Exchange FAQ

What is the difference between DEFED Payment and DEFED Extension Payment?

DEFED Payments wants to implement the function of automatically earning interest with idle assets, so it relies on a lending protocol, only supports a few assets and the fees can be estimated.

DEFED Extended Payments, will be compatible with all ERC20 assets like other Ethereum wallets you use (e.g. Metamask), but will not automatically earn income and payment fees fluctuate with the blockchain network.

What currencies are supported on DEFED?

DEFED supports ETH and all tokens that follow the ERC-20 standard. You can easily receive and send them or have an interaction with other DeFi protocol by using DEFED extension.

But, automatically earn interest and borrow, payment while chatting, these features will only be supported at following assets:

ETH, WBTC, USDC, USDT.

What are the fees on DEFED?

Pay to another DEFED account: about 0.17 USD per payment (paid for layer2 gas).

Pay to Ethereum wallet address: 0.05%* Payment Amount, and the minimum is 0.01, maximum is 0.25. For the payment, you will be awarded with DEFED.