To unsubscribe, you simply have to wait for the asset maturity and click on the "unsubscribe" button on your NFT. You will automatically receive your subscribed FMB tokens and yield in BSUD (Stablecoins). You will be charged a standard unsubscription fee in FMB tokens.
Note: Your tokens will be locked according to the asset maturity. But, you can sell your NFT at any given point, which will allow the new owner of the NFT to claim subscribed tokens and expected yield at asset maturity. This is where FarmBit NFT Marketplace comes in handy. It should be ready by the second quarter of 2022, in accordance with our roadmap.
Once you subscribe, you will automatically receive an NFT as a receipt representing your subscription to that pool. This NFT holds the value of your subscription and your expected yield. You can choose to sell your NFT at any time.
To participate, users must hold a minimum amount of FMB tokens. Pools are open for subscription for a determined period, usually less than 3 days. So if you find any interesting pool you want to join, make sure you’re holding the minimum token requirement in your wallet.
Every pool represents a real-world business. By subscribing to any pool, you are directly providing liquidity for that business in return for a share of their profits.
FarmBit Pool allows businesses from developing countries to trade their assets, trade invoices, warehouse receipts, real-estate loans, and lots more to create a pool of their assets and offer it to DeFi investors. These assets create a stable yield for DeFi investors.
Investors can subscribe to businesses with their FMB tokens to earn stable coins. The number of tokens you earn is relative to the number of FMB tokens you subscribe to the pool. This is to ensure all participating users stand a fair and equal opportunity to share in the interest provided by these businesses.
The FarmBit Pool platform comprises three features: Subscription, Pool Receipt (NFTs), and Unsubscription.