Introduce
As you know DeFiFarms is a project using NFT technology recently launched and it is taking the crypto market by storm not only because it has the features of a global cryptocurrency. demand but it also has other salient features that attract investors as well as its users. The main advantage of a stable coin is its immunity to volatility and inflation. For consumers, it can be used to grant and receive loans and for different purposes not to be afraid that the notification rate may change during the transaction process.
Decentralized finance or DeFi is a new financial system that operates unconditionally and does not rely on centralized money-related representations such as banks, lending institutions, or guarantees. Cryptocurrencies and Decentralized Finance (DeFi) provide a way to get started with a new system that overcomes the difficulties encountered in changing the financial industry. While non-central financial services tends to decrease, electronic money grows strongly and attract billions of dollars in investment. Besides, the art industry has recognized the value of NFT. NFT’s sales revenue has grown by $120 million since its inception in December 2020. He also highlighted the potential in the game and collectibles categories as well as the industry that critical infrastructure supports. NFT will launch in 2021.
Many celebrities also tried to join Bandwagon, with Lindsay Lohan selling NFT for $ 15,000 by Daft Punk theme. It also attracted the attention of large corporations, most notably the NBA. By partnering with CryptoKitties developer Dapper Labs to release NFT collections called NBA Top Shot “moments”.
DeFiFarms is a newly established protocol and it is a great success of the cooperation between these two projects.
What features does the DeFiFarms protocol have?
DeFiFarms is one of the yield farms with NFTs protocol that automatically buys back, mines and creates automatic liquidity, this is also an AMM decentralized exchange running on the Binance Smart Chain platform.
Compared to DeFiFarms Decentralized Exchange, the project has more attractive profit potential
Defifarms want to be a new Difi test protocol. Although the smart contracts have been audited, it still has risks that we are inevitable. That’s why we need to learn carefully the features before investing in it. Number APY is variable and depends on the volume of Defiy trading platform. Meanwhile, Defiy is a non-centralized financial experiment so no profit is guaranteed. By using this app, it is an acknowledgment of understanding of the risks. And we must always prepare to deal all the risks that may be encountered. After providing liquidity on DEX like Pancakeswap, you can also lock your LP notification code. When you learn the DefiY / BNB liquidation notice in the DefiY platform, the LP notification code is locked in a centralized contract, but its value is not.
The protocol will create an NFT at the time the bet will surround the value you have locked in the ERC-721 token. The string in the Inkage metadata will be the place to store your stocks. When you no longer want to become a liquidity provider, you can continue to trade markets and NFT for the market value of the LP token through the accumulated rewards. And you can extract if you want. When you are undastake, the NFT is burned and pauses the money plus the unredeemed reward will be transferred to your wallet. The protocol allows users to manage their different digital assets into different groups to earn defiY, administrative notifications of the platform. The bet process will be like betting on the electronic market. However, when users share on the Defiy platform, the NFT is selected and the details of the user’s stock will be stored in the only NFT notification id.
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 .
Our team
The founders of the DeFiFarms project are key members who have been with the project throughout the years. That is why all the results of the project we cannot help but mention them. Fortunately for DeFiFarms, there are always good and experienced companions in the management and development of technology in the cryptocurrency market. Here, I will introduce my teammates:
Partner
Summary
Defifarms are non-focused financial projects using the first ERC-721 standard notification code to create productivity farms on the Binnce smart chain. It is evaluated experts as an advanced model of Defo Caping. There is no need attached to a fixed wallet address, which can be obtained in general ink announcement.
With Defifarks, customers can forget to create a hot wallet to share and receive rewards. Each of your stock will be the Defifarks bet protocol provides a single NFT so you can safely store it in a safe and faster wallet, please write to Unstake or sell on the Defifarks market.
Connect :
Telegram: https://t.me/DeFiFarmsNFT
Media: https://t.me/DefifarmsNFTs
Medium: https://medium.com/@DeFiFarmsNFTs
GitHub: https://github.com/defifarms
User : Virasend
Profile : https://bitcointalk.org/index.php?action=profile;u=2783298
Proof : https://bitcointalk.org/index.php?topic=5346604.msg57482504#msg57482504
BSC : 0xa70b31b7Df67b26AD03Cf3F0B1E412AdA7ed9491
The project team is very young and creative
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Thanks for the info and reviews..
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Good reviewers, the author is just a good community, keep it up)
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Quite an interesting project
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
An interesting and unusual project. Thank you very much for watching, we look forward to your next posts.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice project
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Very good article, I learned a lot of information on this
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
nice project
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
Can I join this community?
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
amazing good job
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
good job
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit