Barbershop’s native token, $HAIR, is growing every block on Polygon, a commit-chain that brings tremendous scale to DeFi applications
In the cluttered yield farming ecosystem, it’s hard to stay up to date with the hottest crops. Barbershop Finance differentiates itself from the pack by encouraging people to “grow what they know” – their hair.
Patrons of the friendly neighborhood Barbershop can transform their long flowing $HAIR to stake and earn other tokens in the Polygon ecosystem. Whether it’s pairing two different coins like wMATIC & wETH (cuts) and stopping back in for a trim when it grows to length (harvest); or simply staking HAIR in the form of a mustache, beard, or sideburns and visiting the barber for a straight razor shave when you’re ready …the Barbershop has a chair waiting for you.
Polygon, formerly known as Matic, is one of the fastest-growing full-stack scaling ethereum solutions to date. DeFi has more users, increased capital, and broader concepts. Yield farming (aka liquidity mining) has ascended to the top as the best way to put your crypto assets to work while generating passive returns on those assets.
Barbershop can benefit from gas fees 1/1000 the price of Ethereum, new blocks created in as little as 2 seconds, and more swift transaction flow. A more approachable onboarding experience is an added advantage for users new to DeFi. Barbershop aims to open new doors by bringing a fresh and more relatable concept to the crypto curious.
About Barbershop Finance
Barbershop Finance is a DeFi yield farm that utilizes Polygon’s high-speed, low gas infrastructure. With a focus on ease of use, clean design, and relatable concepts, growing hair on the blockchain is a fun new way to introduce new and old users to automated market makers in a new light.
Polygon is the first well-structured, easy-to-use platform for Ethereum scaling and infrastructure development. Its core component is Polygon SDK, a modular, flexible framework that supports building and connecting Secured Chains like Plasma, Optimistic Rollups, zkRollups, Validium, etc, and Standalone Chains like Polygon POS, designed for flexibility and independence. Polygon’s scaling solutions have seen widespread adoption with 500+ Dapps, ~530M txns, and ~13.5M+ unique users.
If you’re an Ethereum Developer, you’re already a Polygon developer! Leverage Polygon’s fast and secure txns for your Dapp, get started here.
Source : cryptodaily.io