Hello everyone, how are you?
meet me again Ratih999. This time I want to take the time to tell you about a unique and transparent Defi project called DVEST LABS. This project is built using a platform owned by BinanceSmartChain (BEP-20)
I will summarize the important points about dvest labs
About DAO Labs dVest:
CPI’s Decentralized Exchange Traded Portfolio (dETP) Products
dVest LabsLiquidity Mining and Yield Farming with dDEXX
introduction:
But before going any further, I want to tell you first about Cryptoqurrency or Blockchain Technology. Cryptocurrency was originally known as a payment system that allows people to be able to make transactions quickly, without third parties, transparently, securely, and anonymously. Satoshi who is the creator of Bitcoin, makes Bitcoin beat the centralized financial system that is prone to manipulation and controlled by one party. With the growth and development of the Crypto or blockchain ecosystem, a number of alternative investment options have emerged, and have proven to be more efficient and profitable investment tools than traditional financial returns. Innovative projects are consistently emerging in the crypto industry with high return investments and continuous trends, such as DVEST LABS is one of the projects that will attract large market investments. So, don’t waste this golden opportunity.
Introducing dVest Labs, the dVest DAO, and more!
About DAO Labs dVest:
First of all, I want to explain what dVest Labs is and also the purpose of this project, so let’s see that Dvest LABS is an organizational project with a decentralized autonomous system or called DAO. I think you are familiar to hear about DAO.
a little addition to the explanation of the DAO so that you can recall that the DAO is the original organization of the internet which is owned and managed collectively by its members. They have a built-in treasury that can only be accessed with the consent of their members.
in addition, I have also summarized that this dvest labs project can be operated by the community/users as well as the developer. for me a project like this is very unique and deserves to be on the big market list. on the other hand every decision can be handled by a public network which means All operations, finances, investments, ownership and decision making are 100% transparent, verifiable using blockchain technology and you don’t have to worry because the operation is completely decentralized. even dVest Labs (DAO) has shown its exitensinya in the crypto market, one of which Dvest has pocketed nearly 50% on the DAO system be it a creation, joint venture, business or other branch of the dvest ecosystem. holding positions (up to 49%) in DAO from its creations, joint ventures and subsidiary projects in the dVest Ecosystem.
CPI’s Decentralized Exchange Traded Portfolio (dETP) Products
Crypto Price Index’s CPIx dETP products are revolutionary in that they allow users to have broad exposure to multiple cryptocurrencies by holding one asset, with that one asset actually holding the underlying assets which can be received by burning the dETP asset at any time. Additionally, dETP token holders also earn swap fees from transactions involving the underlying asset liquidity pool.
CPIx “index fund” tokens are decentralized exchange traded portfolio (dETP) products. CPIx tokens are backed by component assets, held via an escrow smart contract. In order to mint CPIx tokens, component assets must be deposited to the underlying asset pool.
Users can mint CPIx Tokens by depositing underlying token assets, such as ETH, wrapped BTC, and others. In order to redeem tokens, users can redeposit their CPIx back to the smart contract, simultaneously receiving their underlying assets and burning the CPIx specific to that contract. The pool will then self balance.
To buy or mint CPIx dETP tokens, visit https://cryptopriceindex.io then scroll down to the “Pick a strategy” section:
Clicking on a dETP product, will make a pop up appear.
To mint new tokens, simply click on the “Add Liquidity” button:
That will bring up a new window, allowing you to deposit multiple or single assets into the underlying asset pool:
You can only deposit the assets that are already existing within that particular product. In this case, CPI, WETH, LINK, WBTC, and UNI.. ,Once you go through the process of depositing liquidity and confirm all of the associated transactions, congratulations! You now own CPIx dETP tokens that hold underlying assets. You earn money from swap fees (from transactions that involve the liquidity pool) and asset value appreciation. For more info, or to purchase or mint CPIx dETP tokens, visit https://cryptopriceindex.io
What is liquidity mining?
Liquidity mining is a DeFi (decentralized finance) mechanism in which participants supply cryptocurrencies into liquidity pools, and are rewarded with fees and tokens based on their share of the total pool liquidity. This focuses on incentivizing the injection of liquidity in the protocol in exchange for distributing among users a series of tokens that give access to the governance of the project and that can also be exchanged for better rewards or other cryptocurrencies.
These tokens may or may not give voting power within the protocol. Besides, they regularly offer access to interest or rewards that are paid regularly to their holders. In this way, the more money they block on the platform, the more tokens they receive and the more rewards they obtain, thereby making higher profits.
What is yield farming?
Yield farming is the practice of staking or lending crypto assets to generate high returns or rewards in the form of additional cryptocurrency. In short, yield farming protocols incentivize liquidity providers (LP) to stake or lock up their crypto assets in a smart contract-based liquidity pool. These incentives can be a percentage of transaction fees, interest from lenders or a governance token (see liquidity mining). These returns are expressed as an annual percentage yield (APY). As more investors add funds to the related liquidity pool, the value of the issued returns rise in value.
At its core, yield farming is a process that allows cryptocurrency holders to lock up their holdings, which in turn provides them with rewards. More specifically, it’s a process that lets you earn either fixed or variable interest by investing crypto in a DeFi market.
Simply put, yield farming involves lending cryptocurrency via the Ethereum or Binance Smart Chain networks. When loans are made via banks using fiat money, the amount lent out is paid back with interest. With yield farming, the concept is the same: a cryptocurrency that would otherwise be sitting in an exchange or a wallet is lent out via DeFi protocols (or locked into smart contracts, in Ethereum terms) to get a return.
What are liquidity pools?
Liquidity pools are pools of tokens that are locked in a smart contract. They are used to facilitate trading by providing liquidity and are extensively used by DEXes (Decentralized Exchanges).
How do liquidity pools work?
Liquidity pools use algorithms called Automated Market Makers (AMM) to provide constant liquidity for trading.
A single liquidity pool holds a pair of tokens and each pool creates a new market for that particular pair of tokens. The first depositor to the pool or liquidity provider sets the initial price of assets in the pool. Liquidity providers are incentivized to supply an equal value of both tokens to the pool. They receive special tokens called LP tokens in proportion to their contribution to the pool. When a trade occurs, a 0.3% fee is collected and distributed proportionally to all LP token holders.
When a token swap occurs through a pool, the supply of an asset decreases while that of the other increases. Therefore, price changes occur that are adjusted by an algorithm called an automated market maker (AMM). This is the time where liquidity pools play their best role as they do not need a professional, centralized market maker to manage the prices of assets. Liquidity providers simply deposit their assets into the pool and the smart contract takes care of the pricing.
How to Use Yield Farms
Yield Farming is a great way to earn dDEXX rewards on dDEXX.
Farms require you to stake two tokens to get LP Tokens, which you then stake in the Farm to earn rewards. This lets you earn dDEXX while still keeping a position in your other tokens!
Yield farming comes with a risk of Impermanent Loss. It’s not as scary as it sounds, but it is worth learning about the concept before you get started.
Check out this great article about Impermanent Loss from Binance Academy to learn more.
Getting prepared
Yield farming takes a little work to get set up.
You’re going to need some “LP Tokens” to enter into a Farm with. Farms can only accept their own exact LP Token; for example, the dDEXX-BNB Farm will only accept dDEXX-BNB LP Tokens. To get the exact LP Token, you’ll need to provide liquidity for that trading pair. So to get dDEXX-BNB LP Tokens, you’ll first have to provide liquidity for the dDEXX-BNB pair. It may sound intimidating, but it’s not too complicated. Let’s go through step by step.
Finding your Farm
Before you proceed, you’ll want to choose a Farm that’s right for you. Visit the Farms page and you’ll see a list of available Farms.
When you find a Farm that you’d like to use, note down the trading pair, e.g. dDEXX-BNB in case you need it later.
Providing liquidity to get LP Tokens
Now that you’ve found a Farm to stake in, you will need to add liquidity to get your LP Tokens.
Click on the Farm you’ve chosen from the list. It will open to show more details.
- Click the pair link.
This will open the Add Liquidity page for your Farm’s pair. We have a guide to adding liquidity you can follow to get your LP Tokens.
Putting your LP Tokens into a farm
Now that you have your LP Tokens, you’re ready to start staking them in a Farm and earning rewards!
This shows the fee for harvesting as it appears in the MetaMask wallet. Different wallets will show the information a little differently. Consider leaving your rewards to grow for a while so you pay fees less often.
Happy farming!
Conclusion
dVest Labs is project creative in the DeFi space. As this dVest its associated businesses will be specially regulated to increase their idle limit. So, I think you should take a look at this project and invest immediately. because I personally am also very optimistic that this project will attract a large market investment and will bring a huge redistribution of wealth, especially for you and the investors in it.
For more information DVEST LABS:
Website : https://dvest.org/
YouTube : https://www.youtube.com/channel/UCLnrGT2xZCwpoCzMfon_mAQ
Discord : https://discord.gg/56ESaPCdpx
Twitter : https://twitter.com/dvestproject
Medium : https://medium.com/@dvestlabs
Telegram : https://t.me/defivest
Author
Forum Username: Ratih999
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2527799
Telegram Username: @Ratih999
BSC Wallet Address: 0x9d1B3f8eD922d8363D6e5fbB1a024e3BC8092755