Devil Finance - the first yield aggregator, powered by the Fantom blockchain.
Features of Devil Finance work
At its core, DeFi Devil Finance is a decentralized yield optimizer platform that allows users to earn compound interest on their crypto holdings. Devil Finance runs on the Fantom blockchain.
Developers will provide access to collections of non-fiat inflationary assets. The team provides rewards in exchange for using the platform, namely in the form of “staking” tokens and a native token (DEVIL). The creators of the site will collect tokens from many users and do mass staking on their behalf.
How to connect the Metamask wallet to the defi app:
| 1 | The most important and basic thing you need to interact with any DeFi platform - an external wallet like MetaMask. This is where you will keep all your funds. |
| 2 | Once you enter the DevilFinance website, you will need to connect your wallet to the platform. The "Connect wallet" button is located in the upper right corner of the site. |
| 3 | Pay special attention to the choice of the Fantom network in the wallet, as you will not be able to interact with DevilFinance if your wallet is not connected to the Fantom Opera network. |
Once you have successfully connected your wallet to Devil Finance, you can deposit funds into vaults. You can deposit any single token or LP token that you currently hold in your wallet. DevilFinance vaults will distribute rewards in the form of staking tokens and the DEVIL platform native token. Token staking rewards will be automatically added to your vault balance (compound interest), while you will have to collect DEVIL rewards manually. After collecting DEVIL, you can put it in the DEVIL vault to earn even more interest.
How to add liquidity for coin defi DEVIL?
To provide liquidity in the DEVIL-USDC Liquidity Pool, you need to create Liquidity Pool (LP) tokens. In order to purchase LP tokens, you need to provide tokens at a 1:1 USD value to liquidity pool ratio. This means that if you add, say, a DEVIL-USDC pool and want to secure $2,000 worth of liquidity, you need to purchase DEVIL tokens of equal value through any Fantom Swap (worth $2,000 DEVIL). Then combine DEVIL and USDC into LP tokens on SpookySwap in the Liquidity tab and stake Devil Finance.
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