Yellow Road Announces Partnership with Yield Farming Aggregator MoonFarm
We recently conducted the initial DEX offering of the cross-chain yield farming aggregator platform MoonFarm. As part of recent developments in the collaboration between Yellow Road and Moon Farm, we are thrilled to share with you that we are partnering with MoonFarm to aid our towering long-term vision.
MoonFarm is a project that aims to ease the process of yield farming on blockchain by threading together the smooth interface of a centralized finance (CeFi) platform and the security and utility of a decentralized finance (DeFi) platform. In doing so, it creates a CeDeFi ecosystem with low barriers to entry, enabling users of all experience levels in crypto to farm tokens across multiple blockchain networks.
There are two aspects of our partnership with MoonFarm that make the fire in our belly even stronger.
Firstly, we took off from the starting line this year with a promise to our community that on Yellow Road, we will only conduct the IDOs of projects that we find truly promising. The opportunity to partner with one of the projects that conducted their IDO on Yellow Road now stands testament to the fact that we truly do believe in the projects that we host on our platform.
Secondly, partnering with promising projects like MoonFarm helps us expand our ecosystem and introduces our community to a wider range of beneficial platforms. As a partner of Yellow Road, MoonFarm will now enable our community to reap the benefits of the plethora of yield farming opportunities it harbors. Through its immaculate user interface, the platform will ensure that Yellow Road users have a flawless yield farming experience.
Besides, if we expand Yellow Road across other blockchains in the future and have multiple liquidity pools across those networks, $ROAD token holders will be easily able to farm across all blockchains using MoonFarm. This is an additional benefit we get through our partnership as MoonFarm is a cross-chain yield farming platform.
That’s not it. We also intend to collaborate with MoonFarm to create a farming pool for $ROAD and MoonFarm’s native token $MFO on Yellow Road. Doing this will make $ROAD holders eligible for dual rewards. When they farm on MoonFarm, they will receive rewards from the farming projects we integrate and gain additional $MFO tokens as a bonus.
As we continue our growth trajectory and keep adding to our stack of impeccable projects in the blockchain and crypto space, you can rest assured that every decision we take is to bring more benefits to you — the Yellow Road community.
To make sure you don’t miss out on any updates from our journey, stay tuned!
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MoonFarm is a CeDeFi yield farming aggregator that offers the best of both worlds. It brings the cost-effectiveness, easy access, transparency, and speed of DeFi yield farming together with the user security associated with a centralized financial ecosystem. Moon Farm optimizes Yield Farming interest (APY/ APR) and provides users with the ability to choose what farms they want to use or allow the system to automatically determine the best farming strategies using their yield optimization engine.
About Yellow Road
Yellow Road is a bright, unique, and engaging IDO platform to empower the most innovative crypto projects by leveraging the power of the community. Yellow Road’s vision is to empower. projects, people, ideas, and ethics. It aims to achieve this by creating a platform dedicated to BSC project IDOs so they get backed by a community that trusts in them. The platform offers a range of funding solutions from smart auctions to community building and engagement programs for new projects.