KittyPunch is thrilled to announce the launch of Loot Farms, a brand new farming protocol, alongside Kitty Points and Crate NFTs, designed to push DeFi forward in the Flow EVM ecosystem.

This innovative suite of features introduces a dynamic way for users to engage with liquidity farming, earn rewards, and secure a stake in the upcoming KittyPunch Token Generation Event (TGE). With 15% of the total KittyPunch Token supply allocated to Crate NFT payloads, this is a game-changer for DeFi enthusiasts, NFT collectors, and investors alike.

Here’s everything you need to know about this exciting release, or you can just get started here.

Loot Farms: A New Farming Protocol for DeFi

Loot Farms are KittyPunch’s new approach to liquidity farming, designed to reward users for locking various liquidity provider (LP) token types. This protocol is built to be flexible and future-proof, supporting:

• DEX Liquidity Tokens: Users can lock LP tokens from decentralized exchanges (DEXs) including PunchSwap and StableKitty to participate in Loot Farms.
• Upcoming Support: Soon, Loot Farms will also accept KittyPunch lending and vault strategy receipt tokens, expanding opportunities for users to maximize their yields.

How Loot Farms Work

• Per-Block Rewards: Each Loot Farm has a designated reward rate distributed per blockchain block.
• Proportional Distribution: Rewards are shared among participants based on their weight (stake size) in the pool.
• Instant Kitty Points: Rewards are credited as Kitty Points, which are instantly added to users’ on-chain wallet accounts.

Key Feature: Kitty Points are soulbound, meaning they are non-transferable and tied to the user’s wallet, ensuring a secure and fair reward system.

Kitty Points: Your Ticket to Crate NFTs

Kitty Points are the core currency of the Loot Farms ecosystem, earned by participating in farming activities. These points are your gateway to acquiring KittyPunch Crate NFTs, which carry randomized payloads of the upcoming KittyPunch Token (name TBD) to be distributed at the TGE.

Earning Kitty Points

• Stake LP tokens in Loot Farms to earn Kitty Points automatically.
• Points are credited in real-time and securely stored in your on-chain wallet.

Spending Kitty Points