About
Farming for High Yields: The $SB Advantage
Solbank offers exclusive farms for select meme projects. By participating in these farms, you can earn impressive APY up to 115% and beyond in SB tokens. This high yield incentivizes users to participate, boosting liquidity and project visibility. But the fun doesn’t stop there!
Supercharge Your Earnings with Staking
Once you’ve earned SB tokens through farming, you can unlock even greater rewards by staking them. Solbank offers a staggering APY up to 2034% and beyond on native SB staking. This allows you to compound your gains exponentially, maximizing your passive income potential.
The Power of the 2% Fee: Revenue Sharing for Stakers
Here’s where things get truly exciting. To ensure a sustainable ecosystem, Solbank charges a small 2% fee on deposits and withdrawals for meme farm partnerships. This fee isn’t just a cost, it’s your key to unlocking a portion of the profits! By staking SB, you become eligible to claim your share of the revenue pool generated by the 2% fee. This means you directly benefit from the success of the meme farm projects you participate in.
The Flywheel Effect: A Win-Win for Everyone
Solbank’s fee structure is meticulously designed to create a win-win situation for everyone involved:
Meme Projects: Increased liquidity and reduced selling pressure from farming incentivize long-term holding, potentially leading to price appreciation.
Solbank Farmers: You earn high APY on farming and staking, with the added benefit of revenue sharing. You also gain exposure to promising meme projects, potentially benefiting from future price increases of their tokens.
Meme Investors: Staking SB incentivizes holding of meme tokens, reducing overall selling pressure and potentially boosting their value.
The Beauty of Choice and Long-Term Holding
Solbank respects your freedom of choice. You have complete control over how you utilize your earned rewards. However, if you want to participate in the revenue sharing program, staking SB becomes the key. This incentivizes long-term holding of SB, further solidifying the ecosystem’s stability.
Farming: Evolving Project Selection and Listing
As we continue to innovate at Solbank, our approach to project selection and listing for our farming ventures is taking an exciting turn. From the outset, we’ve handpicked projects based on the strength of our collaborations. Now, we’re ready to broaden our horizons and introduce a more dynamic selection process, ensuring our community benefits from a diverse range of high-quality meme projects. Here’s how we’re shaking things up:
Community-Driven Listings via Google Form: Projects interested in joining the Solbank ecosystem can now apply through a simple Google form, providing essential information to kickstart the collaboration. But there’s a twist! To solidify their commitment and ensure mutual growth, applying projects must purchase and stake SB tokens. This requirement not only fosters a stronger bond between Solbank and new projects but also enhances utility and visibility for both parties. The number of SB tokens required for staking will remain flexible, adapting to market conditions, with an initial set point of 50 SB.
Curated Selections by Solbank: While we value community input, we also reserve the right to handpick certain projects that we believe are indispensable to our ecosystem, without requiring a staking fee. This approach allows us to swiftly onboard projects that align with our vision and values, ensuring our community always has access to the most promising and innovative meme ventures.
Creating Synergy and Demand
By implementing these new listing strategies, we aim to create a symbiotic relationship between Solbank, participating projects, and our community. This not only generates increased demand for SB tokens but also adds significant utility for the projects involved, creating a win-win scenario for everyone.
Changes and Modifications
We may update, modify, or discontinue any aspect of the farming pools without prior notice. It is your responsibility to stay informed of any changes that may affect your farming activities.
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