Gary McFarlaneDeFi Coin (DEFC), the native token of the new DeFi Swap decentralised exchange, has had its price data reactivated on coinmarketcap.
The coin has been dark on CMC since March as a result of issues on the BitMart decentralised exchange.
In more good news for DEFC that is indicative of its renaissance, price data is also now showing up on Trust Wallet.
The DeFi Coin’s price continues to head north while all around gets caught up in the bitcoin-led drawdown, inspired the sell-off in equities.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Bullishness surrounding the coin comes after an extended period of quiescence during which developers were working to bring key elements of the roadmap into being, namely the promised DEX in the form of DeFi Swap.
DeFi Coin has bagged astronomic price gains of 462% on a 7-day view, with more set to come as DeFi Swap rolls out its feature set, including automatic liquidity pools and its 10% transaction tax that sees 50% of that amount going back to DEFC token holders.
On such strong price performance, DEFC right now is a strong contender to be among the best DeFi coins to hold in 2022.
DeFi Swap Yield Farming of DEFC Earns APY of 30% – 75%
DeFi Coin yield farming is now available on DeFi Swap – there are plans with APYs ranging from 30% (30 days) to 75% (365 days) depending on time period.
Founder Scott Ryder says the team will be unveiling future plans over the coming days and weeks, all of which he expects to have “market moving” impact.
In addition to PancakeSwap, DEFC, as mentioned, is currently also listed on the BitMart centralised exchange (CEX) but plans are being put into action to speed listings on other CEXs.
DeFi Coin founder Scott Ryder explains: “We are going to be breaking down the main wallet into three separate ones. The purpose of this is to have the main wallet providing liquidity to all the major centralised exchanges we are planning to list on.”
So what will the other two wallets be used for?
“We will have a separate marketing wallet, and a third wallet dedicated to funding our development work on the exchange and help provide greater liquidity to as many token pairs as possible on DeFi Swap.
Ryder said that the marketing wallet will be set-up to sell DEFC at the rate of $500 per hour, but the project also includes an automatic burn function.
DeFi Swap NFT Trading in Future Plans
With other plans around NFTs and as its swap-earn-farm-stake ecosystem primed for stellar growth, DeFi Coin and DeFi Swap are excellent vehicles for securing a share of the lucrative returns on offer in DeFi.
Ryder is understandably bullish on the future for decentralised finance and his family of DeFi products.
“Even as central bankers around the world start to hike interest rates, the returns on offer to lenders are still puny compared to the double-digit, and sometimes triple-digit, returns from liquidity provision, staking and yield farming available in DeFi.”
DEFC is currently priced at $0.542, up 24.4% in the past 24 hours, as the price consolidates before the next leg higher.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Read More:
- Best DeFi Coins to Buy
- Best Cryptocurrency to Invest in 2023 – Which is the Best Crypto to Buy Now?
- Best Web 3.0 Crypto Coins
This article was written for Business 2 Community by Gary McFarlane.
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