DEX Now Offers 92 Digital Assets After DeFi Swap and DeFi Coin Rebrands

Updated: 01 March 2023

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DeFi Coin (DEFC) and its associated decentralized exchange, DeFi Swap, rebranded after the FTX fiasco, and both are now sporting new websites and logos. The update comes with the introduction of 15 new coins, and as a result, the ecosystem’s trading options are being expanded.

DEFC, the native cryptocurrency of DeFi Swap, was introduced on May 10, 2021. The DeFi Coins ecosystem is a community-driven, decentralized environment that is at the forefront of the creation of algorithmic crypto trading strategies.

DEFC token holders are granted many benefits, including access to automated liquidity pools, earning yield from reflections, and benefit from the manual burn program. If investors choose to lock up their holdings for a year, they can receive stake rewards of up to 75% annual percentage yield (APY).

DeFi Coin Is Ideal for the Post-FTX Environment

The DeFi space can be categorized into three application types. These include decentralized exchanges (DEXs), lending protocols, and yield farming. DEFC encompasses all three, making it appealing to newcomers to the DeFi market and those interested in learning more about the coin’s financial potential.

At their peak in the first quarter of 2022, DeFi sector protocols had a combined total value locked (TVL) of about $200 billion. Despite the onset of the crypto winter and several significant blows to the crypto industry, like the collapse of the Terra ecosystem and the FTX exchange, the DeFi sector has been extremely resilient.

The Defi Swap total value locked (TVL) is $2,291,041, while the total TVL in the DeFi sector is currently at $48 billion. This is three times more than its size at the start of 2021.

In fact, it might be argued that DEXs like DeFi Swap will greatly benefit from the demise of FTX as traders become warier about doing business on centralized exchanges. The whole financial industry is susceptible to disruption, and fingers are pointed at decentralized exchanges, and this is because they do away with the requirement for third-party intermediaries and all the comparative inefficiencies and associated costs. Leading this wave of innovation are the DeFi Swap and the DEFC coin.

DEFC Yield Is Supported by Transparent Transaction

Dividend disbursements for DEFC are not backed by any complicated algorithm. The income stream for stakers is instead supported by the transparent protocol, which taxes transactions at a 10% rate and divides the proceeds 50/50 between the DEFC/BNB liquidity pool and DEFC holders.

This means that each token holder will receive a share of the reflections merely by “hodling” DEFC tokens. This will be in accordance with the share of each token holder’s overall supply.

The static rewards system of DEFC solves short-termism by rewarding DEFC token ownership and accumulation over the long term.

There are currently 92 tokens available on DeFi Swap for swap against 11 different common bases. This includes DEFC, WBNB, WETH, USDC, USDT, and BUSD. DeFi Swap also offers four fundamental ideas for farming DEFC that have appealing yields:

Bronze: 30 Days – 30% APY
Silver: 90 Days – 45% APY
Gold: 180 Days – 60% APY
Platinum: 365 Days – 75% APY

Defi Coin Price to Rise After Rebrand

On July 19, 2021, the DEFC price reached an all-time high of $4.00 before dropping to $1.12 the following week. DEFC is currently trading at $0.0334.

The currency lost more than 90% of its value in a severe fall; thus, the current alignment of forces is a buyer’s paradise, given the risk-reward upside that followed. It is not unreasonable to set a price goal at which DEFC may once again trade above $1, representing a 30x gain.

DEFC and DeFi Swap are good options for securing a piece of the high profits on offer in DeFi because they have plans for NFTs and a swap-earn-farm-stake ecosystem ready for expansion.

DEFC is a token that complies with the BNB Smart Chain and may be purchased on Bitmart or Pancakeswap. The ambassador and referral programs are open to anyone who wants to participate and receive rewards for promoting DeFi Coin.

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