What is Farming as a Service (FaaS)?

Yield farming is a Web 3.0 avenue to gain interest on your crypto, similar to how traditional banks provide minimally to your current bank accounts. To gain this interest a crypto user has to stake, or lock, their capital for a longer period of time in order to accumulate interest, or other rewards. As a crypto investor the complexity and high maintenance needs may be a deterrent to entry. With farming as a service, we will farm numerous protocols, allowing their community to vote on which strategies we pursue. EtherPrint aims to farm the best opportunities on the market and provide you, as the token holder, the benefits of those opportunities just by holding ETHP. Their product will alleviate the need to worry about the risk, performance, and maintenance of these assets by constantly monitoring those aspects, so you don’t have to. They are excited for this transition for multiple reasons. It enables us, as a community, to build the reward pool regardless of volume, and giving a smaller tax to those looking to enter the market, creating a lower barrier to entry.

How does it work?

When you convert any token, to ETHP, the protocol automatically charges a tax. This tax is used to provide reflections to their holders, and fund ETHP’s treasury. While the returns may be lower than their previous model it will provide holders with passive income and grow the treasury allowing for larger future investments of the project

🔽DETAILS:

https://etherprint.medium.com/what-is-farming-as-a-service-1cd3b6f0a0e8