Multi Farming powered by Kapex Protocol

Kapex
2 min readDec 10, 2020

We’re bringing Double Farming back and making it even easier.

All DeFi projects strive to create the perfect product but they all are very similar to each other. How many Uniswap or Curve clones already exist? Why do you need to make 100 coins that have the same meaning… There are 99% of DeFi projects with such tabs: Staking, Farming, Loans etc. Boredom!

We have developed a completely innovative farming model and called it Multi Farming. What is it? Let’s figure it out.

When faced with staking and farming in the DeFi space, your options are always limited. This is beneficial for today’s platforms. On the one hand, beginners do not yet know what is what there and experienced users are just already used to staking one coin. We have developed a Multi Farming system that will allow you to stake a coin on the Kapex platform, receive a reward with a higher percentage than your competitors, and also be able to stake tokens that you have not yet received. Very confusing, I know. Let’s go straight for an example:

You have decided that you would like to stake 1000 USDt and receive 20 KPX as a monthly reward. Great choice, good percentage. As soon as you have staked 1000 USDt, you have the opportunity to stake 20 KPX that you do not yet own and already receive a reward in one of the 5 main coins: DAI, USDt, USDC, ETH, UNI.

How it works?

By staking USDt, the system blocks the given number of tokens on the smart contract. Our AI system calculates your estimated APY and exposes the estimated amount of KPX remuneration. This amount will be displayed in your system and will change every 15 days. You can stake instantly and receive interest already in the stable coin.

Example:

User 1 staked 1000 USDt at 24% APY. The Kapex AI system has calculated that the monthly remuneration will be 20 KPX per month (at a price of 1KPX = 1USDt), taking into account the deduction of two percent risk. After signing a transaction in one of the convenient wallets, the user can instantly stake 20 KPX and receive rewards already in DAI, USDt, USDC, ETH, UNI. Every 15 days, the system will recalculate the monthly remuneration and only change your restake volume.

Multi Farming is exactly the missing link that was so lacking for the perfect functioning of DeFi platforms and increasing earnings without any additional movements.

Kapex creates DeFi products that make our users’ lives easier and more profitable.

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