[ANN] TofuDeFi - Trade and stake Ethereum assets on TRON

[TofuDefi]

well maybe they will lose their tokens because of their mistakes, by the way are we not holding a marketing event to expand the Tofu Defi project network? and when will the details of the Tofu Defi mainet be released?

We don't see such cases on the chain, but if someone has issue with Tofu10Exchange contract please contact us through the contact form on our website or email which can be found near contact form.

What marketing event do you mean?

[lvsca]

TofuDefi Update 2021-02-01

We are still working on discounts implementation for traders on TofuSwap. These changes took longer than we expected, but we are planning to finish it this week. Another issue which we need to address is optimization of energy usage in our contracts. TRON team announced new proposal to increase energy cost 5x times:

https://github.com/tronprotocol/tips/issues/232

Even though it did not passed yet, but we decided to put additional efforts into optimization of our contracts to provide most cost-effective solution on the TRON network.

good update even though it is in trouble, we will be ready to support even though it requires a little more time, we will remain loyal here for the next announcement, and hopefully in the future there will be no more obstacles in the next update

[kojektea]

looks very quiet and the price of tofu has dropped dramatically and is not in accordance with the ico sales implemented, what about the plan that was discussed before, has it been implemented until now? because I didn't find any latest information from the TOFU project

[TofuDefi]

looks very quiet and the price of tofu has dropped dramatically and is not in accordance with the ico sales implemented, what about the plan that was discussed before, has it been implemented until now? because I didn't find any latest information from the TOFU project

We finished to work on blockchain part of tofuswap ver. 1, but there are some issues with interface part.

[kojektea]

looks very quiet and the price of tofu has dropped dramatically and is not in accordance with the ico sales implemented, what about the plan that was discussed before, has it been implemented until now? because I didn't find any latest information from the TOFU project

We finished to work on blockchain part of tofuswap ver. 1, but there are some issues with interface part.

good and I hope that you finish it quickly, the TofuDefi project really needs a big change, and it must be developed even faster. Did you work personally to develop this project? because I see the development is quite slow

[TofuDefi]

looks very quiet and the price of tofu has dropped dramatically and is not in accordance with the ico sales implemented, what about the plan that was discussed before, has it been implemented until now? because I didn't find any latest information from the TOFU project

We finished to work on blockchain part of tofuswap ver. 1, but there are some issues with interface part.

good and I hope that you finish it quickly, the TofuDefi project really needs a big change, and it must be developed even faster. Did you work personally to develop this project? because I see the development is quite slow

Yes, I do. It may look like that, but we're working. We didn't publish recent changes on github yet.

[asyakashi]

last time i saw the price of tofu = 11 trx, and now it has dropped a lot, are we following the trx price concept? because trx price is quite high nowadays so tofu price is weakening compared to trx price ... and daily transactions are quite low

[TofuDefi]

last time i saw the price of tofu = 11 trx, and now it has dropped a lot, are we following the trx price concept? because trx price is quite high nowadays so tofu price is weakening compared to trx price ... and daily transactions are quite low

TOFU price is $0.5 on our website at the moment. People use a trading pair on Justswap to be able to buy and sell it before we launch. Price on Justswap is almost always below price on the website because if it gets higher someone can buy on the website and sell on Justswap. 11trx at that time was about $0.35 maybe, but right now it's more than $0.5. Anyway you’ve got a point. I think we should use fixed rate to trx or 50/50 eth+trx for stage 3.

[eXtremal]

last time i saw the price of tofu = 11 trx, and now it has dropped a lot, are we following the trx price concept? because trx price is quite high nowadays so tofu price is weakening compared to trx price ... and daily transactions are quite low

TOFU price is $0.5 on our website at the moment. People use a trading pair on Justswap to be able to buy and sell it before we launch. Price on Justswap is almost always below price on the website because if it gets higher someone can buy on the website and sell on Justswap. 11trx at that time was about $0.35 maybe, but right now it's more than $0.5. Anyway you’ve got a point. I think we should use fixed rate to trx or 50/50 eth+trx for stage 3.

fine if you say it like that but why can't we make it more stable and what about the current development, is it still under construction? I've been waiting for it here long enough but I haven't seen the latest information yet

[TofuDefi]

Update 23-02-2022

We’ve released TofuFreezer contract on mainnet at address:

https://tronscan.org/#/contract/TGqT2vnRrPgRoo48vTTxvH5FrJP5SPRpkB/code

What is TofuFreezer contract and why should someone freeze TOFU?

TofuFreezer contract is a smart contract which allows TOFU holders to freeze TOFU for at least 24 hours. This contract will be used  for providing additional benefits for TOFU holders including discounts on TOFU services. Particularly people who will trade with TofuSwap will be able to reduce their trading fee from 0.3% down to 0.1% depending on frozen amount of TOFU.

Bug bounty program

We freezed 10,000 TOFU on this contract. If there is a bug in this contract and someone will be able to get them we will also send 1000 TRON USDT to the same address where these TOFUs will be sent to.
 

[eXtremal]

The progress of this project is very slow, and it's not really that right now, are we really sure that we will be able to compete with other projects? we have to need faster developments to compete

[TofuDefi]

Update 04-03-2022

TofuFreezer contract passed security audit by Techrate:

https://github.com/TechRate/Smart-Contract-Audits/blob/main/Tofu%20Smart%20Contract%20Audit.pdf

https://techrate.org/#product-list

Why is it important?

TofuFreezer will be keystone of our ecosystem. Anyone who will want to get discount using TofuSwap and other services will have to freeze TOFU using this contract. For example, Tofuswap default fee will be 0.3%, but with TOFU it will be possible to reduce it to 0.25-0.1% depending on how many TOFU tokens users will freeze. So we assume that amount of TOFU on this contract will be significant.

[TofuDefi]

With help of community, we've translated TofuDefi.com to three new languages: Russian, Spanish and Turkish.

If you want to help us with translation to your language and get some TOFU as a bonus please contract us at info@tofudefi.com.

[TofuDefi]

With help of our community member, we've translated TofuDefi.com to Greek language.

[TofuDefi]

Tofuswap V2 Factory released on the TRON mainnet

We are very happy to inform that we released Tofuswap V2 Factory contract on TRON mainnet. Also we created three pairs: BTC/USDT, ETH/USDT and TOFU/USDT.

Tofuswap V2 Factory contract address is:

https://tronscan.org/#/contract/TTkv8V2kiWTDwoCTHR1TeDyEMj9j1yZMuw/code

What is Tofuswap Factory contract?

It’s the core contract of Tofuswap infrastructure. It is used to create trading Pairs on Tofuswap pool.

What is the main focus of Tofuswap?

Main focus of Tofuswap is cost-effective automated TRC20 token exchange on the TRON network. Right now the most popular token exchange platform on TRON is Justswap. It’s a great platform, but it works only with trading pairs to native platform token TRX. It means that if you want to exchange BTC token to USDT token on Justswap, it will exchange BTC to TRX first and then exchange TRX to USDT token. Even though it will happen in one transaction and energy effective, you will have to pay 0.6% fee (0.3% BTC/TRX pair and 0.3% USDT/TRX pair). With Tofuswap you will pay 0.3% or lower depending on what how much TOFU you have.

Let’s compare fees if you want to exchange 1000 USDT to BTC assuming that exchange rate are the same. In case of Justswap you will pay 0.6% fee (6$) + spend 80k energy or about 11.2 TRX which is about 0,7$ in the moment of writing. With Tofuswap you will pay 0.1–0.3% fee (1–3$) + 10 trx for energy which is about 0.6$ now. So your fee will be significantly lower*.

*Of course you should consider slippage and liquidity, because it also affects your trade, especially for large amounts.

How to get discount on Tofuswap?

If you have TOFU you can trade with lower fees compared to standard 0.3%. Depending on how many TOFUs you have you can get these actual discounts:

100 TOFU — 0.25% trading fee (16,66% discount)
1000 TOFU — 0.2% trading fee (33,33% discount)
10000 TOFU — 0.15% trading fee (50,00% discount)
100000 TOFU — 0.1% trading fee (66,66% discount)

To get discount you will have to “freeze” you TOFU with TofuFreezer contract.

More details here:

https://medium.com/tofudefi/tofuswap-v2-factory-released-on-the-tron-mainnet-f4f28e413a95

What’s next?

Now we are waiting for security audit of the contract to proceed with launch.

[TofuDefi]

Tofuswap V2 Factory contract passed security audit by Techrate

https://twitter.com/tofudefi/status/1377284593263341577?s=20

Report:

https://github.com/TechRate/Smart-Contract-Audits/blob/main/TofuswapV2Factory.pdf

[TofuDefi]

We are happy to inform that we went into partnership with @CryptoSky Community.

https://twitter.com/CryptoSky/status/1377374480264142851

[eXtremal]

It's been a while since I heard from the TofuDefi project, what developments have been made so far? and I see the price development is high in USD conversion but when compared to the TRX price this is very far from what was expected

[TofuDefi]

Tofuswap v1.0 release candidate launched

We are very happy to inform that Tofuswap v1.0 passed internal testing for all main features and were launched in release candidate mode. You can try it here:

https://swap.tofudefi.com/

We believe that smart contracts are stable and production ready. See our contract addresses below.

Tofuswap Factory:

https://tronscan.org/#/contract/TTkv8V2kiWTDwoCTHR1TeDyEMj9j1yZMuw/code

Tofuswap Router:

https://tronscan.org/#/contract/TSyE7tVnoZgR6UbcgjxvdbJd3gdBuuKY8f/code

TofuFreezer:

https://tronscan.org/#/contract/TGqT2vnRrPgRoo48vTTxvH5FrJP5SPRpkB/code

Interface was tested for main features including TOFU discounts and seems to be fine, but we may change some design elements. For full release we need to work on network communication part because now we partially rely on third party infrastructure and would like to remove such dependency.

We created trading pairs for every token in the list with TRX and USDT and put some minimal liquidity for testing. Also we created ETH/BTC pair and may create some other token to token pair if it will be requested by community.

Anyone can add liquidity to existing pairs, your funds will be safe.

What next?

We are going to launch TOFU pool staking by mid May. It means that people will be able to stake their Tofuswap liquidity tokens to earn TOFU. Meanwhile, we are working on TofuBridge v1.0.

Token Sale stage 2 will be closed on May, 10. After that we will stop selling TOFU tokens for some time. We’d like to find out TOFU’s price for stage 3 through price discovery mechanism. It means that people will be able to buy TOFU only on “secondary market” or by providing liquidity for Tofuswap and staking their liquidity tokens. This price discovery can take up to one month.

[TofuDefi]

TofuDefi Update

We are happy to inform that:

1. We resolved all main issues and launched Tofuswap on https://tofuswap.org.
2. We've added new trading pairs with WIN, DICE, LIVE, BTC, ETH, JST, SUN, WBTT, KLV, CNS.
3. TofuDefi was listed on DApp.com and DappRadar.com

Third sale and liquidity mining will start soon.