Early blockchain networks were only supposed to reach consensus upon re-storage, redundancy, and rampant re-execution of updated computations. It is this factor that has led to the need for a working platform that can eliminate any challenge to efficient computation.

The current need of blockchain computing is to create a network that guarantees scalability of any kind of computation. It should also be noted that the scalability of blockchain platforms and networks is part of the reason why more robust consensus solutions can be developed. The introduction of DeFiFarms Protocol assumes market needs and complies with the requirements of a fully scalable environment. Here are some features that make it one of the best blockchain networks you will ever come across.

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 .

Automated Market Maker (AMM) Of DefiFarms

In the ever-expanding crypto industry, trading cryptocurrencies on exchanges appears to be a lucrative piece of business. For crypto users (like myself), purchasing cryptocurrencies such as Bitcoin, Litecoin, Ethereum, DEFIY, and other altcoins is one thing, but selling them on exchanges is quite another. The primary purpose of crypto users acquiring altcoins is to maximize return on investment by trading them. DefiFarms will offer an AMM model to allow for the rapid exchange of DEFIY tokens for other assets.

DefiFarms Wallet

This wallet enables the storing of cross-chain assets, which aids DefiFarms in dominating the DeFi market across all chains.

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

Roadmap Of DefiFarms

Q2 2021
Deploy Contracts
Build Website
Launch Presale

Q3 2021
Launch Platform
IDO/Liquidity Pool
Exchange Listings

Q4 2021
Partnerships
NFT Art
Governance

Q1 2022
Updating

TEAM

Conclude :

It is not surprising that DeFiFarms Protocol is a place where participants must have a good level of knowledge and extend to entire large regions of the world.

However, as the main role of the current DeFiFarms Protocol will change the blockchain-based financial industry, it will likely play a larger role in the future of global economies. Diversity helps decision-making, and DeFiFarms could have avoided a lot of controversy over development if the current financial system had been fairer and more open from the start.

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 : Jangmi
Bitcointalk Profile url : https://bitcointalk.org/index.php?action=profile;u=2754224
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