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Author Topic: [ANN]⚡️DeFireX - Safe Yield Farming 🔸 DAI 🔸 ETH 🔸 USDC 🔸 wBTC 🔥 ~35% APY 🔥  (Read 1316 times)
DeFireX.org (OP)
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DeFireX - Safe yield farming up to 40% APY


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February 24, 2021, 10:47:26 AM
Last edit: March 11, 2021, 09:17:19 AM by DeFireX.org
Merited by CryptopreneurBrainboss (1)
 #1










DeFirex.org – works directly with Compound and offers profitable and reliable yield farming in DAI, USDC, ETH

In partnership with Binance Smart Chain, service implements a solution to the problem of high commissions of the Ethereum network

More information about the project can be found on social networks or on the official website www.defirex.org

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DeFireX - Safe yield farming up to 40% APY


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February 24, 2021, 10:48:44 AM
Last edit: March 02, 2021, 12:51:01 PM by DeFireX.org
 #2

Verifed links about DeFireX


Our advantages

⚡️ Almost zero commissions - we use Binance Smart Chain. ⚡️

⚡️ Highest% APY in Yield farming for ETH, USDC, DAI ⚡️

⚡️ We can calculate the LTV (Average Income) indicator. ⚡️

⚡️ Shared economy when paying for transactions on the Ethereum network ⚡️

⚡️ Autonomy of the DeFireX smart contract ⚡️

⚡️ Full control of users over their funds ⚡️
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February 24, 2021, 01:08:58 PM
 #3

How is the profit generated? What is the yield farming model?
DeFireX.org (OP)
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February 24, 2021, 01:44:54 PM
Last edit: February 26, 2021, 11:33:25 AM by DeFireX.org
 #4

How is the profit generated? What is the yield farming model?

The DeFireX Smart Contract is using flash loans on dYdX to quadruple the user's deposit inside the Compound which increases the rewards in COMP tokens. After that the COMP tokens are converted to DAI via Uniswap platform. All in all, the user is able to withdraw the accrued interest in DAI stablecoins.

We use the dYdX liquidity to perform the flashloans with leverage up to $ 35 million by paying a small commission to the service. We use Uniswap to get accrued income fixed in stablecoins.

By pooling liquidity in a single pool, profit is able to be withdrawn within one transaction on the DeFireX platform. This solution helps to save up on the commissions in the network.

We have detailed this in our Medium article.
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February 25, 2021, 12:03:44 PM
 #5

We had posted Your ICO on Our Website.
Kindly check it out! And let us know if anything is missing regarding this post.

URL: https://decremist.com/listing/defirex/

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February 25, 2021, 01:09:09 PM
Last edit: February 26, 2021, 04:06:15 PM by DeFireX.org
 #6

We had posted Your ICO on Our Website.
Kindly check it out! And let us know if anything is missing regarding this post.

URL: https://decremist.com/listing/defirex/



Great news! New partnerships are always good! We are glad that you liked our project and that you appreciated our functionality!


Let me remind everyone, that we offer reliable Yield Farming with the best conditions % APY 🚀

Today Profit on DeFireX:
▪️ DAI - 23.8% APY
▪️ USDC - 23.8% APY
▪️ ETH - 14.1% APY
▪️ wBTC - soon
▪️ DFX - soon
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February 25, 2021, 01:23:07 PM
 #7

The project seems to be attractiv. Stablecoin farming on Compound should be secure and robust. Can you tell in more detail about your experience with Binance?

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February 25, 2021, 02:08:50 PM
 #8

Yield farming, very hype project! The main thing is to get into it Smiley
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February 25, 2021, 11:45:53 PM
 #9

Somehow the site https://www.defirex.org/ isn't working properly for me, even turning on a VPN does not have any effect.
Wanted to see the token contract address, I notice that this project already hold an airdrop since october 2020 and get over $2,2M liquidity in 2 hours, so there should be lot of holders right now and already traded on an exchange. Btw, what is the value for DFX token at this moment?

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DeFireX.org (OP)
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February 26, 2021, 10:00:36 AM
 #10

The project seems to be attractiv. Stablecoin farming on Compound should be secure and robust. Can you tell in more detail about your experience with Binance?

In cooperation with the xDAI team, we have implemented a Cross-chain bridge dDAI on BSC that makes possible liquidity mining on Ethereum mainnet within Binance Smart Chain. This means that you're able to save more than 100 times on the commissions to start farming with the same reliability level as in Ethereum mainnet.  Now the best liquidity farming mechanics have become available for users with small deposits.

Mechanics that are used by the DeFireX team eliminate all types of risks present in other DeFi projects which were proved by an audit made by the Pessimistic team. It's one of the best solutions for stable and secure profit-generating for the best-known assets, such as DAI, ETH, USDT, and BTC.



Somehow the site https://www.defirex.org/ isn't working properly for me, even turning on a VPN does not have any effect.
Wanted to see the token contract address, I notice that this project already hold an airdrop since october 2020 and get over $2,2M liquidity in 2 hours, so there should be lot of holders right now and already traded on an exchange. Btw, what is the value for DFX token at this moment?

Thanks for your feedback! Indeed, our CNAME record was configured incorrectly - now our website is working OK on request via WWW.

Yes, in October 2020, we announced that we would conduct an Airdrop, and all this time we were making snapshots of wallets that provided liquidity to our service. The DFX token wasn't still distributed - this is planned for March 2021. Now we only have the technical token dDAI for mutual settlements with users. dDAI is stablecoin, 1 dDAI = 1 DAI
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February 26, 2021, 11:38:29 AM
 #11

How is the profit generated? What is the yield farming model?

The DeFireX Smart Contract is using flash loans on dYdX to quadruple the user's deposit inside the Compound which increases the rewards in COMP tokens. After that the COMP tokens are converted to DAI via Uniswap platform. All in all, the user is able to withdraw the accrued interest in DAI stablecoins.

We use the dYdX liquidity to perform the flashloans with leverage up to $ 35 million by paying a small commission to the service. We use Uniswap to get accrued income fixed in stablecoins.

By pooling liquidity in a single pool, profit is able to be withdrawn within one transaction on the DeFireX platform. This solution helps to save up on the commissions in the network.

We have detailed this in our Medium article.
I have read it. So, your service simplifies the multiple lending on the Compound platform while you take a loan for relatively low borrow rate and lend it again and accruing the COMP bonuses for these operations.

P.S. liked the idea that the income is set in stablecoins
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February 27, 2021, 09:39:30 AM
 #12

Do you have the governance token?  How is it possible that the rewards for DAI staking is 3x more than the competitors? Who takes such expensive loans?
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February 27, 2021, 05:45:10 PM
 #13

It is a big plus that DeFireX smart contract provides the ability to withdraw funds through any available Blockchain Explorer even if the site is not working
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February 27, 2021, 06:12:16 PM
 #14

Do you have the governance token?  How is it possible that the rewards for DAI staking is 3x more than the competitors? Who takes such expensive loans?
If I'm not mistaking, they use of dYdX flash loans helps to increase the rewards
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March 01, 2021, 09:08:52 PM
 #15

Do you have the governance token?  How is it possible that the rewards for DAI staking is 3x more than the competitors? Who takes such expensive loans?

I also saw the project now and I confess that I also don't understand it very well and I have the same doubt that you have. I'm reading more on their website and since I don't have a telegram it gets very complicated because if I had a telegram I would ask this question on their telegram channel. so I suggest that you ask this question on their telegram channel: https://t.me/defirex




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March 01, 2021, 09:57:00 PM
 #16


As I got this system can provide both yeld farming and swapping options. And the best are DAI and USDC. Or it is better to use only one yield pair?
How much should I hold to get good rewards monthly?
And what is it better to use? Your opinion
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March 01, 2021, 11:53:56 PM
 #17

I saw Defirex announcing the launch of the Airdrop program for active users of the platform, but the details of the Airdrop time have not been explained. can you explain when the airdrop starts and ends?
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March 02, 2021, 11:19:15 AM
 #18

I saw Defirex announcing the launch of the Airdrop program for active users of the platform, but the details of the Airdrop time have not been explained. can you explain when the airdrop starts and ends?
maybe they mean the bounty program, and now it's started you can see it here https://bitcointalk.org/index.php?topic=5320611.0, but I don't know it's just my thoughts

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DeFireX.org (OP)
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March 02, 2021, 12:48:08 PM
Merited by CryptopreneurBrainboss (1)
 #19

Do you have the governance token?  How is it possible that the rewards for DAI staking is 3x more than the competitors? Who takes such expensive loans?

We are planning to release our governance token in March. We're currently running AirDrop, so get involved! =)

Do you have the governance token?  How is it possible that the rewards for DAI staking is 3x more than the competitors? Who takes such expensive loans?
If I'm not mistaking, they use of dYdX flash loans helps to increase the rewards
Regarding your question on lending - Mr. SOCAR answered everything correctly, we use dydx loans, and you can see  the deposited volume and loans directly in Compound.

Do you have the governance token?  How is it possible that the rewards for DAI staking is 3x more than the competitors? Who takes such expensive loans?

I also saw the project now and I confess that I also don't understand it very well and I have the same doubt that you have. I'm reading more on their website and since I don't have a telegram it gets very complicated because if I had a telegram I would ask this question on their telegram channel. so I suggest that you ask this question on their telegram channel: https://t.me/defirex

What you are talking about is our official Telegram channel, where we publish mainly project news and new functionality for Yield Farming.
You can ask any question you are interested in here on the forum, or write to our Telegram chat: https://t.me/defirex_chat_en . We will definitely answer any question that interests you!


As I got this system can provide both yeld farming and swapping options. And the best are DAI and USDC. Or it is better to use only one yield pair?
How much should I hold to get good rewards monthly?
And what is it better to use? Your opinion

That's right! You can use 1 asset for Yiled Farming in DeFireX. You don't need to have 2 or more assets in your wallet, but you can. For example, you can farm both DAI only and have an open account in both DAI and ETH at the same time! I'm not sure if it would be a good idea to recommend an investment strategy, but most of our users choose to farm with DAI because it is the most reliable way to make profit in stablecoins with the most attractive APY percentage on the market, without the risk of a deposit drawdown.

I saw Defirex announcing the launch of the Airdrop program for active users of the platform, but the details of the Airdrop time have not been explained. can you explain when the airdrop starts and ends?

The AirDrop results will be distributed in March, and AirDrop itself has been underway for several months, using the snapshot technology. You can read more about this in our Medium article.

I saw Defirex announcing the launch of the Airdrop program for active users of the platform, but the details of the Airdrop time have not been explained. can you explain when the airdrop starts and ends?
maybe they mean the bounty program, and now it's started you can see it here https://bitcointalk.org/index.php?topic=5320611.0, but I don't know it's just my thoughts

Including this program, but this is not the main part of AirDrop, which will take place in March. This Bounty Program offers DAI rewards using the Binance Smart Chain! So join in and be among the first to win! And be sure to visit our website with the updated personal account interface.

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March 02, 2021, 05:05:05 PM
 #20

Wow, commissions for YieldFarming reduced 100 times and now only $0.2 Instead of $200. But how did you do such a small fee?
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