🔗Pools

A mining pool is a group of DMT/DMC/DME miners. They share power and collaborate to mine new tokens and earn rewards for their contributions during the mining round.

Decentralized finance (DeFi) is a constantly evolving eco-system. New tools and concepts are emerging to decentralize services such as lending, leasing and active trading. One such concept is the liquidity pool. Mining pools bring together individual miners who work as a single entity on DEFI Mining network. The more capital invested in advanced mining rigs or equipment, the brighter the chances of earning higher rewards.

A crypto token liquidity pool allows to lock tokens in a pool where they are put to use, and you, in turn, earn passive token income in the future. It also has many benefits for DEFI Mining Tokens and DeFi networks as they shift away from how centralized crypto exchanges operate.

[defiminingio] is the pool in which the DEFI Mining NFTs mine/claim; that is, DMT, DMC and DME respectively.

How pools are filled up ?

Through simulation and hardware upgrades, miners have the option to lock up tokens and mint NFTs for upgrading their farm(s). Within the shop, the DMT "spent" on NFTs will be dispatched into different "pool wallets" as a sort of investment for future rewards and providing liquidity to dApps that will bring value through use cases for the NFTs and as result, the tokens; sometimes, it may value the tokens bringing value to the NFTs. Some dApps will have their own way of filling their pool(s) which will bring new stake options to your NFTs and FTs.