Announcing the DeFiPie Staking and Listing Partnership

Ian M. Friend, Esq.

Published in

FerrumNetwork

4 min readJul 31, 2020

Dear Ferrum Community,

We are thrilled to announce the next UniFyre Wallet listing — DeFiPie!

In addition to the listing, we are excited to announce that DeFiPie will be running a staking round using Ferrum Network’s flexible DeFi staking platform!

DeFiPie is an up-and-coming DeFi project combining some of the best features of money market protocols, while offering its own unique features, enabling users to enjoy the promises of Decentralized Finance.

In this article, we describe the Staking and Listing partnership and why it is so valuable for both projects. In the coming days, we will reveal when DeFiPie staking will become available, and the reward structure itself. So stay tuned for the next announcement coming soon!

Staking DeFiPie Token Through Ferrum’s Flexible DeFi Staking Platform

With the emergence of DeFi and the appeal of passive income, staking has taken on a relevance like never before. Unfortunately, staking has mostly been reserved for big cap projects with main net, leaving hundreds of exciting new projects — like DeFiPie — with no viable option to offer staking for their own token.

This gap in the market is why we built our flexible DeFi staking platform for any ERC-20 token. Participants lock their tokens and earn high yields based on the length of time staked. It’s like a decentralized high-yield bank account, with maximum customization for projects and flexibility for participants.

Participants Have Options to Unstake Early or Stake Until Full Maturity for Highest Rewards

DeFiPie staking will be done through a separate web-based staking portal, but is still completely decentralized through our flexible staking smart contract. It is also extremely simple to participate using Metamask and our 4 step staking process. But DeFiPie staking is not only simple and rewarding, it is unique in number of ways.

First, participants will have the option of short term staking, medium term, or long term (or you could even decide to stake PIE in all 3 pools!). The timing, APR, and other details of the DeFiPie staking pools will be announced in the coming days…

Another issue with some staking protocols is that they lock up participants for too long or penalize them too heavily for unstaking early. That’s not our approach. With our staking, participants will have the option to unstake early as soon as the early withdrawal period opens and still receive their principal plus some rewards. However, for those who unstake early, their rewards will be lower than if they staked until full maturity and the rewards they forfeited are distributed between all those stakers who staked until full maturity. So there is an incentive to stake until the end, but no one is forced to do so and even those who withdraw early still get rewards.

Projects like DeFiPie Can Customize Their Staking to Fit Their Needs

Each project and community has different token metrics, unlocking schedules, and community concerns. This is why we built our DeFi Staking Platform to be fully customizable.

DeFiPie can choose a staking structure that works for them by deciding on the number of staking pools, the amount of tokens to be staked, the rewards for each pool, the timing for early withdrawal, and much more. We can’t wait to reveal what DeFiPie has in store for its staking structure.

But that’s not all — DeFiPie will also enjoy all the benefits of a UniFyre Wallet listing, including technology like Link Drops, Pool Drops and Swap Drops!

Unlocking Link Drop, Pool Drop and Swap Drop Technology for PIE

The DeFiPie token (PIE) will be listed on UniFyre Wallet next week, enabling PIE holders to take advantage of our ‘Link Drop’ technology, which allows users to send crypto assets to anyone over their platform of choice using a single link, including:

Telegram
Twitter
WhatsApp
Facebook
LinkedIn
Reddit
Instagram
Email

and all other social media or communication platforms where links can be posted.

Moreover, the listing enables our revolutionary ‘Pool Drop’ technology for PIE, meaning influencers, users and the DeFiPie project itself will be able send PIE to up to 100 people at once using a single link, making contests, AMAs and other marketing campaigns completely seamless.

Finally, PIE will be among the first projects to utilize our ‘Swap Drop’ technology for risk-free OTC trades (more information to be released soon).

Benefits to FRM Holders and Community

As always, the listing fees paid in PIE will be distributed to everyone holding 100,000+ FRM in their UniFyre Wallet. The time of the snapshot and the distributions will be announced soon.

What’s Next

Soon we will announce the details regarding DeFiPie staking through our web-based staking platform. We will also be announcing the date/time of the UniFyre listing and snapshot and PIE distribution to 100,000+ FRM holders. So be sure to move your idle FRM into UniFyre Wallet to make sure you qualify for the PIE listing!

As always, thank you for your continued support of Ferrum Network, and stay tuned for more big news soon!

-The Ferrum Network Team