Stater Participates in the Cross-Project Farming Collaboration GalaxyFarm 2
NFT fam — get your $STR ready!
We are thrilled to announce our participation in GalaxyFarm 2 — a farming collaboration created by Router Protocol and Polygon, to enable liquidity providers of Stater to farm multiple tokens in the GalaxyFarm’s pool.
The first phase — GalaxyFarm-1, was a successful launch with “mooning” results — more than $2.5 Mln TVL was reached in just a few hours of the launch.
The main goal of the GalaxyFarm project is to offer instant, gasless staking, and farming for the decentralized finance ecosystem — the second layer of GalaxyFarm.
What makes Galaxy Farm unique and why it’s a huge opportunity for the Stater community is that it enables users to stake only one liquidity pair and earn rewards in ten different tokens at the same time. Simply put, this means that a user staking $STR tokens will be able to earn rewards not only in $STR, but in all 10 tokens in the pool, with the rewards distributed in an equal ratio.
The GalaxyFarm 2 cohort participants will all contribute their native tokens alongside the Router Protocol native token to create a reward pool worth $300,000, with the reward pool set at $30,000 per protocol.
The staking period will last 30 days, with users allowed to unstake their funds at any time.
The GalaxyFarm 2 will go live on April 6th.
Therefore we are excited to announce that all users who will stake Stater tokens in the GalaxyFarm 2 pool will earn yield for all participating tokens at the same time and in equal ratio.
Let the farming begin!