The logical next step in Yield Farming is to provide simple and safe Farms with the appropriate coverages to catalyze further growth.
Cookie Finance is happy to present The Next-Generation of Binance Smart Chain Farming with multi-layered protection against adverse external factors. Pools are backed by Cookie Finance 🍪$CHIPS.
Each insured farm is covered by 🍪$CHIPS as collateral which pays out automatically to users if the underlying farm has any withdrawal issues (such as “rugpulls” or "flash-loan exploits.)
Example 1: User deposits 10 Brownies into Brownie Farm, they then un-stake one day later & receive their 10 Brownies back. In this case no 🍪$CHIPS compensation is needed.
Example 2: User deposits 10 Brownies into Brownie Farm, but when they come to un-stake, Brownie-Farm has lost their Brownies (whether through nefarious rugs, exchange issues or even mathematical errors). In this case the user is automatically compensated in 🍪$CHIPS to make up for the Brownies lost.
The amount the user receives is up to 100% of their Brownies value (each Insured Farm has a 🍪$CHIPS allocation which is split between farmers).
As our project grows TVL, the amount of coverage on our farms will increase through a Net-Positive Cycle elaborated upon in "Coverages & Policies".