YIELD FARMING

NcogSwap will host an intuitive Yield Farming solution that will allow users to safeguard their crypto holdings and earn rewards in return. It will be in the form of fixed or variable interest for lending the cryptocurrency via the Ethereum network.

Much similar to how traditional banks offer interest for fiat currency deposits, NcogSwap Yield Farming will be an opportunity for users to earn a passive income for the crypto deposits in our liquidity pools. Your cryptocurrency, which usually would be locked in a crypto exchange or wallet, will be lent out using the NCOG DeFi protocol, creating liquidity on the platform consequently.

The reward will go into our native ERC20 token, $NCOG, which users can use for various purposes on the platform as the project progresses. The value of the coin is expected to increase with the rising engagement recorded.

As a liquidity provider, you will have access to a share of the fees generated on the platform. If you had invested your coins in ETH itself, you would not have had access to the rewards. However, GlobalSwap, being a decentralized non-custodial money market protocol, will generate a substantial amount of returns for your deposits. You can also deposit your reward tokens in the liquidity pools. It is another good choice for traders who intend to earn higher yields by swapping their funds between different protocols after analyzing the market fluctuations.

Although Yield Farming may come across as a bit complex, some experience in Crypto trading and sound knowledge of the Ethereum network and its technicalities will be adequate to get you started. The key to success in yield farming is to move your funds around from one DeFi platform to the other after careful analysis. The bigger the amount of capital you put into the liquidity pools, the higher the rewards you will be yielding as liquidity providers. Rewards calculation is on a pro-rata basis. As more participants join the pool, the pro-rata share of each participant will decrease.

With the launch of NcogSwap, liquidity will be added to NcogSwap directly rather than Uniswap. There is a certain percentage of the total supply of $NCOG tokens allocated to farming. Once the platform runs out of these tokens, farming of the $NCOG token will take a halt.