DeFiFarms -The Best First NFT-enhanced DeFi Yield Farm. Powered by Binance Smart Chain

Good friends, I greet everyone on my Article! Today I will talk about a very exciting DeFi NFTs project. I start discussing a project DeFiFarms and we will also talk in detail about the details of the ICO !So yes! their official website: https://defifarms.org/

About DeFiFarms

Introducing DEFIFARMS, the first NFTs Protocol Powerful Automatic Liquidity Acquisition Yield Farm and AMM decentralized exchange running on Binance Smart Chain with lots of unique and creative features that let you earn and win. It is a Binance chain-based top Automatic Liquidity Acquisition Yield Farm & AMM without any central failure points or programming flaws. The government does not control it and users do not have to face any counterparty risk.

DEFIY and DFTC are the official tokens of DEFIFARMS that enhance farming, staking, earnings, trade settlements, and huge gains across various blockchains. The DEFIFARMS finance will provide an all-inclusive platform that utilizes the power of the Binance chain to bridge all other top ecosystems thereby interconnecting the Defi world.

DeFiFarms Non-Fungible Yearn – A DeFi Platform on Binance Smart Chain

DeFiFarms Non-Fungible Yearn – A DeFi Platform on Binance Smart Chain. DeFiFarms Non-Fungible Yearn or DEFIY is a DeFi NFT protocol for utilizing ERC-721 tokens for Yield Farming on Binance Smart Chain. By using NFT tokens, DeFiFarms allow stakes to be more dynamic! Instead of a stake being tied to a user’s wallet address, it is linked to a transferable NFT.

Manage Your Risk

DeFiFarms Non-Fungible Yearn is a new experimental DeFi protocol. Although the smart contracts have been audited, just like any new experiment, there is risk involved. Before using any features of this protocol, it is advised to make sure you have a full working knowledge of liquidity pools and impermanent loss. APY numbers are variable, and depend on the DEFIY trading platform volume. DEFIY is an experiment in decentralized finance and therefore no returns are guaranteed. APY is based on DEFIY. By using this app, it is an acknowledgement of understanding the risks. Risk only what you are willing or can afford to lose. As rewards from reward vault are disbursed, rewards will be replenished from the fees collected from each transaction of the trading platform. Please realize that these rewards are based on the volume of this platform and the reward vault may be depleted if there in no trading volume on the platform.

Liquidity Locking

You can also lock your LP tokens after providing liquidity on a DEX such as PanCakeSwap. When you stake your DEFIY/BNB liquidity tokens in the DEFIY 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. Your stake will be stored on-chain in the metadata of the token. 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. Of course you can also unstake if you wish. When you unstake, the NFT is burned and staked funds plus unredeemed rewards will be transferred to your wallet.

The Future

NFTs are the New Financial Technology! The potential of NFTs and the ERC-721 standard in DeFi are endless. DEFIY’s goal is to be a pioneer and one of the first to have this potential be seen by the masses. The crypto-sphere moves fast, before anyone knows it NFTs will be implemented in every new DeFi project. Get in now and come along for the ride!

About Token

Roadmap

Team

For more information:

Website:? https://defifarms.org/

Whitepaper:?https://drive.google.com/file/d/16rlbSp4cd_RpGDuPp7VPBpKeGTJ8_yYb/view

Twitter:?https://twitter.com/DeFiFarmsNFTs

Telegram:?https://t.me/DefifarmsNFT

linkedin : https://www.dhirubhai.net/company/defifarms-ltd/

Authorship

Bitcointalk Username: Ankit1999999

Bitcointalk URL:?https://www.altcoinstalks.com/index.php?action=profile;u=9892

My BSC Wallet Address : 0x94e8D80AAd79C35d6c53e97A40c436930e4fF6f2