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Centralized exchanges have been the backbone of the crypto market for many
years. They provide fast settlement times, high transaction volumes, and
continuously improve liquidity. However, a centralized economy does have certain
limitations nonetheless.
To meet the ever-evolving needs of the world, there is a parallel world being built
and grown stronger every day, decentralized transactions. Decentralized exchanges
(DEXs) do not require middlemen or custodians to facilitate trading.
Although there are many new platforms released to users, each has its own
limitations. And below, a completely new platform will be introduced to you, a more
complete platform, an upgraded platform of many other ones nowaday.
It’s MoonDeFi.
MoonDeFi’s protocol
The first thing you should know is the protocol of this platform. Since its inception,
the MoonDeFi Protocol (”MoonDeFi”) has served as trustless and highly
decentralized financial infrastructure.
The innovative Defi platform MoonDeFi has recently made liquidity mining available
to users. After the Liquidity Providers contribute their coins to the pool, they will
receive LP tokens. Liquidity Providers can use those tokens to participate in the
Staking Program with a high profit rate. The reward will be distributed among users
who deposit funds to the liquidity pool and join this program. Besides, Staking
program is also applied for holders of other tokens.
MoonDeFi automatically searches for the latest and most efficient DeFi platforms. It
then optimizes productivity with the latest algorithms that can find highly profitable, at
the same time very affordable groups for the user. Users then benefit at a steady
rate of interest through farming.
At MoonDeFi, when users stake a coin/token, they will receive an interest of 30-40%
a year, but when users become a liquidity provider and stake their LP tokens, the
interest can go up to 45%, a number that is truly different from those of other
platforms. Besides, MOON, the native token of the MoonDeFi platform itself, is the
one with the highest APY of 150%. It is only issued in a certain small number of 210
million tokens.
The farming program will go live November 16 2020 12:00am UTC. The initial
program will run until February 16 2021 12:00am UTC and target the following 29
pools on MoonDeFi:
MOON
MOON/WBTC
MOON/ETH
MOON/DAI
MOON/UNI
MOON/USDC
MOON/USDT
MOON/LINK
WBTC/USDC
ETH/USDT
ETH/USDC
ETH/DAI
ETH/LINK
ETH/UNI
ETH/WBTC
USDC
DAI
WBTC
TUSD
BUSD
AUSDC
PAX
UNI
LINK
AAVE
MKR
COMP
CRV
YFI
After 30 days, governance will reach its vesting cliff and MoonDeFi governance will
control all MOON vested to the MoonDeFi treasury. At this point, governance can
vote to allocate MOON towards grants, strategic partnerships, governance initiatives,
additional liquidity mining pools, and other programs.
MOON Allocation
210 million MOON have been minted at genesis and will become accessible over the
course of 4 years. The initial four year allocation is as follows:
A perpetual inflation rate of 2% per year will start after 4 years, ensuring continued
participation and contribution to MoonDeFi at the expense of passive MOON
holders.
Community Treasury
With 20% of tokens already available to be claimed by historical users and liquidity
providers, the governance treasury will retain 49% [102,900,000 MOON] of MOON
supply to distribute on an ongoing basis through contributor grants, community
initiatives, liquidity farming, and other programs.
MOON will vest to the governance treasury on a continuous basis according to the
following schedule. Governance will have access to vested MOON starting
November 1 2020 12:00am UTC.
Team, investor, and advisor MOON allocations will have tokens locked up on an
identical schedule.
So, in summary, MoonDeFi is a more complete version of other DeFi platforms, with
the transaction fee earnings of 0.3% of trading for Liquidity Providers and the staking
interest up to 45% annually.