MoonFarm
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3. Why MoonFarm?
I. DEFI's Disadvantages
The DeFi process appears to be hard to understand from a user perspective. This represents a critical challenge in its path to mass adoption.
➔ Users need to own a wallet-Requires users to understand how on-chain transactions work and how to store their own keys
➔ Users choose a credible DEFI platform-Requires users to understand how on-chain transactions work and how to store their own keys
➔ Users add liquidity to receive liquidity provider’s tokens (known as “LP tokens”)– Double token assets are required with high gas fees
➔ Users deposit LP tokens in the farming pool—gas fee for each step, which means the return cannot cover the costing fee
Therefore, CEDEFI, and Moonfarm were created to address the aforementioned problems and provide customers with an effortless DeFi experience.
II. Moonfarm’s Advantages
A farming system that combines DeFi’s high-yield APR and CeFi’s ease of use;
Operates on multi chain rather than single network as most DeFi projects;
Long-term benefits to customers arising from very low gas fees.
Create a new yield farming customer base of those who are either new to DeFi or incumbent with no in-depth understanding of the process.
A better solution for capital utilization in crypto
Easier farming mechanism with any single deposited assets, and
Vision for mass adoption thanks to a low level of required knowledge and higher yield than traditional finance.
Last modified 2mo ago
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