General introduction

The global cryptocurrency industry has witnessed a high rate of growth since the emergence of Decentralized Finance (DeFi) technology. This industry has massively attracted a large number of investors around the world. NFTs is another financial technology born from DeFi. DeFi and NFT are related, this means that they are implemented in the DeFi project.

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.

The DeFiFarms protocol was the first non-fungible protocol to introduce the concept of stock trading over NFT, making it unique. Based on the ERC-721 protocol distributed on the public Binance Smart Chain, it provides a safer, faster and cheaper transaction process. ... Users can sell their unique NFTs for rewards in the market or go through a staking process to burn their NFTs for a more flexible process. Everyone's rates will be stored in the metadata that exists in each shared asset on the network, allowing rewards to be accrued in real time and transparently. This also minimizes damage from market volatility and simplifies the exchange process without the need to encapsulate protocol swaps.https://defifarms.org/documents/Defifarms_Whitepaper.pdf

What is DEFIY token?

DEFIY is the native currency that will be used in the DeFiFarms ecosystem. This token serves as the main service engine and is based on blockchain technology distributed on the public Binance Smart Chain. Holders can use this token to access various functions in their ecosystem, such as swap, staking, farming, trading, etc. DEFIY can also be used in AMMs developed by DeFiFarms, as well as in incentive programs offered to holders. Each transfer will also be deducted around 8%, with each tax automatically added to the debit and liquidity pool. Their team has also prepared a DEFIY part for liquidity, which helps to maintain the value of the token in addition to the growing demand factor, creating a healthy and profitable token.

DeFi's Development

One of the innovations in the blockchain market that has attracted attention in recent years is undoubtedly DeFi, where it introduces a new and more secure and transparent banking system that allows banking financial processes to take place. Complex traditional goods are made using blockchain technology. The DeFi market itself is already over $30 billion in size, and on the other hand, the NFT market is also growing and still new to explore its potential, DeFiFarms is integrating DeFi and NFT into one ecosystem. , providing a more cross-functional and transparent banking ecosystem. a more efficient and effective system.

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 .

DefiY Tokenomics Info
● Protocol: BEP20

● Name: DeFiFarms Non-Fungible Yearn

● Symbol: DEFIY

● Max Supply: 100,000,000

● Seed (8%): 8,000,000

● Private (15%): 15,000,000

● Public (1%): 1,000,000

● Farming/staking/reward (18%): 18,000,000

● Marketing (12%): 12,000,000

● Liquidity (15%): 15,000,000

● Ecosystem (11%): 11,000,000

● Team (15%): 15,000,000

● Advisor & Partnership (5%): 5,000,000

ROADMAP

Q.2 2021
Deploy Contracts
Build Website
Launch Presale

Q.3 2021
Launch Platform
IDO/Liquidity Pool
Exchange Listings

Q.4 2021
Partnerships
NFT Art
Governance

Q.1 2022
Updating

Meet The Expert People Behind DeFiY Project.

DeFiY Ecosystem Partners and Featured.

Conclude :

With my little experience on the project, I can assure you one thing, DeFiFarms Protocol is a completely trustworthy project. They have an extremely experienced team in project development. In a private funding round , they were invested by large companies with the amount of 160,000 $ . This is a great success of the project.

Above, I have listed only the most important details of the project. In the near future, DeFiFarms Protocol will grow a lot for the community and future developers. Follow the project

seemore:
https://defifarms.org/
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

Author:
Bitcointalk: Choosename
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PoA: https://bitcointalk.org/index.php?topic=5346604.msg57485845#msg57485845