📈 Origin
In recent months the TVL (total value locked) inside BSC (Binance Smart Chain) DeFi has skyrocketed due to an endless variety of token-incentivised adoption boosters (known as Yield Farming) such as CAKE, BIFI & AUTO. The problem introduced is lots of Yield Farming other than these famous project are experimental or unaudited projects, which can leave unsavvy farmers exposed if something were to go wrong. Because of the crazy APR % some of these can offer in the first few days, many users completely neglect to account for the possible risks introduced.
KumaDefi aims to resolve this problem by developing a trusted ecosystem to empower, secure & simplify DeFi for end users. The project begins focus with one and only one flagship Product: Insured Farming
📃 Insure Farming
The flagship product to be released for KumaDefi is Insure, the evolution of Yield Farming. This product will allow end users to farm suitable DeFi projects confidently, knowing their assets are safely-backed in the event of unfortunate events such as smart contract issues or intentional rugpull. In return Insure farmers pay a % of their yields to KUMA token. Initially, only farms being reviewed by KumaDefi and identified as low risk will be available to farm/insure. However, in the future, some farms identified as medium risk such as unknown DEV team will be added. Inorder to isolated risk and to be fair to farmer who can bear(KUMA) minimum risk only, those farm with higher risk will be insured by a separated token. We will talk more about tokenomic of KumaDefi in the next story, so stay tuned!
If you haven’t already be sure to join our Twitter or Telegram to discuss any questions you may have about KumaDefi 🐻
