DeFiFarms , Proffer a Solution that integrates Decentralized Finance (DeFi) and Non Fungible token (NFTs) using innovative model

General Presentation

Combining Yield farming and NFTs is not a common concepts in Crypto industry . This concepts is quite revolutionary and problem solving . It solves problems in transaction security and gives better options for investors. Today, i will be sharing good news about DeFiFarms project, a revolutionary DeFi platform which i feel will make huge positive impacts in crypto space. DeFiFarms combines the features of Decentralized Yield Farming and Non Fungible Tokens (NFTs) . Am quite sure most of us are familiar with Yield Farming , a process of providing liquidity and earning from trading fees in AMM dex. Yield farming is not a new thing in DeFi space as we all know. I will talk briefly on NFTs for the sake of those who are just hearing it for the first time. Non Fungible Token (NFTs) is referred to a Cryptographic items in different forms. It could be digital art, music , game card ,artworks some valuable items in digital form and more. These class of token have unique identity and a single ownership . To buy them , their ownership are being transferred to the buyer . DeFi Farm combines the feature of NFTs protocol auto Liquidity YieldFarm and the Automated Market Making (AMM) Dex Platform running on Binance Smart chain network.

About DeFiFarms

DeFiFarms solution integrate Decentralized Finance (DeFi) and Non Fungible token (NFTs) using innovative model . DeFiFarms is the world first DeFi project that will implements ERC721 Token Standard for its yield Farming on BSC network . It implored advance model of staking in DeFi . Unlike the regular DeFi staking system where users stake directly from their hot wallet . DeFiFarms allows NFTs stakes to be movable . Providing liquidity on DeFiFarms allows users assets converted immediately to NFTs after staking them . They can as well receive their staking rewards in NFTs as well which can be sold in the platform market directly.

Users of the platform dont need to create hot wallet for staking and receiving their rewards since the staking protocol gives unique NFTs for every stake to allow users to kept in a very secured wallet , the protocol allows burning of these NFTs to unstake them or selling them directly on DeFiFarm marketplace. NFTs is a new Financial instruments with unlimited potential

How does Staking on DeFiFarms Works?

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 .

Features of DeFiFarm that makes it stand out

(a) Harvest Lockup : This is a technique devised by the project to prevent massive harvesting and sell off . The mechanism detect and prevent some farming bots from harvesting and dumping in the ecosystem . To solve this problem of massive harvest and dumps the harvest lock up allows harvest to remain locked for a particular period of time till it reach maturity to harvest. All harvested rewards will be sold but it has a time limit based on the period they harvest.

(b) Anti Whale Mechanism : At early stage of DeFi , low scale investors suffers too much from the cruelty of selfish whales. Them small scale investors are just like prey to the Large scale investors. The large scale investors buys token in larger quantity in private Sales and Dump their token massively on small scale investors who bought at high price in public sale or after listing . To prevent this from happening in DeFiFarm platform , the team has developed Anti-Whale Mechanism to prevent this occurrence . Every transactions which is up to 0.5% of the total supply are rejected. This means they cant sell tokens worth 0.5% at a time and selling their tokens in multiple trades attracts a tax of 5% per trade which is beneficial to the token holders.

(c) NFTs Rewards for Staking : DeFiFarms allows NFTs stakes to be moveable . Providing liquidity on DeFiFarms allows users assets converted immidiately to NFTs after staking them . They can as well receive their staking rewards in NFT which can be sold in the platform market directly. Users of the platform dont need to create hot wallet for staking and receiving their rewards since the staking protocol gtives unique NFTs for every stake to allow users to be kept in a very secured wallet , the protocol allows burning of these NFTs to unstake them or selling them directly on DeFiFarm marketplace. NFTs is a new Financial instruments with unlimited potential

Conclusion

DeFiFarms is the latest DeFi project with high potential of success . It will without doubt attract large numbers of investors due to its uniqueness and reliability .DeFiFarms is the world first DeFi project that will implements ERC721 Token Standard for its yield Farming on BSC network . It implements advance staking model to solves problems . Users of the platform will be able to conduct Yield Farming, Farm NFTs, earn various types of tokens and exchange their tokens and NFts on tjhe platform . Sales of DeFiY token is ongoing . Dont miss out.

Follow our Project to learn more

Website : https://defifarms.org/
Whitepaper: https://drive.google.com/file/d/16rlbSp4cd_RpGDuPp7VPBpKeGTJ8_yYb/view?usp=sharing
Telegram : https://t.me/DeFiFarmsNFT
Media : https://t.me/DefifarmsNFTs
Twitter : https://twitter.com/DeFiFarmsNFTs
Medium : https://medium.com/@DeFiFarmsNFTs
Githud : https://github.com/defifarms

Publisher details
Bitcointalk Username : Gurumal
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=2822423
BSC : 0xAf1E2f293D9d7130dbD8Dbb732c1437fd9869796