Hi guys, it's been a long time since I've had inspiration, today I've found the light of my success. One company that I have been looking for a long time, one with a very unique ecosystem is DeFiFarms.

DeFiFarms, its key technology, is highly secure and was developed with the mission of delivering high returns from in-chain NFT development. It is a project that brings together global developers, crypto enthusiasts and global social media investors with the goal of building blockchain technology together. DeFiFarms is the first protocol to develop NFT on the Binance smart chain to make yield farming more secure and resilient by creating the first transferable stake.

About DefiFarms

DefiFarms is a decentralized financial initiative built on the Binance smart chain, the world's fastest growing chain. The DefiFarms project is designed to conquer the DeFi space by expanding on its already amazing capabilities and leveraging the flexibility of blockchain technology to make DefiFarm interoperable across various chains, thereby covering the huge populous of the burgeoning DeFi sector without limitations. DefiFarms also has a non-fungible tokens (NFTs) protocol, which allows DefiFarms users to trade NFTs and stake with Defifarms tokens and their NFTs.

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

• DeFiFarm and team have developed an Inflation Protection Mechanism to prevent this from happening. Every transaction that accounts for 0.5% of the total supply is rejected. This means they cannot sell 0.5% worth of tokens at a time, and selling their tokens in multiple transactions will collect 5% tax on each transaction, which benefits the holders. token ownership.

• DeFiFarms allows NFT stakes to be movable. Offering liquidity on DeFiFarms allows users to instantly convert assets into NFTs after staking them. They can also get their staking rewards in NFT which can be sold directly on the platform marketplace. The users of this platform do not need to create a hot wallet to stake and receive their rewards as the staking protocol selects unique NFTs for each stake to allow users to be kept in a very secure wallet. , the protocol allows to burn these NFTs to get rid of them or sell them directly on the DeFiFarm marketplace. NFTs are a new financial instrument with limitless potential

• Staking
  Staking is one of the earliest forms of incentivizing behavior. Users delegate their tokens to be locked away for a set length of time in exchange for a profit return on the staked tokens throughout that period. The staked tokens on the DefiFarms protocols assist protect the network by allowing the staked user to validate network transactions using their delegated token. In layman's terms, users locked the token away in a process known as staking, emphasizing a long-term commitment to the project, becoming a shareholder, and receiving a part of the project's produced revenue during the staking period.

<h1<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.

In a nutshell DeFiFarm allows users to stake their digital assets to earn DEFIY tokens. The DEFIY staking process is equivalent to that of a regular DeFi token. On DeFiFarm platform whenever a user stakes DEFIY tokens, they automatically mint NFT where details of user deposit are stored in NFT's unique token id. One interesting benefit of using NFT is the opportunity to be able to transfer an ERC-721 token with a stake token wrapped around it. In this case, without removing assets for withdrawal, users will be able to sell minted NFTs in the DeFiFarm marketplace.

Click for More:
Website: https://defifarms.org/
Twitter: https://twitter.com/DeFiFarmsNFTs
Telegram: https://t.me/DefifarmsNFT
Linkedin: https://www.linkedin.com/company/defifarms-ltd/
Medium: https://defifarmsnfts.medium.com/
GitHub: https://github.com/defifarms

Author:
Bitcointalk Name: MiraMiraMira
Profile Link: https://bitcointalk.org/index.php?action=profile;u=2668950
Telegram: @Maker9999
Bsc Wallet: 0x37c0B28f604521396FB3F8f9c4dCD5c03732a7F6