The Valleys — a profitable farm on the Harmony blockchain, built on top of Defi Kingdoms, which means that the Liquidity Provider (LP) tokens that help to farm in the Valleys will be created in Defi Kingdoms.
Contents:
Description of The Valleys site
Valleys' goal - to stimulate cross-chain liquidity over the protocol by interconnected token pools, being Layer 2 to Rain Finance. This means that instead of taking liquidity and distributing it like other DEXs, it encourages people to create liquidity in Defi Kingdoms and use it in the Valleys to farm and "hunt" for the management token.
The crypto defi capabilities:
| 1. |
Deposit your favorite tokens and get rewards in $ AME. |
| 2. |
A lottery that burns $ AME. |
| 3. |
Growing stablecoins with double LP, creating high liquidity in the chain. |
| 4. |
Deposit $ AME and earn another affiliate token. |
Amethyst ($ AME) - the management and farming token of The Valleys. Farmers and Gem Hunters will earn AMEs when they deposit LP or tokens to The Valleys. Depositing your own Amethyst token requires no fees, while depositing non-native tokens has a 4% deposit fee (no withdrawal fees).
The valleys - the core of Amethyst's liquidity, as liquidity will be stimulated there, offering the largest distribution to members who deposit LP with Amethyst with no deposit fees. Non-amethyst pairs have both a lower distribution and deposit fees, which can be 4% or 5%.
The Valleys
Bridged pools will essentially be pools with no risk of intermittent loss, for example 1FTM <> bscFTM or 1ETH <> bscETH, all of which are a source of liquidity on the network, as opposed to conventional gem prospecting. Allowing investors to store their coins and earn high annual interest rates without exposing themselves to IL risk. They will have a deposit fee of 4% or 5%, depending on the pair. A lottery system has been launched, where participants will buy tickets for $ AME and the winners will get rewards with % of the lottery pool and the rest will be burned.
How is coin defi farming done?
Firstly, you need to create a Metamask account to start defi farming. Then, open Defi Kingdoms. Next, go to the Marketplace, to Druid and click + Liquidity. Add the pair you want to farm and approve the tokens, then click Supply. Finally, deposit your LP token, just created at The Valleys, and track your position at https://vfat.tools/harmony/ or the website. You can get more information through a dedicated introductory document. It provides general description, tokenomics and RoadMap.
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