Hepa.Finance: The End of Yield Farming

Blockchain is a decentralized general ledger. It is a computer network that has an identical copy of the database and changes its status (records) to a common agreement based on pure mathematics. All this means that there is no need for any central server or any entity we trust (e.g. central bank, notaries, banks, Paypal, etc.). The blockchain is the technological basis for all cryptocurrencies, whether Bitcoin, Ethereum, Hyperledger, etc.

An important part of the blockchain is the smart contracts, a piece of code that is stored in the blockchain network (in each participant’s database). It basically defines the conditions to which all parties using the contract agreement. Therefore, if the required conditions are met, certain actions are executed. Because the smart contract is stored on all computers on the network, everyone must run it and get the same result. This way users can be sure that the result is correct.

Decentralized Finance

Blockchain and Smart Contracts open many doors to new decentralized businesses and eliminates the need for expensive third parties. Many new companies are now working on this technology, and large companies are testing it in closed networks to collaborate directly with each other without the need for intermediaries. Moreover, another main reasons why cryptocurrencies are more fashionable is because we know that traditional banks, as modern as they want to be, have an old-fashioned culture and mentality. Beyond the typical financial instruments, they have only evolved to provide some online services. Now, with the emergence of DeFi (decentralized finance), a world of financial instruments is opening up, accessible, open and without permissions for anyone with a cell phone or a computer connected to the Internet. It is a movement that takes advantage of decentralized networks to transform old financial products into transparent protocols that work without intermediaries.

For that reason, there is a lot of projects that are starting to use this new technology. However, not all of them are worth it. We have to read well what each project is dedicated to, what is its whitepaper, its qualified advisors, etc. As I said, blockchain technology has gained popularity due to the hype about cryptocurrencies which has shaken many startups to launch their own cryptocurrencies even without convincing fundamentals. This trend has emerged because new entrants have been more agile in adopting emerging technologies compared to incumbents who are hampered by legacy systems. However, this competitiveness and this advantage enjoyed by the new players may be short-lived, as no economies of scale are taken into account.

Moving on, the project I’m going to present you is Hepa Finance (https://hepa.finance/), a decentralized financial project based on Blockchain technology to be launched on Binance Smart Chain (BSC).

Definition

In more detail, HEPA will be the governance token for Hepa Finance (https://hepa.finance/) and will be used as a revenue generation governance token governing the HEPA Finance ecosystem on Binance Smart Chain.

The platform will be launched on the Binance Smart Chain (BSC) network, which is a blockchain network built for running smart contract-based applications, which allows users to get the best of both worlds: the high transaction capacity of BC and the smart contract functionality of BSC. What is special about Binance Smart Chain is its low fees and fast transaction speed, but what is even more special is its compatibility with EVM (Ethereum Virtual Machine). Due to EVM compatibility, DApps developed on Ethereum can be ported (imported into Binance Smart Chain as-is), and Ethereum wallets like Metamask can be used as-is.

Furthermore, IDO will be on ApeTools, a platform that aims to become an undisputed price tracker within the BSC network as a tracking alternative to DeFi, AND offers a wealth of analytical data to monitor investments within BSC thanks to data provided within the platform itself.

Hape Finance will mint 2% of the final cap (approximately 10,000,000 HEPA), so as not to make the same mistake as current similar projects which follow the same blockchain issuance program, thus ensuring the continuity of the token. To give you an idea, the tokens minted will be distributed as follows: 70% IDO ApeTools, 20% to the HEPA/BNB liquidity fund, and 10% to a HEPA strategic wallet.

Hepa.Finance withdrawal fees are calculated based on your previous withdrawal block. Thus, withdrawal fees at Hepa.Finance range from 25% to 0.01%. The fee system is designed to discourage short-term farming and selling pressure, but is still quite reasonable for those who only want to produce crops for shorter periods of time.

Staking and Yield Farming

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One of the most important features within the Hepa Finance platform is staking. Any user who owns HEPA tokens will be able to staking and profit from it. The main tokens with which staking will be possible are: HEPA, BUSD, BNB, BANANA and TAPE.

Another relevant feature very common in the most modern projects within the world of DeFi and the BSC network is yield farming, which Hape Finance will also incorporate. This tool consists of a yield farming system incorporating a unique 95% locked-in / 5% unlocked token supply design to create a sustainable and long-term farming environment.

With Hepa Finance’s unique yield system, the benefits are enormous. Thus, for the first month, the numbers will be as follows:

Week 1: 256x multiplier = 256 HEPA / block = 7680 HEPA / minute.

Week 2: multiplier 128x = 128 HEPA / block = 3,840 HEPA / minute

Week 3: 64x multiplier = 64 HEPA / block = 1,920 HEPA / minute

Week 4: 32x multiplier = 32 HEPA / block = 960 HEPA / minute

Liquidity Pool

Finally, users will also be able to add liquidity to the platform’s liquidity pools and be rewarded for it. The main pairs to which it will be possible to profit are the following: HEPA/BUSD, HEPA/BNB, HEPA/BANANA, HEPA/TAPE.

Anyway, Hepa Finance will first launch two pairs that will reward performance farmers with HEPA:

HEPA/TAPE — 1x pool weight (~9.85 HEPA/block during the initial launch week).

HEPA/BNB — 25x pool weight (~ 246.1 HEPA/block during initial launch week).

The Hepa Finance team will allocate $10,000 in BNB to the HEPA/BNB pool to allow users to easily switch to HEPA. The HEPA / BNB pool in Hepa Finance will initially be seeded with a price of $0.005 per HEPA. The ApeSwap router will be used for all transactions.

Bounty program

The project gives the opportunity to earn HEPA tokens performing some social media tasks and doing simple steps from the bounty program explained into the following Bitcointalk Thread here (https://bitcointalk.org/index.php?topic=5344679.0), where you can access the link in order to see what are the conditions to become an early Hepa Finance contributor and start acquiring tokens.

You can also stay tuned to their official Telegram Channel (https://t.me/hepafinance). I hope you liked the post and soon I’ll send you new ones.