Golff Fantastic Farm—-Liquidity Mining
1. Product Design **
Golff generates the initial governance token GOF through liquidity mining, and aims to attract a large number of users and funds to participate in this financial experiment. Compared to existing DeFi methods, generating initial tokens through liquidity mining is fairer and more transparent, which can help Golff to acquire initial users quickly. Follow-up products of Golff, will prioritize liquidity mining and behavioral mining as methods to incentivize its customers. Golff’s liquidity mining will be divided into multiple stages. While mining to obtain high profits, it will have a stronger sense of game experience and fun, and encourage users to participate more and more continuously. This pledge mining is more concise than staking. It is convenient, one-click withdrawal and high return.
The following is the incentive distribution plan for the first phase of Golff Farm (5 weeks, mining output 2 million GOF):
Round | GOF Output | GOF Output method |
---|---|---|
1st Round(1 week) | 500K Coins/week | 6 mining pools, evenly divide the mining output, pledge the tokens in the pool, you can mine GOF |
2nd Round(2 weeks) | 420K Coins/week | The top 2 pool in the first round of pledge market value in GXC pool+ will be promoted to the King Pool. In this round, only the pledged mining of tokens in 3 King Pools is open. The weekly incentive of each pool is increased from 83,333 GOF to 140,000 GOF |
80K Coins/week | Incentives provide liquidity to the GOF/ETH trading pair in Uniswap and the GOF/Dai trading pair in Balancer, each incentivizing 40,000 coins/week | |
3rd Round(2 weeks) | 420K Coins/week | The community voted to generate 6 pools, and the mining output is divided equally, and the tokens in the pool are pledged to mine GOF. Staking 10,000 GOFs can be eligible to nominate candidate mining currencies, and the top 6 currencies with votes are successfully selected as the Golff mining pool |
80K Coins /week | Incentives provide liquidity to the GOF/ETH trading pair in Uniswap and the GOF/Dai trading pair in Balancer, each incentivizing 40,000 coins/week |
The top 6 pools of the mine are: GXC, wETH, USDT, HT, YFII, LINK. Each of the 6 pools has a weekly mining output of 83,333 GOF, or 11,904 GOF per day.
The following are the product usage steps of Golff Vault. For more detailed product usage instructions including UI interface, please refer to “2.1 Farm Mining Operation Manual”
a. Enter the Farm section of Golff official website (www.golff.finance), connect to the wallet and authorize assets
b. Return to the Farm section of Golff’s official website to deposit the specified cryptocurrency assets
c. Golff Farm will calculate your GOF income based on the proportion of your assets in the current mining pool
d. Harvest and withdraw GOF
2. Golff Farm Advantages Community-based governance, fairness and justice
- Multiple rounds of gameplay iteration, more exciting, and revenue upgrades
Golff liquidity mining is divided into three rounds in the first stage. There is a competitive relationship among the 6 pools in the first round. The GXC pool and the pool ranked 2 in pledge market value can enter the next round and enjoy an incentive of 70%.
- Community-based governance, fair and trasparent
Starting from the second round, community users can use their GOF voting to determine the pools that can be used for liquidity mining. At the beginning of the third round, a new pool can be generated by voting by coin holders. This not only transfers the decision-making power of GOF’s output method to the community, but also increases the intrinsic value and rights of GOF. At the same time, this approach can attract more outstanding currency communities to pay attention to GOF.