ForTube is Launching a Long-term Liquidity Incentive Plan, with a Total Rewards of 85M FOR Tokens
ForTube is the leading global DeFi lending platform launched by The Force Protocol. It is committed to providing decentralized lending services for crypto-assets enthusiasts around the world, supporting most of the world’s popular assets. ForTube is based on smart contracts and automated algorithm technology. Users can deposit tokens to earn interest, pledge, and borrow tokens to pay interests. ForTube’s interest rate is determined by market supply and demand. Assets are controlled by users. ForTube allows users to deposit and withdraw anytime, borrow, and repay anytime globally.
As the ecological governance and value capture carrier of the ForTube platform, FOR plays a significantly important role in the user growth of the ForTube platform. We firmly believe that long-term holders of FOR tokens are indispensable in the governance of the ForTube platform and are also the ultimate beneficiaries of the ForTube platform.
With the implementation of ForTube’s long-term liquidity incentive plan, the FOR token ecosystem has gradually improved. ForTubers who are FOR holders can participate in the following three ecological incentive campaigns:
- Firstly, FOR holders can get interests and liquidity incentives by depositing FOR on the ForTube lending platform. In addition, other crypto-assets such as USDT, BTC, ETH, etc. can be borrowed from the ForTube platform to participate in other liquidity incentive programs in the DeFi ecosystem, or to conduct complex transactions.
- Secondly, depositing FOR in the Uniswap FOR/ETH liquidity pool and providing trading liquidity for FOR on decentralized exchanges to get FOR token rewards.
- Thirdly, depositing FOR in the governance contract to get the privilege to vote on the ForTube platform governance, initiate proposals, and get the ForTube platform service fee. In the future, ForTubers participating in governance can also initiate proposals to increase the liquidity mining incentive index for long-term enthusiasts.
In this long-term yield farming incentive plan, the total amount of rewards is 85 million FOR, and the initial daily release amount is 500,000 FOR. We will adjust the daily release amount timely according to the user growth of the ForTube platform, the growth of assets on the platform, and the price of FOR in the secondary market.
This long-term plan will allocate the total incentives according to the proportion of users’ net assets. Moreover, different tokens have different incentives index (weights). Depositing assets with high weights can get higher APY. The APYs are directly related to the amount and type of deposited assets and borrowed assets.
The incentive index of the assets that have been supported by the ForTube platform are as follows:
The indexes of all the remaining assets that are not listed in the above chart are temporarily 0. Users can initiate proposals for adding new assets and vote on the incentive indexes of different assets every week on the ForTube governance platform.
ForTube 2.0 has significant upgrades on security. It has a sturdy and rigorous two-layer security system, which can protect the security of contract assets to the greatest extent.
ForTube 2.0 uses the industry’s leading safe and scalable system architecture audited by well-known security institutions, and can flexibly upgrade various system modules under a decentralized governance management system to achieve functional iteration and security updates. The platform can continuously upgrade various contract modules to continuously eliminate possible security risks brought by the industry’s latest general vulnerability disclosures at the fastest iteration speed, greatly improving the system security of the product.
ForTube 2.0 adopts an original off-chain audit system, which can perform 7x24 uninterrupted audits of contract assets to protect the security of users’ assets in all aspects. If the risk control system determines that the contract platform has risks, it will quickly lock the contract interface within a block of at most 15 seconds, prohibit all asset-related incoming and outgoing calls to fully protect the security of users’ assets.
The ForTube development team will always keep iterating and updating the product to provide users with safer and more reliable decentralized lending services.
The ForTube community welcomes high-quality project teams to interact with FOR supporters in the community. They can also propose high-quality assets to be supported on the ForTube platform to bring more liquidity and functions to those assets.
ForTube official website: https://for.tube/
Governance forum: https://gov.for.tube/
Supported wallets: imToken, MYKEY, Bitpie, DappBirds, TokenPocket, BitKeep, HyperPay, Coinbase wallet, Trust wallet, etc.
Know More About The Force Protocol：
▲knowledge library of ForTube platform: https://docs.for.tube/