DeFi Coin and DeFi Swap Rebrand For The Post FTX Era, DEX Now Lists 92 Crypto Assets
Wednesday March 1st 2023 – DeFi Coin (DEFC) and its sister decentralized exchange DeFi Swap have recently undergone a rebranding process, sporting new logos and websites. The update comes as the ecosystem expands its trading offerings with the addition of 15 new coins.
Fair launched on the 10th May 2021, DeFi Coin is the native token of DeFi Swap.
The DeFi Coins ecosystem is a community-driven decentralized environment that’s at the cutting edge of the development of algorithmic crypto trading strategies.
Holders of the DEFC token can earn yield from reflections, access automated liquidity pools and benefit from the manual burn program.
Stakers can receive rewards of up 75% APY if they choose to lockup their holdings for 365 days.
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DEFC yield is backed by transaction revenue not shady algorithms
What’s more, there is no complicated algorithm backing the dividend payouts.
Instead, the transparent protocol taxes transactions at a rate of 10% and the proceeds are split 50:50 between the DEFC/BNB liquidity pool and DEFC holders, thereby underpinning the income stream for stakers.
That means simply by ‘hodling’ DEFC tokens each holder will receive a cut of the reflections, in proportion to the amount of total supply each token holder has.
DeFi Coin’s static rewards program solves the problem of short-termism by incentivizing long-term DEFC token ownership and accumulation.
On DeFi Swap there are now 92 tokens available to swap against 11 different common bases for trading pairs, including DEFC, WBNB, WETH, USDC, USDT and BUSD.
In addition, DeFi Swap currently offers four core plans with attractive yields for farming DEFC:
Bronze: 30 Days - 30% APY
Silver: 90 Days - 45% APY
Gold: 180 Days - 60% APY
Platinum: 365 Days - 75% APY
DeFi Coin is the perfect fit for a post-FTX world
The DeFi space can broadly be divided into three application types: decentralized exchanges (DEXs), lending protocols and yield farming.
In practice, DeFi Coin encompasses all three, which is what makes it such an enticing prospect for those entering the DeFi space and looking to gain exposure to the capital appreciation potential this coin represents.
At their height in the first quarter of 2022 DeFi sector protocols had a combined total value locked (TVL) of approximately $200 billion.
But despite the advent of the crypto winter and a number of major blows to the crypto industry, such as the failure of the Terra ecosystem and the FTX exchange, the DeFi industry has remained remarkably resilient.
TVL in the DeFi sector now sits at $48 billion, three times greater than its size at the beginning of 2021.
Indeed, it could be argued that DEXs such as DeFi Swap stand to be the major beneficiaries of the collapse of FTX, as traders become more circumspect about transacting on centralized exchanges.
More broadly, the whole of finance is susceptible to disruption by decentralized networks that dispense with the need for trusted third-party intermediaries and all the comparative inefficiencies and costs that entails.
DeFi Swap and the DEFC token are at the forefront of this wave of innovation.
DeFi Coin price could see 30x gains from here
The DEFC price surged to an all-time high of $4.00 on 19 July 2021 before declining the following week to $1.12.
DEFC is currently priced at $0.0334.
The risk-reward upside following such a dramatic drawdown, which saw the coin lose more than 90% of its value, means the current alignment of forces is a buyer’s dream.
It is not unrealistic to pencil in a price target that could see DEFC trading back above $1 for a 30x gain.
With plans for NFTs and a swap-earn-farm-stake ecosystem primed for growth, DeFi Coin and DeFi Swap are excellent vehicles for securing a share of the lucrative returns on offer in DeFi.
DEFC is a BNB Smart Chain-compliant token and can be bought on Bitmart or Pancakeswap.
Interested parties can join the ambassador and referral programs and earn bonuses for helping to promote DeFi Coin.
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