Summit DeFi, a revolutionary approach to yield farming, aims to involve the well-established Polygon community with their game mechanics and offer them a fun way to earn yield. Polygon’s speed and low transaction cost provide the ideal environment for gamified protocols to thrive.
The protocol features several “Elevation farms,” a way to bring excitement, tension, and community to the DeFi space. Each Elevation farm has specific parameters like progressive average yield and vesting, which help regulate the native token $SUMMIT price fluctuations. Users can multiply their yield to earn more $SUMMIT while participating in fun risk-based games.
Users can also join the daily Expeditions by locking $SUMMIT for $EVEREST. $EVEREST can not only be used to farm more $SUMMIT but is also automatically entered into the daily Expeditions, where it can earn a portion of the daily Expedition pot, which is paid out in USDC.
The entire TVL within Summit DeFi is put to work every day through their passthrough strategy, which continuously earns funds using Starstream Finance, YieldWolf and Beefy Finance strategies to build up the Expedition Treasury. This treasury is then used to create daily Expedition pots that are won by users of Summit Defi and is one of the ways that we give value back to you as the holder.
You can learn more about Summit Defi by reading their documentation and check our blog for the latest on the Polygon ecosystem!
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