Rank #785
6,668 people like this
defi for you  (DFY)

Defi For You (DFY)

$0.062947160414 0.4%
0.00000143 BTC -1.3%
0.00016651 BNB -0.8%
6,668 people like this
$0.062599009760
24H Range
$0.067978402910
Market Cap $23,652,418
24 Hour Trading Vol $1,795,737
Circulating Supply 376,416,467
Total Supply 846,416,467
Max Supply ?
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Defi For You (DFY) Price Chart

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1h
24h
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1y
-0.1%
0.4%
-10.2%
-11.8%
-60.5%

DFY Price and Market Stats

DFY Price $0.062947160414
Market Cap $23,652,418
Market Cap Dominance 0.00%
Trading Volume $1,795,737
Volume / Market Cap 0.0758
24h Low / 24h High $0.062599009760 / $0.067978402910
7d Low / 7d High $0.059159876424 / $0.071727858670
Market Cap Rank #785
All-Time High $0.270960 -76.9%
Apr 21, 2021 (5 months)
All-Time Low $0.040023691207 56.5%
May 05, 2021 (5 months)

Defi For You Coin Price & Market Data

Defi For You price today is $0.062947160414 with a 24-hour trading volume of $1,795,737. DFY price is up 0.4% in the last 24 hours. It has a circulating supply of 380 Million DFY coins and a total supply of 846 Million. If you are looking to buy or sell Defi For You, Hotbit is currently the most active exchange.

DeFi For You is a peer-to-peer lending platform where users can loan against crypto, NFTs, and real-world assets.
Lenders can earn interest by depositing digital assets into loans, and borrowers can use their crypto and NFTs as collateral for instant loans. Lenders can set terms of loans and interest rates themselves, and negotiate these terms with borrowers before committing to a loan.
DeFi For You is also partnered with pawnbrokers in the UK and has built a system whereby borrowers can bring real-world assets like jewellery, watches, and so on into a pawnshop and have it valued, stored, and turned into an NFT, where it can then be used as collateral for a DeFi loan.
The project aims to give ordinary people genuine control over their assets by making all lending on the platform peer-to-peer.
Who Are the Founders of DeFi For You?
DeFi For You was founded in September 2020 by the former co-founder of Travala.com (AVA) Adam Chaplin.
Adam began his career as a British Royal Marine Commando where he was eventually responsible for training incoming soldiers both at home and abroad. He then moved into the travel and tourism industry, where he founded an upmarket travel agency and later co-founded Concierge (Travala.com), a crypto-friendly holiday booking website and home of the AVA ERC20 token.
The core team of DeFi For You is currently split between the UK and Vietnam, the latter of which has an emerging IT and blockchain development sector that rivals the global standard.
What Makes DeFi For You Unique?
The DeFi space has largely neglected the worlds oldest financial service: pawn.
The pawnbroking industry was hit hard by the pandemic and has barely recovered. DeFi For You is offering this industry a future that will secure it more business by allying itself with DeFi, while giving borrowers the benefit of more liquid collateral.
DeFi For You allows anyone to come onto the platform and set up one of two things:
A digital pawnshop that will become a part of our web of inter-connected DeFi pawn bases.
A P2P lending shop where users can lend out crypto while taking other tokens and coins as collateral.
This allows anyone to earn interest on DeFi lending and allows instant access to finance for anyone, regardless of their credit history.
This also allows users to set their own terms and interest rates, something that the wider DeFi industry has failed to offer.
What Are the Tokenomics of DFY?
DFY is built on Binance Smart Chain and has a BEP20 - BEP2 bridge.
861,416,467 total existing DFY (no more can be minted)
200 million DFY tokens are locked for 5 years by smart contract (Reserve)
285 million DFY are locked for 2 years by smart contract (R&D)
233 million DFY are staked for 3 - 12 months (28/07/2021)
45 million are reserved for team and founders
DeFi For You executes a quarterly burn of DFY tokens to reduce overall supply and increase the value of the token over time. As of July 2021, a total of 138,583,533 DFY tokens have been burned.
Dig Chain Native to DeFi For You
In August 2021, DeFi For You will be launching its own native POS blockchain called Dig Chain.
The DIG Coin will be airdropped one-to-one to all DFY holders and will be used as a governance coin for DeFi For You. Members of the community will be able to run nodes and validators for Dig, including on Raspberry Pi, which will allow them to democratically participate in the platform's development.
Dig Chain also aims to bring real estate onto the blockchain. Dig Chain will be forked for every local jurisdiction to ensure it can comply with different local regulations. Property governance through the blockchain has not been successfully done before and will open the doors to $280 trillion worth of real estate that could potentially be brought on-chain.
How is DeFi For You Secured?
DeFi For You is built on Binance Smart Chain which uses a Proof-of-Stake (POS) consensus mechanism. This has the added benefit of making it significantly less energy-consuming.
The DFY smart contract has been audited by CertiK and has a live Skynet security analysis ongoing.
Where Can You Buy DFY?
DFY is listed on several major exchanges, including CoinTiger, HotBit and Indacoin, as well as decentralized exchanges, including PancakeSwap, BakerySwap, and JulSwap.

Defi For You News & Guides

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