2021-09-01 19:52:55
KoalaDefi Platform in a nutshell KoalaDefi is a farm yield dapp which runs on BSC & Polygon networks. The KoalaDefi Dex is provided by ApeSwap.
What is yield farming?Yield farming is a process which allows investors to deposit cryptocurrency & then earn interest from trading fees.
Website
Whitepaper
Audit
Coindor initial thoughtsKoalaDefi is a fork from a similar, but longer standing project (Goose Finance). This is not inherently bad. Lots of successful projects have been started from forks. KoalaDefi is planning on building from this fork to try take their project to the next level. Coindor are waiting patiently to see what they can do!
What are KoalaDefi doing differently? This project applies a 2% fee on farm & pool deposits, which is used for;
Distributing $Lyptus to holders.
Farming.
Marketing & competitions.
KoalaDefi has just announced a partnership with rugzombie, which is bringing shared farms & cross AMA’s soon! Indeed, KoalaDefi are creating partnerships at a blinding pace & this allows their community to farm from a wide range of projects.
KoalaDefi have a lovely section of their site dedicated to ‘transparency’. In here you will find all the documentation relevant to each of their actions, e.g. token burns, liquidity locks etc.
The KoalaDefi teamThe KoalaDefi Platform team are not publicly available, I struggled to find information about them easily. However, they have been audited by two reputable auditing firms & so has the contract they forked from.
Final words from the team
‘The idea behind this project is to create a safe place for conservative farmers. The Koala is a quiet animal, he loves eating eucaLYPTUS and sleeping without worrying about his money account’.
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