The success of the #DLM shows we’ve got a viable mechanism to launch tokens on L2 - and #DVF allows you, our supporters, to take control of our protocol 🤝
(3/11)
We’ve prevented bots from buying up tokens and welcomed a new era of fair, transparent token sales (without gas fees😉).
This was proven during the #DLM, and then again during @entropyfi's $ERP token launch!
(4/11)
The UI of the entire platform has been transformed. Now we have a sleek, modern interface that makes #DeFi instantly understandable - no matter your knowledge level 🥳
(5/11)
Multihop swaps have been added by popular demand (when you guys shout, we always listen😉)
You can now seamlessly switch any two assets on our platform - completely gas-free 💸
(6/11)
We’re building bridges across the #DeFi universe. The most popular one is to @0xPolygon - it allows you to quickly move assets on and off the platform without paying expensive #L1 gas fees.
This upgrade has drastically reduced the cost of depositing onto the platform via #L1 $ETH
(8/11)
We have created a double-ended incentive programme, to reward both traders AND liquidity providers.
Our rewards programme returns a share of your trading fees as a $DVF gift, and our #AMM programme will provide tokens and APY for filling our new liquidity pools
(9/11)
Finally, we’ve just announced the most exciting thing of all… our partnership and integration with @moonpay 🙌
This will enable millions of new users to come straight from the fiat world into #L2, bypassing the fees and removing the barriers to entry
(10/11)
Ok, so now over to you… what’s been the #DeFi-ning moment of 2021 for you on our platform?👀
(11/11)
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2022 will be the avalanche year for Ethereum, the year that it takes back the centre-ground of crypto DeFi ecosystems and this will be driven by #Layer2 ecosystems. In fact, we predict there will be significantly more people using #Ethereum Layer 2 than #L1.
(2/11)
In parallel, we will see the growth of multi-chain ecosystems, which allow several blockchains to connect with one another - enabling #decentralised apps and protocols to launch on several networks.
Lending your #tokens is trustless, meaning you always control your funds and can access them at any time. The whole process is open and #permissionless, with the rules determined by computer code 🖥️ instead of a centralised gatekeeper - like a bank.
Remember how you used to pay those pesky gas fees 💸 and wait absurd times ⏳ when moving from an exchange to #DeFi? This all changes now with minuscule fees and rapid transfers!
(2/6)
This bridge🌉now enables fast and low-cost transfers between #Bitfinex & #DeversiFi meaning that you can move @Tether_to tokens ($USDt) seamlessly between the two platforms, without ever touching #Layer1#Ethereum! And what's more, we’ll be adding more #ERC20 tokens soon!
(3/6)
#CEXs are often the place users go to buy their first #cryptocurrency 🪙
However, in order to use them, you must create an account on their website and send your money to them trusting that they will (hopefully🤞) send it back when you’re finished 😅
#DEXs exist on multiple blockchains, but the most popular ones are built on #Ethereum. Instead of creating an account to use them, you connect existing Ethereum wallets (such as @MetaMask) and then start making trades! 🙌
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:
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