How can DeFi protocols help farmers in the real world access financing?
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How can DeFi protocols help farmers in the real world access financing?
LandX is a decentralized protocol built on Ethereum that bridges the gap between real-world farmers and cryptocurrency investors through blockchain-based perpetual commodity vaults.
Navigating Web3 tides with focused insights
Author: CHASE
Translated by: TechFlow
LandX will launch its final testnet before the official mainnet launch—this could be a potential airdrop opportunity.
What is LandX?
LandX is a decentralized protocol built on Ethereum that bridges real-world farmers and cryptocurrency investors through blockchain-based perpetual commodity vaults.
You might be wondering: what exactly is a "perpetual commodity vault"?
Commodity vaults offer investors inflation-hedged returns backed by legal contracts secured against actual farmland. LandX offers these commodity vaults as liquid digital assets.
Through the LandX protocol, investors and borrowers (farmers) can reach agreements. The vault functions as a blockchain-based token that can be exchanged based on market-set primary prices.
Owners of staked tokens will receive daily interest from the underlying commodity.
LandX solves many problems for both farmers and investors. For example, agricultural financing has traditionally been difficult to manage because investors have no way to access output from real-world farmland.
LandX also has several notable partners: Wonder, Gamma, KlimaDAO, and others.
Testing and Rewards
Most importantly, LandX will conduct its final test prior to launch—the last rehearsal will take place on December 5, 2022, on Ethereum's Goerli testnet.
Winners of this testnet (trading competition) will receive USDC rewards (for 10 winners) and the Omega role on Discord (300 people), which grants access to the LNDX token sale:
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1st Place: 1000 USDC prize + Omega role;
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2nd Place: 750 USDC prize + Omega role;
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3rd Place: 500 USDC prize + Omega role;
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4th Place: 250 USDC prize + Omega role.
Prizes for 5th–10th places are 100 USDC + Omega role; prizes for 11th–300th places are Omega role + POAPs.
So you have a chance to win $1,000 in the testnet—take it seriously. At the end of the competition, the user who achieves the highest return on investment using test tokens will claim first place.
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