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Friday, September 30, 2022

Definer.org Defi Coin Review: It Is Safe Or Not? Read Our Full Review

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About Definer.org

Definer.org is a decentralized finance network for crypto savings, loans, and payments. Powered by blockchain technology, They enables users to effortlessly lend, borrow, and earn digital assets within a global network. The removes the friction and costs associated with conventional financial services and instead offers maximum flexibility to set one’s own rates and terms.

DeFiner allows those embracing the new, digital economy to unlock instant value from their assets. The following documentation describes the fundamentals of the protocol and how to interact with it. Please join the #development room in the DeFiner community Discord server; team and members of the community look forward to helping you build on top of DeFiner.

Definer.org Defi Coin Facts

Tectonic Facts
Defi Coin NameDeFiner
Total Supply168,000,000
Explore Click Here To View Explore
SourceClick Here To View Source
Chat Option Click Here To Visit Chat
Document Click Here To View Document
Official WebsiteClick Here To View Website

DeFi Lending On Your Own Terms

Limitlessly lend, borrow, and stake any token. Your Crypto. Your Ownership

Permissionless

No gatekeepers here. Unlimited possibilities and all crypto assets are supported.

Configurable

Name your terms. Customize your parameters: currency, collateral, interest, and more.

Privacy

Encrypted balance transfer with zero knowledge proof traceability protection.

Protocol Overview

Definer.org Savings protocol aggregates crypto deposits from lenders to the smart contract for users to borrow against the collateral asset that they deposited. The protocol will If there is unused capital in the contract, it will be auto deployed on money market protocol like Compound, AAVE etc.

Capital Reservation Ratio and Compound Ratio

For current available digital assets on the compound protocol (Ether, USD Coin, Augur, Dai, Sai, Wrapped BTC, Ox, Basic Attention Token), as there is cToken available, this enables DeFiner to supply/withdraw assets to compound to improve the utilization rate of DeFiner.

DeFiner auto supplies loan currency to “Compound Network” when capital reserve ratio (R) increases to a certain level, and auto withdraws loan currency from “Compound Network” when capital reservation ratio (R) drops to a range between 0 and 10. Here are the definitions of Capital Utilization Rate (U ), Capital Compound Ratio (C) and Capital reserve ratio (R).

Interest Model

Interest Rate Calculations

Definitions:

  • u is the capital utilization rate of a certain token
  • Compound Supply Rate: the real-time supply rate on the money market
  • Compound Borrow Rate: the real-time borrow rate on the money market
  • Compound Supply Rate Weight: the weight parameter of the Compound Supply Rate
  • Compound Borrow Rate Weight: the weight parameter of the Compound Borrow Rate
  • Compound Supply Ratio: the percentage of capital deployed on money market

Risks Control Model

Parameters

  1. 1._liquidator: address of the liquidator.
  2. 2._borrower: address of the borrower, also the account which will be liquidated
  3. 3._borrowedToken: address of the borrowed token
  4. 4._collateralToken: address of the collateral token

Bug Bounty Program

Security is core to values, and we value the input of hackers to help us maintain the highest standard for security and safety. Though the Definer.org protocol has gone through professional audits and formal verification, there is a new technology that may contain undiscovered vulnerabilities.

They encourage the community to audit the contracts and security and encourage the responsible disclosure of any issues. This program is intended to recognize the value of working with the community of independent security researchers.

Rewards by Threat Level

Rewards are distributed according to the impact of the vulnerability based on the Immunefi Vulnerability Severity Classification System. This is a simplified 5-level scale, with separate scales for websites/apps and smart contracts/blockchains, encompassing everything from the consequence of exploitation to privilege required to the likelihood of a successful exploit.

Scope

Definer.org primary scope of the bug bounty program is for vulnerabilities affecting the on-chain deployed contracts on the Ethereum Mainnet, for contract addresses listed in this developer documentation This list may change as new contracts are deployed, or as existing contracts are removed from usage.Only the following impacts are accepted within this bug bounty program. All other impacts are not considered as in-scope, even if they affect something in the assets in the scope table.

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