The FarmBit team works hard every day to onboard businesses that are most profitable and can bring returns to our users. New businesses are relentlessly evaluated and pursued to increase profitability, scalability and sustainability.
New businesses are evaluated through these stages:
Analyze business documentations
Review seller and buyer relation
Audit business
Legal process for transfer of trade invoice.
FarmBit takes care of APY tracking, and strategy development.
FarmBit is an open marketplace that allows businesses to obtain working capital by discounting their trade invoices to investors using DeFi and NFT.
Regularly, FarmBit automatically collects or 'harvests' the APY tokens on behalf of our users and exchanges them for more of the underlying assets that users deposited, thereby compounding the interest they earn. This saves our users both time and the network fees associated with making multiple transactions.
The interest-bearing FarmBit NFT, is a deposit receipt token for subscribing to a pool that is compounding the Profit Sharing Pool. It can be obtained by subscribing to a pool.
FarmBit Pool utilizes the same vault architecture as other vaults, collecting FMB from users and then depositing it in aggregate into the Profit Sharing Pool. The advantages include:
No gas fee for subscribing and unsubscribing, you pay all fees in FMB.
A fungible and transferrable receipt token, FPR (FarmBit Pool Reciept), allows compounding Profit Sharing shares to be transferred between addresses without first unsubscribing your FPR.