Decentralized financial applications have empowered developers and players with a whole new world of possibilities. The traditional barriers to entry associated with financial applications now longer must exist, paving the way for esoteric and highly lucrative opportunities. This trend demonstrates itself clearly with the rapid rise of yield farming platforms, which allow players to stake their crypto assets in exchange for disproportionately high yields. In today’s global environment of record-low interest rates and high volatility, decentralized finance continues to grow in popularity.
While Ethereum dominates the smart contract application scene, many new layer one blockchains have entered the market. These new options boast relative pros and cons, all seeking to facilitate the largest value for the greatest number of players. Unfortunately, this trend has led to yield farming approaches that often entail unexpected risks to end players. Additionally, the highly lucrative investment environment entices some projects to ride the hype and get rich quickly while foregoing the best long-term interest of its players.
Beyond these risks, most yield farming platforms remain fundamentally tied to traditional financial culture. While making money serves as the end goal of these platforms, they have yet to integrate additional value propositions and value adds beyond maximizing the end players’ yield. Such configurations leave a significant amount of value on the table and make them less enticing for general players. If yield farming seeks to facilitate sustainable yield generation for the maximum number of people, then an optimal application should leverage the best developments across multiple industries.
Monster Farming rejects the get-rich-quick culture of current yield farming platforms. Instead, we presciently blend the most enticing elements of Gamefi and yield farming to produce a gamified platform that continually engages and rewards players while maximizing their assets’ yield. In such a way, Monster Farming serves as a highly accessible financialized, and gamified tool that makes earning yield genuinely enjoyable and engaging. The modular nature of such a configuration ensures that Monster Farming is the yield farming platform that will stand the test of time!