Binance Smart chain New Project Project Launch
Are you wondering about the no-loss jackpot pool, LovePot.finance is doing so by using Binance Smart Chain technology. Keep in mind! This technology is used for decentralized financial applications. LovePot is providing Unparalleled high transaction throughput, Yield farming and Smooth staking LovePot‘s focus on the functionality of blockchain and its dedication to decentralized finance is making it risk-free. Moreover, it makes the fulfillment of financial services on the blockchain possible through intelligent feature development. Before moving further, let’s elaborate on what is LovePot?
What is LovePot?
Remember! LovePot is a no-loss jackpot pool whose functionality is similar to the service pioneered by Pool Together. During the initial staking period, users stake tokens to a LovePot (AND this initial period is of 24 hours). During the farming season, at the end of the initial period, no further staking is allowed in the pot for the next 6 days. All the pooled assets will be farmed to develop a pooled yield. At the end of the farming period, a random candidate is declared as a winner by using the formula composite weighting = # Tokens * S * H.
LovePot staking acts as an ALTERNATIVE TO LENDING for DEFI USERS
Remember! Lending activities also contain some risks. A prominent price drop in the lender (losing some of the value of the loan after it is liquidated) can occur if the borrower will use the volatile assets as collateral. Also, the interest rates available to the lenders are conquered due to the oversupply of loans on the marketplace. That is why we are appreciating the use of LovePot for the users where they earn returns from staking. Don’t confuse yourself with staking and lending, both are distinct. The Administrative privileges associated with the asset are delegated to the validation node in the specified PoS network. In the end, the validators got great rewards for their activities. Some portion of this reward is also distributed to the staker. The larger staking networks like PoS pay nominal interest between 5% to 10% each year. However, LovePot doesn’t have such specific requirements to tap into the larger market. You can run a validator node without these interest rates. During the initial staking period, users stake tokens to a LovePot (AND this initial period is of 24 hours). During the farming season, at the end of the initial period, no further staking is allowed in the pot for the next 6 days. All the pooled assets will be farmed to develop a pooled yield. At the end of the farming period, a random candidate is declared a winner. But Don’t ever think that your funds will waste. your assets will still be intact.