Introduce:

Since the advent of blockchain technology, the global financial system has never been the same. DeFi technology has had a positive impact on the global payment system and further development is needed in this area to simplify and unify the entire system. This technology has a significant impact in the global payments and transactions industry. As a nascent industry, some asymmetries still need to be raised. We are all aware of the inefficiencies that have dominated a number of global crypto projects and the high transaction fees associated with transferring funds over the blockchain. After observing all these imbalances, the DeFiFarms project team has emerged to come up with sustainable solutions to these problems and make blockchain-related liquidity more comfortable, flexible and affordable. more active. more affordable and accessible to all. The team also recognized the importance of this industry and its ability to address the aforementioned issues. In this post, I will discuss in more depth the DeFiFarms protocol which I hope my readers will find very interesting.

I will briefly talk about NFTs for the benefit of those who are hearing it for the first time. Non Fungible Tokens (NFTs) are used to refer to Cryptographic items of various forms. It can be digital art, music, game cards, artwork some valuable items in digital form and more. These types of tokens have a unique identity and a unique ownership. To buy them, their ownership is being transferred to the buyer. DeFi Farm combines the functionality of the automated NFTs protocol YieldFarm Liquidity and the Automated Market Creation Dex Platform (AMM) running on the Binance Smart chain network.

About DeFiFarms

DeFiFarms solution integrate Decentralized Finance (DeFi) and Non Fungible token (NFTs) using innovative model . DeFiFarms is the world first DeFi project that will implements ERC721 Token Standard for its yield Farming on BSC network . It implored advance model of staking in DeFi . Unlike the regular DeFi staking system where users stake directly from their hot wallet . DeFiFarms allows NFTs stakes to be movable . Providing liquidity on DeFiFarms allows users assets converted immediately to NFTs after staking them . They can as well receive their staking rewards in NFTs as well which can be sold in the platform market directly.

Users of the platform dont need to create hot wallet for staking and receiving their rewards since the staking protocol gives unique NFTs for every stake to allow users to kept in a very secured wallet , the protocol allows burning of these NFTs to unstake them or selling them directly on DeFiFarm marketplace. NFTs is a new Financial instruments with unlimited potential

How does Staking on DeFiFarms Works?

The process of staking in DeFiFarms is quite different compared to any DeFi Farm. Users would have to pay 5% Deposit fees when staking on DeFiFarms .Out of this amount 1% are deposited into development funds while the rest 4% are distributed to DeFiY token holders through the DeFi Farms Factory . This will encourage holding of DeFiY token . DeFiY token is the native token of DeFiFarm ecosystem . It is a governance token of the ecosystem and it is based on binance Smart chain network. $DEFIY #DefiFarms #DeFiFarmsNFT #NFTs
DeFi Factory is just like the DApps of the regular DeFi platform where users can conduct farming activities which will allows them to earn another type of token in the platform . It is a farming pool where users will be able to provide liquidity which will allow them earn from the transaction fees in the DeFiFarm exchange.Users will also be able to stake their DeFiY token to earn other cryptocurrencies in the platform . DeFiFarm will be opening 2 liquidity pools at launch where investors can provide liquidity and earn NFTs in return DEFIY-BUSD/ DEFIY-BNB Pools. For these 2 farming pools, 3% deposit fee will be charged .

DEFIY Token

DEFIY is a native token launched by DeFiFarms and will serve as a utility and governance token. DEFIY token based on Binance BEP-20 with a total supply of 8,000,000 DEFIY. The use of DEFIY is mainly for utility and governance tokens, where users can use these tokens for various purposes on the platform such as staking, lending, or investment because along with the development of DeFiFarms, the value of the DEFIY token will increase.

DeFiFarms Roadmap

The first time the DeFiFarms team will carry out project launches and audits of the service to be able to assure users that all code written by the team is completely safe. Then the team from DeFiFarms will list in CMC, Coinecko, Dappradar, BSCScan, etc. Then launched DeFi Factory Farming and Lottery, and partnerships with several parties.

Then after that, the team from DeFiFarms will launch AMM DEX, disable All Cake LP-Farms, then add DEFIY-LP Farms, launch AMM Trading Mining, and IFO. Then to ensure that the services offered are really good, the team from DeFiFarms will perform AMM API-Endpoints, AMM Analytics, voting, margin trading, set fixed-rate swaps, and binary options.

Conclude:

The higher the market demand, the more opportunities for DeFiFarms to grow thanks to its outstanding track record and experienced project team, ready for any challenge to succeed. I come up with potential projects and I think DeFiFarms is something I should look into. Thank you

Follow our Project to learn more

Website : https://defifarms.org/
Whitepaper: https://drive.google.com/file/d/16rlbSp4cd_RpGDuPp7VPBpKeGTJ8_yYb/view?usp=sharing
Telegram : https://t.me/DeFiFarmsNFT
Media : https://t.me/DefifarmsNFTs
Twitter : https://twitter.com/DeFiFarmsNFTs
Medium : https://medium.com/@DeFiFarmsNFTs
Githud : https://github.com/defifarms

Publisher details
Bitcointalk Username : Zamaika
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=3103372
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