Pod Town Launches Pod Together, an Innovative DeFi Solution to Gamify Billion-Dollar Farming Opportunities in Its Metaverse

November 30, 2021 3:45 AM EST

Get instant alerts when news breaks on your stocks. Claim your 1-week free trial to StreetInsider Premium here.

Toronto, Ontario--(Newsfile Corp. - November 30, 2021) - Pod Town is introducing a DeFi solution to gamify the billion-dollar farming opportunity in their Metaverse called Pod Together.

DeFi or Decentralized Finance, is an open and global financial system built for the internet age, commonly known with "yield farming" or "liquidity mining," where speculators actively shift cryptocurrency assets between different pools in a platform and between different platforms to maximize their total yield, which includes not only interest and fees but also the value of additional tokens received as rewards. DeFi products open up financial services to anyone with an internet connection and they're largely owned and maintained by their users. The rapid rise of DeFi during 2020 and 2021 can be seen as billions of dollars' worth of crypto has flowed through DeFi applications and it's growing every day. According to DeFiPulse, the total value locked in DeFi products had reached over $100 billion.

Backed by blockchain-focused development studio Console Labs, known through Pod Town and the unique NFT Collectibles Cyber Nekos, Pod Together is a saving game where DeFi users can maximize their earnings from yield farming while having a chance to win big money prizes. It's a win-win saving game.

About Pod Together

Pod Together is the first brick of Pod Town's product chain in its Metaverse, where all the entertainment and financial activities gather to maximize their users' benefit.

As the cryptocurrency world expands, DeFi users should be protected with safe earning methods. Pod Together offers investment opportunities where users can feel safe to entrust with their assets. Everything is built out of trust and the power behind its supportive community.

Empowered by DeFi and blockchain technology, all deposited crypto is grouped via smart contracts, protected by a DAO-centric community, and visualized through the public dashboard. Apart from receiving optimized returns from decentralized financial markets, DeFi users can also enter a weekly lottery draw - where the award grows bigger over time, at no cost.

How Pod Together Works

Pod Together utilizes Grim Finance as the yield optimizer. Users just need to prepare their LP tokens, or use their Cyber Nekos to stake directly into the pool. The earning reward will be maximized via Grim Finance Vaults, then distributed back to the users.

Apart from the farming reward, user can also grow their earnings through the game's weekly or bi-weekly lottery prize without having to buy any tickets. A part of the farming rewards goes for the prize pool and distributes to the lucky winners.

The odds of winning grow as the deposited amount grows. At the time of speaking, Pod Together reached $50,000 accumulated prizes. This number gets higher as the pool continues its next round.

Pod Together is now live at pod.town. DeFi users can begin to earn and win from their staked tokens. More important, users can simply grow their winning chance by inviting their friends to join.

All FAQs and how-tos about Pod Together can be found at Pod Together BETA. The product is still in its beta stage.

About Console Labs

Pod Together was the first product created by Console Labs, a blockchain-focused development studio and talented female artists.

Initially they debuted with Cyber Neko - a collection of 6,666 uniquely NFT collectibles stored on the Fantom blockchain. Console Labs focuses on building a community for DeFi users with a Zootopia theme - where Cyber Neko is the ticket pass to be a Pod Town Citizen.

Media Contact

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/105816



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Newsfile, Press Releases

Related Entities

Twitter, Earnings