avaxfarmer

avaxfarmer is a new protocol in the world of cryptocurrency. The contract acts as a reward pool, returning up to 6% of your AVAX deposited throughout a 24-hour period.

avaxfarmer has a tax on deposits and withdrawals that goes towards an insurance fund. If the contract were to ever slow down, this fund is in place to make sure the people that are still in the avaxfarmer pool will continue to receive benefits from it. This fund will also help us replenish the contract if need be. As long as there is AVAX deposited into the contract, it will autorun forever.

The funds deposited are locked in the contract. This means that once you deposit your tokens, they can only be removed by claiming rewards. This will help in the longevity of the project and prevent users from pulling all of their funds out at once, causing a dip in the contract balance.

In other projects,

If multiple users were to have a large balance that they claimed through rewards, it would cause a large fluctuation in the value of the contract, thus not delivering on the promised %. Our contract has a variable interest rate, which can achieve up to 6% if followed correctly. This also ensures contract longevity. If the contract balance drops, the interest rate will adjust to ensure all active participants will still receive rewards. The same will happen if the contract balance increases.