yieldfarming.insure price

SAFE

Governance token for the yieldfarming.insure ecosystem.

Yieldfarming.insure is described to be introducing a new type of farming, Insurance Mining. The project claims to incentivise farmers to buy cover on their staked assets and stake the yNFTs (given to them through yinsure.finance) on the platform. In return, stakers will receive $SAFE. Since yInsure offers two types of cover currency (ETH & DAI), there will be 2 pools, one for yNFT(ETH) and one for yNFT(DAI).

Users' reward rate for the yNFT pools is calculated by the “adjusted cover value”. This value is calculated (when you stake) by taking the original cover amount and multiplying it by the percent of time remaining before expiration.