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LiteFarm is the main yield farming protocol on LiteChain, powered by LiteDEX. Users will be able to join farms by staking various assets, including the native currency of LiteDEX (LDX) and WLTC.
Providing liquidity to the farms will allow LiteDEX to have a healthy liquidity in order to process transactions from users all over the chain.
Non Native Farms feature a 3% deposit fees, and stablecoin farms feature a 5% deposit fee.
LiteFarm will be open for collaborations with newly launching projects on LiteChain, and will offer staking pool spots for projects willing to contribute to the pools with their tokens, giving more visibility to young projects trying to find their audience.