Initial Farm Offerings or IFOs are fundraising models that allow new DeFi models to raise capital. Once decentralized exchanges vets a stern project, companies can participate in pre-sales events for IFOs.
IFOs are a successor to ICOs which are also a crowdfunding method used during the initial stages of the project. participating in IFOs allows the project to raise capital while enabling users to invest in native tokens.
One of the most common platforms for IFO is PanCakeSwap. With IFOs users are directly benefited from the fundraising while being entitled to rewards. On the other hand, owners of the project can also make the most out of the liquidity pool offered by the platform.