DeFirex (EN)
All users are interested in further development perspectives of the DeFireX project. As you know, our team is involved in the development of the NFTcraft game project. The NFT gaming trend and this game itself have a great future.
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We have prepared a full article for you that reveals some of the details
The DeFireX.org website will be available within a couple of hours. There are some updates in data center undergoing. The work will be done very soon
Hooray! The funds are returning to the users!
Thanks @VenusProtocol
Read more details here - https://link.medium.com/D5UYpB6gdkb
How long have we waited, and finally it happened: the funds would be returned to DeFireX users. The team would like to thank everyone for their assistance and patience in the process of unlocking funds!
Venus governance voting was successful, and very soon the funds will be returned to the owners. Proposal can be executed on 6th October, 2021 at 4:01 PM
https://app.venus.io/vote/proposal/44
The DeFireX team is actively analyzing the market for new promising trends. We are pleased to announce our participation in the development of the GameFi project, which will soon be available for public beta testing.
We invite you to check out our partner project NFTcraft.game
Subscribe to NFTCraft socials:
Discord https://discord.gg/RqepYZWpk6
Twitter https://twitter.com/NFTcraft_game
Medium https://medium.com/@NFTcraft
Telegram https://t.me/NFTcraft
Telegram chat EN https://t.me/NFTcraftEN
Thank you for choosing DeFireX for yield farming!
The NFT trend in play2earn games is becoming more powerful, and DeFireX doesn’t stand aside. ⠀We are happy to announce that the DeFireX team is involved in the development of https://NFTcraft.game, the NFT mining metaverse game, which is ready to launch this month!
Like you, the DeFireX team is patiently waiting for the funds unlocking date. We remind you that unlocking will take place after a successful vote on the VIP42 proposal. We thank the community for their support during this difficult and protracted situation. As a reward for patience among all users who have lost access to funds in the pool NFTcraft game tokens and NFT characters will be distributed!
Thank you for choosing the DeFireX platform!
DFR Token Details
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DFR emission
The issue of the DFR token is limited via farming smart-contract that distributes rewards for liquidity providing. The initial rate is 1 DFR = 10 DFX, then it depends on user sales and buyback. At the moment, 300 DFR tokens are issued, taking into account vesting, this is 100 DFR per day.
How is DFR secured?
DFR is backed by the project's profit and partly by the liquidity of the DFX token.
Why do I need a DFR token?
The distribution rewards in DFX must be ensured by the profit of the project, otherwise the DFX rate will only fall. DeFireX's profit is currently small due to a problem with blocked funds, a decrease in rewards in the Venus Protocol, as well as due to a significant drop in the Venus token rate. Keeping DFX farming activated would make very difficult to maintain rewards at the level of profit: if the DFX price fell, rewards have to be increased; and if price raises, rewards have to be decreased. Doing this automatically is difficult, unreliable and fraught with manipulation. Therefore, it was decided to create a DFR token, the rate of which will be mainly determined by the profit of the project. Also, DFX buyback will be hold in DFR tokens. It will have positive effect on the DFX rate and will be the backbone for the DFR rate. After buyback mechanism tokens will be burned.
Do I need to add my tokens to the DFX-DFR pool?
There are no rewards for this pool, except for the commissions from exchanges. When adding liquidity, the user must understand that liquidity will be used for DFR swapping, and the profit will be when the profit of the project exceeds the current emission of the DFR tokens.
Thanks for choosing DeFireX! We really appreciate it!
DeFireX developers are actively implementing the DFR token on the platform, this is really important and will have a beneficial effect on the DFX price. But another thing is critical important - prepare a proposal for Venus as soon as possible in order to return the locked funds!
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Our users are a priority for us, so the addition of the DFR token is postponed a little.
Thank you for being with DeFireX!
An additional DFR token is launching on the DeFireX platform to maintain the rate of the platform’ base token DFX!
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The transition to the new farming will be possible in one click on the DefireX website, which will greatly simplify the process.
The additional token implementation will prevent a DFX price from falling and, in general, improve robustness of the entire system. The transition to the new DFR token reward scheme will take place within a few days. The buyback mechanism will work only for the DFR token, the purchased tokens will be burned. We will tell more about DFR tokenomics in the special wiki section.
Stake, farm and receive DFR and DFX tokens as rewards on the DeFireX platform!
Recently we have announced that DeFireX launches the opportunity to gain profit without deposit by running special scripts on your own
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The DeFireX team suggests the community to run scripts on their servers to keep the pools running as efficiently as possible! Sending useful transactions and keeping the script running will be rewarded with DFX tokens! Thus, users can now earn with the service without making a deposit!
There are two repositories below with information about how to run scripts for positions’ rewinding and automatic reinvestment:
https://github.com/DeFireX/autoCompounder
https://github.com/DeFireX/overLeveredRewinder
Thank you for choosing the DeFireX platform for Yield Farming!
DeFireX launches the opportunity to gain profit without deposit by running special scripts on your own!
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To keep the system operation running reliably, special scripts were launched to interact with smart contracts. Scripts are activated when there are sudden jumps in the price charts. The mechanism was designed in order to keep running the correct operation of the pools and increase the reliability of the entire system!
The DeFireX team suggests the community to run similar scripts on their servers for prompt response in case of emergency situations. When the user launches the script, positions are rewinded in Venus and the profit is automatically fixed (if necessary). Sending such useful transactions and keeping the script running will be rewarded with DFX tokens! Thus, users can now earn with the service without making a deposit!
*Detailed technical information will be available within a few days
Thank you for choosing the DeFireX platform for Yield Farming!
DeFireX resumes farming on the Ethereum network!
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Thanks to the Ethereum positive updates, the farming strategy based on the DAI stablecoin was re-launched. The current percentage rate in the DAI pool is 28% per annum.
As a reminder, ETH recently reached the psychological limit of $ 3,000 and then easily crossed it. It is now trading at $ 3,455, and fees have also dropped. Due to the positive news background, the liquidity from the Binance Smart Chain began to flow back to Ethereum.
The DeFireX team is keep in touch with innovation in the industry to bring you the most profitable and safe Yield Farming!
New pools are already available on DeFireX!
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ETH, XRP and DOT farming pools guarantee an annual return of 25% -32% in the currency of the deposit without market risks. Now users can choose from 10 pools with APY from 18% to 270%!
Thank you for trusting the DeFireX platform for Yield Farming
DeFireX update is coming!
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The developers are planning to add all pools from Venus! Soon ETH, XRP, DOT farming pools will be available with X5 profit than in the original Venus pools.
Differentiated model is used in the pools. Security is provided by multiple independent servers that use different infrastructure vendors to provide complete resiliency.
To increase the efficiency of Yield Farming, at the time of initialization and at certain circumstances in the farming process, the currency position in Venus is selected in purpose of providing the highest profitability.
Thank you for choosing the DeFireX platform for Yield Farming!
In connection with the scammers increasing , we ask everyone to be vigilant!
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Read how not to fall for a scam in our article.
Ignoring the rules of personal security on the Internet can lead to the fact that all cryptocurrency in your wallet balance will be irretrievably lost.
Thank you for choosing the DeFireX platform for Yield Farming!
Migration to new PancakeSwap pools on April 26 after 16:00(UTC +3)!
All users who hold funds in the DFX-BUSD pool must transfer to the new pool on PancakeSwap.
To do this, you need to withdraw LP tokens from the DFX-BUSD farming pool on DeFireX, then withdraw liquidity from the old pool on the Pancakeswap.finance service and add to the new pool. All instructions are here and here.
Today, April 26, after 4:00 pm(UTC +3), farming will be disabled in the old DFX-BUSD pool, in the updated pool, farming will be enabled tomorrow, April 27, at 4:00 pm. All the time spent on the migration will be reimbursed in the form of the corresponding amount of DFX in the new pool!
DeFireX team is making an update related to adaptation to the new Venus tokens version! During updates, APY drawdown is possible in the BUSD and BTCB pools. This is a temporary inconvenience, the developers are doing everything possible to speed up the process.
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Thank you for choosing yield farming with DeFireX!
DeFireX team is participating in Blockchain Life 2021 today! All day long we will discuss with forum guests decentralized finance, farming and the possibilities of the crypto market.
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DeFireX partner Alexander Lebedev spoke at the forum today! He raised the topic of combating global financial apartheid, i.e. impunity for corruption. More than $ 300 billion are stolen annually by representatives of banks and audit firms. Lebedev proposed the blockchain implementation and DeFi as a transparent alternative to vicious finance.
Everyone deserves access to fair and transparent financial instruments. DeFireX is trying to provide users with such tools for a stable income in cryptocurrencies and stablecoins.
Thank you for choosing Yield Farming with DeFireX!
Bitcoin is now worth more than half of the entire US banking system!
The total amount of blocked assets in the DeFi segment based on the Binance Smart Chain (BSC) exceeded $ 32 billion.
For comparison, the indicator of Ethereum protocols is $ 48 billion. Cryptocurrency and DeFi are not going anywhere, and the only question is how quickly people will begin to understand these topics.
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Do you know about the Bitcoin Dominance Index and its relationship to bullish and bearish trends in altcoins?
The cryptocurrency market is volatile to the point. Most are intimidated, while a minority makes fortunes. Delve into the psychology of the market with the DeFireX team in the following article.
We plan to make this topic permanent and devote our community to discussions about the dynamics of the crypto market.
For rapid search and implementation of a solution to the problem with locked funds, we ask all participants to read our proposals and help in their implementation and inform the Venus team.
The DeFireX team communicates with several representatives of Venus during the week, including the community manager of the official telegram chat, who blocked two members of our team. We sent them tickets (tickets: 86507, 86508) with a message about a major problem, requests for attention and a solution. We are very sorry that users, together with us, were faced with the indifference of such a large project as Venus. Screens and other evidence of our appeals and active work to unlock user funds can be found in the article on the Medium.
At the moment, the Venus team has not given a single clear answer to the numerous questions of the DeFireX team.
According to the responses and actions of Venus (blocking the DeFireX team members, explaining all inaction by decentralization), it seems that the Venus team is not interested in solving the problem, despite the fact that more than 500 users interact with the Venus puncture using the DeFireX protocol. Our contracts are in the TOP 10 on Venus and have about $ 16 million blocked on them:
BUSD
https://bscscan.com/address/0x3b1a4f61bd3d7301edbd3ea2a5e05ede8dda812d
USDT
https://bscscan.com/address/0x22b433402b65dccbe79fe66b4990a2569ab01572
What are we going to do next? One option is to create a proposal with the help of XVS holders. We need users to temporarily delegate their votes to DeFireX to make changes to the smart contract that will unlock DeFireX users' funds from the BUSD and USDT pool. The updated smart contract will be made publicly available on Github.
There have been similar cases, for example, in Compound (https://compound.finance/governance/proposals/37 - Transfer 1618868.33 cUNI to 0xf22c2e3475e4a066f4e9f44567c950dd36112d05).
The solution to this situation can be the addition of the function of transferring erroneously blocked funds to the address of the contract owner.
There is also another option - a special Binance program that allows you to return tokens that are considered irretrievably lost.
https://www.binance.com/en/support/articles/7bcf4da5671d44a0a5118c2277773bb4
To use this option, we need to get a clear answer from Venus “That users' funds cannot be returned and they are lost forever”.
The DeFireX team is ready to distribute 300 thousand dollars among all XVS holders who will help create a proposal and support a vote that will unlock DeFireX users' funds, this can be done by delegating XVS tokens to the DeFireX wallet. It is absolutely safe and necessary for voting.
Delegation wallet address: 0xb580f73db43015a1211a394eb175a81df55bbe66
Contact for communication: @DeFireX_Manager
Delegation: https://app.venus.io/vote (Get started -> Delegate Voting -> 0xb580f73db43015a1211a394eb175a81df55bbe66)
We examine all wallets of XVS holders and only 5 addresses store more than 300K tokens. Most of the addresses probably belong to the Venus team or their investors and partners. If our proposal will not be supported or will be blocked, we can consider this as a fact of deliberate blocking and withholding of users’ funds by Venus. So we hope that the Venus team will clarify the situation and help resolve the issue.
Thank you for your patience and trust!
Hot news: Venus is updating! Since Wednesday, the platform has been increasing the commission to 0.01% of the position in the equivalent of the pool!
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Accordingly, from Wednesday in new DeFireX pools, a withdrawal fee of 0.01% from the user's deposit will be charged. The DeFireX team is also carrying out a range of updates, which is why interest rates are expected to temporarily decrease by 3%.
There are currently 5 pools available:
DFX / BUSD pool, where the user receives income for providing liquidity to the PancakeSwap pool. Current APY 316%
DFX pool, whose APY is based on the performance of other DeFireX + farming pools, a part of the platform's commission income is transferred to it. Current APY 50%
Pool BUSD / USDT / USDC, where the user is rewarded with stablecoins for mining Ellipsis EPS tokens. Current APY 20%
New BUSD pool without market risks and risks of deposit drawdown, with leverage on Venus, where the user gets rewards for BUSD farming. APY 30-80%
New BTCB pool, also without market risks and risks of deposit drawdown, with leverage on Venus. This pool is the most profitable for a basic BTC position. APY 27-80%
For fixing profits in new pools, the user pays a platform commission of 0.01% in the deposit currency, which is sent back to the same farming pool to stabilize the leverage.
Thank you for choosing Yield Farming with DeFireX!
We are glad to announce the DeFireX team participates in the 6th international forum Blockchain Life on April 21 and 22 in Moscow! Everyone can come to the DeFireX stand - P28 and ask the team members any question.
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Blockchain Life – is the most important crypto industry event of the year. This year's forum is being held at the Music Media Dome. Come and meet the promising crypto professionals! 50 top managers of well-known crypto services will discuss from the stage trading, blockchain implementation and the prospects for DeFi, among them:
Alexander Evgenievich Lebedev - founder of the first cryptocurrency bank InDeFi, owner of the British online edition ‘Independent’ and the television channel ‘London Live’. The largest private shareholder and investor in ‘Novaya Gazeta’
Sergey Mendeleev – has been in cryptocurrency projects since 2015, founder of the Garantex exchange and executive director of ‘InDeFi’. Member of the Skolkovo initiative group to develop amendments to the draft law «About digital financial assets".
Bitfury Russia CEO, SBER blockchain development director, United Traders founder, WAVES chief product manager, as well as representatives of Binance, Listing Help and BITMAIN will also speak from the stage.
The event will take place in a few days! Hurry up to buy tickets on the website https://blockchain-life.com/europe/ru/
10% discount with “defirex” promo code!
DeFireX is going to hold an AirDrop where everyone who walks up to the “P28” counter will win a guaranteed prize ranging from 1 to 100 DFX!
To participate in AirDrop, fill out a simple form: https://defirex.org/blockchainlife2021
Waiting for everyone at Blockchain Life 2021!
DeFi Highlights Summary from DeFireX team
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-Binance has cut fees on the BSC network in half to 5 gwei following a sharp rise in BNB. *Gwei denotes the payment for gas in various blockchains, here it means gas in BSC, that is, BNB at 10 ^ (- 9) or 0.000000001 BNB.
-The Layer2 solution is being developed. Uniswap announced the launch of the ecosystem scaling in May June 2021, it will use NFT mechanics that will significantly optimize the model itself and reduce costs by up to 90%
-Cross-chain solutions and solutions on the second level ETH blockchain are actively developing.
Uniswap team has announced the implementation of a second level solution «Optimism» for scaling in July. The final date depends on the stability and readiness of the ecosystem.
ETH2 will allow each liquidity provider to choose the price range at which they want to interact with the pool.
What does this mean for users?
For example, a user can set a kind of stop loss: provide liquidity for Ethereum only if the cryptocurrency is trading in the range, say, from $ 2000 to $ 2200.
-Justin Sun has activated the deflationary token burn mechanism in TRON. From March 30, 2021 to April 5, 2021, the TRX token completed its first deflation in history. The total supply of tokens has been cut by over $ 750,000. This drives up the price of TRX and marks the transition from an inflationary to a deflationary model.
We plan to make the «DeFi Highlights Summary» topic permanent to keep you up to date with important news!
DeFireX developers are activating the profit-taking feature for balances in the process of migration!
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The team made every effort and used every opportunity to ensure that DeFireX platform users continue to profit from the locked funds!
Despite the difficulties, work on the development of the project does not stop! After the restrictions are lifted and the migration is completed, a DFX security fund will be created. It will be represented in the most promising cryptocurrencies. The security fund will be opened when the value of assets increases by 3-5 times, income will be accrued in favor of DFX holders. Read the Medium article for more details
DeFireX team thanks users for their understanding and faith in the future of the project and the DFX token!
Information about migration and difficulties arisen in the process of its implementation. Thank you for your patience and trust!
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Due to the abnormal growth of BNB, we decided to transfer client funds to a safer pool, and compensate for all losses under this strategy at the expense of the company. During the process of migrating funds to new pools, an error was made in the execution of the contract, so now we need a confirmation from the Venus team. User funds are safe and placed on Venus's balance, you can check it on the links below:
BUSD
https://bscscan.com/address/0x3b1a4f61bd3d7301edbd3ea2a5e05ede8dda812d
USDT
https://bscscan.com/address/0x22b433402b65dccbe79fe66b4990a2569ab01572
We negotiated with major liquidity providers so they direct the profit to clients with smaller balances. The DeFireX team also is going to launch a reserve pool, the profit from which will be sent to users whose balances are in the process of migration. This decision will make profit-taking available in the near future!
In the future, the funds from the reserve pool, plus the team's personal funds from $ 500,000 to $ 1,000,000 million, will be used to create the DFX security fund.
After the restrictions on managing funds are removed, users who have migrated funds will be rewarded in DFX for their patience and support!
Read the Medium article for more details.