Yield Farms are currently generating a lot of interest on BSC. But Jiggly Finance was created with the intention of bringing credibility into a space plagued by Rugpulls such as HoneySwap.fi and Meerkat Finance. Jiggly Finance hopes to create a clean, credible and sustainable environment for users to feel safe while maintaining a yield farm with high APR. Currently, project has already been audited by Solidity and Migrator Code has been removed.
Decentralized finance (DeFi) has become a hot topic. Yield farming is undoubtedly one of the most trending sub-topics in the DeFi space and it’s not hard to see why. With Smart contracts that makes it easy for users to interact with multiple Blockchain and DeFi protocols as well as gain profits for the assets that they possess. This enables yield farmers to multiply their crypto assets with ease.
Calculations of the returns are commonly subject to Annual Percentage Yield (APY), which indicates the rate of compounding effect. Yield farming involves the usage of multiple defi protocols and more often than not runs the risk Impermanent losses and an inflationary native token. Jiggly Finance believes that we have only scratched the surface of Yield Farming’s true potential as many projects are still hampered by Credibility Issues, Rug Pulls, Volatility and even network congestion. As many things in nature, a balance needs to be found for sustainable and profitable returns, that’s when the real breakout in price growth and public adoption will begin.
2021 Q1
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