Justin Wu x DeFi² AMA Recap
Listen to the AMA here: https://twitter.com/i/spaces/1mrGmkLRZmzxy?s=20
AMA Summary
About DeFi²
DeFi² encompasses part of the traditional Defi-as-a-Service (DaaS) model with treasury from collecting trading fees which then gets invested into a range of DeFi protocols. This will allow us to generate multiple income revenue for our holders. From the profits, 75% will go to buyback $DFX while the remaining 25% and the initial capital will be injected back into our treasury.
Engage-To- Earn
We’d like to highlight our Engage-to-Earn mechanism to incentivize our staking protocol.
By staking your $DFX you can earn a base APY of 200% on your investment.
By logging into our Twitter/Web3 Engage-To-Earn tool you can earn upto 800% APY.
For every 5 tweets you engage with, you will get 1 BOOST up to a max of 6 BOOSTs for a total of 30 tweets.
We understand that the sustainability of the protocol is vital, our system will automatically reduce your BOOSTs if there’s no engagement within 48 hours. Everyone with $DFX can participate, regardless of how much or how little their holding is. It is also important to note that our staking protocol has no time lock and no early withdrawal fee.
Defi² is a Deflationary Ecosystem
Our native token, $DFX, is designed to be deflationary with an auto-burn on every sell transaction with an auto-LP feature to help us promote price stability. Combined with many buybacks and manual burns, $DFX total supply has decreased significantly!
Initial Total Supply: 1,000,000 $DFX
Current Total Supply: 965,790 $DFX
Total number of tokens burnt to date : 34,210 $DFX
Our Journey, So Far
“If the skies were able to dream, they would dream of dragons.”
Here’s what we’ve achieved so far:
- LP locked for 6 months and will be extended up to 1 year
- TokenSniffer score 100/100
- Engage-to-Earn dApp is LIVE
- Defi² Tweet-to-dApp Bot which alerts members every time we add a new Tweet as an engagement task within the Engage-to-Earn dApp!
- Staking is LIVE
- CMC listed
- Coingecko listed
- KYC’d with Assure DeFi
- Trended on Avedex.cc
- Made our first DFX treasury investment ($GENBLOK)
- First Twitter Spaces hosted by Robbie, Christopher, and Raf
- Hit an ATH of $820,000 marketcap
- Featured Ads in AeonsGemChat
- Not to mention the amount of extraordinary support on Twitter from the likes of CryptoFundamentals AKA @BlocksNThoughts (wrote an extensive thread on Defi² which you can read here if you haven’t already!)
Justin Wu AKA @hackapreneur on Twitter, and many other established names have Tweeted Defi² and engaged with us, such as Aeon, Chiro, Noodles, etc.
What’s on the Horizon
Another thing that we’re excited about is our P2P OTC Portal which facilitates buy/sell transactions request for any amount above 0.25% of the total supply and saves on tax.
What’s great about our P2P OTC Portal is your transaction is secured with our Team serving as an intermediary, reducing the risk of engaging with unknown traders. (Our P2P Web3 based OTC DEX is in development)
Check it out here: https://defisquared.io/otc-portal/
Not only that, but we’re also actively pursuing and scouting innovative DeFi projects that aligned with our vision to experience our Engage-to-Earn platform.
Making our tools more accessible allows us to monetize $DFX effectively, enhance our treasury, and provide better value to our community. We believe that a strong community is the bedrock foundation of a successful project, and we want to appreciate our community for showing their support.
By spreading the word for support and pushing the mission forward, it will help us to grow our treasury to fuel great investments in other DeFi protocols or even DAOs, making us an accelerator for better space.
To address the rumors of our depoloyer connection to $TSUKA, what is on-chain is on-chain.
