Dot Finance Defi Coin Review: DeFi Aggregator for the Polkadot Ecosystem

0
674
Dot Finance Defi Coin Review: DeFi Aggregator for the Polkadot Ecosystem

About Dot Finance

Dot.Finance was developed to spur Polkadot’s growth trajectory by reducing barriers to participation while maximizing the performance and efficiency of assets and tokens that are deployed to different DeFi products. Dot.Finance is designed to bring DeFi to a wide range of users and will help increase user exposure to the many benefits of the Polkadot ecosystem. This will help grow adoption of not just the Polkadot framework but the many new DeFi products and services that Dot.Finance is building on top of Polkadot’s safe, secure, and resilient architecture.

Dot Finance Defi Coin is a new platform designed to incentivize the growth of the Polkadot ecosystem. By providing access to a variety of battle-tested high-performing financial instruments, Dot.Finance is designed to bring DeFi to a wide range of users and will help increase user exposure to the many benefits of the Polkadot ecosystem.

This will help grow the adoption of not just the Polkadot framework but the many new DeFi products and services that Dot.Finance is building on top of Polkadot’s safe, secure, and resilient architecture. among our poducts: * auto compounding for liquidity mining * “grant program” to support new projects on the dot ecosystem. * index for polka tokens. * polka dex aggregator. * Il Guard.

Project Dot Finance Defi Facts

FrontierFacts
Defi Coin NameDot Finance
Short Name PINK
Max Supply100,000,000
ExploreClick Here To Visit Explore
Chat Option Click Here To Visit Chat
Total SupplyN/A
Official WebsiteClick Here To Visit

PINK Token

Governance

Staking PINK tokens will also allow you to participate in DAO governance protocols. When future changes are proposed for the platform, you’ll be able to vote and help steer protocols in a direction you think is best for the project.

Utility

The native PINK token is more than just a regular governance token. PINK incentivizes liquidity provision and helps increase returns when using our platform. It can be staked to earn WBNB and is used as an APR multiplier when claiming profits.

They are focused on the growth of the PINK token and the project as a whole. To this end, they will start with the following fee structure:

  • 30% performance fee (the PINK distribution) – This means 30% of profits will be converted and issued as PINK tokens upon user withdrawal. The original BNB profits are used to reward individuals that staked their PINK tokens in the PINK staking farm.
  • 0.5% withdrawal fee if the withdrawal happens within 72 hours of deposit.

Yield Farming

Anybody that has been in Decentralized Finance (DeFi) long enough has heard about yield farming. At its core, yield farming is the practice of using DeFi protocols to make your money work for you. Instead of having funds stashed in a zero-interest account or a hardware wallet hidden under your mattress, you can use them to lend, borrow, trade, or provide liquidity. DeFi platforms incentivize user participation by rewarding them with native tokens and/or a portion of the transaction fees.

Price

The live Dot Finance price today is $0.260350 USD with a 24-hour trading volume of $858,155 USD. Dot Finance is down 50.91% in the last 24 hours. The current CoinMarketCap ranking is #2749, with a live market cap of not available. The circulating supply is not available and a max. supply of 100,000,000 PINK coins.

Yield Farming Optimization

Keeping up with the fluctuating rates and ever-changing market conditions takes a lot of time and energy. If you make a mistake or miss the optimal compounding times, your APY drops significantly. If you farm on Ethereum, you also must worry about the crazy high gas fees eating into your yields with every transaction. Ethereum yield farming has become a space where only whales turn a profit.

Dot.Finance helps farmers avoid these issues and earn the highest returns possible with our yield aggregator. By working on Binance Smart Chain (BSC), the transactions are fast, and the gas fees remain low. Our smart contracts automatically compound your returns at the optimal frequency to increase your APY and the already low fees are shared across farms by batching the auto-compound transactions. We give farmers automation and compounding at scale. It’s like farming with a tractor instead of pulling a yoke on your shoulders.

Dot Finance Markets

Dot Finance Defi Coin Review: DeFi Aggregator for the Polkadot Ecosystem