PembRock has gone live on the NEAR mainnet, becoming the first leveraged yield farming project to do so. PembRock went live with two key features: Lending and Farming.
With this, PembRock has officially reached another important milestone on its roadmap, with more to come.
PembRock has joined a series of user-friendly functional applications by going live on the NEAR mainnet. This combines all the advantages of the mainnet, including security and decentralization.
PembRock will continue to enable lenders to provide credit with no liquidity risk for predictable returns. Also, yield farmers can continue to leverage up to 3x their crypto holdings to generate better returns and employ a greater number of farming strategies.
The NEAR Foundation provided significant support for the project. It has grown tremendously in strength under the Foundation, particularly with the benefits of security and speed, which are estimated to attract users in greater numbers, thus helping the platform increase its liquidity of NEAR-based tokens.
The loan function has changed everything for the better. An example that can be cited is the $2 million investment secured days after the release of the loan feature.
Being user-centric has come in handy for PembRock. It sounds like one though apparently Feature to consider, it remains rare in the DeFi industry. PembRock has put a lot of effort into designing and delivering the smoothest user experience that allows users to start lending and farming quickly.
Inputs to improve the constant flow of the platform and the platform is doing its best to implement as many inputs as possible. The goal is to refine the products based on user feedback to the team.
A greater role for the community can also be seen in the future. According to the public details, the community will play a bigger role through log staking rewards and the launch of the PembRock DAO.
users, no matter how long they’ve been in Game, still need support to get the most out of the platform. PembRock expands its knowledge center to help users understand the app more efficiently and reap the most benefits.
PembRock Finance shared the update by publishing a blog post expressing their excitement at becoming a part of NEAR’s Web3 future.
Anyone can get started with PembRock by visiting the application and connecting the NEAR wallet to farm up to 3x. In addition, those who register can create another revenue stream with a high APY.
Not all formulas and indicators would work properly; However, this would not compromise the security of the funds.
Funds will still be secured, and the lending and farming features will work as intended. PEM-USN and REF-wNEAR farms would operate initially, with plans to add more in the future.
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