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Is anyone else as excited about VFT labs as I am?

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@cryptounicorn420
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Disclaimer: This post is not financial advice. It is for education and entertainment purposes. If you decide to make any financial transactions you do so at your own risk.

If you haven't heard about VFT labs ,I highly recommend you check out this official post here . In a nutshell not only is it like a yield farm for NFTs but also serves as another use case for the beloved VIBES token.

The concept is simple. It works like a yield farm .The user deposits tokens into the pool(s) and pay a small fee (0-3% depending on the token used). Each day 1000 VFT tokens are distributed to users based on which pool you are in and how much you have staked in each pool. The VFT earned can be used to purchase NFTs or be sold on Hive-engine. You can even farm more VFT with existing VFT.

According to the post above these are the tokens/ pools available as well as daily VFT distribution per pool. The distribution is divided amongst all users in the pool. The more tokens you have staked the bigger your share of that pool.

Vibes - 300 VFT
VFT - 200 VFT
Hive - 200 VFT
Leo - 125 VFT
Dec - 125 VFT
Starbits - 50 VFT

The NFTs are on the WAX blockchain but you can easily connect your wax account to VFT labs. If you do not have a WAX account you can create one easily and for free in about 30 seconds.

There is no fee for the VFT pool. The VIBES pool has 1% fee and the other tokens each have a 3% fee. This is subject to change and based on info available at the time of this post.

This hasn't launched yet but I expect it will soon. Please check out the post linked above for more info. This is just an intro and I may not know what I am talking about.

I have a full strategy outlined if anyone is interested .I can explain what I plan to do in a separate post. Let me know in the comments.

As always thanks for reading 🦄