To get started, you will need to stake your $DVF to receive xDVF, and unlock your voting power. From here you will be able to vote on the “big stuff” and the “small stuff” (2/4)
By “big stuff” we mean major changes to the token and protocol such as:
➡️The trading fee split activating part of protocol fees to go to the governance module
➡️The absolute trading fee level of each product
➡️Liquidity mining split across all active AMM pools
➡️Liquidity mining for new AMM markets
(4/5)
There's quite a bit more information that you can sink your teeth into such as the process for proposals and the finer technicalities of how they'll be executed.
We have just launched the first ever #Layer2 bridge to @0xPolygon but what does this mean for you?🤔
The bridge 🌉 enables fast, gas-free and frictionless deposits & withdrawals between the two platforms whilst also increasing liquidity across both ecosystems
As one of the first layer 2 DEXs to be operating on mainnet, we would like to share some of our learning points from the past 9 months, as well as our expectations & thoughts on L2 for the coming year
TLDR, layer 2 is ready to go supernova 🚀
Fragmentation - We originally assumed that most apps would congregate on one L2. What we are actually seeing is apps launching on multiple L2s & L1s. This trend will continue as different scaling solutions offer different pros & cons. There is likely to be no 'winner takes all'
Bridges - Within 12 months it is likely that most people will ever need to touch L1 Ethereum for their everyday needs. Bridges between different L2 apps (both on the same rollup and different rollups) as well as CEX <> L2 bridges will be the norm.
Due to problematic gas prices, DeversiFi is trialling a NEC-based GAS-rebate program.
The first 100 wallets to register (no KYC) will be airdropped 75 & a further 75 for depositing.
This marks the first dapp to effectively allow cost-free entry w/ gas-free trading.
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Why are we doing this?
We are in the midst of a GAS crisis, making Ethereum exceedingly prohibitive/unattractive for many users, both old and more importantly new, ultimately impacting adoption of #DeFi.
This initiative is an attempt to solve this issue.
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In future, we'll need to work with others to speed up L2 composability ensuring ETH remains a cost-efficient & attractive chain to use.
This'll only become more important as, despite these friction points, ETH adoption continues to grow & more exciting dapps are built.
Did you know that yield farmers 👩🌾 can snatch a 0.359% bonus by providing (@WrappedBTC) liquidity to the @CurveFinance sBTC pool, while also collecting , , and rewards?
As a fusion between finance and technology, many say #DeFi can't be 'fun'. We beg to differ.
We've just launched the #TopDeversiFiTrader competition. If you pick the top 'twitter celebrity trader' on the DeversiFi Leaderboard you'll win their entire portfolio! In
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2/4
We've cherry picked 15 famous and controversial faces in crypto twitter, and far beyond.
Our 'algorithm' picks up on ➕ or ➖ sentiment in users' tweets & submits a buy or sell order to a DeversiFi account loaded with real funds 💸