DuckyDeFi — the best DeFi platform, built by the community for the coin defi community.
Earnings and commissions on DuckyDeFi
DuckyDeFi — an automated market maker model (AMM), sometimes referred to as a constant function market maker, is used to replace the order book.
Project features:
| Ducky Swap | Exchange tokens instantly with low fees. Provide liquidity to earn a proportional 0.17% transaction fee whenever an asset pair trades. |
| Ducky Farm | Stake LP tokens and earn DEGG. Higher exposure to market fluctuations, but higher annual interest rate. |
| Ducky Pool | Stake DEGG and earn other tokens for free. No other hassle. |
To start with DuckyDeFi, you need to set up a crypto wallet. A crypto wallet stores your assets. With the decentralized nature of DuckyDeFi, rest assured that the developers do not hold onto your funds when you trade, meaning you are 100% the owner of your own cryptocurrency. Swaps on DuckyDeFi - the easiest way to exchange one CRC-20 token for another through automated liquidity pools. The liquidity, provided to the exchange, comes from liquidity providers who stake their tokens in pools.
LP tokens are generated for liquidity providers, based on a pair of assets, added to liquidity pools. For example, providing CRO and BTC will generate CRO-BTC LP for providers. The total number of LP tokens you receive represents your share of the CRO-BTC liquidity pools, this is also proportional to the trading commission rewards due when people use your liquidity pool.
Implementation of an NFT on the platform
In the traditional defi gaming industry, gamers who buy any in-game digital assets simply use them temporarily during the game itself - the digital assets are still owned by the game company. NFTs bring an evolution to this by transferring full ownership of assets to actual buyers, allowing them to be bought and sold across platforms.
Different NFT games are used with their own rules, mechanisms and player interactions. NFTs can help to represent a unique playable character, avatar or item. Players can trade or trade NFTs with other players for profit. The new NFT play-to-earn (P2E) gaming model also gives players the opportunity to earn income, based on their level of participation and activity. The developers believe that DuckyDefi is the next expanded use of NFT, given the unlimited potential of an already mature gaming industry.