A better long term vision for Combine finance holders will be to adapt the Core liquidity locked model along with the true sense of farming. We are calling It Liquidity locked mining.
Vault and NFT launching together
Liquidity locked Mining (LLM)?
In the context of Combine Finance, liquidity locked mining refers to users (locking their LPs token to farm comb and karma token) Note: this will only lock their lp token for life.
Why should We Farm Comb Token?
- This is the Circulating supply right now. There’s going to be 6700 more. Which can only come through staking/farming. (10k Total Supply)
- Nft Karma token rewarded to Liquidity Locked Miners (LLM). (Redeemable on NFT Platform)
- Higher Apy for that pool. Stability floor price in the long run.
- Rewards will be based on the share size of the individual from the pool.
How will it function and how to Participate in it?
Whenever the User will deposit eth or comb-eth uni v2 lp token, special tokens known as liquidity tokens are minted to the Liquidity Provider’s address, in proportion to how much liquidity they contributed to the pool. These tokens are a representation of a Liquidity Provider’s contribution to a pool. (Note that once added, liquidity tokens can not be removed from the Comb Uniswap LP pools.)
Liquidity providers will earn Comb & Karma token directly proportional to their contribution liquidity. Farmer can farm by locking their lp, Traders can trade. (Note:- Karma will only be rewarded to farmers who are locking the lp token)
Supply of Karma token will be — 100 KARMA per block initially, then it can make it adjustable/changed by community by governance.
User/Farmer have to perform only one functions.(Note there’s only 10,000 Total supply and At the time of writing this, we’ll have ~6800 comb left to mine)
Deposit ETH or COMB-ETH UNI-V2 LP into a smart contract it will generate comb and karma rewards from the locked Lp.
As a badge of honor, Farmers will be rewarded the karma token along with Comb (Karma token will be redeemable on our NFT platform for Erc 1155 token).
We will have detailed tutorial about the steps to follow before launching the Vault.
We should be ready with the Vault first. ( If all goes well into testing, We shall have the good news by next week, or else we might be ready before the end of the month. Farmers will have the chance to keep their stack ready for Nft (karma) that will be launched couple of weeks later.
As a reminder here’s a small details about what we have accomplished from the day of listing on Uniswap on 23rd of September. How far we have come with community support.
We have already integrated.
1. Farming (combstake.com)
2. Combine.exchange ( our own exchange)
3. Definite (Defstake.com) (advanced pool) Game token for our comb-eth lp staker. Works on a burn model.(One of a kind)
4. Combineme.me (conducted meme competition for the community for Nft platform)
We are also revamping our entire website to make it more user friendly with more stats for the farmer to read from.
Exchange — https://Combine.exchange
Telegram (Channel) — https://t.me/combinedefi
Telegram (Group) — https://t.me/combinefinance
Twitter — https://twitter.com/CombineFinance
Medium — https://medium.com/@combinefinance
Website — https://combine.finance/
Farming — https://combstake.com
Sidenote:- There’s going to be Andre Cronje Version of Vault too in the future.