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Deerfi

Total Users
- No data available.
Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
- No data available.
Contract Balance
The total fiat value of assets in a dapp's smart contracts
- No data available.
Category
- No data available.
Blockchain
Ethereum
Language
- No data available.
Official links

News

Latvia Implements New Crypto Tax Legislation

Latvia has passed a new law changing the taxation of crypto investment account gains, focusing on withdrawals rather than individual trades.
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Son Min-ho

Significant Bitcoin Transfer from 2013 Wallet Sparks Market Speculation

An early Bitcoin holder has moved approximately 41,145 BTC from a dormant wallet, raising concerns and interest among traders.
user avatar

Ayman Ben Youssef

Cysic Halts Crosschain Bridge Following Token Creation Incident

Cysic has suspended its crosschain bridge after an attacker created 10 million unauthorized CYS tokens on BNB Chain and converted part of the supply into assets moved toward Ethereum.
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Tando Nkube

What is Deerfi?

It is an exchange of synthetic assets, based on ERC20 tokens.

Contents:

About the project

This project is a synthetic asset exchange that allows users to trade financial derivatives by being connected to the token itself. The first supported token is the native NBOT. By using the Deerfi Long, NBOT holders can work with BTC and ETH.

Since the exchange is connected to the token itself, there is no risk of forced liquidation when using Deerfi Long.Deerfi

In addition to long-term trading, NBOT holders can also join the pool to provide liquidity for Deerfi Long. Users, who join a liquidity pool, can benefit from the Deerfi Long transaction fees.

The developers have also launched two new assets:

  • LINK/NBOT;
  • LEND/NBOT.

Furthermore, you can work on ChainLink and Aave Lend for a long time, using NBOT. ChainLink acts as a bridge between cryptocurrency smart contracts, data feeds, APIs and traditional bank account payments. Aave is open source that allows you to earn interest on deposits and borrowings. Works with 16 different assets, 5 of which are stablecoins.

Of the latest updates, it is worth highlighting the launch of six new assets on the platform:

1 BAT /NBOT.
2 BNT/NBOT.
3 KNC/NBOT.
4 MKR/NBOT.
5 REP/NBOT.
6 RX/NBO.

Enjoy trading with a safe and secure application on the Ethereum basis.

Additional information

At the moment, White Paper and RoadMap are not available on the site. For more information, check out the Medium blog. Articles, which are concerning the development of the project, are available there. The community does not maintain any social networks. Moreover, the smart contract doesn’t have an audit.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.