What is Farmly Finance?
Farmly Finance allows users to engage in leveraged yield farming on Uniswap V3. Lenders can generate safe and stable returns while borrowers can create high yielding positions by borrowing against collateral through Farmly Finance. Borrowers determine the liquidity price range for their positions.
What opportunities does Farmly Finance provide?
- Lending
- Leveraged Yield Farming
What is Lending?
Lending enables individuals to lend their assets and earn interest. Through this, borrowers can access funds that can be borrowed to engage in leveraged yield farming.
What is Yield Farming?
Yield farming is an innovative DeFi concept where users stake or lend their crypto assets to earn yields.
What is Leveraged Yield Farming?
Leveraged Yield Farming sounds complicated, but it's simple. If you invest a certain amount of money, you will receive a corresponding return. If you invest five times that amount, your return will be five times as much. Keep in mind that the level of risk you take on will increase in proportion to your investment. Additionally, you must pay interest on the funds you borrow from lenders. The great feature of the app is that you can trade with funds that are five times the amount you invest.
You are completely free to open a leveraged position on Uniswap via Farmly Finance. You can choose in which price range you want to open a position. You can choose how much you want to borrow from which asset.
Current status of Farmly Finance
Farmly Finance is currently under development but has made great progress. Farmly Finance is currently developed on Uniswap V3. Uniswap V4 was announced while we were developing, but the team is working on Uniswap V4 integration. We are also working on tools and features to improve the leveraged yield farming experience.
Farmly Finance History
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applied to the Uniswap-Arbitrum Grant Program (UAGP) 1 year ago which was rejected