POOL RULES

Follow these instructions to set everything up for using Defi Pool, or call the Lifeguard if you've lost your way.

To get started with Defi Pool, you first need to set up a wallet that supports the BNB Smart Chain (BSC). Wallets are available for both desktop and mobile devices. You need to choose the one that best suits your needs. When you are setting up a wallet, be sure to:

Connect Wallet

Follow these instructions to set everything up for using Defi Pool, or call the Lifeguard if you've lost your way.

Metamask

Coinbase

Wallet Connect

Fortmatic

Portis wallet

Deposit BEP20 Tokens

BEP20 is the token standard of BNB Smart Chain (BSC). To complete transactions on the BSC network, you will need to pay for gas in BNB (BEP20). You will also need the BEP20 version of each token you want to trade, stake, etc. There are many ways to get these tokens, but the most common are:

Binance Bridge

You do not need to create an account, just check the link:

docs.binance.org

Binance.com

You can withdraw tokens as BEP20 from your Binance account (if you have one):

binance.com

Pointpay.com

Log in and swap here:

upcoming

You have created a wallet and deposited your BEP20 tokens. Now you just have to connect your wallet to the Defi Pool and you are ready to go!

Trading on the Defi Pool is an easy way to exchange one BEP-20 token for another via automated liquidity pools. When you swap a token on our DEX, you pay a 0.20% trading fee, which is distributed as follows:

Liquidity and staking

The liquidity pool is a place where tokens (also known as liquidity) are pooled so that users can use them to trade in a decentralized and permissionless manner. These pools are created by users and decentralized apps who want to profit from their use. The pool starts with an exact 50:50 ratio. For example, if you want to deposit $300 into the $DFPS/BNB pool, you'll need to provide $150 in $DFPS and $150 in BNB. Most of the liquidity pools use the tool called the Constant Product Automated Market Maker (AMM) which means if you buy more and more $DFPS by giving it BNB it will slowly raise the price you buy each token for as AMM strives to keep that perfect ratio afloat - basically supply and demand law. Whenever you deposit funds into a liquidity pool, you become a Liquidity Provider who receives a share of the trading fees (swaps). Your pool share correlates with the amount you can earn as a Liquidity Provider.

A smaller pool isn't as stable but gives you a higher APR because you hold a higher share of the pool. So, for example, if you deposit $DFP and BNB into a liquidity pool, you'll receive $DFP-BNB LP tokens, which you can redeem at any time by removing your liquidity. Each time someone trades on the Defi Pool Exchange, the trader pays a 0.20% fee, of which 0.17% goes to the liquidity pool of the swap pair they traded on.

To earn even more, you can go to the Farm and earn some yield by staking your LP tokens and earning $DFP. By the way, youd still get a 0.17% trading fee reward - sounds like a good plan, doesnt it?

Impermanent Loss

Impermanent loss is when your share of the LP providers position becomes uneven compared to the original position. For example, at the time you invested in the liquidity pool, a particular token was $100, but over time the price has risen to $170. While you make some profit as LP, you might look at this price difference and realize that it would be better to HODL the token. Impermanent loss is one of the risks you might be exposed to when providing liquidity. For more details, please, visit the Binance Academy.

Adding liquidity to a new pool

If you want to add liquidity to the pool that does not exist, you can create it! Just provide the tokens, and you are ready to go. As the first liquidity provider, you set the initial exchange rate (price) if one of the tokens in the pair does not exist yet on Defi Pool. The price often corrects quickly due to arbitrage and other liquidity providers joining the pool.

Farming

When you provide liquidity, you receive LP tokens as proof of contribution. For example, if users deposited $DFP and $BNB into the pool, they will receive $DFP-BNB LP tokens. These tokens represent a proportional share of the pooled assets. LP tokens can be staked in Farms to earn $DFP. We have several pairs for you to stake :) To set up, you first need some LP tokens to enter into the Farm. Note that Farms only accept their own token. For instance, you cannot use stake $DFP-BNB LP tokens in the BUSD-BNB Farm. Farming brings you $DFP rewards over time.

Yield Farm APR calculations include both:

LP rewards APR earned by providing liquidity and (previous section)

Farm rewards APR earned by staking LP Tokens in the Farm.

If you ask us how often you should harvest your rewards - the answer is whenever you want, but remember that you get more rewards if you keep them longer. Also, harvesting comes with a small fee that will be reflected in your wallet. Consider holding your rewards for a while so you dont have to pay fees as often.

Stake

Defi Pool offers a single-stake pools where only one type of token is needed to stake. No LP token-making is required, but the concept is similar to making a liquidity token (LP) and staking that LP in a farm to earn other tokens. When it comes to staking you have two options on how to proceed:

• Opt-in for flexible staking and stake as many tokens as you want for any period you like. You can withdraw your funds any time without additional fees.
• Opt-in for fixed staking, which means you lock your funds for a certain period to receive higher APY.

We want our pool chillzillas to enjoy some perks while staking with us for a longer period. As was mentioned earlier, the first benefit of this is higher APY. Secondly, to increase the incentive we have decided to generate a random airdrop of $DFPvotes for those who stake longer than 60 days. To receive this additional reward, you just need to follow our news feed on Discord and participate once the airdrop is announced.

Please, remember that after you have staked with Fixed Staking, you can withdraw your tokens without a fee only after a specific deadline. In case the withdrawal happens before 30, 60 or 90 days run out, a fee of 2%from the deposit amount + the acquired rewards would be taken.

Tokens can be harvested/unstaked after 30/60/90 days following staking. The user will have to unstake the total number staked to harvest tokens. The total staking amount and accrued rewards are granted to the user after unstaking.

The staking interest is distributed daily from 12:00 PM (CET) on the day after the funds are deposited to the contract to the end of the corresponding product period (given that the funds are deposited before 12:00 PM (CET).

Defi Pool is here to stay. Check out the Roadmap to see what is going to be your next favorite slide. The below is only subject to change based on community feedback and governance discussions. Instead of fixed deadlines, we prefer to have a list of milestones in order by priority, which allows us to be more flexible in adapting to market trends without committing to a fixed schedule.

The Defi Pool ecosystem and economy is designed to function with a sustainable dual-token economy. These dual tokens are designed to function as key tokens tied to various utility cases as designated within the entire Defi Pool ecosystem and products.

DFP - $DFP will serve as the main token of the Defi Pool ecosystem and the only liquid token in and out of the Defi Pool ecosystem. The DFP token is deflationary and will be burned progressively using a solid burning mechanism. DFP is developed on the Binance blockchain having the Binanace Smart Chain - BSC as there will be a total supply of 500 Million tokens ever created.

• Exchange DFPvote token
• Stake to earn rewards
• Payment for all transactions and trading fees within the ecosystem

We have created solid tokenomics for the $DFP token, designed to provide good earning opportunities within the Defi Pool ecosystem.

The $DFP will be limited to an initial total supply of 500,000,000 tokens, meaning no additional tokens will be minted ever.

$DFP is designed to have a deflationary model, which means that the initial supply is fixed, and no new $DFP will ever be minted again. We aim to ensure the total supply is slowly and progressively reduced strategically over time through a token burn mechanism designed to ensure that supply decreases systematically while we increase the demand for the token within the ecosystem.

All in-game rewards will be paid to users/players in SPLAHIE - the in-game token and players must exchange for DFP - $DFP to take value outside the Defi Pool ecosystem. This is to help us drive all in-game currency demands to DFP token, creating an external healthy secondary market for the $DFP token price.

We have put a standard vesting strategy in place for specific token allocations, such as Team, Partnerships/Advisors, Treasury, Token sale, Marketing, etc., to regulate the circulating supply of the $DFP token. With this mechanism, we can control the number of tokens released into circulation over a given period, preventing excess tokens in circulation which do not match demand and could cause a crash in the price that could cause FUD in the entire Defi Pool ecosystem.

We have devised various means and systems to reduce the total supply over time, such as the buyback program, which partly sponsors the burning mechanism.

• Token Name: FLOATIE
• Token Symbol: $FLE
• Total Supply: 500,000,000
• Hard Cap: 3,080,000 USD
• Soft Cap: 500,000USD
• Blockchain: Binance Smart Chain (BSC)
• Model: Deflationary

The following will only be applicable if the need arises within the ecosystem:

• Replenish the staking rewards pool if needed
• Handle future ecosystem development if needed
• Handle future ecosystem development if needed
• Handle future ecosystem development if needed

The DFPvote token ($DFPvote) is designed to act as a standalone token for Governance purposes. This token is inflationary and will only exist and be valuable within the Defi Pool ecosystem. Game players and other ecosystem users who earn this token from any in-game events (lottery and prediction) and stake DFP for a long-term as a reward can cash out the liquid value of this token by converting it to the equivalent of DFP using the Defi Pool ecosystem exchange feature.

For users to participate in any gaming events such as Lottery and Prediction games within the Defi Pool ecosystem and earn rewards, they must purchase the $DFP token from an external exchange (DEX) and convert it to DFPvote within our ecosystem using the in-game exchange feature.

Holders of DFPvote - the governance token will have access to voting rights and other features, as supported in the ecosystem.

• Rewards for in-game events and activities
• Purchase of in-game assets
• Vote on decisions within the community
• Create proposals for voting within the ecosystem
• Rewards for staking DFP on a long-term basis

The Defi Pool ecosystem will host two unique staking programs designed to incentivize token holders and bring sustainability and stability to the entire Defi Pool ecosystem.

We have allocated 39% of the total supply, which amounts to 195,000,000 tokens, to cater to the DFP Staking & LP staking rewards.

The $DFP token staking program is highly sustainable, allowing users to earn more $DFP tokens by staking their tokens with our staking smart contract. Token staking is only open to holders of the $DFP token.

The $DFP staking program will feature two (2) unique staking systems for all token holders to give room for flexibility to all token holders.

Flexible staking allows users to stake their tokens for as long as they want to without compulsorily locking them for some time. The users are free to unstake their staked tokens as it pleases them while they can access their rewards daily. Users who opt for this staking model are not entitled to any other form of dividends within the Defi Pool ecosystem.

Flexible staking allows users to stake their tokens for as long as they want to without compulsorily locking them for some time. The users are free to unstake their staked tokens as it pleases them while they can access their rewards daily. Users who opt for this staking model are not entitled to any other form of dividends within the Defi Pool ecosystem.

A lock period is when tokens are wholly locked, and users cannot unstake their tokens within this period. The token holders will decide the Lock Period, as they will be entitled to the set APY for their chosen lock period.

The fixed-term staking DFP pool APY is variable, just like the flexible one. The fixed-term staking DFP pool APY is dependent on

• Total DFP staked in the DFP pool (the sum of both Flexible + Fixed-Term Staking).
• The average lock duration of all DFP locked in fixed-term staking.
• A yield boost (similar to a multiplier) calculated from a user's initial lock duration. The longer you stake your DFP, the higher the yield boost.

A User opts for the fixed staking with 20,000 $DFP tokens and selects the 5 months lock duration, and the staked tokens get completely locked for 5 months by the staking smart contract, so users cannot unstake within that period. The five months lock duration makes the token holder eligible for the 55% APY, for instance, which translates to:

• 40.5 $FLE daily
• 293 $FLE weekly
• 1,220 $FLE monthly
• 14,650 $FLE yearly

These rewards come with other attached benefits as offered by the ecosystem.

P.S. To ensure sustainability in our staking program, the yearly token yields for each staking level will be halved after every 12 Million $DFP Tokens have been paid out as a reward.

We have created an internal token swap feature for DFP-DFPvote within the Defi Pool ecosystem to convert our main token DFP - $DFP to our secondary token - DFPvote. All token holders within our community can use this mechanism to convert tokens from $DFP to DFPvote and vice versa.

• The token holder has two choices to make on how to utilize his earned token
  • He can spend the earned SPLAHIE on other items within the ecosystem, such as gaming, voting, etc.
  • He can cash out his earned SPLAHIE for real money outside the Defi Pool ecosystem.
• To achieve this, the user must convert to the $DFP to cash out for real value outside the ecosystem.
• The tokenholder goes to the internal exchange to get $DFP by exchanging his 20,000 DFPvote tokens for 400 $DFP at the current exchange rate.
• The token holder now has 400 $DFP tokens and can exchange that for other cryptocurrencies such as BNB and other supported pairs on a decentralized exchange outside the Defi Pool ecosystem. When DFPvote is swapped for $DFP, the corresponding SPLAHIE tokens are automatically burned.

To cash-out DFPvote tokens for real value outside the ecosystem, users need to swap them for $DFP.

DFPvote Free swap for $DFP will be available every two (2) weeks, corresponding to two(2) free monthly swaps. So, users can earn as much SPLAHIE from in-game events and activities, which will be credited instantly to their wallets, but the token swap will happen according to the set schedule (Twice a Month).

P.S. Users can also make token swaps outside the schedule, which will attract a 10% Tax on such withdrawals.

We have devised a slow and strategic token burn system that the governance token buyback program will support.

The buyback program is designed to help Defi Pool get back/buy back tokens from the circulating supply. To create price stability and upward pressure for the $DFP token, we will send some of the tokens returned from circulation to a burn address which will be burned as decided through voting by DFPvote token holders instead of burning dormant tokens that are not in circulation and will have no effect on the token price.

• 50% - Token Burn Address
• 50% - Strengthen $DFP DEX Liquidity Pool

1% Buy Tax

• 50% $DFP Buyback
• 30% Staking Rewards Pool
• 20% Team Wallet

3% Sell Tax

• 50% $DFP Buyback
• 30% Staking Rewards Pool
• 20% Team Wallet

• 0.17% Returned to liquidity pools as a reward to liquidity providers
• 0.02% Sent to the Defi Pool Treasury
• 0.01% Sent towards $DFP buyback and burn

10% Tax on swaps outside the monthly swap schedule

• 50% Defi Pool Treasury
• 40% Staking Rewards Pool
• 10% Token Burn Address