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2021-11-19 07:53:30
GEMS DISCOVERY: SOLFARM

SolFarm (TULIP) is the first yield aggregation platform built on Solana with auto-compounding vault strategies. This allows stakers to benefit from higher APYs without requiring active management.

Why is this a gem?

✨ Backed by leading blockchain investors & trading firms: Solana Foundation. SolFarm is an important part of Solana Ecosystem with other projects: Raydium, Serum, Saber, …

✨ Not like other yield aggregation platforms, SolFarm has a special product called Leveraged Farming which brings up to 114,280% APY Yield Farms to users. By integration of other high incentive projects in Solana Ecosystem, SolFarm will attract more users and more cash flows in the future.

✨ SolFarm’s TVL (total value locked) increases 654% from $124M to $812M in 3 months.  The current TVL is at $617M.

 

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