😓Current Problems
If you've explored the Solana and Raydium ecosystem of late, you surely the amazing opportunities to farm. But you've also probably noticed how much of a pain it is. The main issues in farming can be broken down to the following:
Tedious process to start farming: As a farmer, you have to take up to 4 discrete steps to start farming. For a noobie in the DeFi space its a huge barrier to entry. Just look at this example flow - load single asset on wallet, such as SOL or USDC, swap/trade it for the farmable pair, add to a liquidity pool for LP tokens, take LP tokens and stake in a farm. Yikes.
Lost Gains from lack of Compounding: If you've been around finance you probably have heard of the power of compounding. 100 USD at 100% APY generates only 100 USD a year, but with compounding daily you'll earn 171.46 USD. At the moment though, unfortunately Solana users have to manually compound their gains, which is even more tedious that the farming above, taking up to 5 discreet steps.
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