Introduction to Byreal
Byreal is an innovative liquidity hub for real-world assets, leveraging the power of the Solana blockchain and backed by Bybit’s incubation. This robust platform integrates launchpad functions, trading mechanisms, and yield generation to enhance liquidity for its users.
The primary token on Byreal is bbSOL, designed to facilitate the seamless transfer of real assets onto the blockchain with a focus on transparency and accessibility within financial systems.
With the aim to foster a holistic DeFi environment, Byreal provides users with various opportunities to access liquidity across the vibrant Solana ecosystem. Key partnerships with prominent projects such as SNS, Sonic SVM, Suolala, Fragmetric, CUDIS, Bedrock, and xStocks ensure competitive liquidity pools and attractive yield options.
Key Highlights of the Real Farmer Season
The Real Farmer Season campaign is set to run from November 14, at 08:00 UTC, through December 14, at 08:00 UTC. While a token airdrop has not been confirmed, participating in this farming initiative presents a strategic chance to earn potential rewards by engaging actively in liquidity activities.
Real Farmer serves as Byreal’s unique copy farming feature, offering Solana users the ability to mimic the liquidity strategies of successful farmers with just one click.
Participants during this season will have the opportunity to earn Copy Yield Boosts of up to 10% in addition to standard returns, and further incentives through the Copy Referral Rewards for inviting others to replicate their strategies.
Step-by-Step Guide: Engaging in Byreal Real Farmer Season
- Access the Byreal Platform
- Connect a compatible Solana wallet to start
- Obtain Solana and Required Tokens
- Buy SOL from exchanges like Binance to cover transaction costs
- If needed, procure additional tokens which can also be purchased from Binance or transferred via the Rhino Bridge
- Select a Liquidity Pool
- Go to the “Real Farmers” section on Byreal
- Examine the available liquidity pools, including those from official partners
- Analyze each pool’s APY, trading activity, and potential Copy Bonuses
- Create a Liquidity Position
- Choose your desired pool and click to provide liquidity
- Input the amount you wish to contribute
- Confirm the transaction through your wallet
- You now hold the role of a “Farmer,” reaping trading fees, heightened yields, and potential rewards
- Generate Your Unique Referral Link
- Find and access your personalized referral link on your dashboard
- As a Creator: Receive a 10% Yield Boost when others emulate your position, plus 5% from the liquidity fees of your direct referrals
- For First-tier Followers: Earn a 5% Yield Boost and 5% from the Creator’s fees, along with 2.5% from their own followers
- For Second-tier Followers: Get a 5% Yield Boost and 2.5% from the liquidity fees paid by first-tier followers
- Share Your Farming Success
- Utilize the “Share” feature to generate a performance card for your positions
- This card provides a snapshot of your farming results and Copy Bonus earnings
Common Questions and Answers
What is Copy Farming?
Copy Farming enables users to duplicate an existing user’s liquidity position effortlessly. When you choose to replicate a farmer’s strategy, you provide liquidity to the same pool under identical terms.
How are Copy Bonuses determined?
Copy Bonuses are composed of two main parts: Copy Yield Boost (which can add up to 10% extra yield during the season) and Copy Referral Rewards based on the liquidity contributed by your referrals.
What occurs after December 14?
Post-campaign, the Real Farmer feature will remain as a fundamental component of Byreal. However, the temporary reward multipliers and Copy Yield Boosts will return to their regular levels.
Final Thoughts
Byreal’s Real Farmer Season presents an enticing opportunity to earn substantial yields on Solana while setting the stage for possible long-term rewards. The copy farming feature introduces a collaborative aspect to liquidity provision, empowering both seasoned farmers and newcomers to benefit from shared expertise.
Interested in discovering more upcoming projects that are yet to launch their tokens but may facilitate a retroactive airdrop for early users? Take a look at our curated list of potential airdrops to ensure you do not miss out on the next big DeFi opportunity!
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