Q: What is DEFED's Crypto Box?
A: DEFED's Crypto Box is an innovative feature developed by DEFED. All accounts with a balance greater than 0 in their DEFED account can claim Crypto Boxes for free. When the recipient claims the Crypto Box you send, they will receive a random amount of ETH and DEFE Tokens, and the sender and receiver will evenly split these Cryptos.
Q: Why can't I claim a Crypto Box?
A: Each account can only claim a Crypto Box once.
Q: Why can't I send a Crypto Box?
A: Sending a Crypto Box requires your DEFED account to have a balance greater than 0. If you want to send a Crypto Box, you can increase your DEFED balance by participating in activities, claiming Crypto Boxes from friends, making deposits, and more. Additionally, please note that each account can send Crypto Boxes a maximum of 10 times per day.
Q: Why is my withdrawal constantly in Pending status?
A: The withdrawal remaining in Pending status is often due to congestion on the blockchain where the withdrawal transaction is being processed. DEFED continuously monitors the Gas Price on the current blockchain in real-time. When the Gas Price exceeds 800 Gwei, DEFED temporarily halts the submission of transactions to the network until the Gas Price normalizes. Typically, all you need to do is wait, and your withdrawal will be resubmitted and confirmed when the network congestion eases. If you notice that the network Gas Price has decreased, but your withdrawal transaction is still in Pending status, please contact us for further assistance.
Q: How do users deposit assets into DEFED?
A: DEFED currently supports three methods of depositing assets: Deposit by Transfer, Deposit by plug-in Wallet, Deposit Gate. For details on depositing assets, please refer to:
Q: Why hasn't my USDC deposit arrived?
A: There are currently two types of USDC assets on the Polygon network: USDC.E (Bridged) and USDC. Please confirm the smart contract address of the USDC asset you deposited. Please note that at this stage, DEFED only supports USDC.E (Bridged) assets. The smart contract address is [0x2791bca1f2de4661ed88a30c99a7a9449aa84174]. If you mistakenly deposited USDC assets, please contact us, and we will assist you in resolving the issue.
Q: Why hasn't my Deposition arrived?
A: Depositing into DEFED requires waiting for the corresponding block confirmation for the funds to be credited. Please note that if you deposit funds using on-chain transfers, ensure that the smart contract address of the deposited asset matches what DEFED displays. If they do not match, the funds will not arrive.
Q: Can DEFED directly withdraw to a CEX (Centralized Exchange)?
A: DEFED can withdraw to a CEX. However, due to wallet configuration issues with some CEX, they might not recognize the transaction, leading to no deposit. Therefore, we recommend withdrawing to your Web3 Wallet (EOA Account) first and then depositing it to the CEX address.
Q: Does withdrawing from DEFED require fees?
A: DEFED requests different network fees for different assets. When withdrawing USDC or USDT assets on the Polygon network, DEFED does not charge network fees.
Q: How do I send Crypto to other accounts in DEFED?
A: You can add others as friends by using their DID name or Proxy Account address and initiate transfers in the chat. Once the other party accepts, the transfer is completed. You can also use DEFED's Transfer feature, input the other party's Proxy Account address, and complete the transfer. You can even use the Withdraw feature to directly withdraw assets to the other party's Proxy Account address.
Q: Why does DEFED DEX show 'insufficient liquidity' when I try to use it?
A: There could be several reasons why DEFED DEX displays 'insufficient liquidity.' 1. DEFED currently supports only a subset of trading pairs, and the pair you selected might not be among them. For example, ETH_Ethereum to USDT_Polygon. In this case, we recommend first converting ETH_Ethereum to USDT_Ethereum and then USDT_Ethereum to USDT_Polygon. You might be trying to exchange a large amount that exceeds the liquidity range offered by the current quote; please try reducing the amount and attempt the trade again.
Q: What is Slippage Tolerance?
A: Slippage Tolerance is the setting for price slippage when executing a market order. It allows users to set the slippage, with a default value of 0.1%. You can adjust it manually, but the upper limit is 1%, with a range from 0.05% to 1%.
Q: Why can't I execute a trade?
A: There are many reasons that can prevent a trade from executing, including insufficient market liquidity, unstable network conditions, and front-end issues. Corresponding solutions include: 1) For insufficient market liquidity, you can try the following solutions: - Adjust the Slippage Tolerance: This parameter helps address issues like insufficient market depth and longer front-end matching processing times. The default value is 0.1%, but you can adjust it manually within a range of 0.05% to 1%. - Change to a different trading pair: Try trading in pairs with better liquidity. 2) For unstable network conditions, you can try switching to a different network connection, refresh the page, and try again. 3) For front-end errors, you can refresh the page and try again later.
Q: Which assets are currently supported by DEFED Convert (DEX)?
A: Currently, DEFED Convert supports the following assets: ETH_Ethereum, USDC_Ethereum, USDT_Ethereum, WBTC_Ethereum, USDC.E(Bridged)_Polygon, USDT_Polygon, AAVE_Polygon.
Q: Why can't I upload my image when minting SBT?
A: Unsuccessful uploads are often related to your network environment. We recommend changing your network connection or trying again later.
Q: How can I modify my privacy mode after minting SBT?
A: We apologize, but at this stage, DEFED does not support modifying the privacy mode. You can contact us, and we will provide feedback once we make targeted optimizations in the future.
Q: What is the privacy mode for SBT?
A: When you choose Public mode, DEFED users can find your DEFED account through your email address, and your email address will be displayed on your SBT. If you choose Private mode, no one can find an associated account through your email address, and your email address will not be displayed on SBT.
Q: What is the DEFED Soul Bound Token (SBT), and what is its primary purpose within the DEFED Network?
A: The DEFED Soul Bound Token (SBT) is a non-transferable NFT used for identity verification within the DEFED Network and associated with a user's proxy address. Its primary purpose is to provide a secure and decentralized identity verification solution, allowing users to establish their unique identity in the network and easily retrieve related information.
Q: How do users use the SBT when interacting with other addresses on the DEFED Network?
A: When users interact with other addresses on the DEFED Network, they can retrieve information from publicly accessible SBT, such as handle name, email, and other detailed information.
Q: What kind of information is contained in the SBT, and what identity aspects does it encompass?
A: The SBT contains a user's handle name, a verified email address, and an NFT avatar. Users can also control the visibility of their information, making it visible to other users or keeping it private.
Q: How does SBT contribute to the user's growth and recognition within the DEFED Network?
A: As an identity verification mechanism within the DEFED Network, the SBT also tracks a user's growth and activity within the network. Users will be recognized and rewarded based on their contributions and participation within the DEFED Network. The growthability of DEFED SBT will be implemented based on the composable NFT standard ERC6551.
Q: What is the current status of the 'Growthability' feature on DEEFD SBT?
A: The 'Growthability' feature is currently under development. This feature will be implemented using the ERC6551 standard to track user activity and contributions within the DEFED Network. Users will receive badges and rewards based on their contributions within the DEFED Network. Specific details will be announced in DEFED's future announcements and blog.
Q: Why is the Soul Bound Token (SBT) non-transferable and non-sellable?
A: The SBT is a token modified from the ERC-721 standard, but the modification makes its ownership immutable, rendering it non-transferable and non-sellable. This means it cannot be transferred to other users or sold, ensuring its uniqueness and immutability as a user's identity.
Q: How do users control the visibility of their SBT information?
A: Users can provide the minimum required data, such as a handle name and an avatar, without providing other private information. Users can also choose to set their email address as public or private.
Q: What are the future plans for SBT?
A: Future plans for SBT include NFT transfer functionality, default avatar allocation, and the ability to click on a user's avatar in group chats to display user profiles. These features will further enhance interaction and user experience within the DEFED Network.
Q: What should I do if I forget my account login password?
A: So sorry, DEFED does not support password recovery services at this stage. You can contact us, and we will provide feedback once we make targeted optimizations in the future.
Q: What should I do if I haven't received the email verification code?
A: I recommend checking your email's spam folder and any related whitelist settings. Also, to prevent system abuse, if you request verification codes too frequently, the system may temporarily suspend sending them to you. If you still can't receive the verification code after checking your spam folder and whitelist rules, please contact us.
Q: What is a Proxy Account?
A: To achieve account abstraction, allowing users to access Web3 accounts using traditional email and password, DEFED deploys a Proxy Account for each registered user. From an account type perspective, the Proxy Account belongs to a CA account, which is a smart contract account, so it has the advantages of CA accounts: no need for a mnemonic phrase, no need for gas preparation, and the ability to execute complex operations in a simple way. After identity verification, users can easily use DEFED in a Web2 app-like manner and interact with other dApps.
Q: What is 'Account Abstraction'?
A: 'Account abstraction' is a core concept of DEFED, allowing users to log in in multiple flexible ways, including Metamask, email, and social logins. The goal of this concept is to simplify the user's experience when entering Web3, eliminating complex settings and procedures to make it more user-friendly.
Q: How can I view my Proxy Account address?
Q: How can I register an account on DEFED?
Q: What is AToken?
A: AToken is the term used for interest-bearing assets in the DEFED Network. It is not a standard ERC20 asset because its balance grows at a certain rate with the increase in blocks. When users deposit interest-bearing assets listed by DEFED into DEFED, DEFED mints the corresponding interest-bearing AToken for their Proxy account to record and settle. When users withdraw interest-bearing assets from their accounts, DEFED removes the corresponding AToken from the user's Proxy account.
Q: What is VToken?
A: For tokens supported by DEFED but that do not exist in the lending market, DEFED creates fully mapped standard ERC20 Tokens, known as VTokens. When users deposit such asset tokens into DEFED, DEFED mints VTokens for their Proxy Account to record and calculate. When users withdraw asset tokens from their accounts, DEFED removes the corresponding VToken from the user's Proxy account.
Q: How can I check my account balance?
A: You can view your current account balance on the Portfolio page. Please note that when you choose "Deposit by QR code," you need to click "[I have paid]" and manually confirm the deposit for the deposited assets to appear in your balance.
Q: What is the 'health factor'?
A: The health factor is an indicator used to measure the level of risk in an account during lending or collateral transactions. It is typically a number between 0 and infinity. A higher health factor indicates a better financial condition for the account, while a lower health factor suggests that the account may be at risk. Specifically, the health factor thresholds and their descriptions are as follows: 0.0~1.0: The account is undercollateralized and will be immediately liquidated until the health factor recovers to 1 or higher. 1.0~1.5: Your account is close to the liquidation threshold of collateralization and may trigger liquidation after market fluctuations. It is recommended to repay some of the loans or increase collateral to avoid liquidation risk. Greater than 1.5: Your account is overcollateralized and will not trigger liquidation.
Q: When liquidation occurs, will all of my collateral be liquidated directly?A: DEFED will conduct the liquidation process as necessary and will not normally liquidate all collateral. When liquidation occurs, DEFED will gradually liquidate the collateral until the account health factor returns to 1. Q: How do I avoid liquidation?A: To prevent liquidation, you need to deposit more assets as collateral, or repay loan/interest payments to ensure your health factor is above 1. Q: Can I participate in the liquidation ecosystem?A: Yes, DEFED's clearing mechanism is open to anyone with clearing ability. However, since clearing is profitable in most cases, competition will be fierce and this may require some program development skills. For DEFED, the ability to clear faster and at a better price is the most important consideration. Upon completion of liquidation, the liquidator will receive a liquidation bonus.
Q: What are the current features supported by DEFED?
A: Decentralized Chatting, Convert (RFQ On-Chain), SBT (DID with Growthability), Feeding, Lending.
Q: Has DEFED launched a mobile application?
A: At the current stage, DEFED has only launched a web page. You can access DEFED Mobile using a mobile browser.
Q: What is DEFED's vision?
A: The vision of DEFED is to be the ultimate network for Web3 enthusiasts, aiming to make Web3 accessible and enjoyable for everyone. Their platform offers a seamless onboarding experience and a rich tool and feature ecosystem to cater to various needs on Web3.
Q: What is the core product of DEFED?
A: The core product of DEFED is a social chat application that provides not only simple messaging but also allows users to control their data and communication with end-to-end encryption. This application also integrates with existing social networks like Discord and Telegram, allowing users to easily connect their existing accounts.
Q: What is DEFED Feeding?
A: DEFED has introduced an AI bot to simplify the experience of gathering valuable information. It automatically summarizes and highlights key insights from internet sources, ensuring that you never miss important updates or discussions.
Q: What is 'Approve'? Why do I need ‘Approve’?
A: For security and permission control reasons, smart contracts or protocols require your confirmation and approval before accessing and interacting with the tokens in your account. This process is referred to as 'Approve.' In the DEFED network, when you perform certain operations for the first time, you'll need to approve DEFED smart contracts to access and manage your account assets.
Q: What is DEFED-Guess?
Q: What is the "Say-hi channel"?
A: All users who join DEFED can choose to join the DEFED Say-hi channel. Here, you can greet and connect with DEFED users from around the world.
Q: Can I set a nickname for my contacts?
A: Absolutely, DEFED Chat supports adding nicknames for your contacts. If you haven't added a nickname, it will display the contact's DID name. If the contact hasn't minted an SBT, it will display their Proxy Account address.
Q: How can I create a group in Chat on the mobile app?
A: I'm sorry, but currently, DEFED does not support creating groups on the mobile app.
Q: What is DEFED 2.0 Migration?
A: DEFED has launched its 2.0 version, and due to the adoption of a new account design and network deployment, users of DEFED V1.0 need to migrate their DEFED accounts and assets to DEFED 2.0 to access the new features.
Q: What should users be aware of during the migration?
A: Before initiating the migration, it's important to clear all Debt in your V1 account, or else you won't be able to proceed with the migration. Additionally, you'll need to authorize DEFED smart contracts to access and manage your assets in your Proxy Account to complete the migration.
Q: How does DEFED stay secure?
A: DEFED uses audited smart contracts to lock your assets in a vault to protect against hacking attacks. DEFED will provide 2 audit reports by Certik & Armors. There is a limit on the maximum amount that can be withdrawn from an address within 24 hours. DEFED Treasury has set up a risk fund to cover any unexpected risks.
Q: Is there any insurance provided for DEFED smart contracts?
A: DEFED Treasury has set up a risk fund to cover accidents. Of course, more risk countermeasures are in the prevention part, so DEFED will provide 2 contract smart security audit reports. At the same time, along with the progress of the project, DEFED will start a Bug Bounty campaign for the whole DAO.
Q: What is DEFE Token?
A: DEFE Token is the core asset of the DEFED Network. DEFE is a governance token and a utility token. Users will earn DEFE Tokens based on their contributions to the DEFED Network and participate in the growth and governance of DEFED Network through DEFE Tokens, sharing in the ecosystem's growth. At the current stage, users can use DEFE Tokens to participate in the DEFED Prize Pool for a chance to win rewards.
A: Please refer to:
A: Currently, DEFED supports two registration methods: email registration and registration using a Web3 wallet. For details, please refer to: . In the future, DEFED will support registration and login using social accounts, where you can use your social account (Google, Twitter, etc.) for verification and authorization, allowing you to register directly on DEFED.
A: DEFED-Guess is a group within DEFED Chat where regular price prediction contests are held. Winners will receive crypto rewards. Currently, the frequency of these contests is three times a week. If you'd like to join the DEFED-Guess Group, please refer to:
