Pools & Earn Strategy¶
Yield Farming Strategies¶
At the initial stage, we have at least 3 strategies for profit-making for different types of users:
- Strategy for true farmers:** Make a deposit in one of our farming pools: DAI, ETH, USDT, BUSD, DFX, BUSD / DFX, and use compounding and recursive recapitalization of DeFireX balances to maximize profits and reduce risks. The simple APY percentage for stablecoins USDT, BUSD is 70-150%, but after compounding with DFX, it becomes about 350% APY.
✔ How 70-150% is obtained for stablecoins: DeFireX Pool (Farming) 25-30% + 40% Fees + 10% Venus + 50% DFX.
✔ How 350% is obtained for maximizer strategies: DeFireX Pool (Farming) 25-30% + 40% Fees + 10% Venus + 50% DFX + 30% of the buyback of DFX Tokens from DEXs of the profit of the service. (The volume of demand exceeds supply, so the price of DFX and the percentage of the pools are growing).
The transaction cost assumes that the DeFireX smart contract needs 4-5 steps to form a deposit. About 28% of DeFireX’s profits come from the sale of LP and other project tokens, such as Venus or CAKE. The DeFireX smart contract stipulates that it will always send 30% of the profits from all farming to DEXs for the buyback of DFX Tokens, which ensures maximum security for the DFX Token.
- Strategy for Degen’s Farmers:** Buy DFX at the very beginning and sell them when the price gets so high that users deem it necessary to lock in their profit (or greed takes over). The likelihood that DFX will fall below the starting price of $2 is very small.
Facts about DFX:
- Private sale participants bought DFX at a price of $1 to $2, and will not sell them at a loss at prices lower than the purchase price.
- As the price of the DFX Token rises, the distribution volume for DFX farming will decrease, which will create a shortage of tokens on the free market.
- Strategy for Smart Farmer Investors:** Buy DFX for Long Term! The percentage APY for DeFireX pools is amazing! The APY value from 70 to 350% or more for DeFireX pools is based on that if users buy DFX for $100 now and stake them for 1 year, they will get BUSD worth $350+. If users sell the remaining DFX, they can also make money on that. If users are wise investors, they will carefully analyze the APY staking of the DeFireX pool and will profit not only from BUSD / DFX rewards, but also from the sale of DFX.
The following commission structure will be present at launch:
- 30% of the total profit of all DeFireX pools is directed at the buyback of tokens from DEXs.
- 0.25% of the entire deposit amount, if the user leaves the pool earlier than 48 hours after the first deposit.
Later on, 30% of the commission from farming is collected and directed at the buyback of DFX Tokens from DEXs. In fact, users make money not only by using standard DeFireX pools, but also through our DFX Token staking payment system. All of these commissions ultimately provide sustainable tokenomics for the DeFireX project, and benefit DFX users and holders.
We have provided a mathematical formula for calculating the geometric total. Feel free to use it to personalize calculations. Click on the following spreadsheet link for a detailed description of tokenomics:
- The DeFireX smart contract is capable of recapitalizing profits;
- Compounding is multifactorial interest;
- If the maxmizer is to be considered as a process of recapitalization of accumulated profit and as a process of automatic accumulation of profits within a contract, then it is what it is stated to be.
DFX Staking Pool (BSC)¶
Under the given farming scheme, users can stake their DeFireX DFX Staking Pool tokens and receive even more DFX. The APY depends on the performance of all other DeFireX farming pools. 30% of the commission from total profits of the pools is collected and transferred to the stakers as rewards and directed to maintain liquidity.
DFX-BUSD LP Pool (BSC)¶
By placing assets (DFX and BUSD) in this pool, DeFireX farmers receive LP tokens, for example Pancake Swap (only for this pool), and then these, or other LP tokens, and can stake them in our DFX Staking Pool (BSC), where we will add more DFX Tokens as rewards. In total, 60% of DFX Tokens allocated for farming are directed to liquidity holders in the DFX / BUSD LP pool. This will add another + ~ 104% APY to the main deposit for the farmer.
BUSD Farming Pool (BSC)¶
The user enters BUSD into a special DeFireX BUSD Farming Pool strategy, which Venus uses to obtain BNB secured by BUSD. After that, the LP Pancake BUSD-BNB pool is used.
The user’s profit is formed due to: Farming in Venus and Pancake services (distribution of g XVS and CAKE governance tokens), where the profit is in the form of LP tokens of the pool provider of the “-” commission from exchanges to PancakeSwap.finance. As a result, additional interest on the BUSD deposit in Venus is distributed through the DFX Token. When using the farming mechanism of the given pool, the increase is + ~ 80-160% APY.
DAI Farming Pool (BSC and Ethereum)¶
The user contributes DAI to the special DeFireX DAI Farming Pool strategy, which uses Compound to make a profit. The user’s profit is formed due to the effective placement of funds in Compound, which allows increasing income from farming for the user by 7 times and automating the process itself. When using the farming mechanism of the given pool, the increase is + ~ 20-30% APY.
ETH Farming Pool (Ethereum)¶
The user deposits ETH into a special DeFireX ETH Farming Pool strategy, which uses Compound to make a profit. The user’s profit is formed due to the effective placement of funds in Compound, which allows increasing income from farming for the user by 7 times and automating the process itself. When using the farming mechanism of the given pool, the increase is + ~ 10-20% APY.