Welcome to the FAQ section for our Mainnet Beta! We've compiled a list of frequently asked questions to help you understand our platform better and make the most of your experience. If you have any other queries, please feel free to reach out to our support team on . Single Farm
Can I join multiple farms at the same time? Yes, users are allowed to join multiple farms at the same time. We recommend every investor to assess each farm's strategy to align with your investment goals. Can I create multiple farms at the same time? Yes, users are indeed permitted to create multiple farms at the same time. This approach is part of our commitment to diversify investment opportunities for both managers and investors What is the fee to create a single farm? There is no protocol fee charged for creating a Single Farm. The only cost incurred by users is the Blast gas fee. Please note that gas fees are subject to fluctuation based on network activity and are not controlled by our platform. What is the standard duration for fundraising? The standard duration for fundraising is 7 days. If your farm doesn't reach the required funding within 7 days, it is automatically canceled. What maximum fund can be raised for each farm? Each farm has a maximum fund-raising limit of $5,000. What is the minimum deposit required for each investor in a single farm? The minimum deposit required for each investor to participate in a single farm is 10 $USDC. What is the minimum required fund to close fundraising and start trading? The minimum required funds to close fundraising and begin trading are determined by our DEX partner. With our current partner, Blitz, the minimum size varies for different assets. Please refer to the table below for specific minimum sizes for each asset (some assets might not be listed on deFarm yet): Minimum Sizes (in coin/token)
If there are new assets that haven't been included in the table above, you can find the relevant information on Blitz’s table by following this link: . Here is a quick example for newbies: you create a Farm with a long position on ETH using 10x leverage and ETH's price stands at $3,000. According to the table, the minimum amount required to open a long position is 0.4 ETH. This equals $1,200 ($3,000 * 0.4).
Therefore, to open this long position, your Farm must have a minimum volume of $1,200.
With the selected leverage of 10x, the actual funds needed for deposit are $1,200 divided by 10, equating to $120. If the deposited amount falls below $120, opening your position will not be possible.
Can I deposit money into the farms that I have created? As a farm creator, you can contribute funds to your farm. This not only adds to the investment pool but also demonstrates your confidence in the farm's strategy. What happens if I cancel a farm during the fundraising phase? If a farm is canceled during the fundraising phase, all collected funds are then ready to be claimed back to the respective investors. We encourage Farm managers to cancel only if necessary, as it impacts investor confidence. Are my assets safe after depositing them into a single farm? Yes, your assets are completely secure under the management of our smart contract. Neither the farm managers nor the deFarm team have access to or the ability to withdraw your funds. Managers are only authorized to open and close positions using the liquidity deposited into their farms. All operations are governed by our well-verified and audited smart contract, ensuring the utmost safety and transparency of your investment. What is the range of slippage for each farm? The slippage range for each farm is set between 0.1% and 10%. The default slippage is established at 1%. What is the expected time frame for closing orders on pairs with different liquidity levels? Order closure times can vary significantly depending on the liquidity of the pair. For high-liquidity pairs like BTC and ETH, orders can be closed swiftly due to the high volume and active market. However, for pairs with lower liquidity, such as niche or less popular assets, it may take considerably longer to close orders. What are the fees charged after a farm has finished trading? For detailed information regarding the fees associated with each farm after trading has concluded, please refer to our comprehensive fee details here: . Quests
What are Quests on deFarm? Quests are interactive tasks designed for deFarm users to earn points and claim a share of deFarm's community airdrop. Quests is designed as a long-term program and a key feature of deFarm, aimed at continually incentivizing active users throughout the project's development. What types of Quests are available in the Mainnet Beta? The Mainnet Beta features several types of Quests, all involving off-chain and on-chain activities that require you to interact with the deFarm protocol. For detailed information, check out: . What are the points I earn from Quests used for? The points accumulated from completing Quests determine your share of the airdrop from deFarm's fixed reward pool. Essentially, the more points you gather, the larger the portion of the airdrop you're eligible for. When will I receive the airdrop? The announcement for the airdrop claim is forthcoming. Users who actively engage in quests over time and accumulate significant points stand to receive the most rewards. We are dedicated to keeping all our diligent deFarm users updated on the precise timing for the airdrop claim. Will there be any updates on Quests? Absolutely. We are constantly planning to introduce new tasks and challenges to diversify interaction with the protocol. Our plan includes integrating off-chain tasks, such as social engagements through platforms like X, allowing contributors who are active outside the blockchain to also earn rewards for their support. We greatly value community input; if you have suggestions or ideas, please don't hesitate to leave feedback at . Your insights are crucial to us, and we are always here to listen and improve your deFarm experience.
Early Adopter Program
What is deFarm's Early Adopter Program? deFarm's Early Adopter Program is a reward initiative designed to incentivize users through points for performing various actions within the deFarm app at our pre-launch stage. This program aims to encourage user interaction with the protocol, drive user growth, and allow users to partake in the protocol's success. How could I earn deFarm points? For Early Adopter Program, there are two primary methods to accumulate points. The first method involves participating in our Quests, details of which can be accessed here . The second method is through your trading activities, where points are earned based on the volume of your trades and the amount of your deposits over the course of an epoch. The total points are then tallied at the end of each epoch. More information on this can be found here . Who is eligible for airdrop in this program? All users with points. The distribution of rewards is based on the user's contribution in relation to the total pool. How many epochs are there for the Trading Activities of Early Adopter Program? The program includes a total of 7 epochs. This structured approach allows for a consistent and fair distribution of points over a defined period. What is the duration of each epoch, and how are rewards distributed? Each epoch within the Early Adopter Program lasts for 7 days.
Got feedback after trying out Single Farm Mainnet Beta? We'd love to hear it. Jump to the next page to know where to share your thoughts:
Mainnet Beta FAQ
