Leveraged yield farming is live on VVS Boost Farms!
Single Finance recently announced the leveraged yield farming of VVS Boost Farm. According to the statement, the effects of Boost will be applicable only on selected farms across Pseudo Market-Neutral Strategy, Leveraged Short/Long Strategy and Leveraged Yield Farming.
Selected farms will automatically be strengthened with xVVS and VVS Miner Moles (NFT) staking, and boosted yield farming rewards will go directly to the users’ pockets. According to the announcement made by the company on social media:
“There are no extra steps for our users to take to achieve such juicy rewards, just ”Single-Click” with us as usual and everything is done.”
Pseudo Market-Neutral Strategy
Leveraged Short/Long Strategy
Leveraged Yield Farming
Early-bird to veSINGLE Holders
Stating that the long-term support received by community members will take them further, the company explained that for this reason, the VVS boosting features are special and are exclusive only to users who hold veSINGLE.
If the number of veSINGLE requested does not exceed the limit, users can request veSINGLE during the period or wait for the Early-bird to finish to enjoy boost farming.
Q1. Do I need to purchase VVS or Miner Moles NFTs to enjoy the boosting?
Ans: Not at all, Single Finance does all at the backend for you, just enjoy with our “Single-Click”.
Q2. What is the extra cost of using these VVS boost farms?
Ans: Nil, all the fees and borrowing interests stay the same.
Q3. Do I need to withdraw my positions first, then re-staking to enjoy the boost?
Ans: No, the boosting effect will be added automatically at the backend.
Q4. If I have existing positions on the boosted farms, will I also enjoy those boosting effects during the early-bird period, even if I don’t have enough claimed veSINGLE tokens?
Ans: Yes, you will enjoy the boost for all your existing positions, just not be able to put in extra principal.
Q5. If I want to open the boost farm, but I don’t have enough claimed veSINGLE, what should I do?
Ans: You May stake your single in “Boost” page and start to accumulate veSINGLE. Please be reminded that only claimed and will be counted.
About Single Finance
Single Finance is a super intuitive platform for all your DeFi investments that minimize correlations with the overall market. Everything here is calculated in USD from your injected capital. Everything is visualized.
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