DeFiFarms, World First NFT improved DeFi Yield Farm Protocol

General Introduction

The global crypto industry has witnessed high growth rate ever since the emergence of Decentralized Finance (DeFi) technology . The industry has massively attracted large number of investors all over the world . NFTs is another financial technology born out of DeFi .DeFi and NFTs are interrelated , this means they are implements in DeFi project . Before i go to the main topic of discussion, i will like to briefly explain about NFTs . NFTs full meaning is Non Fungible Token . NFTs is different from the conventional cryptocurencies because of their Non Fungible nature. Non Fungible token are Digital assets with a unique identity through powered and issued on blockchain network . NFTs being issued on blockchain is the only similarity it has with Fungible Crypto token . NFTs have a single owner with unique identity on blockchain network . If NFTs belong to me , no one in this world will have such NFT again unless i have sold and transferred the ownership of the asset to that person . NFTs are in form of Digital items such as digital arts, Game Card, Music and many more . NFTs is the latest financial technology with high and endless potential . In this article, i will be discussing about DeFiFarms a blockchain based NFTs platform based on Binance Smart Chain . DeFiFarms implements DEFIY Non Fungble token for dynamic staking , Instad of staking it and tying it to users wallet , its directly linked to transferable NFTs .

About DeFiFarms Platform

DeFiFarm Non Fungible Yearn is completely a new discovery , an entirely new DeFi project with a well audited smart contract. The platform offers varieties of DeFi products such as Liquidity provision (LP), Staking and many more . Rewards paid to the investors are generated from the fees collected in every transaction in the trading platform . Rewards are favorable if trading volume is huge and lesser if trading volume is lower. Users are lock their LP tokens after providing liquidity on DEX . Providing liquidity means your tokens are locked not your value . Users will be able to provide liquidity in DEFIY/BNB to earn more profit in the platform . Users can also unstake or remove their liquidity at their own will anytime.
DeFiFarm allows users to stake their digital assets to earn DEFIY token . The proccess of staking DEFIY is equivalent to that of regular DeFi token . On DeFiFarm platform whenever user stakes DEFIY token , they automatically minting NFT in which the details of the users stake are store in the NFTs unique token id . An interesting benefits of using NFT is the opportunity of being able to transfer ERC-721 token with staked token wrapped around it . In this case, no need to unstake assets to cash out, users will be able to sell the minted NFT in DeFiFarm marketplace.

TRANSACTING IN DeFiFarms Ecosystem

DeFIFarm does not require transaction fees in the transaction of DEFIY or the NFT . It only require a little amount when using trading platform . NFTs cant be tokenized or broken down , this simply means fees will only be taken from the staked value of NFT , hence allowing fees to be taken out from DEFIY before each trade . Below are the breakdown of the fee structure :
5% fee are taken from DeFiYearn token while 90% goes to the reward vault and the rest 10% will go to DAO .

DeFiFarms (DEFIY)whitelisting is live!!

Currently , Private Sale whitelisting of token is live ,Interested investors can register on time while the whitelist lottery is live .

Conclusion
DeFIFARMS offers secured and unique NFTs Staking Platform which allows users to stake and earn without any need for hot wallet . The technology uses NFTs to wrap their stake which allows users to burn to unstake or sell them through their marketplace .This is a brilliant innovation with high tendency of growth and adoption. Join the private sale whitelist now . $DEFIY #DefiFarms #DeFiFarmsNFT #NFTs

Official Resources
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

Authorship
Bitcointalk username : beleful
Bitcointalk user profile url : https://bitcointalk.org/index.php?action=profile;u=2693998
BSC address: 0x69776E601226eaf07d8A5455eEb53eC63A2db8DE