DeFiFarms, An Innovative DeFi Ecosystem that combines DeFi and NFTs

Introduction

Decentralized Finance also known as DeFi is growing at faster speed due to the high level of adoption . DeFi is a financial technology that leverages blockhain technology and smart contract technoogy to distribute financial products in a decentralized manner and which remove entrance barriers. DeFi has created a boarderless financial system with no limitation of entrance or usage. The technology also promote financial inclusion globally , hence allowing the unabanked gaining access to varieties of financial products in a deentralized setup. DeFi without dount is the next trend in Cryptocurrency industry .

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.

DeFiFarms Ecosystem overview

DeFiFarm has been designed to offer wide range of DeFi products and NFTs as well. It combine DeFi into NFTs is an innovative way . It is a DeFi project that uses ERC-721 token for yield farming on BSC network . The staking model adopted is very advance . It enables NFTs TOKEN transferable instead of it getting tied on a fixed wallet address . The platform removes the need for users to create a hot wallet to stake and receive their rewards, the staking protocol allows users to earn NFT for each stake which can be stored in a secure wallet . The NFTs earned can be sold directly in DeFiFarm marketplace or burned if unstaked .The platform allows owners of DeFIY token who staked/ Provide liquidity earned NFTs . These NFTs rewards can be directly sold in the platform marketplace . The moment DeFiy token are staked , the platform gives automatically equivalent of NFTs which can be sold directly based on the market value of staked assets . $DEFIY #DefiFarms #DeFiFarmsNFT #NFTs

A deposit fee of 5% is required when staking in DeFiFarms platform out of which 1% are desposited into the development fund and the rest funds (4%) is distributed to DeFIY holders via DeFi factory . This simply means holding DeFIY token guarantees passive income . Users dont have to lift a finger , your money will be working for you even when you are sleeping . DeFiFarm also support Yield Farming which is

DeFi Factory ,it is a farming pool which allows staking of DEFIY so as to earn other types of cryptocurrencies. DeFiFarms will open to pairs of LPs as the time of launch i.e DEFIY/BUSD , DEFIY/NBN respectively . The deposit fees of 4% will be applicable to these 2 farming pools . Another fantastic features of DeFiFarms is the

HARVEST LOCKUP protocol which limit the rate of harvest in the DeFi Factory . This mechanims will detect and prevent bot harvesting and dumping to ensure smooth running of the platform . The harvest lock up only restrict harvest for a certain period of time , this means users will be able to claim their rewards as at when due .

AntiWhale is another mechanims deplyed by DeFiFarm to limit the activities of malicious whales investors. In this case, any transaction that is up to 0.5% of the total supply are automatically rejected in DeFiFarm platform . This will ensure sustainability and smooth running of the platform which will benefit the small scale and medium scale investors.

Conclusion,
DeFiFarms is a very huge and lucrative DeFi/NFTs platform . The platform offers varieties of DeFi products which allows users to earn without limit. Refferal project is also supported , this will allow users earn refferal rewards through every investors they invited via their refferal links in the platform. DeFiFarm will be fully launched by July 22,2021.You can participate in the sales and enjoy early bird benefits.

To learn more , check the links below

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
Smart Contract : https://bscscan.com/token/0x2307DfB065CF1c9c5bC0f3435b49830C0AB86847

Authorship
Bitcointalk username :koremodupe
Bitcointalk profile url: https://bitcointalk.org/index.php?action=profile;u=2681359
bsc address: 0x92d259F369B02eF1d625C3F3bDc2F6b06A8BE272