General Overview of DeFiFarms ,a revolutionary DeFi/NFTs Ecosystem

General Presentation

Decentralized Finance (DeFi) consist of varieties of financial products developed on blockchain technology with the aim of disrupting the existing traditional financial system . DeFi is a financial application developed on blockchain technology , it incorporate smart contract technology for transaction execution without the need of intermediaries . The smart contracts allows automation of transaction hence removing intermediaries in executing transactions. DeFi application consist of varieties of peer to peer protocol built on decentralized blockchain to facilitate secured and transparent decentralized financial services such as Lending , borrowing , trading, farming and more. All these financial products are made available for everyone . There is no limitation or restriction to the use of these products since they are built on DApps. In this publication, i will be introducing readers to DeFiFarms, a latest and innovative DeFi projects designed to offer solutions to the existing problems in DeFi space and catering your DeFi needs. I hope everyone will find it very interesting.

About DeFiFarms

DeFiFarms is a revolutionary blockchain project developed with the primary goal of solving some existing problems and redefining Non Fungible Token Standard. The project consist of the components of DeFi like Decentralized exchange, AMM Swap sponsored by Liquidity providers and NFTs. It is the world first DeFi protocol which incorporate NFTs protocol farming on BSC network . The goal is to provide a sustainable solution in the area of ERC-721 ,Non Fungible token standard. DeFiFarms platform have a native token called DEFIY which is a non fungible yearn and serving as a governance token in the ecosystem .

How does DeFiFarm Platform works ?
DeFiFarms will change how we stake and earn , it will enable dynamism in staking system , It will like staked directly to the proof of ownership transferable NFTs instead of the stake being linked to the users wallet address . This simply means if a user become a Liquidity Provider and stake their tokens , they only earn rewards by receiving NFTs which is equivalent in value , It means staking DEFIY will earn users NFTs which can be sold directly without unstaking their DEFIY. By doing this , user is farming NFT.
DeFiFarm has added some features which has never existed before. They have created a possibility for Farmers and Liquidity providers (LP) to move around their locked values of the liquidity provided. When users stake their DEFIY/BNB liquidity tokens in the platform , the LP token are being locked in the staking contracts while the value is not locked . DeFiFarm protocol allows minting of NFT whenever staking takes place , this will wrap the value locked in staking contract and make it transferable in ECR721 NFT . The stake will remain locked in the Smart contract, no need to unstake the staked assets . If users decided they dont want to provide liquidity any longer, they can go to the market and trade the earned NFTs in the current market value of the LP tokens staked in addition with the staking rewards earned . Users have to options , they can chose to unstake their original LPs token or chose otherwise . If they unstake , NFTs will become automatically burnt while the staked funds and the rewards get automatically transferred to users wallet. $DEFIY #DefiFarms #DeFiFarmsNFT #NFTs

Features of DeFiFarm Ecosystem

(a) DeFiFarm AMM :

DeFiFarms has developed Automated Market Making decentralized trading platform that will allow users to swap their various crypto assets with the use of (AMM) model.

(b) Staking and Liquidity Providing :

Users will be able to stake their token for profits. It also allows create a good income stream for Liquidity provider. It will allow them earn transaction fees based on the volume of liquidity provided ,it allow them farm NFTs that can be traded in at the market price in a high liquidity exchange . Users can stake varieties of token to farm DEFIY in the platform .

(c) NFT Farming :
DeFiFarms will change how we stake and earn , it wil enable dynamism in staking system , It will like staked directly to the proof of ownership transferable NFTs instead of the stake being linked to the users wallet address . This simply means if a user become a Liquidity Provider and stake their tokens , they only earn rewards by receiving NFTs which is equivalent in value , It means staking DEFIY will earn users NFTs which can be sold directly without unstaking their DEFIY. By doing this , user is farming NFT.
DeFiFarm has added some features which has never existed before. They have created a possibility for Farmers and Liquidity providers (LP) to move around their locked values of the liquidity provided. When users stake their DEFIY/BNB liquidity tokens in the platform , the LP token are being locked in the staking contracts while the value is not locked . DeFiFarm protocol allows minting of NFT whenever staking takes place , this will wrap the value locked in staking contract and make it transferable in ECR721 NFT

Conclusion

DeFiFarm platform is a revolutionary DeFi Platform developed with the goal of sustainability and profitability . The platform unifies DeFi and NFTs together . It allows smooth interoperability between the duo . It allows Liquidity Providers to earn NFTs rewards for providing liquidity . NFTs equivalent to Liquidity provided are minted after providing liquidity , this gives LP option to chose NFTs or their original LPs token . Users can subscribe to various DeFi products in the platform.

Learn more :

Website : https://defifarms.org/
Telegram : https://t.me/DeFiFarmsNFT
Media : https://t.me/DefifarmsNFTs
Twitter : https://twitter.com/DeFiFarmsNFTs
Medium : https://medium.com/@DeFiFarmsNFTs
Reddit : https://www.reddit.com/r/DeFiFarms/
Githud : https://github.com/defifarms
Contract: https://bscscan.com/token/0x2307DfB065CF1c9c5bC0f3435b49830C0AB86847

Authors info
Bitcointalk username : adeleyefums
BTT profile : https://bitcointalk.org/index.php?action=profile;u=2694374
PUBLIC KEY : 0xa41ed852Ed95D7bf56686829C3d41c09516C80Cb