What Is Growing Farm and How to Earn?

2021-05-21 01:00:00 · 204 views · 3 min read

 

Remember last time we introduced some yield aggregator platforms on BSC, like PancakeBunny, Beefy and Autofarm with high APY? 

 

 

Growing Farms is another yield optimizer on Binance Smart Chain, focusing on providing auto-compounded yields by actively finding, auditing, and leveraging the best yield farming platforms through smart optimizing strategies. According to the team, the smart contracts of Growing Farm is a remix of SushiSwap, AutoFarm, Pancakebunny and many other prior arts.

 

 

The Grow token $GROW is Growing Farm’s membership token, revenue earning token and governance token. The primary way to get the $GROW token is farming at Growing Farm. 

 

 

How to earn with the farms?

There are 6 farms active at present: GROW Staking, GROW-BNB LP, Growing CAKE, Growing BANANA, Growing BNB and Growing BUSD.

 

 

By staking your $GROW token at GROW Staking Pool, you will be able to receive BNB as a reward. When you stake more than 1 $GROW, the Growing Pro membership for your address will be activated. Meanwhile, the staking earnings for this 1 $GROW will be sent to the Growing dev team. For the amount above 1 $GROW (or all of your staking if the total GROW you stake is smaller than 1 $GROW), you will continuously get a dividend of the 30% of the profit from all farm pools with the share of $GROW token you stake.

 

 

Or you can stake in other active farm pools with corresponding optimized profits. The highest APY is 536% for the Growing BANANA pool at the time of writing. 

It’s easy to observe from the Growing Farm’s data dashboard that the $GROW token price is highly correlated with the Growing Farm’s users, volume and transactions. So keep an eye on its on-chain data if you trade or stake $GROW.



 

 

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