What is DeFiFarms?


Published: 2021-06-27 17:07:58

DeFiFarms: World’s First DeFi Ecosystem with NFT Protocol Farming on Binance Smart Chain
Join the countdown now! We will launch starting from block #92689999, approximately on Thursday, July 22, 2021 at 20:45:45 GMT+07:00 (Indochina Time).
What is DeFiFarms?
In short, DeFiFarms is bringing to the DeFi table a series of revolutionary solutions focused around ERC-721, The Non-Fungible Token — NFT Standards. DeFiFarm inherits all innovative functions from current Decentralized Finance Platforms such as Decentralized Trading, Swapping using AMM supported by Liquidity Providers and adds new cool functions utilizing NFT.
The native token of DeFiFarms is DEFIY — DeFiFarms non-fungible Yearn, the Governance Token
Below are our most unique features:
AMM powered Trading
DeFiFarms offers a Decentralized Exchange platform that is capable of swapping with the use of an automated market maker (AMM) model. On our AMM-based decentralized exchanges, the traditional order book is replaced by liquidity pools that are pre-funded on-chain for both assets of the trading pair. The liquidity is provided by other users who also earn passive income on their deposits through trading fees based on the percentage of the liquidity pool that they provide. The solution works across different blockchain networks.
Staking, Liquidity Providing

e protocol allows users to stake their various digital assets into different pools to verify transactions, provide liquidity and earn DEFIY, the governance token of DeFiFarms. Our staking process will be the same as any other staking platform plus various new improvements powered by NFT.
✔We fully support CAKE-LP v2 staking.
NFT Farming

By using NFT, DeFiFarms allows stakes to be more dynamic. Instead of a stake being tied to a user’s wallet address, it is linked to a proof of ownership, transferable NFT. Meaning, when you become a Liquidity Provider and stake your tokens, you not only earn rewards but also receive an NFT of equivalent value. This is called NFT Farming.
In detail, DeFiFarms adds a new layer of possibility to Liquidity Providers and Yield Farmers by letting them “move around” locked values of Liquidity Providers Token.
When you stake your DEFIY/BNB liquidity tokens in the DeFiFarms platform, the LP tokens are locked in the staking contract, but the value is not. The protocol will mint an NFT at the time of staking which will wrap the value you have locked in a transferable ERC-721 token, an NFT. Your stake will be stored on-chain in the metadata of this NFT. There’s no need to unstake your locked assets, when you decide you no longer want to be a liquidity provider, you can go on the market and trade that NFT for the market value of the LP tokens along with the accrued rewards.
You can also unstake if you wish. When you unstake, the NFT is burned and staked funds plus unredeemed rewards will be transferred back to your wallet.
Automatic Liquidity
Every transfer made with DEFIY must incur an 8% transfer tax. 6% transfer tax will also be added to the DEFIY-BNB liquidity pool through the contract to automatically and continuously raise the price floor. The liquidity will be locked and inaccessible. Before DeFiFarms is launched on AMM dex, the liquidity will be added on PancakeSwap then on DeFiFarms.
Automated Burning
As mentioned above, each transfer of DEFIY must pay an 8% transfer tax. The 6% transfer tax will be allocated to automatic liquidity acquisition. The other 2% transfer tax will be burned immediately. The whole process is automatic.
Black Hole Address: 0x000000000000000000000000000000000000dEaD
Anti-Whale

To limit Pump and Dump schemes initiated by Whales, transfer of more than 0.15% (current ratio) of the total supply will be rejected. As the total supply grows, this ratio will be reduced.
✔Deposit or withdraw tokens to the farms will not be subject to this restriction.
You can view the max transfer amount on our website: https://defifarms.org
Harvest Lockup
Harvest lockup is a unique and creative farming rewards lockup mechanism created by the DeFiFarms dev team. This mechanism can help us limit the frequency of harvest to prevent farming arbitrage bots from constantly harvesting and dumping.
For example, the harvest lockup of the DEFIY-BUSD farm is 4 hours. It means that farmers who stake in the DEFIY-BUSD farm can only harvest (claim their rewards from farming) every 4 hours.
You can check the harvest lockup on each farm card.
✔To clarify, the harvest lockup only locks users’ farming rewards. The tokens and LP tokens staked in farms can be withdrawn anytime.
Deposit Fee Redistribution
A 5% deposit fee will be charged when users enter staking on DeFiFarms, but unlike other yield farms, DeFiFarms don’t use the deposit fee to buy back and burn. Instead, the platform will redistribute the 4% deposit fee to DEFIY holders to encourage holding.
When users enter the farming on DeFiFarms, a 5% deposit fee will be charged.
⦁ a 1% deposit fee will be sent to the dev team as the development fund.
⦁ a 4% deposit fee will be redistributed to DEFIY holders via Defi Factory
DeFiFactories

DeFi Factories are farming pools that allow DEFIY holders to stake their DEFIY to earn other tokens. Two DeFi Factories (BUSD & BNB) will be created by the dev team after the launch, the 4% deposit fee will be added to these two pools as the rewards for DEFIY staking.
Referral Program
An on-chain referral program has been implemented to incentivize users to invite friends to take part in farming activities. Inviters can earn 1% of his/her friends’ earnings forever.
How to participate in our Referral Program:
⦁ Visit DeFiFarms referral program page: https://DeFiFarms.org/referrals
⦁ Unlock your wallet to get your unique referral link
⦁ Share your referral link with your friends
⦁ Every time your friends get rewards from farms, you will receive referral commissions automatically
⦁ The current referral commission rate is 1%
Lottery
Taking part in the DeFiFarms — DEFIY lottery draw is a way to reward users with DEFIY and help promote DEFIY at the same time.
⦁ Lottery Ticket Fee for 1 ticket: 20 DEFIY
⦁ Single User Lottery Entry Limit: No overall limit, but only 50 tickets can be bought at one time.
⦁ Paying for one ticket will give users a random 4 digit combination with each digit being between 1–9, e.g. “1–9–3–2”
To win the lottery jackpot (50% of the entire lottery pool), users need to match all 4 numbers on their ticket in the same order as the 4 winning numbers.
If you don’t match all 4, no need to worry. As long as you match 2 or more numbers in the correct order, you are guaranteed to win a prize.
Launch
We are launching on Thursday, July 22, 2021 at 20:45:45 GMT+07:00 (Indochina Time)
For more details please visit our website: https://defifarms.org
Who founded DeFiFarms?
An experienced team of data scientists and blockchain and database engineers built DEFIFARMS. They are passionate about improving and scaling blockchain technologies. Cesar Deandres, CEO, and Co-founder is a physicist by training and started his career.
Zackhary Brown, CMO, and Co-founder.
Follow us on Social Media
Website : https://defifarms.org/
Telegram : https://t.me/DeFiFarmsNFT
Githud : https://github.com/defifarms
✅Contract: https://bscscan.com/token/0x2307DfB065CF1c9c5bC0f3435b49830C0AB86847