Introduce:

These days, we often hear about the DeFi protocol, which is a protocol that takes blockchain features to another level. DeFi is a more reliable protocol to use in financial cases. DeFi features can maximize returns from crypto investors and enthusiasts such as swaps, staking and lending. Not stopping there, Defi is doing its best to race with the development of the cryptocurrency market. Typically, in recent times, DeFi has partnered with NFT to create a blockchain that can help improve its applications, DeFiFarms. DeFiFarms wants to innovate in presenting a DeFi platform powered by the NFT protocol. The solution provided by DeFiFarms is an automated liquidity procurement Farm & AMM platform that allows for more flexible equity tokens and is linked to a transferable NFT.

DeFiFarms provides users with a DeFi platform that allows the transfer of shares just like any other token. This way allows users to bet more flexibly.

While cryptocurrencies have attracted billions of dollars in investments, decentralized financial services are lagging. When it comes to investing in cryptocurrencies, crypto investors can buy and sell, but that's all. Early efforts to create peer-to-peer lending and asset tokenization have so far proven partial and unreliable, so investors have a lot of limited options when it comes to investing in asset. their crypto assets. The potential is huge to offer financial services in cryptocurrencies, the same way they are offered in fiat.

So what is Defi and what features of Defi contribute to the development of DeFiFarms?
Defi simply understands that a decentralized financial system is operated on a decentralized network. It bypasses some intermediary institutions and regulations, and thus makes it easier and more efficient for financial products to develop in the cryptocurrency market. For DeFiFarms to develop effectively, Defi also plays a big part.

Firstly, non-custodial financial services allow participants to have full control over their funds at any time.

Second, DeFi's permissionless nature allows anyone to interact with financial services without having access censored or blocked by third parties.

Third, DeFi is publicly verifiable, which means anyone can check the state or protocols - for example, they're completely collateralized/sane.

Fourth, financial services can be arbitrarily created so that new financial products and services can be created similar to how one can form new Lego models based on a few basic building blocks.

DeFi has grown rapidly, from around $600 million in total value locked (TVL) in early 2020 to over $42 billion in February 2021, with the most capitalized use cases being for loans in the world. mortgages, which account for about 48% of TVL, and decentralized exchanges (DEX), which account for about 34% of TVL as of January 2021. In turn, this increase leads to 24-hour volume on the exchange. Decentralized crypto-asset translation, The first time to surpass large centralized crypto-asset trading volume.

The main problems that Blockchain is facing

As everyone knows, trading is one of the important elements of the cryptocurrency market. When starting to choose an investment, every investor must carefully consider the transaction issue. High transaction fees and congestion in transactions are problems encountered in most crypto projects. And DeFiFarms is no exception because newly launched, the number of customers pouring into investment is increasing rapidly every day.
Besides, the smart contract is the place that provides the terms of service and agreement between the parties. If there is the slightest mistake in the code of a smart contract, it can cause billions of dollars in damage. Because Insurance protects investors in the event of hacking or other fraudulent activities.
In order to limit risks and overcome remaining problems, DeFiFarms has come up with a number of solutions such as Automated Liquidity: For each transfer by DEFIY will be subject to 8% tax. After that, 6% tax will be automatically added to DEFIY-BNB liquidity pool.
Automatic Burning: 2% transfer tax 8% of each transfer in DEFIX will be burned to increase the value of the token.
Harvest Key: Unique harvest reward mechanism that will limit the frequency of harvesting. This is to keep the platform free of bots.
Anti Whale: The system will prohibit the transfer of more than 0.5% of the total token supply to prevent Whale from playing DEFIY token prices.
Redistribution of Margin Fees: DeFiFarms will charge a 5% margin fee for each user who first logs in to DeFiFarms. DeFiFarms will then distribute this fee to the holders and a small portion to the development team.
DEX Trading: an unattended trading platform that makes it easy for users to trade cryptocurrencies.
Merchant Acceptance: Widespread merchant acceptance will allow the DeFiFarms ecosystem to grow better.
Raise Profits: Users can stake LP tokens to get more token rewards.
Staking: Users can stake tokens for passive income every day.
DeFiFarms Wallet: A digital wallet developed to make transactions easier.
NFTs: DeFiFarms also supports NFTs tokens for easy trading and creation of NFTs tokens.

DeFiFarms: DeFi Solution Combined with NFT

DeFiFarms (DeFiY) is the first decentralized finance project to use the ERC-721 standard token for yield farming on Binance Smart Chain. It is rated as an advanced model of DeFi staking. Instead of being tied to a fixed wallet address, the Non-Fungible Token (NFT) stakes are transferable.
With DeFiFarms, users can forget about having to create a hot wallet to stake and receive rewards. DeFiFarms staking protocol offers a unique NFT for each stake so you can safely store it in a more secure wallet, burn to unstake or sell on DeFiFarms marketplace.
“We believe that NFTs are the new financial technology. The potential of NFTs and the ERC-721 standard in DeFi are endless. DEFIY’s goal is to be a pioneer and one of the first to have the masses see this potential,” developer DeFiFarms explained in a document. “The crypto-sphere moves fast. Before anyone knows it, NFTs will be implemented in every new DeFi project”.

These advantages make DeFiFarms a haven for entrepreneurs looking for a financial system that is not tied to any government or corporation.
DeFiFarms is expected to go into operation on July 22, 2021, officially. The DeFiFarms developer will then apply for listings on Coinmarketcap, Coingecko, DappRadar, BscScan, etc.

TEAM

#End

Today DeFi protocol is more and more widely used and popular. This protocol is booming after the birth of DeFiFarms and it has been successful in attracting many investors and crypto enthusiasts who can invest and participate in their platform, such as swaps. . , borrow and lend, etc. This is what crypto enthusiasts have been waiting for, an opportunity for them to maximize their profits in the crypto market easily and safely.
DeFiFarms has just launched, and it's natural to run into some lingering issues. Knowing that difficulty, DeFiFarms is always trying and working hard to solve these problems and aim to make the DeFi ecosystem better, faster, cheaper, anytime and anywhere with the help of Binance SmartChain. DeFiFarms always welcome crypto investors and developers can join DeFiFarms for a better ecosystem.

Официальные ссылки

🌏 WEBSITE - https://defifarms.org/
🕊 TWITTER - https://twitter.com/DeFiFarmsNFTs
📧 TELEGRAM - https://t.me/DefifarmsNFT
⚫️ LINKEDIN - https://www.linkedin.com/company/defi...
📝 MEDIUM - https://defifarmsnfts.medium.com/
📖 GITHUB - https://github.com/defifarms

My BitcoinTalk Username - Hitlemaza
My BitcoinTalk profile link - https://bitcointalk.org/index.php?action=profile;u=2785637
My wallet : 0x12e3F17b5330fE15af9bcE8E4c54971DEbD518A7