Description: Hominid Finance is a Yield Bonding protocol powered by APE tokens where liquidity providers can exchange APE tokens at a discounted rate and continue earning rewards via staking while doesn't hurt by the impermanent loss.
Decentralized Finance (DeFi) has grown tremendously over the past year. There are many parts of DeFi, including lending platforms, liquidity protocols, stock synthetics, automated market makers, and more. We are so proud to bring the new term yield bonding into the Decentralized Finance space.
Yield Bondings exist for liquidity providers (like you) who want to provide funds into liquidity pools and maximize profits by farming on different DeFi protocols. Instead of staking their LP (liquidity provider) tokens for farming rewards, users can exchange their LP tokens for the Hominid's governance tokens at a discounted rate. This is done through a process called Bonding. As the protocol never sells these LP tokens, the liquidity is effectively locked within its treasury. Also, Hominid will continue to use LP tokens for farming rewards and contributes back to Hominid's governance token holders.
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