.Farm features includes
- AMM Swap;
- Lending;
- Borrowing.
Moreover, there is a possibility of cross-chain profitability.
To strengthen the core of NewB.Farm, 10 project sponsors have also contributed $ 2.7 million in initial liquidity to NEWB.Farm's own token, NEWB, and this liquidity has been contracted into a 12-month time-locked contract.
Project risks
In the crypto space, especially in the DeFi space, users need to understand the risks of projects and smart contracts before getting started with DeFi. This is called DYOR. As part of NewB.Farm's long-term commitment to ensuring safety and building trust in the community, all ways are outlined. They reduce risk and provide a seamless NewB.Farm experience that users can trust.
| General risks of DeFi: | include a wide range of risks, such as intermittent loss or the risk of being caught by scammers. As well as wallet leakage, private key theft, etc. Hence, DeFi users need to be careful and to learn in this area continually. |
| Security and risks of smart contracts: | smart contracts - an innovative way for cryptocurrencies to interact with each other and with dApps. However, due to their complexity, some smart contracts can be hacked. To mitigate this risk, all smart contracts are equipped with 24-hour time locks and reputable auditors such as Arcadia Group and Knownsec. |
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Additional information
You can view an Audit of the smart contract. It is a process that scrutinizes a piece of code to identify bugs, vulnerabilities and risks. You can view it by following the link.
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You can find more details on gitbook.