DeFiFarms is Using the Power of NFT’s To Revolutionize the Decentralized Finance World
Summary
DeFiFarms is the world’s first decentralized finance ecosystem that uses NFT protocol farming on Binance Smart Chain. UK, June 1, 2021 / EINPresswire.com / -- DeFiFarms has created an innovative new solution for the world of decentralized finance. DeFiFarms stakes are tied to transferable NFT’s rather than a user’s unique wallet address. Users also have the option to unstake, in which case the NFT will be burned and the funds, in addition to any unredeemed rewards, will go back to the user’s wallet.The DeFiFarms platform also includes unique security features to prevent issues like Pump and Dump schemes by Whales or arbitrage bots that constantly harvest or dump. They do this by limiting transfers based on the percentage of the total supply, as well as including a Harvest Lockup feature to ensure that harvests are made by legitimate users.DeFiFarms provides users with a variety of opportunities to earn value, including through a 5% deposit fee charged when users enter farming, as well as the referral program, and the DEFIY lottery.
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