DEFX Farms

We are happy to announce that our DEFX farms will be launching tomorrow at 9 pm UTC.

- The farms will go live on both Ethereum and BNB Smart Chain

- Liquidity will be provided directly to the farm contract ( so you will provide ETH + DEFX on Ethereum and/or USDT + DEFX on BNB Smart Chain

- The farms will keep track of your average entry price when adding liquidity. This average entry price will decide your annual return rate.

- The DEFX farms use a dynamic return rate based on your average entry price. The return rate is calculated within a price range from $0.05 (or less) to $1.00 (or more) and ranges from a 75% to 100% annual return on the DEFX you've added to the farm

- The DEFX farms will have a limited allocation set based on the current DEFX price, starting at 4c. The first allocation will be 300k DEFX on Ethereum and 200k DEFX on BNB Smart Chain

- Rewards can be collected on an hourly basis

- The farms can be accessed via https://defxstats.definitymarkets.com/

- At the same time as farming going live, staking will be shut down. Rewards can still be collected and any staked DEFX can still be withdrawn.