Defenomics
Defenomics Ver 1.0
Last updated
Defenomics Ver 1.0
Last updated
In the twenty-first century, as people needed a form of money that's more convenient and secure, something that can be accessed from anywhere with a PDA or an Internet connection, Elon and Peter Thiel wanted to release a world-class wallet product in 1999. This wallet's purpose is for Americans but not only for Americans.
Even products like PayPal, is still not an e-wallet that you can open your account anywhere. PayPal neither provides stable currency nor borderless payment for the world. Notwithstanding that there are a lot of compromises and the no-longer-stable U.S. dollars, their dream is coming true. Blockchain has started a new 'nuclear era' of global payment, enabling discoveries such as uranium. And the introduction of these new concepts of Web3.0 and layer 2 has shone light on their dream —— An era of new opportunities and technological advancements bring them one step closer to their dream.
Building a super wallet is our optimal goal
DEFED will provide a ready-to-open, truly user-controlled, borderless payment account for all those in need around the world:
1) keep money in your own wallet one stop login to any dapps with DEFED wallet
DEFED minimizes the cost of getting an account. You will have a wallet and be the owner of DEFED, as long as you have a device that can connect to the Internet.
2) Pay like tweeting your friend
Global payment is so expensive currently both in terms of actual costs and time costs. Most cross-regional or cross-currency payments bear high costs, for example, a Brazilian businessman does business with an Argentinean businessman and their payments take weeks to arrive and their costs are up to 3%. The cost is still high on current Ethereum, even using CryptoCurrency. And transfer cost amounts to $20 in the high GasFee era.
3) Your money never sleep Get enormous returns safely from your account
Asset locking for revenue, a decentralized credential that can link multiple dapp services.
Blockchain assets are locked in different smart contracts at this stage. Users have to withdraw and deposit their original assets repeatedly and this process will consume energy and costs. Accordingly, DEFED attempts to meet faster global payment and lower cost through avoiding unnecessary process, realizing traditional transfer and payment within DEFED protocol in the form of mapping assets.
How to solve safely:
DEFED provides low-cost, low-threshold and efficient payment services to the world, while at the same time dedicated to social sustainability: the anti-money laundering engine.
How does DEFED control risk and ensure the security of transactions? DEFED saves known "black addresses" and "gray addresses" from around the world, and then performs a graphical anti-fraud engine to facilitate the provision of anti-fraud and money laundering filtering algorithm upgrades.
New technologies bring new business models, but it is necessary to provide service and maintain the right social value in the lowest cost model. Because values are held by human beings instead of technology. Only if technology is more positive than negative to society, will they be allowed and promoted in the long run.
As in the payment revolution:
“Even with this exceptional cast, Earth versus Palo Alto was no easy contest. While we were not able, in our limited tenure, to fully transform PayPal into the Microsoft of payments, we created a multibillion dollar company, built a highly lucrative business model while most dot-coms went bust, and empowered millions around the globe to move money with the click of a mouse. It may not be “world domination,” but, then again, it’s not half bad.”
Here DEFED is coming! Follow the paypal mob, raise the banner of skull and crossbones, and fight for the convenience of all mankind and truly control of your own property! Valor is the highest medal of a strong heart.
Total supply of DEFE is 10 billion (10,000,000,000). The tokens are allocated as follows:
Group
Details
Allocation
Memo
Vesting
IFO
Initial Fair-launch Offering & Strategy investor
10%
Including targeted groups and institutional investors
Fully released after sold.
X to Earn
Deposit/Borrow to earn
20%
To motivate user's Deposit/Borrow Activities in DEFED
Release begins after TGE and it will be completed in 156 weeks.
X to Earn
Pay to earn
15%
To motivate user's payment in DEFED
Release begins after TGE and it will be completed in 261 weeks.
Team
Developer Team
16%
To motivate original team & DAO Contributors
3% will be locked for 52 weeks after TGE;
3% will be locked for 105 weeks after TGE;
5% will be released linearly between weeks 53 and 105;
5% will be released linearly between weeks 53 and 157.
Dao Treasury
Preparing for Future Usage Reserved for project operation
39%
Risk Reserve
Airdrop Bug bounty Connect to Earn X to Earn sets aside rewards for future expansion. Pay for activity stimulates interaction with partners and brings mutual attraction.
DAO approval required for use.
DEFE is a governance token and a utility token; In order for a DEFE holder to receive both governance and utility benefits, DEFE must be locked for a period of time and converted to veDEFEs.
The veDEFE is non-tradable and only can be unlocked while the period expires.
The user's voting power , which means the number of veDEFEs, will be decreasing linearly since the moment of lock. In order to avoid periodic check-ins, each time the holder locks, unlocks, or changes the locktime (longer), the smart contract records and updates the slope and bias of the user's linear function in the user_point_history. At the same time, the DEFED Protocol updates the slope and bias of the veDEFE's total voting power and records the change of the slope and bias in point_history. Besides, when user’s lock is scheduled to end, we schedule change of slopes of W(t) in the future in slope_changes. All the possible expiration times of veDEFEs are rounded to whole weeks to make number of reads from blockchain proportional to number of missed weeks at most, not number of users (which can be potentially large) .Through this, DEFED Protocol can calculate without having to cycle through all holdings.
Slopes and biases will only change when the user deposits, locks DEFE, and the veDEFEs locktime expires. All the possible expiration times are rounded to whole weeks to make number of reads from blockchain proportional to number of missed weeks at most, not number of users (which can be potentially large)See formula below for veDEFEs exchange results.
Parameter
Description.
w
weight
a
amount of DEFE
t_l, t_l \leq t_{max}
locktime
t_{max}
max locktime, 4 years
t, t \leq t_l
remaining locktime
DAO members who holding veDEFEs are entitled to participate in all governance proposals in the DEFEDAO. Through the smart contract, each veDEFE will be entitled to a voting ticket, which make the veDEFE holder to express his/her opinion on the future development of DEFED.
For example, veDEFE holders will be able to vote and make decisions on adjustments to the Gaugeweight values of Lending/Borrowing Mining Rewards each reward cycle, what assets can be selected for the DEFED Protocol's list of deposit and borrowing assets, how to use the funds in the DAO Treasury etc.
With the DEFED Protocol growing, we believe that community will seek more rational governance scenario that is beneficial to the development of ecosystem and increases the risk resistance of the Protocol.
DEFE stakers (veDEFE holders) share 70% of the protocol income.
DEFE is released in an unprecedented form. This is why we call DEFED it True IFO. 100% of the funds raised by the IFO will belong to DEFEDAO community and will be used to support development of the DEFED Protocol ecosystem. The DEFE release has the following features:
NO presale;
Limited Open to qualified investors
40% of the raised ETH will be used for DEFED's ETH Lending Pool; 10% will be used to provide liquidity at Uniswap; 35% will be used for development and operations and 15% will be used for risk margin.
1,000,000,000 (10%) of the DEFE token will be used for the IFO (Initial Fair Offering):
1 ETH = 400,000 DEFE;
IFO will last for 3 months. It will start from Sep 29, 2022 00:00 and end at Dec 29, 2022 00:00 UTC.
After the end of IFO, all unsold DEFE will be deposited in DAO Treasury;
Any address has unlimited times participation in the IFO during the term, and participation in IFO requires a minimum of 1 ETH in the address;
For the rapid growth of DEFED in the early period and feedback to early adopters, DEFED will use the X to Earn economic model to incentivize user behavior in the early and middle stages of the project.
Rules:
Rewards will be allocated to the Rewards Pool of each product according to the Gaugeweight of each product;
The Rewards Pool for each product will be divided into Deposit & Borrow. Initially, the ratio of Deposit to Borrow will be 19 : 1, which will be dynamically adjusted by DAO according to the development of the agreement;
The rewards for users are based on the equity Token of each product, with a time-weighted index; each user can participate in the pool based on their own index;
Total number of Eopch: 156;
Total Reward Pool per Epoch: 12,820,512.82 DEFE;
*The deposit / borrow rewards in Epoch1 will be as follows:
Product
Product Gaugeweight in Epoch1
Total Rewards in Epoch1
Deposit Gaugeweigt
Borrow Gaugeweight
Deposit Rewards in Epoch1
Borrow Rewards in Epoch1
ETH
5
6,410,256.41
95%
5%
6,089,743.58
320,512.82
USDC
4
5,128,205.128
95%
5%
4,871,794.87
256,410.25
WBTC
1
1,282,051.282
95%
5%
1,217,948.71
64,102.56
*Starting from Epoch 2, the Gaugeweight of each product will be adjusted according to the asset size in the previous Epoch.
Rules:
DEFE will award valid payments within the reward payment range in Pay to Earn Eopch (UTC 0:00-24:00);
Total number of Eopch: 1827;
Total Reward Pool per Epoch: 821,018.06 DEFE;
Different payments will have different Gaugeweight, and the total reward pool will be shared according to Gaugeweight;
Payments that happen after reaching the upper limit of daily reward will not receive DEFE rewards;
Rewards will be accumulated and will be offered at the end of the cycle;
Any remaining rewards in Epoch will be transferred to the pool for the next payment cycle;
Gaugeweight and reward pool for each payment behavior: (Can be adjusted by community vote)
Sender
Receiver
Rewards
Gaugeweight
Rewards Per Day
DEFED Account Balance
Address
Fees * 50%
1
82,101.80
DEFED Account Balance
DEFED Account Balance
Fees * 50%
4
328,407.22
Address
DEFED Account Balance
Gas * 95%
5
410,509.03
In the initial stages of DeFi, contributions and maintenance of developers are essential. And it is equally important to motivate the development team as the main contributors and outstanding contributors. DEFED Protocol also proposed using incentive schemes for the development team to promote a healthy early ecosystem:
3% DEFE tokens will be locked for 52 weeks after TGE.
3% DEFE tokens will be locked for 105 weeks after TGE.
5% DEFE tokens will be linearly released after 52 weeks of TGE and linearly between weeks 53 and 105.
5% DEFE tokens will be linearly released after 52 weeks of TGE and linearly between weeks 53 and 157.
DEFED focuses more on the medium to longterm development, and therefore it will reserve for multiple scenarios coming up in the future to meet the needs of different periods.39% of DEFE rights belong to DAO Treasury and will be used in the following scenarios:
Risk Reserve → As a member of DeFi, a critical issue is how to increase the ability to mitigate systemic financial risk. Compared with traditional financial services, one of the unique features of DeFi is that the governance & decision-making authority of the entire service is shared with all stakeholders. Therefore, DEFED Protocol will establish a Risk Control Module , in the form of DAO, to build a risk reserve which will reduce the loss of users and the protocol in case of systemic financial risk ; and to unite the strength of DEFEDAO supports in strategy and maintenance upgrades to mitigate systemic financial risk and reduce the negative impact of the Black Swan scenario. These include: optimizing the prophecy machine, clearing mechanism, and launching the security module of the product to resist black swan scenarios;
Governance to Earn → DAO will reward DAO Members for their outstanding contributions to community governance to encourage self-evolution and self-improvement of DEFEDAO, including, but not limited to, the submission of quality proposals.
Airdrop Events → DEFED has designed a series of Airdrop Events for the entire cycle of product growth. The events will be announced as the project progresses. ;
Bug Bounty → DEFED will launch a Bug Bounty campaign to improve the protocol through using the power of DAO supporters; at the same time, if the protocol can running smoothly for a long time, part of the Bug Bounty will be awarded to all Developers for their outstanding contribution to the overall security of the protocol;
x to earn, DEFED will launch different business scenarios, and will set aside some DEFE to incentivize a cold-start of these scenarios;
Pay for Active, DEFED will set aside a portion of DEFE for common growth.
Liquidity Mining Rewards, DEFED will launch Liquidity Mining Rewards at the appropriate moments of its growth to enhance DEFE liquidity;
More
The advantages of decentralization are the decentralization of governance and its self-evolution mechanism. DEFED hopes to unleash the full potential of DAO and to enable DEFED to achieve self-growth through the gradual improvement of the community governance mechanism, while having the ability to self-evolve, in the mechanism, procedures, risk control model and other levels, continuous improvement.
With the development of DEFED, there will be full decentralization and DEFED hopes to achieve a balance of participation, motivation, self-monitoring and policy issuance under the governance of the community.
Early DEFED Governance will be a process including propose, vote, evaluate, and implement. As the community expands, DEFED expects the community to be fully empowered and to establish a governance framework for DEFED's future, long-term growth and effective governance.
The governance interest is limited to the holders of veDEFE. The following types of proposals require a vote of the veDEFE holders before they have been implemented.
Proposals that directly affect the income of the agreement;
Proposals that involve adjustments to Reward parameters;
Description
Address
Deployer
0x6E4069093A1C18C3F39B85A30E19876732f82A1D
Initial Fair-Launch Offering
0xb1950d3989b3c1d256d6351d46cbccd15fe5a9fd
DAO Treasury
0xcbb21A50eF83D369465cD2B914482de1f44d2eae
Community Incentive
0x3ae04be6eb48680964885430fd865e924a0e73b2
veDEFE Locker
0x46ce6Cff1f4a70C1f5D682b5FD1a63f2bdCD0138
ETH-DEFE-Pool
0x9FD5e3a37E2c7F858AEA7A5A624251122d8ba97a
Liquidity Pool on Uniswap V3
0xd849476e251fdFDe7819aCDd1F260e708c60ffAf
