Borrowers can multiply farming yield by increasing leverage.
The tokenomics plan allocates 50% of the supply to farming rewards over 4 years.
The protocol will distribute YAMP tokens to borrowers based on the size of their loans.
The ability to farm tokens by borrowing will attract early borrowers and increase the interest rates they are willing to pay to lenders.
The higher the leverage, the more yield you can farm. This can quickly increase demand for loans.
This is designed to create a day 1 feedback loop that provides stronger incentives to lenders, generates revenue, and increases the value of the YAMP token.
Last modified 1yr ago