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Decentralized finance (DeFi) have become the most actively developing area of the cryptocurrency industry 2020 of the year. Over the past ten months, the volume of cryptoassets blocked in DeFi protocols has grown by more than 10 times and now exceeds $11 billion.
Defi services are gradually becoming an alternative to traditional financial institutions. Defi platforms offer much more favorable conditions for obtaining loans, than traditional banks. At the same time, any cryptocurrency owner can use the advantages of decentralized finance.
Against the backdrop of the continuing growth of the Defi industry, Russian developers launched the Defirex profitable farmer service, allowing profit to 40% annual when working with a puncture compound.
Profitable farming and how they earn it
The provision of liquidity to Defi protocols is often much more profitable, than a bank deposit or investment methods, available to ordinary people. The greatest benefit can be removed, If you adhere to the pharmacy strategy (revenue farming, yield farming) - practices of maximizing remuneration for providing liquidity to Defi protocols. In many ways, it was Pharmacy that contributed to the explosive growth of the industry in recent months.
The essence of farming: The user receives a reward in the tokens of the Defi Protocol when providing crypto assets for loans, receiving loans, as well as when providing liquidity to the traders of decentralized exchanges (DEX). Most large Defi projects now have their own tokens. for instance, This year, Compound has released a token to control the COMP protocol. Members, which provide crypto assets for loans in the protocol can, In addition to interest on liquidity, receive part of the comput, distributed every day.
When the distribution of COMP tokens has just begun, Users received additional profit higher 100% annual. But now the additional profitability from distributing the COMP tokens does not exceed 6% annual. In this way, Together with the percentage of the deposit in the USDC stabilcoin tied to the dollar, The user can count on approximately 9.2% annual.
However, profitability can be increased using such platforms of profitable farming, Like Defirex. This service allows you to make a profit before 40% annual when working with the COMPOUND protocol, And in the future - and with other popular Defi protocols.
How does this work
The profitable farm in Defirex becomes beneficial with investments from $500. The restriction is related to, that the commission of the Ethereum network makes smaller investments unprofitable. At the same time, the service is optimized by the mechanisms of entry and withdrawal of crypto assets, which saves from $10 to $50 for the operation.
Defirex works with the COMPOUND protocol directly and uses the functions of a smart contract, inaccessible in the ordinary user service interface. The initial investments of the user, eg, $500, are included in the Defirex platform. A quick loan is taken under them (flash loan) in three times the volume on $1 500 on a third -party service. Within the framework of the same transaction, all money is sent to the Compound smart contract and $2 000 placed as a deposit in the protocol. A loan is taken under this security 1500 DAI, due to which a quick loan is extinguished, taken earlier. In this way, The user has a deposit on Compound in the amount $2 000 And a loan on $1 500.
After that, for the entire amount of the assets blocked in the smart contract, the COMP tokens are requested, which exchange daily on the exchange on USDT. In total, Given the interest on the deposits and loans placed, as well as changes in the cost of comp, User income can be up to 40% annual. The service is charging 20% from profit, there are no commissions for entering and withdrawal.
Defirex uses its own capital in the system – more $400 000, which allows users with minimal investments to participate in the service. The platform guarantees, that the user will not lose money invested. Defirex fixes profit every 1-3 the day, and the user can withdraw income daily. The money invested can also be withdrawn at any time.
О DeFireX
Defirex platform was created by developers, who are engaged in projects in the IT 2005 of the year. The team works in the field of blockchain, machine learning, tokenization, is engaged in the development of smart contracts and the creation of projects in the Defi industry.
The professionalism of developers is confirmed by victories in international competitions and all -Russian hackathons. for instance, in the hackathone «Blockchain – New oil of Russia ", Ak Bars Bank awarded Defirex developers first place for the project of the fighting network on smart contracts, which was developed in two days. The Defirex team also oversaw the youthly blockchain team, which took first place in the competitions of Vnesheconombank with a project to account for forests on the blockchain using quadrocopter
Defirex smart contract audit of the Garatex cryptocurrency exchanges, And its owner Sergei Mendeleev is a strategic platform partner. Russian entrepreneur and politician Alexander Lebedev also supports Defirex service and supervises it. Besides, Soon the Defirex team, together with Alexander Lebedev, will launch a new project in the Defi industry, where the developers of the service will be responsible for the technical part.
Defirex registered in Estonia in January 2020 year and has licenses for storage, Exchange and surgery with cryptocurrencies, as well as consulting activities in the field of cryptocurrencies. Defirex smart contracts are verified.
Previously CEO of Defirex – Roman Moiseev gave a detailed interview about Defi and the YouTube profitable platform MoneyFest.
Why is it profitable
Most traditional banks offer deposits in US dollars the maximum rate 1% annual. With investments in the stock market, a well -balanced portfolio can give a higher profitability, However, the risks are higher, than in the case of a deposit.
Participation in the work of the Defi industry through the strategy of profitable farming on the Defirex platform makes it possible to receive before 40% annual. In this case, it is enough for the user to pay the minimum amount to the platform, And then make a profit daily.
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