Harvest (LP LOCK)
Last updated
Last updated
Let’s talk about how memecoin launches are, to put it bluntly, burning your hard-earned money. Here’s the deal: when these projects raise the funds to launch their token on a DEX, they go ahead and do it, but then they do something mind-boggling—they burn the LP token associated with that initial liquidity injection. Yep, you heard that right. They’re literally setting fire to your money.
See, the funds you chip in to get that pool going - that’s not just cash for the project - it’s working capital that should be earning you fees from trading volume. But when they burn those LP tokens, they’re basically saying, “Thanks for the money, now let’s toss any chance of you seeing more of it straight into the flames.” You’re forced to forfeit 100% of the upside that comes from the fees your capital could’ve generated. Pardon my French, but that’s downright stupid.
So, why on earth do they do it? idk... Burning the LP token is their way of guaranteeing that the liquidity won’t be yanked out of the pool—no rug pulls, they say. But here’s the kicker: there’s a smarter way to lock in that liquidity without torching your money and robbing you of the profits you deserve. You can secure the pool without having to throw your potential earnings out the window.
In the GFM Protocol, your investment is safeguarded by a fully automated and secure onChain contract--no one is burning your money here. Instead of destroying the LP tokens, the smart contract locks them away, ensuring that no one has access to them. This guarantees that the liquidity will never be pulled out of the pool. But because the LP tokens are not burned, you retain the opportunity to receive your fair share of the fees generated by your working capital.
From the creation of the pool, to the raising of funds, to the final injection of liquidity and the creation and locking of LP tokens--everything happens within a permissionless, trustless environment. No one other than the program itself has control or access at any stage, whether it's handling the valuable assets collected or the tokens created during the process.
Recognizing this opportunity, the GFM Protocol has introduced a unique harvesting ability. This way, not only is your investment safe, but it also continues to work for you, earning fees, FOREVER. You heard right - passive income - FOREVER.
It’s the best of both worlds--security and profitability--all while keeping your money where it belongs: working for you.
