Total value locked in the DeFireX project reached the amount of $33,6 million! We appreciate your trust, thanks from the whole team.
We want to share the latest news with you:
DFX Token Farming Week 3 Started!
- 100,000 DFX were distributed among users during the previous 2 weeks of farming (from March 16 to March 30)! This is 1% of the total supply.
- DeFireX is allocating another 44,500 DFX tokens for liquidity providers for the next week (from 30.03 to 06.04)
- The amount of distributed tokens for DFX-BUSD pool and the yield from this pool increased on 25%.
- The amount of DFX for the BUSD and USDT pools is the same as last week (for the BUSD pool — 13,000 DFX, for the USDT pool — 9,000 DFX)
- We updated the DFX staking pool — now the reward from the DFX buyback will be distributed every block, once every 3 seconds, rather than once a day.
— DFX current supple: https://bscscan.com/token/0x74b3abb94e9e1ecc25bd77d6872949b4a9b2aacf
We receive many messages about how to do smth on the platform. So we decided to add more guides on WIKI:
— How to replenish MetaMask wallet
— How to withdraw funds from DeFireX
— How to add a custom token to MetaMask wallet
— How to transfer tokens from Ethereum network to BSC network in MetaMask
— How to replenish the pool and start staking and farming
— How to start DFX-BUSD farming + How to add liquidity to PancakeSwap (LP-CAKE)
— How to Switch MetaMask to Binance Smart Chain
— How to transfer DFX from Ethereum to BSC
We are aiming to provide transparent passive income from farming & staking worldwide. Somebody may say that he hardly believes in such a profit percentage from such a young sphere. Let it be known to you that as you can’t stop the rushing train, you can’t deny progress. So you can only delve into, understand and use it for your personal wellbeing. In simple words young and therefore such profitable DeFi offers new era banking services.
Farming and staking mechanisms are not very difficult to understand. Here we will dig deeper and try to explain how various pools work.
DFX staking pool
The user deposits DFX tokens and receives up to 400% per annum. APY is based on the performance of other DeFireX farming pools. 30% of the total commission income of the pools is transferred to stakers as a reward and is used to maintain liquidity.
DFX / BUSD LP liquidity pool
The user deposits DFX and BUSD in the PancakeSwap liquidity pool and gets LP tokens for that. Then the user deposits LP tokens to the smart contract on the DeFireX platform and earn DFX in reward. The user can deposit DFX in the DFX staking pool, further increasing the number of DFX on the account. This adding another 104% to the user’s base deposit.
BUSD farming pool
The user deposits BUSD for which Venus charges XVS. Then the pool LP Pancake BUSD-BNB is used. The deposit is distributed 70/30, most of it is placed on Venus for additional BNB, the smaller part is combined with the received BNB and entered into the Pancake Swap liquidity pool. Profit is generated from commissions and profitable farming on Pancake (distribution of XVS and CAKE management tokens) and is expressed as follows: LP tokens minus the commission for the exchange for PancakeSwap. Additional interest on the BUSD deposit in Venus is distributed through the DFX token. APY in this farming pool is 80% -160%.
It should be rather clear now about high APY and how to start yield farming.
Stay in touch with our updates: https://t.me/defirex_chat_en
