New farming mechanism with a yield of 60–180%

DeFireX
2 min readMar 15, 2021

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How the new farming mechanic with an increased interest rate works

The advantage of the DeFireX platform is that the project brings together the leading platforms in BSC, which have already proven their productivity and have a large amount of liquidity.

As a rule, the largest pools are used in farming, one of which is the Venus landing platform, and the second is the Pancake platform. This provides a higher and more reliable way to generate income in stable tokens.

How does this work?

The deposit is split 70/30. 70% of the initial deposit is placed on the landing platform in which the crypto asset is engaged and is combined with the initial 30% for subsequent placement in the pool. In this pool, earnings are already taking place both on commissions and through the farming of pool tokens.

Recursive balancing mechanism

◾️ A unique solution of the DeFireX platform is the ability to combine different user balances in such a way that the addition of each user averages and stabilizes the system balance.

◾️ Any interaction with the platform leads to the initialization of the balance normalization mechanism, yield averaging and increased reliability.

This is the main mechanics of recursive stabilization of balances: the DeFireX smart contract calculates the participation rates and proportions of the shares of the pool of each user, which allows providing the highest percentage of profitability in stable tokens with minimal risks.

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DeFireX
DeFireX

Written by DeFireX

DeFireX — the most profitable and relieble Yield Farming in DAI, ETH, USDC / protocol-based Compound

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