Article Summary, Automatically Generated By AI
Summary of Farmers Only
- Farmers Only is a farming and auto-compounding Vault dApp on Harmony’s ecosystem.
- Native token: $FOX
- Used for yield-farming in pools and future governance decisions.
- Introduced “burning vaults” to sustainably burn $FOX tokens.
- First dApp on Harmony to introduce Zapper function and upcoming de-Zapper function.
- Goal: Expand vaults to cross-chain.
Numbers and figures:
- None mentioned in the text.
Case studies, anecdotes, and examples:
- None mentioned in the text.
Vital takeaways,
About Farmers Only: Cultivating a Community of Like-Minded Individuals
Farmers Only is a pioneering farming and auto-compounding Vault decentralized application (dApp) designed to serve as the premier vault solution within Harmony’s ecosystem. Our native cryptocurrency, $FOX, plays a pivotal role in yield-farming within our carefully curated pool collection, ultimately destined to facilitate governance decisions regarding future collaborations and additions to our project. Notably, we are the inaugural dApp on Harmony to introduce “burning vaults,” a innovative mechanism wherein performance fees from our auto-compounding vaults are channeled into a separate vault, yielding a sustained burn on the $FOX token. Furthermore, we have pioneered the introduction of a Zapper function, with a forthcoming de-Zapper function, to provide seamless access and usability for our auto-compounding vaults. Our long-term vision is to expand the scope of our vaults by venturing into cross-chain integration.