CryptoHeroes: A Unique Yield Farming – NFT Market Hybrid DeFi Model
2 min read
The world of DeFi has found a new interesting twist. Forget about all the boring numbers and APYs which typically accommodate a typical yield farming project.
One can now find a level of enjoyment while earning yield at the same time through CryptoHeroes.Market.CryptoHeroes is a unique DeFi model with a fun, superhero-based design; unique in a way that it combines two key features: Yield farming and the NFT market.
It is the first of its kind to allow users to access pools with extra high APY via NFT in the form of “Hero Cards” or with their own tokens. There is a pool designated for users to connect their ETH to CryptoHeroes’s tokens and generate LP tokens in return. Any investors will automatically be eligible to earn passive income. Users can pick their favorite one from a variety of hero cards and CryptoHeroes will directly add their tokens for them.
The process can be as simple as just buying a one-time “Hero Pass” of their favorite character, which gives them a collection of special NFT Hero Cards.
All profits earned from the sales of Hero Passes and Hero Cards will be used to refill the profit pool for each of the collectors, in accordance to the Hero Pass value.
Users are given the liberty to rely on their own investment strategy and choose the income they would like to receive.
For those who want to earn big, CryptoHeroes have prepared a fifth, super profitable pool with APY that is 2 to 3 times higher than the standard, as well as a limited number of rare Hero Cards with unique designs. The rare cards will be pricier than the standard cards, however the profitability will be significantly higher.
In an effort to speed up the price growth of the unique NFTs, one wBTC will be hidden in one of the normal Hero Cards and any of the random participants might be lucky enough to get them. CryptoHeroes is mainly designed for investors that find joy in purchasing rare and unique collectibles.
Despite the primary focus on avid collectors, long-term holders may also find the project attractive as it gives them the opportunity to earn passive income by staking the most popular DeFi tokens on the market.
The smart contract codes governing the CryptoHeroes.Market DeFi was security audited by PeckShield, an industry leading blockchain security company.
[ Read more: Umbria and Polygon Collaborates to Release a DeFi Platform ]
[ Read more: DeFi Powers On Setting Stage for Broad DeFi Rally ]
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