The protocol aims to win back its glory days by applying for the MVB III program hosted by Binance Smart Chain.
Introducing HoneyFarm
HoneyFarm, a next-generation layered yield farming protocol, launched on July 30th, 2021, when founder Pagu released the launch and roadmap of HoneyFarm. The launch received substantial interest from the Decentralized Finance (DeFi) community.
Pagu Info, who is no stranger to the DeFi industry as the creator of several Binance Smart Chain (BSC) projects as well as an informative educator, cranked up the project’s growth alongside the team consisting of numerous experts in marketing, finance and development.
MVB III Program Participation and How It Will Benefit HoneyFarm
MVB III launched its third season on August 12th, 2021. In the initial month, MVB III examined participation from over 150 fresh startups and over 200 second-time applicants in DeFi, Non-Fungible Token (NFT), Game Finance (GameFi), Infrastructure, Tooling, and Security amongst which the best 17 were added to the waiting list based on strict selection for further considerations. The shortlisted projects will be provided with the opportunity to ensure allotment and incubation under the $100M fund set-up to grow projects building on BSC.
What the Selection Means For HoneyFarm
HoneyFarm participation in the MVB III is a big step towards growing the HoneyFarm Finance project into a more stable, reliable, and valuable crypto ecosystem. This also serves as a means of marketing the HoneyFarm project thereby attracting more investors and increasing the community influence. MVB III participants are also provided with a pool of opportunities as obtaining access to standardized technical support for building inventive products, industrial exposure to get the right connections and expertise of the crypto space, and the ability to secure funds for development and project incubation
In addition, this is expected to help HoneyFarm in order to showcase its strength in all aspects of innovativeness, creativity, authenticity and most importantly, reliability & trustworthiness. The latter is very important in the “Crypto-Universe”.
Robust Partnerships with MVB III Participants
In recent weeks, HoneyFarm has made successful strategic partnerships with the likes of CryptoZoon, BabySwap & AutoShark Finance. These projects have been key players in the fields of play-to-earn crypto gaming space, Automated Market Makers (AMMs), NFT Decentralized Exchange (DEX), and yield optimization respectively. They have entered these partnerships in a very short span of time.
As part of the strategy to build and develop HoneyFarm, the team made partnerships with CryptoZoon, BabySwap, and AutoShark project who turns out to be amongst the MVB III participants as well. This shows a great deal in the choice of partnership the HoneyFarm team has made so far, aligning with projects with similar goals and objectives in the long run.
HoneyFarm Teases New Farming Feature, NFT Jelly
HoneyFarm recently announced entering into the NFT market, which is growing at a lightning pace, with the introduction of features wherein users can stake their native tokens $HONEY, $BEAR, $MOON to earn exciting NFT’s in the form of NFT Jelly. There is a lot more exciting news coming up on this in the next few days, so stay tuned!
All the details including stake token, type of NFT, schedule, ways of selecting a winner and much more stuff revolving around it will be announced as they inch closer to each NFT Jelly, their team stated.
HoneyFarm is preparing many other activities regarding NFTs , one of them being NFT Auctions with Wizard Financial, and many more to be revealed soon via their official announcements.
Details on the new features can be found in their Medium blog post.
What is HoneyFarm?
HoneyFarm Finance is a layered delegated yield farming project on Binance Smart Chain with deflationary tokenomics. Layered farming gives investors more options to diversify their investment strategy through unique tokenomics. HoneyFarm currently has over $40M in total value locked in their platform at the time of writing this article on September 18, 2021.
Where to find HoneyFarm:
Source : bsc.news
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