Farms-as-a-Service
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What does Farms-as-a-Service provide?
In line with our mission to make DeFi accessible for everyone, we created FaaS to allow new projects to easily deploy their contracts instead of having to spend time on forking and deploying the associated contracts the relevant contracts. With Value Liquid’s Farming Pool Creation UI teams can now create the desired customized liquidity pools and pairs along with flexible ratios, customizable fees, and token contract minter approval for the Liquidity Pool with a couple of clicks. An example would be a pool with USDC/New token 67/23 ratio with a 0.60% swap fee that has token minting per block like Sushiswap.
This is free and allows anyone to bootstrap their new project making it more accessible. As these projects use the FaaS Smart Contract, common rugpull methods are prevented as there are no backdoors implemented in these Smart Contracts by the Value DeFi team. But there are other ways to exit scam, therefore only whitelisted projects which are checked by the Value DeFi Security team, can be fully trusted.
With our new FaaS technology liquidity providers for these projects will automatically receive the farming token after providing their liquidity at the Farming Pool (gone are the times of putting your Liquidity into Uniswap and after that in a pool using the Smart Contract of the team (that could possibly rugpull by using an implemented backdoor). This makes the process of farming more easy, efficient and safe & secure. As there are less steps to perform and the LP tokens stay within the Smart Contract made by the Value DeFi team, which ensures that there are no backdoors.
1) What is Farms-as-a-Service (FaaS)? Launched by Value DeFi, Farms-as-a-Service (FaaS) is the quickest and easiest way for new projects to kickstart liquidity of their coin without any upfront payment or cost. No permission is required by Value DeFi. Simply create your FaaS pool and let the community stake to it! Creating a FaaS pool on our platform is a great opportunity for your project to be exposed to a larger audience and it will also generate demand for your token!
2) Why would I want to create a FaaS pool for my project? In line with our mission to make DeFi accessible for everyone, we created FaaS to allow new projects to easily deploy their contracts instead of having to spend time on forking and deploying the associated contracts the relevant contracts. With Value Liquid’s Farming Pool Creation UI teams can now create the desired customized liquidity pools and pairs along with flexible ratios, customizable fees, and token contract minter approval for the Liquidity Pool with a couple of clicks. An example would be a pool with USDC/New token 67/23 ratio with a 0.60% swap fee that has token minting per block just like Sushiswap.
3) Is there a cost associated with the creation of a FaaS pool? There is no fee associated with the creation of a FaaS pool other than the network gas fee required to get it setup on the blockchain.
5) How long does it take to setup a FaaS pool? Assuming you know the pool parameters for your pool, getting it up-and-running shouldn’t take more than 15 minutes!
6) What are the pool parameters required to create a FaaS pool? • The pair of tokens • The pool weight (i.e. 98-2%) • The reward token • Reward per block (# of coins allocated as rewards per ETH block for liquidity providers in this pool) • Lock reward percentage (% of distributed rewards locked until a certain ETH block height is reached) • Reward start and end blocks • Vesting start and end blocks (ETH block height at which the pool starts distributing locked rewards to liquidity providers) • Unstaking frozen time (the amount of time liquidity providers of the pool will have their liquidity locked at the pool)
7) Where do I go to learn more? Don’t hesitate to come back to this page as the content of this page is going to be maintained periodically. We also recommend you join our Discord & Telegram groups; one of our mods will be more than happy to answer any questions you might have.
FaaS infographic:
4) I’m ready to move forward and create my first FaaS pool… what do I need to do? • Step 1 - Log into • Step 2 - Click the “Create FaaS pool” button • Step 3 - Complete all the required fields • Step 4 - Submit your pool to the blockchain with the push of a button and voila!
