Place/Date: - September 21st, 2021 at 7:57 pm UTC · 4 min read
Contact: Adam, CEO, Source: NewB.Farm
The world of decentralized finance is ever-evolving with the massive potential it brings to millions of users. DeFi in its abbreviated form, enables the deployment of traditional finance products like lending, staking & borrowing using smart contracts that are permissionless and trustless.
Thousands of crypto enthusiasts have taken advantage of these opportunities to multiply their capital and earn substantial profits. However, the DeFi sector, particularly Yield Farming, is still in its early stages, and most DeFi platforms today come across as complicated for people who aren’t crypto-savvy or as NewB likes to call them, “newbies”.
This means that thousands of potential yield farmers are excluded from these earning opportunities solely because of technical complexity. As a result, a new breed of next-generation DeFi platforms is springing up that seeks to bridge the gap and NewB.Farm is leading this trend. Let’s deep-dive into this fast-growing, community-driven Yield Farm and explore its unique value proposition.
NewB.Farm is an innovative yield farming protocol that is built on the Binance Smart Chain (BSC). Binance Smart Chain is one of the fastest and highly scalable blockchains with low transaction fees making it an ideal platform for NewB.Farm.
It offers an intuitive, user-friendly platform that makes it easy for anyone without technical knowledge to participate in DeFi. In addition, the yield farming protocol is designed so that users can explore yield farming opportunities in a fair, secure and transparent environment.
The platform uses yield optimizers and other mechanisms to ensure that users get the very best yields for their capital. Unlike traditional finance platforms like Banks that offer 3% annually for fixed deposits, NewB offers 71% annual returns on yields. This means that you get more value for staking their assets on NewB than on other platforms.
Staking assets on NewB.Farm is pretty easy, and all that is required is to visit the farming platform, connect a wallet and stake on supported pools. The platform has cutting-edge security and hasn’t suffered any hack attacks since launching, just five months ago in May 2021.
Furthermore, NewB’s smart contracts have been audited & verified by two renowned auditing firms – Noneage and Knownsec. The platform also has a safety assessment score of 95 on DeFibox, which is even higher than PancakeSwap and Mdex respectively.
NewB.Farm has experienced rapid growth since its launch in May 2021 and has more than 15 communities located across the world. Yield farmers have also adopted the platform with more than $20 million locked in its staking pools boasting more than 23,000 token holders.
The platform has expanded organically to 8 more countries, including the United States, Russia, China, Hong Kong, Singapore, Japan, South Korea, Hong Kong, Indonesia, Vietnam, Spain, Malaysia.
This massive growth of its ecosystem has in turn surplused the value of its native token NewB, which has experienced an exponential rise. The utility token has increased from $90 at launch to a record high of $300, representing a growth factor of 233% within four months. These metrics are impressive given that NewB is less than six months in operation.
As a brand, NewB consistently unveils strategic partnerships with other DeFi platforms, including Apeswap, Coinhub and PancakeSwap. The token is also listed in Coinmarketcap, Coingecko, Dappradar and Coinsniper. These collaborations showcase the sort of traction that NewB is gaining within the DeFi sector amongst both crypto & non-crypto users.
NewB.Farm has also launched an affiliate campaign called Share N’ Thrive that incentivizes community members that actively promote the yield farming platform.
NewB.Farm continues to carve out an evolution within yield farming via its unique yet simple offerings backed by a forward-thinking team led by the elusive NewB farming Godfather, Miguel. The team has already stated its aim to build more products to ensure that the price of NewB token hits $1000 before the end of January 2022.
One of the most exciting developments is a NewB NFT marketplace where NFT lovers can mint, list and auction NFTs. The asset collections being launched are primed to be crowd-favorites given a variety of reasons that can’t be disclosed just yet. In parallel, the platform continues to introduce new vaults & staking pools for liquidity providers to maximize their capital. There are also plans to have NewB token on more exchanges, thereby expanding its ecosystem even more globally.