HyperJump Farming to Launch in the Fantom Zone

HyperJump is a Decentralized Finance (DeFi) project that is focused around Non-Fungible Tokens (NFTs). The team behind the protocol recently announced plans to expand this unique farming activity to Fantom by next week.

By
Utulu Hope
on
May 3, 2021
Category:
Blockchain News

HyperJump Farming to Launch on Fantom 

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HyperJump is a decentralized finance (DeFi) protocol with an innovative and fun token ecosystem on the Binance Smart Chain (BSC). The ecosystem is built around NFTs, gaming, and tokenomics, including products such as the Asteroid Field where users can farm their native Alloy token on the BSC network. On April 30th, the team announced their planned launch on the Fantom network. Information about the farming process and launch on Fantom is still undisclosed. However, the team has promised that users will have extremely high Annual Percentage Yield (APY) opportunities to earn new tokens on the Fantom network. 


Mech Staking to Launch After Farming on Fantom 

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Mech Staking will be introduced to HyperJump shortly after farms are launched on Fantom, the company disclosed on their official Medium page. It will be the first dual reward staking to appear on FTM. 

Just like Yield Farming and Liquidity Providing, Mech Staking generates a yield for users. With it, users can leverage reward tokens to earn more reward tokens alongside other additional pooled tokens. 

The HyperJump team has promised to showcase how the dual staking system works after a recent survey shows that most of the Fantom community do not understand the process. There will be a Mech Workshop to show how Mech Staking will give users double rewards. 

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The image above shows how the Mech Workshop works. As rewards are harvested from the Mech Workshop, users can always use reward tokens to produce more Mechs to compound more staking power. Also, additional pool tokens will be earned. In essence, additional pools are partner pools that provide users the needed exposure to new projects via their tokens. 

In summary, users will earn the following using Mechs: 

  • Unannounced Farming Token. 
  • Aurora.
  • ALLOY from BSC. 
  • wFTM.
  • Other Fantom tokens. 


Closing Thoughts

Presently, there is no date for the launch of the Fantom Mech workshop. However, HyperJump has urged users to stay tuned because many other promising features will be added to its protocol. As NFTs take the world by storm, HyperJump proves to its user base that it has every intention of being a premium product for interested investors with this partnership with Fantom.




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Utulu Hope

UC Hope is a passionate fan of crypto who could weave the latest event into sparks of inspiration and information. He leaves no stone unturned to get to the core of a story. Aside from writing, he spends his hours poring over algorithms and protocols, preparing for a future career as a computer programmer.