Top 8 Reasons to Invest in Golff Protocol
Golff Protocol has been here since the DeFi Boom of 2020. It’s already at its second iteration (V2) and their products are always upgraded, they bring in new features and utility for holders. It’s a stable project with great fundamentals.
Not a farm token
First of all, GOF is not a farm token. As a matter of fact, it’s built an entire ecosystem for the platform that creates value and brings utility for the token.
Moreover, they created “automated investing strategies” that aim to improve your yields based on complicated tokenomics.
The token can be staked, farmed, wrapped, bridged, and it even has a role in fees. Also, it can be “seen” in DeBank as well and it was recently listed on Gate.io
Multi-Chain
Golff Protocol is a multi chain project. It started on Ethereum, then migrated to HECO, and then to BSC.
The project is also aiming to migrate to other chains in the near future for better exposure and expanding its strong DAO ecosystem.
They even have a bridge that can allow you to move assets between networks.
Community Driven
The project is community driven. It has a central team for development and administration, but otherwise, the community drives most of the exposure related things. COmmunity members are actively helping in their marketing efforts, and even help them improve their code via a Bug Bounty program and Governance.
Governance
Golff protocol has created a quite sophisticated governance system where users can ideate, discuss, and make proposals towards the benefit of the project.
If someone notices a point of improvement for the project, his idea must get through a number of steps and through the public opinion of the community before being voted on.
High TVL
The project, although quite unknown by most, has a good TVL. As of now, their TVL slightly fluctuates, but is somewhere in the range of $50M–$80M across all chains. The most dominant chain is BSC with $45M in TVL alone.
In the past, the ratios were more balanced, but people clearly prefer BSC over the other chains due to the ecosystem variety and the low fees.
I wonder what will happen when Golff reaches other networks such as Fantom, Solana, Harmony, or Avalanche.
Efficient tokenomics and Price action Potential
The tokenomics of Golff are incredibly complicated. It took me a lot of time to wrap my head around them. They are well-researched, well-thought, and well-developed. They put a lot of time, effort, and more important, brain power into creating such complicated systems.
Frankly, they work greatly, due to their financial tools and automated investing strategies.
Golff is also preparing an NFT project as a way to increase your yields and some other goodies for the celebration of their 1 year anniversary in the space that aims.
When it comes to price, now it’s a little under $0.5 per GOF, but it’s hugely undervalued. During the bear market, the price was floating around $0.7, and this spring it was stable over $1.5.
Great UX
What I think one of the greatest achievements of this project is represented by their facelift in UI and UX.
Honestly, the previous design wasn’t that great. It was somewhat clunky and messy. This was due to the continuous development of new features and functionalities that had to be embedded somewhere.
As of now, the platform looks and feels great. They display farms, pools, TVL, your earnings, total earnings of the community, and much much more in a pleasing and ergonomic fashion. Navigation is easy, and the User journey is seamless.
Good returns and plenty of Products to choose from
What may be the greatest point of interest for investors, is the returns.
Golf Protocol has great APR rates for most farms. What I personally observed is that during a bull market, the single-staking assets in vaults have sesizably greater than average APY rates.
Moreover, they have lots of investment options.
- Golff Vaults where you can stake your assets and get G-Tokens (auto-compounding)
- Golff Farms with unique mechanisms and reward systems that let you stake your G-Tokens and Earn GOF as well as autocopound.
- Golff Lend & Borrow so you can keep your beloved assets while also using the as leverage to borrow other assets for specific purposes
- Golff Course where you can stake your GOF and Lock it for however long you want or specific time frames (1 month, 3,6, 12 months).
- Golff Carnival where you can stake GOF and earn partner tokens.
For more information about Golff Protocol, please visit the Golff Finance website, Twitter, and Telegram. For developers, please visit our GitHub. If you are interested in complicated tokenomics, here is our documentation.