The DeFireX smart contract works successfully for the mass market and yields from 60 to 500% per annum without considerable risks of a drawdown of the initial deposit! Deposits and withdrawals can be made at any time. Users do not send their funds to the platform – they freeze them on a smart contract through their personal wallet, receiving ‘security tokens’ in return, which give them the right to reclaim their tokens at any second.
Income from farming is recorded and credited daily to user wallets, eliminating the risks of market volatility. The DeFireX platform is a stable system of passive profit-making with the best performance and highest guarantees on the global DeFi market.
DeFireX is a group of smart contracts that works with leading DeFi projects for ensuring its users the most reliable and highly profitable level of liquidity mining at minimal fees. Our service relies on a fully transparent decentralized smart contract architecture built on top of the Ethereum blockchain.
Together with the xDAI team, we have successfully implemented a crosschain bridge that allows users to launch liquidity mining from the Binance Smart Chain. This allows achieving a more than 100-fold reduction of commissions for launching farming while ensuring the same level of reliability that the Ethereum network provides. Thanks to the implementation of such an approach, holders of small balances can now resort to using some of the best liquidity farming mechanisms.
By using flash loans, dydx quadruples the user’s amount of funds and places them in Compound for mining COMP tokens. The COMP tokens are then converted to DAI through Uniswap, after which the DAI tokens become available for withdrawal by users.
Dydx liquidity is used for receiving flash loans in Compound, which allows processing up to $35 million in one transaction, paying only the network commission on Ethereum or the Binance Smart Chain.
Profit taking takes place through Uniswap. By pooling liquidity, profits are fixed in one transaction for all users at once. This is how DeFireX minimizes fees on the Ethereum network and forwards liquidity using a bridge to the Binance Smart Chain network.
The reliability and transparency of our service and smart contract has been confirmed by a public review from a well-known team of auditors.
Report from Pessimistic
The DeFireX smart contract provides the ability to withdraw funds through any available Blockchain Explorer like Etherscan, even if the site is not operational.
