Decentralized Finance, shortened as DeFi, has gone on steroids in recent times, as various crypto projects seek to solve real-life problems by mirroring various financial instruments available in the traditional market and make it available to everyone in a permissionless and completely decentralized way. From lending, borrowing, synthetic assets, derivatives and decentralized exchanges, DeFi applications unlock the vast potential embedded in finance. DeFi appeals to a general lot, individuals and enterprises, because it redistributes wealth and makes it available to everyone irrespective of their status or location. Unlike traditional finance which has so many rules and strict minimum requirements that limit a common man from participating.
The massive investment locked in various DeFi applications is mostly driven by people who want to make some quick bucks and jump on the next DeFi train. Such category of people care less about the security, sustainability and adoption of the technology. Intertwined with the DeFi boom is the yield farming concept which rewards farmers with fees and/or governance tokens via liquidity mining. This model has however been exploited by whales, nicknamed DeFi Chads or DeFi Degens, who, by the virtue of their status as colossal stakers and liquidity providers, earn massive rewards (as fees and governance tokens) and quickly dump it on the market while pulling out liquidity. It is just as taking the life out of a project in one fell swoop. This model makes DeFi unsustainable in the long term.
DeFiGem is a futuristic DeFi ecosystem hosting a series of DeFi protocols within the ecosystem. This Project aim to build several platforms including lending and borrowing crypto assets, decentralized automated market marking (AMM), and NFT creation service on the ethereum blockchain. DefiGem also want to keep the door open to switch our platform to mainnet in the future.
DeFiGem enables users to lend and borrow crypto assets in a decentralized environment. Users can earn interest on the deposit and borrow synthetic assets. We have a plan to support USDT, DAI, ETH, BTC, and most other well-established blockchain tokens. We will be very choosy to make sure our user’s fund security and avoid high volatile tokens that can have a significant change in a short time frame.
DeFiGem Finance focusing on simplicity, user experience, privacy, and global adoption. It provides a classical way to optimally earn a yield on assets through its series of products.
To develop a robust DeFiGem platform, and most importantly to encourage early investors and supporters, the DeFiGem team has decided to organize a presale of DeFiGem (DGEM) Token.
For smooth and secure participation, the DeFiGem team has organized to sell the presale on bounce.finance, a decentralized auction platform that introduces competitiveness in token swapping. To make it even more interesting to the investors we might have a short time private-sale with a small quantity of token amount, keep posted on our blog and social profile for the announcement so you don’t miss it.
DeFiGem Finance team wants to create an exclusive DeFi environment where users can earn in a permissionless way while they sleep. DeFiGem shall be a platform for the people, by the people, therefore there will be a Governance token that takes control of DeFiGEM. The default token of the platform is DGEM, opening on presale soon. Holders of DGEM token earns GGEM token (governance token), the reward at 100:1 ratio. GGEM can only be accrued by holding DGEM, no exception. DGEM token max supply is 210,000 while GGEM is only 2,100 max supply. DeFiGEM team will occasionally buy GGEM and burn to reduce its supply. Within this week, we will publish more details on the project and token use case, so that you can understand how investors going to be benefitted by investing early in DGEM token.
DeFiGEM Finance Key Features
✅DeFi Incubator Program
✅Automated market making aggregator
✅Staking 20% APR for the first 12 months
✅NFT minting on ethereum blockchain
✅$GGEM governance reward for holding $DGEM
What is DeFiGem Incubator/ Launchpad Program?
This project will guide you from the start of the idea and analyze the target market that you will reach both global and local. In fact, you will be assisted in making tokens, to marketing and token exchanges and listings.
DeFiGEM users will be the most beneficiaries of this package. Users who hold DGEM and GGEM will be able to grow new tokens by staking during the launch of new projects. This will work just like any other launch pool farm. We expect to see at least 2000% APY farming in our first few projects. It is possible that we are planning additional bonuses for people who are staking DGEM or GGEM who wish to invest in future tokens.
Medium: http://medium.com/@ defigem