In this Crypto Age, the term “farming” has brought on an entirely new concept, and it is arguably much more interesting than the original agricultural connotation. Yield farming, in particular, is among the latest trends that one could ride on to earn cryptocurrency by interacting with various Decentralised Finance (DeFi) projects. This practice relies on a set of complicated strategies to lend, stake, and hold digital assets across multiple cryptocurrency or DeFi protocols, thereby earning rewards payable in some crypto currency. Just like any other form of investments, the more digital assets one stake in a DeFi’s liquidity mining protocol, the higher yield one stands to claim, but the riskier one’s position is. Notwithstanding the above, yield farming gives a rather sustainable earning potential.

For clarity of exposition, let us compare  yield farming with traditional finance.

Assume Alice wants to open a savings account with the highest annualized percentage yield (APY) on her principle. She could check the interest policy offered by various banks, as well as their different products, and pick the best option. She could also split her principle into a few portions, and deposit each portion under a different product at a different bank. Yield farming works in a similar way.  With yield farming, the ultimate purpose of crypto asset holders is to increase their crypto assets, not by active trading or investing, but rather by putting such assets to work. Nonetheless, while saving accounts typically have 1% APY, yield farming could sport as high as 60% APY. A yield farming DeFi platform will assemble crypto assets, and then lend them to loanees. The latter pays certain interest to the DeFi platform, which then shares such interest (i.e., profit) with token holders who stake their crypto assets in the platform.

DeFi yield farming platforms not only boost the utility of crypto assets, but also connect various different projects in meaningful manners. More specifically, holders of one crypto asset can put it to use, and earn another crypto asset. Besides, these platforms expose user bases of various projects to one another, allowing each project to potentially expand their user base, while at the same time bringing more use cases to their own user base. This is clearly a win-win solution for up and rising startups in the crypto world, which in and of itself is also an up and rising industry.

The latest newcomer to the DeFi stage, and especially yield farming platforms, is FlowCom – an European-based project whose slogan is “bringing 5G to the mass”. FlowCom has been all about bringing meaningful connections to the mass. They started out with 5G and satellite-based internet connections, and now they are moving into Decentralised Finances.

The project has attracted quite a significant amount of attention and interest, especially in their PreSale and upcoming IDO. They are now setting out to push their token (namely FiG) adoption, and further expansion of their ecosystem. To this end, they launch a yield farming program connecting FiG with various DeFi and NFT projects in the Binance Smart Chain (BSC) Ecosystem, in particular BAKE (BakerySwap), REEF (Reef Finance), DODO, LINA (Linear Protocol) and SFP (SafePal) with an expected APY of 28%.