SmartIndex got a farm on Mistswap!

Mistswap now offers a farm for the SIDX/BCH pair. Mist chooses its farms based on volume, with no human intervention.

SIDX/BCH farm offers a 128% APR at the moment of writing this article, and the reward is paid in its governance token, MIST.

Advantages of having a farm

The main advantage is liquidity: a farm bring more liquidity for the farmed pair. Lack of liquidity was an actual problem for SIDX, as it's a low cap token.

Another advantage: SmartIndex managed portfolio holds some SIDX/BCH liquidity. After proposal #11 approval, this farm will bring more value to the portfolio: rewards will be swapped for SIDX/BCH LP token and added again to farm. This allows money to flow into the portfolio.

Funds on the initial liquidity pool can be reallocated to other DEXs. This will be a must if we get another farm.

Extra liquidity pool (see Proposal #10) can be reallocated to other DEXs or swapped for any asset (like tokens or NFTs), based on token holders votes.

SIDX has a impressive performance

Farming is one of the reasons SIDX reached the top 20 in marketcap.cash and even surpassed the $2 of value per token.