Distribution of the $100k remedy fund

The Distribution will be in 7 tiers:

1. For all affected users with the amount of fund loss less than $300 will get 100% of their losses in USDC;
2. For affected users with amounts from $300 to $500, they will get at least 70% in USDC, with a minimal amount of $300;
3. From $500 to $1000, they will get at least 50% in USDC, with a minimal amount of $350;
4. From $1000 to $3000, they will get at least 33.3% in USDC, with a minimal amount of $500;
5. From $3000 to $10,000, they will get at least 20% in USDC, with a minimal amount of $1000;
6. From $10,000 to $30,000, they will get 10% in USDC, with a maximal amount of $1500;
7. For affected users with amounts greater than $30,000, they will get 5% in USDC, with a maximal amount of $3000;

The total funds to be paid out is $99,361 in USDC.

Remedy Token (rGROW) Info

For all the affected users with the amount of fund loss greater than $300, they will receive a certain amount of Remedy Token proportionally to the amount of their fund loss not yet being compensated in USDC at a rate of 1 rGROW token for $1 of fund loss.

For example, if your total fund loss is $1000, you will receive $500 in USDC and 500 rGROW.

The Total Supply of rGROW token is 1,161,177.

The rGROW token represents your share of the remedy pool, which will be funded with the DAO token of the spun-off farm, plus PLOW and GROW token taken from the dev fund.

More details on the remedy pool soon.

Schedule

• (Sep 19) Compensation in USDC will be distributed to affected users.
• (Sep 21) rGROW will be distributed to affected users (These will be sent directly to wallets. You may need to manually add the rGROW token to your wallet to see your distribution.)

The auction of the Growing Dashboard is still open to new offers, and the team is still seeking new opportunities to provide services in exchange for more funds to the remedy pool.

If you are interested, please join this group: https://t.me/joinchat/mBAMQv1CIXM3ZDJl

And also, please help us to spread the word: https://twitter.com/GrowingFi/status/1437740201074315268

We are and will continue to do everything we can to remedy all the affected users.

Growing Farm Incident Compensation Plan Details was originally published in GrowingFi on Medium, where people are continuing the conversation by highlighting and responding to this story.

1. We are very thankful and humbled to announce that we have secured a sum of $100k of funding in exchange for the future design and dev service from the dev team, 100% of it will be used to remedy the victims of the attack;
2. In order to reduce the risk and damage to the brand of GrowingFi Dashboard, we plan to spin off Growing Farm and rebrand it with new token and new pools;
3. The emission of $GROW and $PLOW token will be stopped, and they will primarily serve as the Membership token in the future. In another word, there will be 0 new GROW and PLOW getting minted in the future, the total supply of GROW will be fixed at 40k and PLOW at 30k;
4. The price of the Growing Pro on BSC and Polygon will be raised to 20 GROW and 100 PLOW;
5. A few new platforms on Polygon (include Balancer, Curve, QiDao, DFYN) and BSC (includes Bakery v2, PancakeHunny) will get supported on Growing Dashboard later today;
6. A major new feature of the Growing Dashboard, the database stored transaction list, will faster load time, and more detailed transaction information, will be released by tomorrow;
7. We have been working very hard to add support of Ethereum Mainnet to the Growing Dashboard, given the current special circumstances, we will speed up and aim to release it within this week.

More details to be announced soon.

The auction of the Growing Dashboard is still open to new offers, and the team is still seeking new opportunities to provide services in exchange for more funds to the remedy pool.

If you are interested, please join this group: https://t.me/joinchat/mBAMQv1CIXM3ZDJl

And also, please help us to spread the word: https://twitter.com/GrowingFi/status/1437740201074315268

We are and will continue to do everything we can to remedy all the affected users.

Updates on the Compensation and Going Forward Plan was originally published in GrowingFi on Medium, where people are continuing the conversation by highlighting and responding to this story.

Why Polygon?

Polygon (MATIC) is a Layer 2 to Ethurem with a POS that offers transaction fees for a fraction of a cent and block time around a few seconds only.

Since its launch, Polygon (MATIC) network is experiencing astonishing high growth figures. We can expect high opportunities to arise if this trend continues.

With the launch of Growing Farm on Polygon, users from the Polygon and Growing communities can now enjoy state-of-the-art yield farm optimizing with ultra-low gas costs.

Introducing the PLOW token

This launch will also mark the initial release of the Polygon GROW Token or the PLOW token.

PLOW Token address: 0x8dE77A8C221AaFF72872408d635B8072600aB80d

The PLOW token is the equivalent eco token of GROW on BSC for the Polygon network with upgraded tokenomics.

Tokenomics of PLOW token

20000 Pre Mint. No VCs. No Pre Sale.

1/ Deposit Bonus

When the deposit bonus rate is 1x: for every 1000 USDC equivalent value deposited, 0.1 PLOW will be rewarded as Deposit Bonus. All Deposit Bonus will be locked for 3 days.

2/ Staking Reward

1000 PLOW per week to All Farming Pools.

3/ Performance Reward

15% of the profit earned through Farming Pools will be bought into PLOW token and redistributed to PLOW Staking pool.

For every 2 PLOW bought from the market as a performance fee, 1 PLOW will be minted as a performance reward.

For every newly minted PLOW token, 0.15 PLOW will be mint for the Dev Fund.

Conversion of BSC GROW to PLOW

A conversion program will be open after the Test Flight. BSC GROW will be able to be converted to the PLOW token at a premium rate. More details on that soon.

The Test Flight Program of Polygon Growing Farm

We are launching the Test Flight program of Polygon Growing Farm at 19:00 on 13th Aug.

Official launch planned on 20th Aug.

Polygon Growing Farm will be available on the beta site only. (https://beta.growing.fi/farm?network=polygon)

Farm Pool and Staking Pool

There will be 2 Plow Pools and 6 Farm Pools during the Test Flight:

• PLOW Staking Pool
• PLOW-USDC LP Pool
• DINO
• DINO-USDC LP
• USDC-ETH LP
• USDT-MATIC LP
• pSWAMP
• pWINGS

Learn about the Fees on https://docs.growing.fi/farm-fees#2c15102cf3a04e2081884aac5b96ac77

Zap!

Introducing the Zap feature for all pools on the Polygon Growing Farm.

Thanks to the ultra-low gas cost on Polygon, we can build the swap feature into the platform and make the interaction with pools as easy as possible.

No need to go to the original platform, “approve”, “swap”, and “add liquidity” then go back and “approve” and “deposit” anymore.

Just choose to deposit with MATIC, USDC, or the asset you already own. And Zap! It’s done!

Who is eligible for the Test Flight program?

Every wallet address that participated in the BSC Growing Farm Test Flight program is eligible for all pools. Others can only invest in PLOW pools.

If you are on the list. We have airdropped 0.01 MATIC to your address. You can use it for the gas fee to kick things off.

0.01 MATIC should be enough for more than 50 transactions on Polygon!

You can get 0.0005 $MATIC from Polygon Faucet (https://matic.supply/) for free if you are not on the list!

How to move funds from BSC to Polygon?

Anyswap (https://stable.anyswap.exchange/#/swap) is the best way to transfer your stablecoins and ETH from BSC to Polygon, and it’s free!

Links

• Growing Farm Beta: https://beta.growing.fi/farm
• Main site: https://growing.fi/
• Twitter: https://twitter.com/GrowingFi
• Telegram: https://t.me/growingfi

Growing Farm is launching on Polygon was originally published in GrowingFi on Medium, where people are continuing the conversation by highlighting and responding to this story.

Background

Growing.fi is a DeFi portfolio management tool on the Binance Smart Chain (BSC).

Since the launch in March 2021, Growing.fi have been used and loved by tens of thousands of yield farmers. We received a lot of love and feedbacks from our growing community. Among all feedbacks and feature requests, native smart contract integration for farming platforms is one of the most requested. It also aligns with our goal to become not only the dashboard but also the portal for DeFi.

Today, we are thrilled to announce the GROW token and our brand new product: Growing Farm!

GROW token 🌱

The Grow token (GROW) is a membership token, revenue earning token and governance token of Growing.fi eco system.

Stake GROW to become a Growing Pro member and earn BNB from the Growing Farm.

GROW Token address: 0x8CEF274596d334FFa10f8976a920DDC81ba6e29b

Growing Farm 👨‍🌾

The primary way to get the GROW token is farming at Growing Farm.

Inspired by PancakeBunny, Beefy and Autofarm. Growing Farms is yet another yield optimizer platform on BSC, focusing on providing auto-compounded yields by actively finding, auditing, and leveraging the best yield farming platforms through smart optimizing strategies. With the on-chain farm performance data we collected, Growing Farm stands in a superior position to provide best in class returns.

The smart contracts of Growing Farm is a remix of Sushi, Auto, Bunny and many other prior arts. We have tested them on BSC Testnet, Mainnet and other EVM compatible networks for a few weeks. However, they have not been audited yet. You are strongly suggested to read the source code of our smart contracts, and do please give us feedback if you find anything we can improve.

Github: https://github.com/growingfi

Farm Pool and Staking Pool

There will be 2 Pools during the Test Flight:

• GROW Staking Pool
• CAKE Pool with Swamp
• [NEW] Grow BNB pool with Alpaca
• [NEW] GROW-BNB LP pool

By stake your GROW token at GROW Staking Pool. You will be able to receive BNB as a reward. When you stake more than 1 GROW, the Growing Pro membership for your address will be activated. In the meantime, the staking earnings for this 1 GROW will be sent to Growing dev team.

For the amount above 1 GROW (or all of your staking if the total GROW you stake is smaller than 1 GROW), you will continuously get a dividend of the 30% of the profit from all Farm Pools with the share of GROW token you stake.

Stake CAKE at CAKE Pool with Swamp to Earn auto-compounded yields in CAKE plus rewards in GROW token.

30% of the profit earned through Farm Pools will be redistributed to the GROW Staking pool. In the meantime, you will get 3 GROW for each BNB contributed to the GROW Staking pool. (the ratio of GROW per BNB may get changed in the future)

Growing Pro

You need to stake 1 GROW token in the Pro Membership Contract to active the Growing Pro membership for your address.

With Growing Pro Membership, you will get:

• Pro features at Growing Dashboard
• Boosted Reward at Growing Farm
• Pro Sale at IGO

Base on our current Pro boost multiplier (may get changed in the future), Pro members will get:

• +20% Boost to Deposit Bonus (When regular Deposit Bonus is 0.01 GROW per BNB, Pro members get 0.012 GROW per BNB)
• +10% Boost to Profit Reward

Tokenomics of the GROW Token

No Pre Mint. No VCs. No Pre Sale.

1/ Deposit Bonus

When the deposit bonus rate is 1x: for every 1 BNB equivalent value deposited, 0.01 GROW will be rewarded as Deposit Bonus. All Deposit Bonus will be locked for 3 days.

2/ Staking Reward

1000 GROW per week to All Farming Pools.

3/ Profit Reward

30% of the profit earned through Farming Pools will be converted to BNB and redistributed to GROW Staking pool when you claim the reward (before then, your CAKE and BNB will be auto-compounded).

For every newly minted GROW token, 0.1 GROW will be mint for Dev Fund.

Launching Phases

Test Flight starts now. Official launch in 3 days. DAO in 30 days.

Test Flight

GROW token and GROW farm will launch into Test Flight phase at UTC 16:00, 25th of April 2021.

Growing Farm will be available on the beta site only.

• All contract’s Owner address will be transferred to Timelock.
• Timelock contract delay will be set to 12 hours.
• All changes to the contract will be announced via Telegram group at least 12-hours in advance.
• Deposit Bonus rate will be set to 10X (0.1 GROW per BNB) for all Farming Pools. Deposit Bonus will be lock for 24 hours.
• Staking Reward rate will be set to 500 GROW per week.
• GROW price will be mocked at $99.99

Notice: We may need to retire these smart contracts and even the rewarded GROW token if severe issues being found during the Test Flight period. If that happens, we will find a way to compensate whoever participates in our Test Flight program and get affected.

No compensation will be made to any none-fund-loss issue. By fund, we mean user’s deposit.

Update: Small issue found during Test Flight. Official Launch time delayed. Details: https://medium.com/@GrowingFi/issue-found-at-cake-pool-small-issue-dont-panic-42e0bd59e94e

Update: The updated Growing Farm is now up online. With 2 upgraded pools and 2 newly added pools:

- [Upgraded] GROW Staking pool;
- [Upgraded] Grow CAKE pool with Swamp;
- [NEW] Grow BNB pool with Alpaca
- [NEW] GROW-BNB LP pool

Please withdraw from the retired GROW Staking Pool and CAKE pool and reinvest in the newly upgraded pools.

The deposit bonus lock time set to 48 hrs;

Updated contracts are now on our GitHub.

https://github.com/growingfi/contracts

Let’s do it for 3 more days. Official launch time set to 16:00 UTC, May 4th.

Official launch

After 3 days of Test Flight, the Growing Farm will be Official launched at 16:00 UTC, May 4th.

Growing Farm will be available on the main site.

• Timelock contract delay will be increased to 24 hours.
• All changes to the contract will be announced via Telegram group at least 24 hours in advance.
• Deposit Bonus rate will be set to 1x (0.01 GROW per BNB) for GROW-BNB LP pool, and 0x (no deposit bonus) for all other Farming Pools. Deposit Bonus will be lock for 72 hours.
• Staking Reward rate will be set to 1000 GROW per week.
• GROW price will be fetched from PCS.

DAO

• Timelock contract Delay will be increased to 48 hours.
• All changes to the contract will be decided by DAO voting.

Links

• Main site: https://growing.fi/
• Twitter: https://twitter.com/GrowingFi
• Telegram: https://t.me/growingfi

Introducing Growing Farm and GROW Token was originally published in GrowingFi on Medium, where people are continuing the conversation by highlighting and responding to this story.

Pancake, Autofarm, Bunny, bEarn, ValueDefi and more

- [x] Pancake
- [x] Venus
- [x] Autofram
- [x] Beefy
- [x] ACryptoS
- [x] PancakeBunny
- [x] ValueDefi
- [x] bEarn (bVaults, bFarm, bStake)
- [x] bDollar
- [x] 1inch
- [x] Swamp
- [x] Bolt Dollar
- [x] Polaris
- [x] Bakery
- [-] Alpaca (Staking)
- [x] ApeSwap (PRO)

Upcoming

- [ ] Ellipsis
- [ ] Blizzard
- [ ] Belt
- [ ] Crow
- [ ] BTCST
- [ ] Goose
- [ ] HyperJump
- [ ] Jetfuel
- [ ] JulSwap
- [ ] Salt
- [ ] Cream
- [ ] ForTube

Supported Platforms was originally published in GrowingFi on Medium, where people are continuing the conversation by highlighting and responding to this story.