Will Yield Farming + Dividend Sharing Be The Next Trend For DeFi?

[moonboyme]

Given that most DeFi projects are now haunted by low APY and high price volatility, I have been wondering if there is any new approach to resolve this problem in the existing yield farming model.
So, minutes ago, I came across a DiFi project called Dividednz Finance which self claims to be the first DeFi protocol that offers both Yield Farming + Dividend Sharing. In a nutshell, it shares its revenue with its token holders which makes sure that every token farm on the platform is backed by real assets.
I am stunned by this idea and think it would lead the next DeFi trend. Here is their whitepaper and TG. DYOR.
https://dividendzfinance.medium.com/dividendz-finance-wp-96dc63190cfa
https://t.me/DividendzFinance

[bttmember]

I think after defi projects stabilize with positive outlook and reputation in the market then the next trend could be projects that provide automated yield farming, liquidity mining and revenue generation solutions where investors will just have to park their crypto and rest it will be managed by the project to extract the highest yield.

[Zeehaxan]

Given that most DeFi projects are now haunted by low APY and high price volatility, I have been wondering if there is any new approach to resolve this problem in the existing yield farming model.
So, minutes ago, I came across a DiFi project called Dividednz Finance which self claims to be the first DeFi protocol that offers both Yield Farming + Dividend Sharing. In a nutshell, it shares its revenue with its token holders which makes sure that every token farm on the platform is backed by real assets.
I am stunned by this idea and think it would lead the next DeFi trend. Here is their whitepaper and TG. DYOR.
https://medium.com/@dividendzfinance/dividendz-finance-whitepaper-v1-0-6fa24870bc25
https://t.me/DividendzFinance

It could be the next big trend as investors definitely look for profitable solutions for their crypto but i think what is clear at the moment is that the defi projects should be more secure and error free because almost every week we hear news of hacks and stealing of funds from these defi smart contracts. So there is a long road ahead for defi projects to gain trust.

[moonboyme]

Their concept looks new and interesting but it depends how sustainable it will be. That is why defi lost steam these days bcoz they offered high APY with no sustainable plans to ensure that the project continues being profitable for long. You cannot a huge supply for yield farming  with insane APY like 400% and expect price to be stable.

Yeah, but with their dividend model, I think it has the potential to last as it is backed by real assets, which means its token price will have strong support on the open market.

[ryzaadit]

Whitepaper just word by word, everyone can make it.

The real question, can you verify the token was backed with REAL ASET. And, which institution or company who handle the conversation between the token and backup asset let's say we have a situation the project exit scam.

Because, if we talk backup by real asset your token can be exchanged on the asset used for the backup.

[moonboyme]

Whitepaper just word by word, everyone can make it.

The real question, can you verify the token was backed with REAL ASET. And, which institution or company who handle the conversation between the token and backup asset let's say we have a situation the project exit scam.

Because, if we talk backup by real asset your token can be exchanged on the asset used for the backup.

I think in their case, you can use their platform token to stake and receive other assets through dividends.

[ryzaadit]

I think in their case, you can use their platform token to stake and receive other assets through dividends.

Just leave it, dude.

The project potentially scam, you can see from this link: https://t.me/DividendzFinance/23 someone just discovery the article for Whitepaper was copy-paste from Coindesk. Just like I said, Whitepaper just word by word.

If you still want losing some money on this project, then good luck.

[DarkDays]

Given that most DeFi projects are now haunted by low APY and high price volatility, I have been wondering if there is any new approach to resolve this problem in the existing yield farming model.
So, minutes ago, I came across a DiFi project called Dividednz Finance which self claims to be the first DeFi protocol that offers both Yield Farming + Dividend Sharing. In a nutshell, it shares its revenue with its token holders which makes sure that every token farm on the platform is backed by real assets.
I am stunned by this idea and think it would lead the next DeFi trend. Here is their whitepaper and TG. DYOR.
https://dividendzfinance.medium.com/dividendz-finance-wp-96dc63190cfa
https://t.me/DividendzFinance

If this indeed is what the project provides, then I think this is still a pretext to form the so called 'community' which in turn because they'd have a stake into the mess they'd likely assist with the project.

In other words, this is just another way to utilize token holders to artificially inflate their token price as people would buy them just to get a share of the revenue. It is just another spin of yield farming, and staking.

Not a project with real vision, value or long-term potential - but a short term 'get rich type scam'.  That's so far my opinion about it, but if other would like to challenge it - let's see it!

[arufox]

High risk high return, the project you are sharing is high risk. High risk means you can be lost your money, or you can earn huge profits.

So my question why you choose it?? You must know the reason why you choose the project, don't just join in the project only because of the hype of Defi without knowing exactly about the project.

My advice better forgets it and choose low risk project, but the final decision is yours..

[tabas]

Looks amazing isn't it? but do you think that they can sustain that feature for a long time? Yield farming and staking doesn't have that much difference and the dividends are already common. The only new thing is they offer two rewards by simply holding their token, it is like that right?
But I'm not amazed to see such feature and I've never invest into any of it. It's not a new trend.

[cryptoaddictchie]

I am stunned by this idea and think it would lead the next DeFi trend. Here is their whitepaper and TG. DYOR.

Idea can be conceptualize and well written but what we need is the execution. The idea is not bad yield farming and dividend sharing. Its like hitting two bird in one stone, but this must be seen working first.

As you can see there are lots of ways on how to maximize contract with different idea, the one with most unique and attractive feature will surely get attention.

Example of these are core, kp3r, sav3 and many more that expand the idea on some smart contract applications.

[bitkanu]

It seems to be another dead project soon. As someone posted above and this project was plagiarizing the whitepaper and a project that has been caught doing plagiarism has a very big chance to be the next crap project.
I don't even see how this project can generate a dividend to be shared with the stakeholders.
Without an actual product and it will never happen except the owner was using its token as a dividend but it has no different with staking.

[kidbounty]

wow good project, but wait a minute. I've seen projects like this, they promise to share profit from the management of garden products. but in the end projects like this just become shit projects. Just think how much land they have to have to do this way? what if they fail the crop, it's very inefficient. there are many things that can fail this.


so I don't think this project is good enough.

[RussianEnglishTranslation]

Here are the trends I see for DeFI:

LP staking to receive airdrops (0xMR/ETH LP for BRAP)
Insured yield farming by default
Private yield farming (what 0xMR has planned with 0xMixer)

[Kupid002]

It could be the next big trend as investors definitely look for profitable solutions for their crypto but i think what is clear at the moment is that the defi projects should be more secure and error free because almost every week we hear news of hacks and stealing of funds from these defi smart contracts. So there is a long road ahead for defi projects to gain trust.

Instead of making a new face of defi why not prioritize first the security of the platform before using it. Even it's backed by real world asset it doesn't mean that it's secured for hackers that want to earn money from it, they are now the target of many hackers so they need to find a solution before making a new ideas.

And for the dividend If they really want many people support it I think they need to fix it to USD so that investors do not worry about losses because the price of tokens is too volatile. So even how good they promise the dividend if it's decrease the value it also lost for investors not a gain.

[Eddyc]

The idea is wonderful and has the service of being promising, but as we know human greed, perhaps certain levels of income may go up the developers heads and they will disappear with the investors dividends. I'm not stating anything but showing the past and the great projects that had the possibility of having a large market volume. Unfortunately, tokenization was hindered by many opportunists and it hurt the development of major projects. So what really matters in the end is the confidence to invest.

[Chuky92]

What real assets are they backed up by? The reason for this question is that, most projects which used that line or approach that they are backed up by real assets turns out they were using it just to attract gullible ones and of course turns out to be scam. Also, talking about having good ideas, over the years many projects came up with good ideas but once the fundraising becomes successful, it will be clear that the team have no knowledge of whatever they are working on, in this case they will suddenly go mute and then abandon the project, so it is not about having good ideas, it is about actuallizing it.
In addtion, some of these DeFi projects have no plans for long term sustainability, they are just here to ride the hype, attract people and gradually the true nature will be made known and of course with the high rate of hacks being experienced among Defi projects, one need to be careful of whichever one he aims to associate with.

[martina14]

The plan is good, just wishing they can implement that in a good way and stand for long last.
It has a potentials to attract the community investors as long as yield farming could apply that continuously.
Just make sure they will prepare everything for it so that in the end there will be no problem.