Most developers try their best to ensure that their Smart Contracts are completely secured by having third parties audit them. Unfortunately, after all this rigorous testing, some of them still have bugs that make the platform very vulnerable. There are several stories that investors can relate to with regards to impermanent loss on smart contracts. This shortfall can’t stiffen the DeFi space's growth; hence, Molten Finance's team came with LAVA Protocol to ensure investors enjoy all the Decentralized Finance features without any fears of losing funds.

LAVA Liquidity Protocol Explained

The creation of this protocol within the Molten Finance Ecosystem was necessary as fees earned on the Molten Contract were stuck and not distributed to users within the ecosystem. The community members have collectively earned these funds by all their operations on Molten Protocol, but sadly there was no reaping of their own hard work. The team decided to create LAVA to rectify this situation and give back to their community supporters safely.

The protocol has 3 basic flows of the rate of transactions charged across the protocol. The protocol will have a starting tax rate of 6% of all transactions and distribute it across it to both MOL and LAVA stakers. Out of this 6%, 2% will be distributed to users staking MOL, and the remaining 4% will be automatically locked in the ETH/LAVA pool. From this pool, or Volcano as the community prefers to call it, 50% will be distributed to LAVA stakers, and the rest will be sent to the Ethereum burnt address.

The opportunities Yield Farmers have on LAVA Protocol

The team leading this project's course has the community's interest, both the experienced and greenhorns. Thus, they have made different avenues that will make it possible for everyone to increase his/her yield with ease. These ways of yield farming have been described below:

How to earn ETH/LAVA Liquidity Pool Tokens

They have developed a staking application where users can stake their LAVA and earn from the overall tokens generated on the ETH/LAVA Liquidity Pool Tokens. This is a unique feature from Molten Finance as most projects will rather require you to stake LP tokens to be rewarded. This makes it simple for the starters in the DeFi space to increase their yield.

In addition to this, the rewarded ETH/LAVA LP tokens will also earn users trading fees from Uniswap. Another way to look at this is that one can un-pool his LP Tokens and still stand the chance of earning ETH and LAVA directly into his own wallet.

What makes LAVA a sought after gem

LAVA Tokens has a fixed supply; hence it has zero inflation in the long term. To further strengthen its tokenomics, the team has put measures to make it a deflationary token that will gradually be burnt as the platform grows.

LAVA's sale came with a maximum cap purchase of 125$ per person to prevent whales from buying it all up. The overall distribution has been transparent and fair all this while. Chief Architect has equally audited the smart contract at Swipe to ensure the protocol's full security.

In Summary

Just as the molten in the volcano never stops flowing, so that users in the Molten Ecosystem earn. If you look at the protocol and how they have structured it, you earn in either way. Whether you get actively trading or you hodl your tokens, you still get the chance to earn.

Disclosure: This is a sponsored post. Readers are encouraged to conduct further research before taking any action. Crypto Adventure does not endorse any crypto projects cryptocurrencies listed, mentioned, or linked to on our site.

Flaming Farm is the world's first deflationary yield farming platform. It plans to revolutionize Decentralized Finance (DeFi) through the roll-out of a unique deflationary protocol.

The project's dev team is working to eliminate all the technical barriers from DeFi investing by introducing an advanced user interface that makes staking crypto assets a breeze. Investors can use this intuitive portal to monitor all investments by viewing past, current, and projected earnings with just a glance.

Flaming Farm promises to be the most advanced yield farming protocol to enter the DeFi market yet. Users will gain access to a wide variety of staking pools currently supported by the platform, including ETH, USDT, and DAI pools.

Join the Flaming Farm Token Sale Now!

The Flaming Farm platform has just unveiled its highly anticipated public token sale event. Investors can now join liquidity pools by purchasing FFARM tokens from the Presale.

To participate in the token offering, crypto holders can deposit up to 20 ETH to the project’s official ETH address (0xbb3fd6d1d804c19eb9cb1f9f43a27c8690df1df2). All participants are advised to use the metamask wallet or any other trusted wallet with ERC 20 token support to send ETH to this address.

Flaming Farm plans to issue 4000 FFARM Tokens allocated to 600 ETH at a presale price of 0.16 ETH. The event is scheduled to go on for ten days or until the hard cap of 600 ETH is reached. There is no minimum investment to join.

Following the token Presale, all investors can get their FFARM tokens at the same address from where they will send ETH. All unsold Presale tokens will be burned after the Presale ends, followed by listing the FFARM token on Uniswap and FlamingSwap.

This listing will allow investors to trade their tokens on the world's largest decentralized exchange (DEX). Holders of FFARM can use this ERC-20 compliant token to transfer value in seconds. What's more, they get more flexibility in wallets, DEXs, Dapps, and exchanges since the token is fully compatible with the Ethereum ecosystem.

Following the Presale, FFARM holders can participate in yield farming, where they can stake their tokens and earn a lucrative annual percentage yield (APY) from 100-500%, depending on the pool.

There is no locking time for farming, so investors can unstake and claim their farming rewards whenever they wish. Users will get bonus APY rewards in the first 48 hours.

Combating the Risk of Inflation Facing DeFi Users

The dedicated team behind Flaming Farm is aware of the menacing issue of inflation in the farming world and has designed a DeFi protocol to solve this problem.

Existing yield farming protocols frequently issue liquidity pool tokens to investors with the intention that the tokens will increase in value as the size of the liquidity pool grows.

However, this principle hasn't played out in real-life applications. As each new token enters the protocol, supply circulation quickly exceeds the demand, reducing the token's overall value.

Flaming Farm plans to solve this inflation risk by introducing the world's first deflationary Yield Farming platform. The platform’s algorithms automatically monitor liquidity pool levels. If the system detects a drop in available liquidity in the pools, the network eliminates around 2.5% FFARM tokens from the pool.

This automated burning rate serves as the first line of defense against inflation. The reduction in supply is instant, and the effects are felt immediately. By reducing FFARM tokens in circulation, the protocol ensures that the tokens retain their value.

This unique burning system is designed to increase the value of $FFARM after PreSale and give DeFi users the peace of mind they desire.

For more information:

Telegram | Website | PreSale Contract

Disclaimer: This is a paid press release! Crypto Adventure does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products, or other materials on this page. Readers should do their own research before taking any actions related to the company. Crypto Adventure is not responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods, or services mentioned in the press release.

Flaming Farm wants to remove all the technical barriers from the yield farming process. The platform combines an interactive interface with detailed asset performance data to simplify the process. Additionally, the developers introduce a proprietary deflationary mechanism to provide strong token price support.

Welcome to the World of Yield Farming

Yield farming protocols continue to see adoption in the market. These networks allow anyone to stake their cryptocurrency and earn rewards. Staking is a term used to describe the act of locking up your crypto in a smart contract for an agreed time.

There are many reasons to stake. Proof-of-Stake networks utilize staking to validate transactions and the state of the blockchain. DeFi platforms take the concept a step further and allow people to stake their crypto to provide liquidity to projects. Investors in these pools lock their crypto up and receive pool tokens in return. These tokens go up in value as the liquidity rises. This strategy allows users to earn their staking rewards and extra ROIs due to the token's value increasing.

Yield farming takes this concept further. Yield farmers agree to stake their tokens into large liquidity pools. These pools function as a decentralized bank. Users can take out short-term loans from these pools. Lenders receive interest on top of their repayment for participating in the pool. Best of all, the pool’s centralized nature ensures that your loan repayment occurs regardless of if the lender repaid on time or not.

Yield Farming Beats Trading Hands Down

Yield farming is a better option than trading for new users for many reasons. Primarily, your returns are more consistent. Additionally, you are not trading your crypto, so your not going to lose your investment. The entire concept of yield farming revolves around the idea that there is a ton of cryptocurrency sitting idle in the market. Now it can produce returns without all of the risks of trading.

Trading requires you to invest time into understanding the market, trading strategies, and the projects. The average new user just wants to earn some profits and better understand the technology at first. Once they fully grasp blockchain technology and the niche each firm fills, they are ready to move on to trading. However, given the market’s volatility, most DeFi traders may remain in this sector for the foreseeable future.

What Makes Flaming Farm Different

Flaming Farm introduces a deflationary protocol into the yield farming equation to help control inflation. Inflation is a serious concern in the market at this time. These issues arise from the fact that new tokens issue every time funds enter the pool.

First-generation platforms now realize that this method of monetary issuance leaves the market unbalanced. Yet, they have no way to correct the issue. When you combine this scenario with the market’s speculative nature, it’s easy to see the potential for runoff sales and token inflation.

Flaming Farm attempts to correct this issue in various ways. The system continuously monitors its liquidity pools and adjusts the circulating supply of FFARM tokens when it’s determined that it’s necessary to sure up prices. This system supports the ETH, USDT, and DAI pools at this time. Developers stated that the protocol begins with a 2.5% burn. From there, the system moves up according to the situation.

Continues Liquidity Mechanism

Another feature that makes Flaming Farm different is that its fees feedback into the liquidity pools. Everyone in the pool gains a portion of transaction fees, exchange fees, and staking entrance fees. This added liquidity also increases the overall pool's value. In turn, the pool's token appreciates.

How to Invest in Flaming Farm

Flaming Farm started its private sale earlier in the month. The private series ended as planned, with the firm securing funding to commence the public sale. This stage of the event began on December 10th, at 11:40 AM UTC, and will continue for the coming weeks. The private sale price is 0.12ETH per FFARM token, and there is a minimum investment of 0.5 ETH. Notably, large investments have a cap of 30 ETH.

Uniswap And Flaming Swap Listing

Uniswap is the largest DEX and Ethereum Dapp in the world today. It provides valuable liquidity to projects in the market. Flaming Farm will launch a Uniswap pool following the completion of its crowdsale. There are arbitrage trading opportunities for early bird investors as the Uniswap listing price is higher than the current presale price. But of course Flaming Farm will launch their own Dex called FlamingSwap, that will have a unique design and better rewards for farmers.

Other Cool Flaming Farm Features

Flaming Farm developers wanted to streamline yield farming for the average user. The platform features a well-designed interface that allows you to monitor your staking investments in real-time. You can also check your past, current, and future earnings with just a glance.

Community Governance

Flaming Farm leverages a transparent community governance model to approve significant network changes. Users can vote on important matters, such as adding new liquidity pools to the platform. Your voting power is determined by the amount of FFARM tokens your hold. This strategy eliminates malicious parties from the community because they would need to commit to the project to have a say. As such, they would only hurt their own ROI.

ERC-20 Family

Experienced DeFi investors will tell you that Ethereum is the network of choice for users at this time. Ethereum is one of the largest and most secure blockchains in the world. Impressively, every ERC-20 token shares various standards that allow them to be stored in any compatible wallet or traded on any ERC-20 compliant exchange. This interoperability brings a lot to the overall usability of these tokens.

We Don't Need No Water

The developers behind the Flaming Farm protocol wanted to shake things up a bit. Their deflationary approach could be the answer to the inflationary woes creeping around the corner. For now, the platform is ready to show the market its capabilities following the completion of its presale event.

Business owners are in a crunch right now, with the current state of the market leaving many entrepreneurs suffering. The global pandemic continues to wreak havoc on the economies of the world. Worst of all, in many places, Covid cases are on the rise. This situation has left vendors more vulnerable than ever before. Luckily, there is one firm that thinks they have a solution to their woes – PlasmaPay.

Hybrid Solutions

PlasmaPay is a crypto payment processor and FinTech ecosystem with a twist. Merchants that utilize PlasmaPay’s crypto portal gain access to powerful DeFi tools. DeFi, or decentralized finance, converts traditional financial systems to a decentralized equivalent. The really cool thing about this conversion is that the profits banks normally take are spread between regular users.

PlasmaPay integrates various DeFi protocols to provide users more opportunities to earn. The network recently added merchant DeFi services. Notably, PlasmaPay is the first payment processor to attempt such an integration. The firm's newest protocol allows merchants to allocate a certain amount of their daily earnings for DeFi liquidity staking.

Liquidity Staking

The expansion of the DeFi community has helped to normalize some advanced features in the sector including liquidity staking. The way liquidity staking works is simple: users lend out their crypto to large liquidity lending pools. The purpose of this pool is to provide other users with funding to borrow against.

Unlike your traditional banking system, where the bank receives any profits gained from lending out your funds, you receive repayment plus any interest directly. Since all the funds staked in the liquidity pool continually earn interest, most liquidity pool repayments go back into the pool plus interest, further increasing the network’s profitability. Even more amazing is the fact that these liquidity pools service so many users, it doesn't matter when the person who borrowed your funds repays the loan. Your repayment is guaranteed from other funds gaining interest in the liquidity pool.

PlasmaPay Boosts Profits

Now imagine that you are a vendor who accepts cryptocurrencies for your services. Since the start of the Covid-19 pandemic, you have seen a steady drop in business due to tighter restrictions placed on both owners and consumers. Instead of taking these growing losses without any action, you decide to stake your daily earnings into PlasmaPay's DeFi services. Now you can look forward to consistent rewards on top of your original earnings. Best of all, the more you stake, the more you earn.

Easy Staking

PlasmaPays interactive interface makes it simple for businesses to decide exactly how much of their daily earnings they would like to stake in pools. Simply select the amount and the liquidity pool you desire to stake your funds in. You can track your profits and all of the most relevant data you need directly from this helpful portal. Developers created the merchant services portal in a way that ensures it can function properly on nearly any web-enabled smart device.

Staking Your Favorite Coins

What if you could stake the coins that you already HODL? This is the question that PlasmaPay answers with the introduction of their wrapped Bitcoin functionality. PlasmaPay allows users to wrap their Bitcoin and place it onto the Plasma Chain. Once these Bitcoin are wrapped, they gain access to the entire suite of DeFi services available on the system.

Use Your Portal Anywhere

The web-based design of PlasmaPay's payment processing portal is also interoperable with other systems, primarily, online sales systems such as WooCommerce. The integration capabilities of PlasmaPay into WooCommerce are a major accomplishment for the firm and the entire crypto sector in general. Currently, WooCommerce accounts for payment processing on 30% of all online companies worldwide.

Plasma Chain Makes it All Possible

The complete PlasmaPay protocol lives on the Plasma Chain. This DeFi-centric blockchain is the first in the world to focus on these new financial instruments exclusively. The network introduces some new features and capabilities that are sure to lure many developers and users away from the current status quo – Ethereum.

Say Bye to Gas Fees

One of the most impressive aspects of Plasma Chain is the fact that there are no gas fees for developers. Gas fees were first made famous by Ethereum. Gas is an internal cryptocurrency used to fund the execution of smart contracts. Originally, gas fees helped to ensure that programmers didn't flood Ethereum's blockchain with bad coding. However, the purpose-built and DeFi focused aspects of Plasma Chain remove these concerns.

The removal of gas fees makes it possible for developers to create new and more robust Dapps to support the Plasma Chain ecosystem. Impressively, developers can pass on these savings and develop financial applications that require no transaction fees.

Easy Setup

Another major draw for PlasmaPay is the easy set-up. PlasmaPay developers took great care to streamline the entire experience for users. In this manner, PlasmaPay functions as a one-stop platform for all your crypto needs. Specifically, you can send and receive crypto using the platform's wallet, utilize mobile apps, start corporate accounts, leverage a powerful distributed ledger, and convert your fiat currency directly into cryptocurrency in seconds.

Impressively, all of this functionality comes with low transaction fees, high speed, interoperability, and easy accessibility. In terms of speed, PlasmaPay is faster than the top payment processors in the world. Currently, PlasmaPay can handle 160,000 tps according to the firm’s throughput tests.

Comparingly, VISA's network claims it is capable of around 24,000 tps. However, the reality is that the VISA processes only around 1,700 transactions per second. This truth gives PlasmaPay a huge advantage in the market moving forward.

PlasmaPay Sees Growing Adoption

Impressively, PlasmaPay managed to secure a solid following since its creation in 2018. Today, the network services 160+ countries with over 100,000 users and businesses. Additionally, the team continues to secure partnerships within the market. All of these factors make it safe to say that PlasmaPay has a bright future ahead of it.

SwapDEX is ready to change the DeFi game forever with their latest release. The open-source DEX (decentralized exchange) announced plans to introduce direct wallet-to-wallet limit orders. The news makes SwapDEX the first platform in the sector to accomplish this task. Investors have often requested this feature because it’s more secure and cost-efficient than their current options. Consequently, SwapDEX is now on pace to revolutionize the sector moving forward.

Users Want More Functionality

SwapDEX was built from the ground up to compete against Uniswap directly. Uniswap is currently the number one DEX and Ethereum-based Dapp in the market. The platform helps provide much-needed liquidity in the sector. However, the Uniswap trading experience leaves much to be desired. For example, Uniswap users lack access to some of the most basic trading functions, such as limit order.

Limit orders allow investors to pre-set their exact buy and sell prices. While this seems like a feature that would be found on any exchange, it’s native to the centralized exchange market. DEXs are a bit different. DEXs such as Uniswap don’t offer limit orders because of how their market aggregator engines work. Market aggregators scan other DeFi liquidity pools to find the best spot price. They are extremely popular because they ensure that users receive the optimum trading price for their digital assets.

SwapDEX Upgrades the Entire Process

SwapDEX developers listened to the community’s concerns and devised a unique protocol to bring direct wallet-to-wallet limit orders to the market. The platform will utilize a next-level dual exchange strategy. Even more impressive is that developers were able to accomplish this task while keeping the UX top notch.

Swap System Protocol

The Swap System protocol is a new type of trading tool that allows users to access an easier way to trade digital assets on the blockchain. One of the most significant benefits of this approach is the added selection traders obtain. For example, the new system allows anyone to be a maker or taker straight out of their wallet. Best of all, the system provides untethered ease of access to hundreds of markets straight out of the security of your wallet. This approach reduces the number of fees you pay when compared to earlier DEXs such as Uniswap.

Besides lower fees, various other benefits will make SwapDEX a wise decision for those seeking a more streamlined DEX experience. Specifically, SwapDEX users have free listings for new tokens, high liquidity, and a selection of new trading functionalities to expand their ROIs.

Taker or Maker

The SwapDEX ecosystem will create a truly unique and open market experience. You can choose between becoming a taker or maker whenever you trade. You can also become a liquidity provider or just swap your assets more efficiently. In this way, SwapDEX simplifies the entire DEX investment experience.

A Powerful Liquidity Provider

As part of SwapDEX's strategy to unseat Uniswap from the top spot in the market, the platform has added a host of features that are sure to excite investors. Specifically, projects can add their token to the exchange for free. This strategy provides the market with another powerful liquidity provider to get new projects off the ground. Anyone can create a market for their token in minutes using the intuitive interface.

Keeping along these lines of market inclusivity, SwapDEX invited Dapp developers to benefit from its growing community. The network features full interoperability within the Ethereum ecosystem. This commitment to interoperability means that anyone can build applications and leverage the powerful features found on SwapDEX.

No Human Error

The SwapDEX ecosystem is a collection of smart contracts. These protocols dictate all the core functionality of the platform. User’s rewards, trades, and other vital components of the network function autonomously using these protocols. In this way, SwapDEX developers eliminate any chance of human error from the equation and ensure that all participants receive their rewards promptly.

For the People

SwapDEX's development team sought to revolutionize the sector with its next-gen functionalities. The platform champions decentralization with its governance model. Users will be able to vote on all significant network changes, upgrades, and additions. In this aspect, SwapDEX functions similarly to a DeFi platform in that users gain voting rights based on the number of governance tokens they hold.

The SDX token is the governance token for the SwapDEX network. This resilient digital asset allows users to send, receive, store, stake, and trade assets in a seamless manner. Users also receive their staking rewards in the form of SDX tokens. Notably, the SDX token is an ERC-20 compatible token that enjoys the full interoperability of the Ethereum network.

There are hundreds of thousands of ERC-20 tokens in the market today. Additionally, there is a thriving community of ERC-20 token Dapp developers. ERC-20 tokens are by far the most popular in the world. They dominate the DeFi sector, and for good reasons. The interoperability allows developers to leverage the full potential of the market by maximizes cross-network communication.

No KYC

Another draw for SwapDEX is its privacy. Users can trade, store, and receive assets without the need to fill out cumbersome KYC and AML forms. Users gain more control over their assets and privacy when they stick with DEX aggregators such as SwapDEX.

SwapDEX – Additional Feature Worth Mentioning

SwapDEX has so many features to help you advance your crypto investment strategy. For example, the platform also offers P2P and In-House Loans via yield farming pools. These pools allow anyone to take the place of a bank and earn interest, lending out their digital assets directly to other users. Notably, your loan specifics are determined by the amount of equity held in the SDX token

SwapDEX- Tomorrow’s DeFi Exchange

SwapDEX is more than just a DeFi DEX. The platform introduces a new way to trade in a secure and cost-efficient manner. The developers behind this project succeeded in creating something unique and of value to all users. For these reasons, SwapDEX is sure to have a bright future.

The deflationary yield farming platform, Flaming Farm, announced its public crowdsale this week. The event starts on December 10, 2020, at 10:00 AM UTC, following the release of their smart contract audit. The presale price for FFARM tokens, the network’s native governance token, is set at 0.15 ETH. You will need a minimum of 0.5 ETH to participate in the event. Interestingly, whale investors are capped at 20 ETH. The network has a presale hardcap of 600 ETH.

Why all the Hype?

Flaming Farm is unique because it is the first deflationary yield farming platform to hit the market. Yield Farming is the hottest feature in DeFi at this moment. These peer-to-peer lending protocols utilize large liquidity pools to provide users with the ability to stake their idle crypto and earn rewards.

Users and new projects can then take out short term loans from these pools. These loans are repaid directly back into the pool plus interest. This process adds more liquidity to the pool and increases the liquidity pool’s token value. Consequently, users gain interest and the added appreciation of the token.

Yield farming is an attractive option for new users because it doesn’t require any prior cryptocurrency understanding. Compared to trading, yield farming produces more dependable rewards and requires all-around less work. You don’t need to spend hours researching projects and market conditions to stake your unused crypto in a liquidity pool.

Transform the DeFi Sector Forever

Flaming Farm improves on the yield farming model with the introduction of a deflationary protocol. This network was designed to combat the biggest problem facing the DeFi sector today, inflation. Liquidity pools issue tokens to investors when they stake. The more they stake, the more tokens they receive.

These tokens are especially susceptible to inflation as there is no predictable monetary supply. Instead, there is a flood of new tokens in collaboration with mostly speculative investors. Together, these two factors spell a recipe for disaster in the form of run-off sales. Flaming Farm users escape this fate thanks to the intuitive minds behind this next-gen DeFi ecosystem.

Deflationary Protocol

Flaming Farm relies on a Token Value Control mechanism that automatically burns a certain percentage of the FFARM tokens in circulation based on the pools’ available liquidity. The developers have set this protocol to begin at 2.5% and increase based on the network’s liquidity. In this way, the system preemptively removes inflationary risks for users.

Self-Fulfilling ROIs

Notably, a percentage of all Flaming Farm's network fees go back into the liquidity pools. The network charges a small fee every time users make transactions, trade, and stake in pools. This strategy creates a liquidity cycle that bolsters the platform’s pools and the governance token's value.

Vote on Key Upgrades

Flaming Farm follows the inclusive governance models found in most second-generation DeFi platforms. Users gain the ability to vote on all vital changes to the network. These changes include updates, new pools, and fee changes. To participate in the governance model, you need to hold FFARM tokens. The more tokens you have, the more voting power you possess. This strategy ensures that the voting majority carries the most financial risk.

Flaming Farm – A Unique Opportunity in a Sea of CopyCats

A flood of yield farming platforms entered the market this year. However, none possess the powerful deflationary technologies utilized by Flaming Farm. In this way, the platform provides the DeFi sector with a better alternative to the status quo.

For more information:

Telegram | Website | PreSale Contract

Prophet Finance considering its token fundamentals was developed to ensure investors earn a high annual per yield on their capitals. This was achieved through a series of mechanisms put in place to ensure the token has strong support against extreme bearish conditions of the crypto market.

What does Prophet Finance Stand For?

Prophet Finance is a fork of Reflect Finance but with refined features for the longevity of the protocol. They are aiming to bridge the gap of difficulty in yield farming. Most farming methods out there require users to go through a whole lot of technical processes. This ends up getting the interests of such beginners down.

First of all, it had a fair launch with a capped sale of transactions avoiding any chances of early investors scooping large numbers of tokens. The whole concept of this project is to charge currently 3% fee of all transactions made on the protocol and redistribute it to holders.

Features that would sustain the Protocol in the Long-term

Many projects have fallen out since the race began in the digital space and you can relate some of these failures to poor tokenomics or organization of operation of activities. In view of this, the team behind this project has put good mechanisms in place to ensure the smooth running of the Prophet Finance Protocol in the years to come.

A Deflationary Token Supply

Scarcity of supply has always been one of the good support systems for stabilizing the value of cryptocurrencies. Consider most of the major cryptocurrencies like Bitcoin, DASH etc. and all of them have a capped supply to regulate its value across the open market. However, in the case of Prophet Tokens, they have a limited amount of supply and a burning rate of 1% on all transactions on the protocol. About 6.5% of the token has already been burnt increasing the demand of the few within the ecosystem at the moment. From a long-term perspective, the value of this token will rise steadily as the project grows and expands.

Flexible Fee System

Another feature that was really refined in a decentralized manner is the rigid fee system of Reflect Finance. While, Reflect had its fee strictly at 1% Prophet had a starting rate of 2% and also made it possible that this rate can be changed based on community request. Since its launch this has been increased to 3% as per the time of writing. This makes sense, as it creates a fair system where new investors would also have the chance to earn enough rewards from their purchase. Having it strictly at 1% only contributes huge rewards into the wallets of early supporters.

In addition to this, are Robust Liquidity that has been provided as well as Rewards for Liquidity Providers. Read a previous review of this project to find more about these features and how they sustain the Prophet Finance Ecosystem.

Partake in the Lottery with Zero Risk

The team as part of their efforts to keep the community active with activities have come up with a risk free lottery that will reward the lucky participant. Users have to purchase exactly 200 $Prophet Tokens in order to make a pledge and can do this once a day. This gives each member a chance of 7 tickets in a week. Draws are made at the end of the week and the lucky winner is awarded an amount of 5000 tokens. Users who did not win would receive their tokens back from the Offertory address. Follow up on this article for more information about the Prophet Zero Risk Lottery.

The Power in the hands of the Community through a DAO

Right from the onset of this project, the interest of the community has always been placed first. To make this official, a Decentralized Autonomous Organization has been created to put the power into the hands of the people. Through this DAO the community can make proposals of adjustment with regards to features such as Tax Rate, Burn Rate and other community activities. Token Holders will be able to apply to be part of the governing community once full details about it is announced. In the long run this also adds up to the utility of the token to add more liquidity on the market.

In Conclusion

Yield Farming began as an earning space for experienced crypto investors cutting off the huge number of new investors that are entering the space every day. Initiatives like Prophet Finance have made it simple by just holding your tokens in your wallet and enjoy a 3% rate of rewards on all transactions that are made. According to the developers, it’s their plan to really see that this initiative is a decentralized one hence the creation of a community Decentralized Autonomous Organization.

In recent years, the decentralized finance (DeFi) sector has witnessed enormous growth, with over US 9 billion in crypto assets stored in DeFi platforms. Despite its incredible growth, the DeFi sector faces several known risks. DeFi lending platforms typically issue decentralized stablecoin loans collateralized with tokens, usually ETH.

To get such loans, borrowers need to stake more than they borrow. For instance, a loan of $500 requires staking $1000 worth of the token. However, this system of lending is vulnerable to liquidity risk since cryptocurrencies are quite volatile as susceptible to a sudden price drop. Drop-in prices on token taken out as loan can lead to a liquidation cascade where DeFi users' positions become liquidated.

Chalice. Finance is a revolutionary DeFi platform that seeks to alleviate liquidity risk in the DeFi lending sectors by protecting user positions against price fluctuations. Here's how the platform eliminates liquidity risk in the quickly expanding DeFi lending sector.

About Chalice.Finance

Chalice.Finance is a DeFi lending platform that offers users collateralized loans & stable coins on many ERC-20 crypto assets. The platform also offers multi collateral debt positions accommodating BTC and other top 10 cryptocurrencies by market cap.

Additionally, Chalice. Finance integrates the Chalice network, which features an algorithm that allows users to take loans, i.e., self-issue loans autonomously.

Integration of the Chalice Protocol

As mentioned above, Chalice. Finance integrates the Chalice Protocol built on the Ethereum blockchain. The protocol is the core attribute of Chalice. Finance and functions to allow users to create their own cryptocurrency.

Elements of the Chalice Protocol are the Chalice Collateral Vaults, Chalice (CHAL & CHALx) token, Oracles. Essentially, the Chalice Protocol functions to govern the Chalice Protocol by deciding on key factors such as stability fees, types, and rates of collateral through the voting power of Chalice holders.

Features of the Chalice Protocol includes:

Self Issue Loan- Through the Chalice Network, users can self-issue loans by simply instructing the platform

Multi-collateral Debt- Chalice Network allows users to take loans by using their cryptocurrency holdings as collateral

Stable-coin- Chalice Network issues loans to users in a stable coin format, i.e., USD-pegged stable coin. The most commonly issued loan is BUSD/USDT.

Collateral Assets and Liquidation

Users can collateralize their crypto assets on the platform in exchange for USDT/BUSD and the CHALx Stable coin. CHAL holders vote to accept a collateral asset, i.e., a digital asset that can be accepted into the Protocol.

Collateral assets held in Chalice Vaults on the Chalice Protocol functions to keep CHALx stable. In the generation of CHALx, the Chalice Protocol accepts any ERC-20 token approved by CHAL holders as collateral.

CHAL holders also vote to approve certain, conforming Risk Parameters for each accepted collateral. In the approval, more risky assets are evaluated using Risk Parameters while more stable assets are evaluated using less strict Risk Parameters.

Governance

The governance mechanism of the Chalice Finance Protocol is developed to be as flexible and upgradable as possible. To vote or submit a proposal within the ecosystem, users must first hold and stake CHAL.

Each staked CHAL equals 1 vote within the platform. Also, to propose a topic for voting, users will be required to deposit USD 100 worth of CHAL.

CHAL holders can vote to implement several issues, including:

Determine the set of Oracle Feeds

Determine the set of Emergency Oracles

Choose to upgrade the system.

Trigger Emergency Shutdown

Introduce a new collateral asset type with a unique set of Risk Parameters

Change the Risk Parameters of one or more existing collateral asset types or choose to introduce new Risk Parameters to one or more existing collateral asset types.

*How Does Chalice.Finance Eliminate Liquidity Risk?*

Chalice. Finance protects its users from liquidity risk by employing the Chalice CDP Auction-a system that automatically liquidates the collateral if the debt-to-collateral value falls beyond a set threshold.

Additionally, each collateral asset deposited on the platform requires its own Vault. The protocol allows users to own multiple Vaults with different types of collateral as well as levels of collateralization.

Chalice Governance controls Risk Parameters

To protect its users from liquidity risk, the Chalice governance system controls several risk parameters via a consensus. Chalice Vault on the platform has its own set of Risk Parameters that enforce its usage.

The risk parameters are determined by evaluating the collaterals' risk profiles directly controlled by CHAL holders via voting. The risk parameters controlled by Chalice governance are:

Debt Ceiling: Debt Ceiling refers to the maximum amount of debt that can be created using a single collateral type. Every collateral type on the Chalice protocol is assigned with a Debt Ceiling. On reaching its Debt Ceiling, additional debt cannot be created unless users pay back all or a portion of their Vault debt.

Stability Fee: Stability fees is an annual percentage yield of the CHALx generated against a Vault's collateral. It's paid in CHALx and held in the CHAL Buffer.

Liquidation Ratio: CHAL holders determine an ideal liquidation ratio on each collateral loan. A high liquidation ratio leads to increased volatility, while a low liquidation ratio causes low price volatility of the collateral.

Liquidation Penalty: Liquidation penalty is the fee added to a Vault's total outstanding generated CHALx if liquidation occurs. Liquidation Penalty necessitates Vault owners to hold appropriate collateral levels to avoid liquidity risks.

Collateral Auction Duration: Each Chalice Vault has its maximum duration of Collateral auctions.

Auction Step Size: Auction Step Size is vital to prevent bidding abuse and reward early bidders in the auction

Chalice Finance Presale Information

Date

December 2nd, 2020 (Round 1)

December 3rd – 10th, 2020 (Round 2)

Presale Platform

https://presale.chalice.finance

Smart contract

0x2BD20E646854531e7631Cd6226ED01baac32B5EA

Token Presale

Round 1 (24hour): 1 ETH = 20 CHAL

Round 2 (7 day): 1 ETH = 15 CHAL

Hardcap: 500 ETH

Softcap: 200 ETH

Total supply : 13.000 CHAL

Uniswap List: 1ETH = 10 CHAL

(MIN: 0.1ETH, MAX: 20ETH)

Token Distribution

Reserve 7% = 910 Token (locked 5month, released 20% per month)

Uniswap Liquidity 21% = 2.730 Token (locked 12month)

Staking Reward 12% = 1.560 Token

Public Sale 60% = 7.800 Token

Unsold token on round 1 and 2 will be burnt 🔥🔥 immediately

🦄Uniswap list December 9th, 2020

*If softcap/hardcap reach will be listed 48hrs after

Conclusion

Despite the enormous growth of DeFi lending platforms, liquidity risk has been a major stumbling block to widespread usability. Currently, liquidity in DeFi protocols is largely outperformed by centralized low-fee liquidity providers in the traditional finance sector.

Chalice.Finance is a revolutionary infrastructure that protects users against liquidity risks by guarding their positions against price volatility in the cryptocurrency space.

The Bitcoin community has always been privacy-focused. You only need to glimpse into the early days of Bitcoin to see that supposed privacy was one of the main draws for this currency. Notably, the world’s first cryptocurrency found an audience amongst the Cypherpunk community and eventually the dark web due to the common belief that it provided anonymity to the user.

The Truth About Bitcoin Anonymity

Fast forward eleven years later and most investors know that Bitcoin is anything but anonymous. There is an entire industry flourishing based on unmasking Bitcoin wallet owners and their actions. These forensic firms such as Chainalysis provide their services on a paid-basis, meaning that anyone can use their powerful tracing tools to discover our identity.

Privacy is Liberty

Not surprisingly, there is still a strong push by privacy-focused groups advocating for more protections in the market today. These developers continually create new and exciting ways to obfuscate the true origins of your Bitcoin to keep your identity safe. While none of these systems is 100% full proof, there are some firms that have managed to introduce strategies that make it nearly impossible for forensic protocols to unravel the details of a transaction.

Why You Should Always Mix Your Bitcoin

One of the biggest misconceptions new investors make is to assume that because they are not doing anything “shady” they have no need to mix their Bitcoin. However, a closer examination reveals that Bitcoin mixers protect regular users much more frequently than those seeking to cover up their illegal dealings. Here are the top reasons why you need to use a Bitcoin Mixer in 2021.

Hackers

Bitcoin hackers are more prevalent than ever. These fraudsters continually probe new platforms to find attack vectors and other ways to steal your hard-earned crypto. Recently, hackers have begun to focus their efforts on large investors more frequently. In the past, major exchanges were the primary target of these scamsters because they held massive amounts of crypto for the taking in shared wallets.

Sadly, hackers have found that their chances of escape are much higher when they focus their efforts on large investors rather than exchanges. This shift in tactics was brought on largely by the introduction of centralized exchange regulations. There is way more investigation following the hack of a regulated exchange versus a personal account.

Hacking individuals is much easier as well. In most instances, the hackers are methodical in their approach. They can take months or years phishing for little bits of information to help customize their assault. Worst of all, these hacks can easily see the frequency and the value of your Bitcoin deposits using forensic platforms.

Governments

Another very real concern for Bitcoin owners is government confiscation. Bitcoin’s growth directly detracts from the current centralized power structure. There could be a day in the future where governments outlaw this currency in an attempt to regain any lost control.

Impressively, it would be impossible to shut down Bitcoin’s blockchain completely. However, it wouldn’t be hard for governments to lean on exchanges and other platforms to give up the identity of all Bitcoin holders. This process is already started in terms of centralized exchanges requiring full KYC/AML compliance.

How Bitcoin Mixers Work

Bitcoin mixers introduce various anonymity protocols to obfuscate the origins and particulars of a transaction. There are a couple of different ways they can accomplish this task but the overall goal is the same, give you new Bitcoin that is from transactions not associated with you in any way.

Top Mixing Platforms

There are a bunch of Bitcoin mixers available online. Notably, not all of these platforms are legit or provide reliable services that can protect you. Using a subpar Bitcoin mixer can increase your chances of loss. There are also fraudulent sites that intend to keep your crypto. Here are the top three reputable Bitcoin mixing platforms for 2020.

Wasabi Wallet

The Wasabi Wallet is another mixing application gaining steam in the market. This wallet provides users with more than just the ability to send and receive cryptocurrencies directly from the interface. Users also gain access to powerful CoinJoin features.

In August the firm introduced a major design change that allowed users to CoinJoin with different values than their peers. This feature was a first for the wallet’s privacy-minded technology. Additionally, it introduces a variety of new use cases for mixing tech moving forward.

Samurai Whirlpool Wallet

The Samurai Whirlpool wallet functions similarly to the Wasabi wallet in that it integrates a convenient coin mixing feature directly into the user interface. The main difference is that Samurai introduces a Whirlpool feature rather than utilizing CoinJoin as its primary mixing platform.

Bitcoinmix.org

At the top of the list is Bitcoinmix.org. This platform leverages a variety of proprietary protocols to keep your true identity a secret. The developers behind Bitcoinmix.org wanted to create an easy-to-use mixing service that was suitable for both new and experienced mixers.

Bitcoinmix.org earned a reputation for quality service and competitive fees. The platform offers mixing services based on a sliding fee scale ranging from 2% – 5% transaction fees. If you are new to mixing, Bitcionmix.org is a smart place to start.

Bitcoin Privacy is the Only Way

Since its earliest days, Bitcoin developers and users have sought out new ways to keep their identities safe. Eleven years later, and this desire is still a driving force within the market. As Bitcoin continues on its path to greatness, there is little doubt that there will always be a reason to utilize Bitcoin mixers in the future.

The second-generation DeFi ecosystem, DEFHOLD, revealed plans this week to release some new products in the coming weeks. Specifically, the firm will launch EWF (early withdrawal fee) pools and a Whale Club. The new functionality will help steadfast investors secure more returns and increase the overall liquidity of the platform. Notably, the new pools fall in line with DEFHOLD's overall goal to promote steady-handed investment strategies within the DeFi ecosystem.

EWF Early Withdrawal Fee Pools

EWFs are one of the newest DeFi protocols making waves in the market. The way an EWF works is simple. When users join a liquidity pool, they agree to lock up their funds for a predetermined time. This locking of funds is what is known as staking. Users receive rewards based on the amount they stake, the type of pool they stake in, and how many coins they stake.

On some platforms, these funds remain fully locked until this time passes. Investors who need to access these funds early must wait until the staking period ends. Crucially, it did not take long to learn that leaving users’ funds inaccessible is a big negative for investors. Consequently, the DeFi market quickly adjusted, and new platforms came with the ability to withdraw funds whenever you needed.

A Balanced Approach

However, this strategy came with a few caveats as well. If you withdraw early, you receive a fee and lose any profits. Critically, platforms that charged no early withdrawal fee saw their liquidity drop when market uncertainty set in. This drop in the liquidity of pools led developers to think of a balance between the two options.

This desire eventually led to the creation of EWF pools. EWF pools are the culmination of months of research and development. Finally, developers determined that penalizing users for early access to their funds only works well when the penalty goes directly to other pool investors. In this way, this new protocol strengthens the pool’s integrity and bolsters profits for participants.

EWF pools give investors more reason not to renege on their commitment. Every time a user does leave the pool prematurely, all other investors earn free crypto. This crypto then makes more profits via the interest-earning pool. In the end, you have a self-feeding profit cycle that benefits those who stood with the original plan.

Whale Club

The Whale Club is a new product catalog designed to meet the needs of investors willing to impact the projects in which they invest. Notably, the new features include the introduction of multiple private vaults allowing investors to collectively invest in projects by getting a buying power like a whale. Each of these vaults feature minimum balance requirements to join, as well as minimum market cap of the underlying assets.

The Whale Club is unique because it allows DeFi investors to influence their returns through their behavior during the investment period, by managing their entry and exit price more accurately given their increased buying power. This strategy allows those that hold the most holdings in a particular project to leverage that positioning to their advantage. In essence, the product functions similarly to being a controlling shareholder of a company, which can turn out to be a great advantage when it comes to price fluctuations.

DEFHOLD

DEFHOLD continues to see growing adoption due to its unique business strategy. The firm represents the first genuinely non-inflationary staking and farming DeFi protocol to hit the market. Investors have noticed the benefits of DEFHOLD, and these new products are sure to intensify curiosity. For now, DEFHOLD investors have an exciting December ahead of them.

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