♣️ FAQ

What is yield farming?

Yield farming is an innovative DeFi concept where users stake or lend their crypto assets, providing liquidity to receive returns. Read this article for more information: https://academy.binance.com/en/articles/what-is-yield-farming-in-decentralized-finance-defi

How do I use Camel Finance?

As a camel (user), you can participate in Camel Finance in three different ways:

🟥3 Ways to Participate

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Is it safe to use Camel Finance?

Yes, of course! Camel is amongst the safest and most secure projects on Polygon because of our multi-layered security processes, which you can read below:

• Open-source code. Our code is open-source, with every line having been combed through by hundreds of independent developers. We also have an ongoing bug bounty program to offer people high rewards if anyone spot as little as a minor issue. We invite you to have a look through our code yourself here.

• Security audits. Our smart contracts have been audited by professional and reputable third-party firms, they could theoretically have vulnerabilities.

• We have built-in safeguards in place. For example, all the contracts we deploy are owned by a Time-lock contract. Thus, any changes made by our developers will have a 24-hour lag before becoming effective. That means users will have ample time to withdraw their funds and exit safely in the case of any questionable update to the code.

• We make efforts not only to secure our own protocol, but also the entire ecosystem. That’s why we only work with projects that meet our high standards for safety. Every project we work with has to pass our Security Scorecard, a type of qualitative audit that complements code audits.

• As a final word, even with everything we do, users should still educate themselves. It’s important to be aware of the potential risks of participating in any DeFi project.

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If you have any further questions, feel free to contact our support team: [e-mail]