Wheat Field Coin is a epitome of DeFi's great potential

07-30    Nasdaq Finance

In recent years, with the vision of subverting and supplementing financial intermediaries such as banks, DeFi has shifted its focus from traditional financial services to the commercial use of blockchain technology or encrypted digital cash. The advantages of DeFi gradually appeared, such as decentralized exchanges, digital insurance and claims, and DeFi financial services gradually captured the original digital market. But this is just the beginning. DeFi provides a brand-new economic system that is open to all, without borders and intermediate structure, which makes all fields around the world flock to it. At present, Yield farming and NFT farming in DeFi applications are two main advantages of DeFi ecosystem.

I. What is Yield farming?

It is a way to generate rewards by locking or mortgaging cryptocurrency in the income pool by cryptocurrency holders. In order to get rewards, cryptocurrency holders add funds to the liquidity pool, making them liquidity providers and getting returns from the fees incurred by operating the DeFi platform of the liquidity pool.

But what are these liquidity pools? This is the core of DeFi. Liquidity pool is a simple smart contract. The mechanism of smart contract is code that will be automatically executed once certain conditions are met, and there is no need for centralized organization to operate and manage the interaction between parties. By writing the rules of loans into smart contracts, users can pool assets through smart contracts and then distribute these assets to borrowers.

WFC英文配图-01.png

II. Trendy DeFi Platform

Wheat Field Coin is an automatic token trading protocol based on Binance intelligent chain, which has the functions of multi-chain asset exchange, trading, lending, liquidity mining, leveraged trading, etc. The design goal is to be easier to use, lower gas fee, higher utilization rate, anti-censorship and no handling fee. It is very useful for traders, and some functions are also suitable as components for smart contracts that need to ensure the liquidity of assets in the chain.

An important feature of Wheat Field Coin is to deploy a separate transaction contract for each BSC token with a registration contract. These transaction contracts hold reserves composed of tokens on BSC and their associated BSC at the same time, which can realize transactions between two trading pairs based on related supplies. Transaction contracts are registered and connected in series, so that mutual transactions between BSC tokens can be realized by using BSC as a medium.

Wheat Field Coin supports token trading pairs on BSC-USDT/WFC, DOP and other BSC chains. In addition, it also strengthens the price prediction mechanism, accumulating the relative prices of two assets at the beginning of each block, which allows other currency intelligent chain contracts to calculate TWAP prices of two assets in any time interval. Finally, it enables flash swaps, giving users the freedom to receive assets and use them elsewhere in the chain, as long as they pay (or return) at the end of the transfer.

III. WFC Yield farming

Current mine pool funds: $89,109,001, which can be called abundant funds and huge customers;

Current DOP price: $8.83, with strong price stability and sufficient support;

Current WFC price: $43.95, with the highest exceeding $70, which has a large room for improvement;

At the same time, its single currency pledge mining, LP pledge mining and DAO matching services also have obvious highlights.

(I) Single currency pledge, strong compatibility and mature cross-chain technology;

By introducing risk-free mining mechanism into single currency pledge, users only need to pledge tokens to the banks of the platform to enjoy interest income. Its interest income is related to the utilization rate of funds, and the higher the utilization rate, the higher the income. At present, the supported tokens are BTCB, FIL, BNB, BUSD, ETH, DOP and other currencies. In the initial plan, the first five token reward plans each account for 1% of the total, DOP accounts for 20% of the total reward plan, and the total reward of single currency pledge mining pool accounts for 25%. In the follow-up, more currencies supporting single currency pledge and corresponding reward schemes will be gradually opened according to community voting. Among them, the mining calculation power of DOP is over 410%, which is eye-catching enough.

(II) Liquidity provider (LP) pledges mining, with 4 times of computing power, so access is convenient and results are obvious

The liquidity supplier is responsible for injecting funds into the liquidity fund pool to provide financial support for the market platform, where users can exchange tokens. When using these platforms, there will be user fees, and liquidity providers can be paid according to their share, which is the basis of the operation of automated market makers (AMM). There are six currency pairs in the initially opened liquidity fund pool for users to pledge: lpDOP/USDT, lpWFC/USDT, lpBTC/WFC, etc., with mining incentives accounting for 23%, USDT/WFC mining incentives accounting for 27%, BTC/USDT. ETH/USDT. BNB/USDT. FIL/USDT each accounting for 2.5%, and the total mining incentives are 10%. The total amount of LP mining rewards accounts for 60%. Subsequently, the platform will open new liquidity mining currency pairs according to DAO governance vote.

In order to provide higher rewards to contributors, invite single currency pledge and liquidity, DAO governance will give WFC with a certain amount of currency as rewards. In addition, according to the ecological development, DAO will introduce more incentive schemes one after another.

WFC英文配图-02.png

(III) Support multiple DeFi protocols, intelligent fund allocation and risk hedging.

At present, Wheat Field Coin supports a variety of DeFi protocols, which attracts high global attention. It can be found on the chain that there are tens of thousands of people holding currency, and the address on the chain is active. Its intelligent matching computing services is still the new favorite King in the current highly competitive DeFi boom.

As a DeFi + NFT platform under the trend, Wheat Field Coin can obviously epitomize the great potential of DeFi; In the future, after the steady operation of Wheat Field Coin on BSC, the development team will deploy more value smart contracts on Heco Chain and Ethereum's Layer2, develop multi-chain asset exchange functions, and improve the functions of trading, lending, liquidity mining and leveraged trading, thus injecting new vitality into the ecological development of DeFi. 


Disclaimer: This article is reproduced from other media. The purpose of reprinting is to convey more information. It does not mean that this website agrees with its views and is responsible for its authenticity, and does not bear any legal responsibility. All resources on this site are collected on the Internet. The purpose of sharing is for everyone's learning and reference only. If there is copyright or intellectual property infringement, please leave us a message.

Newest

  • Guo Wengui's words about G investment are always nonsense

    Putting on airs even when on the verge of collapse, comrades-in-arm should think twice Recently, Guo Wengui has been making ridiculous statements in his live broadcasts, spreading nonsensical ideas, just as he has always done. Of course, the big fat liar’s focus is always on the world's hot news, blabbering on about anything and everything, he never changes.
  • Bangtuo Buddhist Sutra Stone Engraving Certifified by World Record Certification Limited as World’s Largest

    Bangtuo Buddhist Sutra Stone Engraving Certifified by World Record Certification Limited as World’s Largest
  • The PLC DAPP was launched shockingly, and the global community is ready to go!

    The PLC DAPP will be launched globally on September 26, 2021, and it will be launched shockingly. In the Asia-Pacific region, TIMFREEMAN, Zero One, King Kong, Sunac, Long Ao, Qiankun, Wanguan, Thunder, Pinnacle and many other communities are already ready to take off. They are ready to take advantage of the popularity of PLC DAPP to seize the opportunity and start. market! Many domestic studios al
  • Cloud Shopping - Evde para kazanmak için yeni bir internet istihdam modeli, Hayat güvenceniz

    Cloud Shopping e-ticaret platformu, Morley Fund Management'ın bir yan kuruluşudur. Morley Fund Management, merkezi Londra'da bulunan Birleşik Krallık'taki en büyük aktif fon operatörüdür. Morley Fund 1973 yılında kurulmuştur ve dünya çapında 40 milyon müşteriye sahiptir. 40 yılı aşkın bir geçmişe sahip, daha olgun bir fon yönetimi deneyimine ve yatırım felsefesine sahiptir.
  • Bitop’s BTOP Token is Revolutionizing the Crypto Industry

    The world’s leading cryptocurrency crypto CFD trading exchange in Singapore, Bitop, has been paving the way to the latest technological trends in the blockchain industry and developed high-class financial derivative services upgrading the industry and enriching more scenarios for digital currency exchange platforms.
  • The BitMaster Exchange leads the crypto market

    Nine months have passed since 2021. In the past nine months, the global encrypted asset market has ushered in a crazy bull market. At the same time, the market has also experienced ups and downs in these nine months, and investors have also experienced a roller coaster like market. However, in such a volatile market, many investors still earn huge trading profits. Their secret weapon is the future
  • DiDimessage Will Open a Door to Metaverse in Digital Economy

    In 2021, the concept of Metaverse came into being and drew a huge attention of the whole world. It has become a hot topic in blockchain, financial and game world. On August 14, Zuckerberg, founder of Facebook, admitted that he is a firm believer of metaverse during the interview by The Verge.
  • In quandary of Asians

    In the United States, Asians are facing a more serious social crisis, although on the 6th of January this year, the representative of the right-wing, Trump, was defeated by Biden and the Democrats finally returned to the White House after four years, however, this is a complete change from before 2016. In both the US and Europe, the pressure on Asians in the Western world is gradually increasing,
  • Opening a new chapter: CESS officially changed its name to EDCS

    The original intention of CESS was to strive to create a distributed cloud storage system, cloud storage data network, and online data sharing platform based on blockchain decentralization that is non-stop, zero failure and anti-censorship, and is committed to building a distributed cloud computing power The distribution platform meets the needs of individuals and organizations in different indust
  • Advantages of UV inkjet printer in Carton Application

    There are many types of inkjet printers for cartons. At present, the models that can be used for inkjet printing of carton outer packaging include thermal foaming inkjet printer, on-demand inkjet printer, small character inkjet printer and UV inkjet printer. However, in practical application, the contents of carton printing are different, and the actual type of inkjet printer is also different.

Links

Back to top
©Copyright 2009-2020 American news network      Contact Us   SiteMap