In recent years, with the vision of subverting and supplementing financial intermediaries such as banks, DeFi has shifted its focus from traditional financial services to the commercial use of blockchain technology or encrypted digital cash. The advantages of DeFi gradually appeared, such as decentralized exchanges, digital insurance and claims, and DeFi financial services gradually captured the original digital market. But this is just the beginning. DeFi provides a brand-new economic system that is open to all, without borders and intermediate structure, which makes all fields around the world flock to it. At present, Yield farming and NFT farming in DeFi applications are two main advantages of DeFi ecosystem.

I. What is Yield farming?

It is a way to generate rewards by locking or mortgaging cryptocurrency in the income pool by cryptocurrency holders. In order to get rewards, cryptocurrency holders add funds to the liquidity pool, making them liquidity providers and getting returns from the fees incurred by operating the DeFi platform of the liquidity pool.

But what are these liquidity pools? This is the core of DeFi. Liquidity pool is a simple smart contract. The mechanism of smart contract is code that will be automatically executed once certain conditions are met, and there is no need for centralized organization to operate and manage the interaction between parties. By writing the rules of loans into smart contracts, users can pool assets through smart contracts and then distribute these assets to borrowers.

II. Trendy DeFi Platform

Wheat Field Coin is an automatic token trading protocol based on Binance intelligent chain, which has the functions of multi-chain asset exchange, trading, lending, liquidity mining, leveraged trading, etc. The design goal is to be easier to use, lower gas fee, higher utilization rate, anti-censorship and no handling fee. It is very useful for traders, and some functions are also suitable as components for smart contracts that need to ensure the liquidity of assets in the chain.

An important feature of Wheat Field Coin is to deploy a separate transaction contract for each BSC token with a registration contract. These transaction contracts hold reserves composed of tokens on BSC and their associated BSC at the same time, which can realize transactions between two trading pairs based on related supplies. Transaction contracts are registered and connected in series, so that mutual transactions between BSC tokens can be realized by using BSC as a medium.

Wheat Field Coin supports token trading pairs on BSC-USDT/WFC, DOP and other BSC chains. In addition, it also strengthens the price prediction mechanism, accumulating the relative prices of two assets at the beginning of each block, which allows other currency intelligent chain contracts to calculate TWAP prices of two assets in any time interval. Finally, it enables flash swaps, giving users the freedom to receive assets and use them elsewhere in the chain, as long as they pay (or return) at the end of the transfer.

III. WFC Yield farming

Current mine pool funds: $89,109,001, which can be called abundant funds and huge customers;

Current DOP price: $8.83, with strong price stability and sufficient support;

Current WFC price: $43.95, with the highest exceeding $70, which has a large room for improvement;

At the same time, its single currency pledge mining, LP pledge mining and DAO matching services also have obvious highlights.

(I) Single currency pledge, strong compatibility and mature cross-chain technology;

By introducing risk-free mining mechanism into single currency pledge, users only need to pledge tokens to the banks of the platform to enjoy interest income. Its interest income is related to the utilization rate of funds, and the higher the utilization rate, the higher the income. At present, the supported tokens are BTCB, FIL, BNB, BUSD, ETH, DOP and other currencies. In the initial plan, the first five token reward plans each account for 1% of the total, DOP accounts for 20% of the total reward plan, and the total reward of single currency pledge mining pool accounts for 25%. In the follow-up, more currencies supporting single currency pledge and corresponding reward schemes will be gradually opened according to community voting. Among them, the mining calculation power of DOP is over 410%, which is eye-catching enough.

(II) Liquidity provider (LP) pledges mining, with 4 times of computing power, so access is convenient and results are obvious

The liquidity supplier is responsible for injecting funds into the liquidity fund pool to provide financial support for the market platform, where users can exchange tokens. When using these platforms, there will be user fees, and liquidity providers can be paid according to their share, which is the basis of the operation of automated market makers (AMM). There are six currency pairs in the initially opened liquidity fund pool for users to pledge: lpDOP/USDT, lpWFC/USDT, lpBTC/WFC, etc., with mining incentives accounting for 23%, USDT/WFC mining incentives accounting for 27%, BTC/USDT. ETH/USDT. BNB/USDT. FIL/USDT each accounting for 2.5%, and the total mining incentives are 10%. The total amount of LP mining rewards accounts for 60%. Subsequently, the platform will open new liquidity mining currency pairs according to DAO governance vote.

In order to provide higher rewards to contributors, invite single currency pledge and liquidity, DAO governance will give WFC with a certain amount of currency as rewards. In addition, according to the ecological development, DAO will introduce more incentive schemes one after another.

(III) Support multiple DeFi protocols, intelligent fund allocation and risk hedging.

At present, Wheat Field Coin supports a variety of DeFi protocols, which attracts high global attention. It can be found on the chain that there are tens of thousands of people holding currency, and the address on the chain is active. Its intelligent matching computing services is still the new favorite King in the current highly competitive DeFi boom.

As a DeFi + NFT platform under the trend, Wheat Field Coin can obviously epitomize the great potential of DeFi; In the future, after the steady operation of Wheat Field Coin on BSC, the development team will deploy more value smart contracts on Heco Chain and Ethereum's Layer2, develop multi-chain asset exchange functions, and improve the functions of trading, lending, liquidity mining and leveraged trading, thus injecting new vitality into the ecological development of DeFi.