The old version farms have been deactivated. New pools will go live in a few hours.
Yooshi DeFi Plus NFT
GameFi metaverse and NFT ecosystem, Yooshi, will soon launch an upgraded version of its farms. The upgrade, known as Yooshi Farm 2.0, is designed to optimize the earnings from pools of GameFi projects that Yooshi incubated.
The two GameFi projects incubated so far by Yooshi are StarMon and DNAxCAT. Yooshi Farm 2.0 will enable yield farmers in the pools of the two games to boost the mining rate of their LP tokens and thus increase their earnings. To activate the mining boost, users need to stake the respective project’s genesis NFT.
“#YOOSHI Farm 2.0 is coming! To better serve #Gamefi projects incubated by YooShi, YooShi Farms will have a fully new upgrade,” tweeted Yooshi on Dec. 15th.
A Peep Into Yooshi Farm 2.0
In another tweet, Yooshi indicated that the old pools ended their activity at 14:10 UTC on December 18th. According to the platform, Yooshi Farm 2.0 will go live at 08:00 UTC on December 19th. There is a hint, however, of a possible delay in the time of launch of the new farms.
Yooshi made this known in a follow-up tweet:
“#YooShifamily, Farm 2.0 is in the process of final testing,” Yooshi tweeted on December 18th … “The launch time may be delayed for a while. Please wait patiently,” the platform stated.
Farm 2.0 will have two LP farms: DXCT/BUSD and SMON/BUSD. Each staked StarMon and DNAxCAT genesis NFT has an associated mining power which is a function of the code controlling the farm’s rewards.
As we await the launch of Farm 2.0, see Yooshi’s Medium post for further details about how it works.
What is Yooshi?
Yooshi is one of the upcoming GameFi protocols seeking to carve a niche for itself in the PlayToEarn DeFi sector. Recently, Yooshi appointed the CEO of Samsung Games to head its GameFi incubator, Yooshi Labs.
The platform was once a microcap project of less than $50 million but has grown in value to over $400 million market capitalization as of the time of writing.
Where to find Yooshi:
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.
BSC NEWS is a private news network. All posts posted by this user belong 100% to bsc.news All rights are reserved to BSC NEWS for more information about BSC NEWS contact BSC NEWS HERE.
