Introduce:

Each of us, when we want to invest or spend a large amount of money on something, we have high demands on its final results and quality. And for a great result, the management must be extremely tight and always under our control. If you are an electronic market person or your work is related to the electronic market, I am sure that you are well aware of the transparency and clarity of Blockchain. DeFiFarms protocol is taking DeFiFarms technology to the next level, a blockchain specifically dedicated to decentralized finance (DEFI) and non-fungible tokens (NFT) applications, so it also has full features. Advantages of Blockchain, especially manageability and honesty. Besides, it is based on blockchain technology and users can tokenize their tokens with blockchain technology and also trade their tokens securely and transparently in this platform. it also relies on blockchain to deliver its services to all over the world.

DeFi offers wide range of financial products in crypto industry such as trading , lending, farming and more . In this publication, we will be discussing about DeFiFarm platform , a modern DeFi project which combines NFT. DeFiFarm project without doubt is a revolutionary project that focuses on solution . The project is one a kind, it merges DeFi and NFT together in an innovative way. Details how the platform works shall be fully explained at length in this article.

What is DeFiFarms?

DeFiFarms is a new financial ecosystem that combines DeFi and NFT. Through a protocol based on advanced blockchain technology, DeFiFarms creates a unique farming protocol. Their protocol provides flexible options for passive income through NFT-wrapped Profit Cultivation, thereby reducing the risk of intermittent loss and creating a new market for equity capital. are traded through the NFT market. When a user wants to place a bet, their protocol algorithm generates an NFT with a unique ID, which is the key to being able to open staking options and cancel bids, providing a more secure option. without having to have hot wallets for each individual farm group and make it more secure with NFT.

Role of NFT in DeFiFarms

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.
DeFiFarms not only possesses many outstanding advantages over Centralized Exchanges, but also has the potential to bring more attractive profits than current Decentralized Exchanges and Yield Farming platforms.

DeFiFarm’s staking process will be the same as most DEXs today plus a new innovation powered by NFT. By using NFT, DeFiFarms allows stakes to become more dynamic. Instead of stakes fixed in the user’s wallet, it is linked to the attestation document so that the NFT is transferable. Meaning, when you become a Liquidity Provider and reserve your tokens, you not only earn rewards, but also receive NFTs of equal value. This is called NFT Farming.
In other words, DeFiFarms adds a new layer to Liquidity Providers and Yield Farmers earn more by allowing them to “move around” locked values ​​of the Liquidity Providers Token (LP Token).
When you hold a certain amount of DEFIY/BNB liquidity tokens in the DeFiFarms platform, LP tokens are locked in the staking contract, but their value is not superfluous. At the time of staking, the system will generate a new NFT, protecting the digital asset locked inside it.

DeFiFarms Features

DeFiFarms is an Automatic Liquidity Acquisition Yield Farm & AMM that allows users to stake tokens more flexibly. When a user stakes their token on DeFiFarms, the system will automatically generate an NFT token which will wrap the user's stake. Later this NFT token will be the key for users to be able to unlock their stake. Users can easily unstake their tokens by burning these NFT tokens or trading them in the marketplace with other users. But that's not all, there are several other features of DeFiFarms:

Automated Liquidity: For every transfer with DEFIY will be subject to 8% tax. Later, 6% of the tax will be added to the DEFIY-BNB liquidity pool automatically.

Automated Burning: 2% tax of 8% transfer tax of each transfer with DEFIX will be burned to increase the value of the token.

Harvest Lockup: Unique harvest reward mechanism which will limit the frequency of harvesting. This is to keep the platform free from bots.

Anti Whale: The system will prohibit the transfer of more than 0.5% of the total token supply to prevent Whales from playing the DEFIY token price.

Deposit Fee Redistribution: DeFiFarms will charge a 5% deposit fee for each user who first logs into DeFiFarms. Later DeFiFarms will distribute this fee to the holders and a small portion to the dev team.

DEX Trading: a non-custodial trading platform that makes it easy for users to trade crypto.

Merchant Adoption: Massive adoption of merchants will allow the ecosystem of DeFiFarms to develop for the better.
Yield farming: Users can stake LP tokens to get more token rewards.

Staking: Users can stake tokens to get passive income every day.

DeFiFarms Wallet: Digital wallet developed to make transactions easier.

NFTs: DeFiFarms also supports token NFTs for ease of trading and creating NFTs tokens.

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 :

DeFiFarms aims to create a virtual cycle trading environment that benefits point providers as well as point consumers and the affiliates that the DeFiFarms platform participates in by providing point providers with and customers a blockchain-based platform and consumers with sufficient purchasing power will be linked with the related businesses. 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. All in all, customers can move, trade, contribute and share using cryptographically mechanized cash and assets through robotic mechanisms that remove preconditions for users. mediates this drowsiness and excessive. The optimal combination of innovative technologies in the new generation project, I think the project is waiting for success.

Join the DeFiFarms Active Community that i will write down below for more updates.
⦁ Website: https://defifarms.org
⦁ Twitter: https://twitter.com/DeFiFarmNFTs
⦁ Telegram: https://t.me/DefifarmsNFT
⦁https://www.reddit.com/r/DeFiFarms/
⦁ Github: https://github.com/defifarms
Contract : https://bscscan.com/token/0x2307DfB065CF1c9c5bC0f3435b49830C0AB86847

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