Defiminer is a decentralized finance (DeFi) platform which aims to perform a host of functions such as aggregated liquidity, leveraged trading, and automated marketing making. Its decentralized services eliminate the dominance of intermediary companies and reduce the barrier to entry.
The DEFIMining platform provides the opportunity for crypto coin holders to take part in profitable farming (Yield Farming), interacting with defi-protocols. Profitable farming also called liquidity mining, is a way of earning rewards from cryptocurrency ownership. In simple terms, this means locking the cryptocurrency and receiving a reward. In a sense, it can be compared to staking.
But it is much easier. With Defiminer you do not need any wallet online. You can simply purchase a contract and watch your earnings skyrocket.
The ecosystem is an aggregator of lending platforms that automatically creates the optimal balance for maximum profitability. Everything works on the basis of smart contracts, without human intervention. At the moment, many of the ecosystem functions are in beta.
Supported coins: BTC, USDC, LTC, BCASH
DeFi Supported Projects: Compound, dYdX, Aave, Fulcrum, DDEX.
All interest rates on loans and deposits, as well as exchange commissions, are dynamic, that is, they depend on market demand and supply for a particular token.
yearn.finance - allows users to receive passive income by investing in investment pools.
ytrade.finance - decentralized exchange for trading stablecoins with up to 1000x leverage.
yliquidate.finance - automatic liquidations for Aave (currently Beta version).
yswap.exchange - service for instant exchange between supported tokens.
iborrow.finance - loans in stablecoins secured by ETH and ERC20 tokens.
yleverage.finance - creates 5x leveraged DAI vaults with USDC. Over $9m in short positions created with an average of 16% profit.
ypool.finance - the first y.curve.fi <> sUSD curve.fi meta pool. Decommissioned currently in favor of a native asset pool. Before decommission had over $10m in assets.
DefiMining’s native governance token, DEFI, is one of the biggest decentralized finance (DeFi) coins in the cryptocurrency market. Its market capitalization has surpassed $200,000 just one and a half months after its launch. The coin is distributed only to users who provide liquidity to pools through certain types of tokens. DEFI is pegged 1:1 to USD. Payments by the platform are done in BTC.
Four main components have contributed to the cryptocurrency's rapid success: a unique offering, an active community, a respected developer, and innovative products.
The phenomenal success of Defimining's defi platform demonstrates the high interest of the global community in adopting digital assets as a financial instrument. The yield farming investment strategy is attracting more and more attention and, most importantly, it actually works. The mechanism for bringing the earned assets to the market is quite successful. However, caution should be exercised due to the appearance of scam-clones.