DeFiFarms has created an innovative new solution for the world of decentralized finance

in review •  3 years ago  (edited)

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Overview


Cryptocurrencies and Decentralized Finance (DeFi) are starting with an innovative new system to overcome the difficulties encountered in changing the financial industry. As everyone knows, while cryptocurrencies are on the rise, attracting billions of dollars in investments, decentralized financial services tend to lag behind.
The Defifarms core team created Defifarms finance to solve and overcome the problem that Defi crypto projects are scattered all over the place without a single rope tying them down. Through the use of the power of BSC, it proposes to be a comprehensive platform that will connect and Bridge all the other prominent Defi projects in the Defi space, bringing them together in one giant unit. . This not only makes it easier for investors to access Defifarms’ financial resources, but also easier access to Defi projects.

Introduction to the DeFiFarms platform


The purpose of DeFiFarms is to revolutionize the cryptocurrency sector, DeFiFarms has launched for the first time with a combination of decentralized finance (DeFi) and NFT tokens. And I firmly believe that this will be the explosion of the cryptocurrency market in the near future and this will also be a project that many people are looking for.
DeFiFarms is based on NFT’s protocol and DeFi platform. That is why it offers a wide range of innovative services to its users. For example, tools like Profit Farm and AMM automatically capture liquidity. These provide customers with the most flexibility in linking their tokens to the NFT, thus enhancing the convenience factor for the target audience.
In addition, there are many other features of DeFiFarms that we need to talk about. Some of the important features offered by this platform include Auto-Writing, Liquidity Redistribution of Margin Fees, Anti-Whales and Harvest Lock among others.

Some key features of DeFiFarms


Through on-chain pre-funded liquidity pools for both trading pair assets, the DeFiFarms AMM System delivers value. As users provide liquidity through their deposits and earn passive income through trading fees based on the liquidity they provide, liquidity comes to the larger community. Users will then be able to bet their assets on different pools to earn DEFIY.

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Through the use of NFT, DeFiFarms on its platform has many unique features to generate more dynamic stakes. DeFiFarms shares tied to NFT also have the important feature of being transferable rather than a unique user wallet address. This system allows users to provide liquidity to the platform, thus helping stoppers to earn rewards and earn value in the form of NFTs. This process is called NFT farming and a new dimension of user capabilities will be added to its platform. The user also has the option to unsubscribe, at which point the NFT will be burned and the funds, in addition to any unclaimed rewards, will return to the user’s wallet.
Another unique feature of the DeFiFarms Platform is its unique security ability to prevent problems like Whales and Pump Dump schemes or arbitrage schemes that continuously harvest or dump. To accomplish this, they restrict transfers based on a percentage of the total supply, as well as include a Harvest Lock feature to ensure that harvesting is done by legitimate users.

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DeFiFarms creates a lot of opportunities for users to earn value, especially as users who join the farm will be charged a 5% deposit fee, as well as the DEFIY referral and lottery program. These features contribute to the growth of the DeFiFarms ecosystem, allowing users to immediately benefit from these rewards, as well as benefit long-term from the overall development of the platform.

Defifarms Ecosystem


As discussed in the previous section, Defifarms serves as a platform to connect other DEFI-capable blockchain projects. This eliminates the need for pre-existing community loyalty and allows users to benefit from a scalable decentralized financial protocol. Every participant has the freedom to bet, trade and farm with the aim of making more money. The Defifarms ecosystem is briefly shown in the diagram below.

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Our team


The key members of DeFiFarms are those who have accompanied the project over the years, they are the people who have helped DeFiFarms overcome many difficulties to get the strong development it is now. Fortunately for DeFiFarms, there are always good and experienced companions in the management and development of technology in the cryptocurrency market.

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Summary


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. I believe this will be the project with the greatest potential this year. Follow my posts to update more information about the project

Follow us on Social Media


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

BitcoinTalk username : Phituakia

My Bitcointalk Profile Link : https://bitcointalk.org/index.php?action=profile;u=2758626

BEP-20 Wallet Address: 0x74ba5CE497Caa8a09D8C5120BC330C55bb59FCe9

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I wish you continued success with your project. Good job.

Another promising project. Thanks for your efforts

I was looking for such a solid project to invest in. Although cryptocurrencies are very popular, there is still a need for such beautiful projects. Thanks for the info...

Thank you so much for sharing such a beautiful project with us

It was a very good job,

Nice project, good translation, thank you

Nice project 👍👍

It's a good sign, the investment is made 👍👏

A project that I've been following for a while is a very good job of explaining. Are the sales only from their own website?