Same Finance
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Same Finance
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What is Same Finance?
Same Finance is a leveraged yield farming protocol, with a focus on stablecoin yield farming for more stable yields. SameFinance's easy deposits and intuitive UX also aims at making yield farming more accessible. SameFinance offers up to 6x funds for liquidity providing miners obtain excess mining profits.
Same Finance cleverly links both borrowers and lenders through a series of complex contract mechanisms to continuously improve the overall capital utilization rate of the DeFi market. While bringing a higher rate of return, it also maximizes the safety of user funds.
What is Yield Farming?
Yield farming is a very common function in DeFi. It involves the staking and lending of crypto assets by Lenders. This generates stable returns/income for the Lenders as their staked cryptocurrency is borrowed by other users.
Yield Farming is mostly commonly done by depositing tokens as a trading pair, such as USDT/SAME, at a value ratio of 1:1. While the tokens are staked, the user receives income in the form of additional tokens. On SameFinance, this income comes in the form of SAME tokens.
Yield Farming becomes โLeveraged Yield Farmingโ when the user borrows additional tokens to complete or enlarge the size of his yield farming position, increase his potential interest. This also comes with higher risks of liquidation.
Which networks are supported?
SameFinance is first available to use with Huobi Eco Chain(HECO) wallets. We'll also be launching it on more blockchains in upcoming months;
- Huobi Eco Chain (HECO) - 20 Aug, 2021
- Hoo Smart Chain (HSC) - 09 Oct, 2021
- Binance Smart Chain (BSC) - Q4 2021
- Polygon (MATIC) - 2022
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Last modified 7mo ago