Fair Launch

Governance

DEFE holders can participate in the community governance process by adjusting the reward parameters, reward factors, and even the percentage of fees for Earning Events;After DEFE is officially launched, DEFE holders can stake their DEFEs to obtain veDEFE, which will be a concrete manifestation of voting proxy rights.

What the funds raised will be used for?

The ETH raised will be used for Defed's ETH lending pool, to provide liquidity, development and operations, and risk margin.

The rules are as follows:

• 1,000,000,000 (10%) of the DEFE token will be used for the IFO (Initial Fair Offering):

• 1 ETH = 400,000 DEFE;

• 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;

• DEFE sold during the IFO phase, for single address, the part below 500 ETH will be released directly after the sale, the part above 500 ETH will be locked for 52 weeks and released after the expiration. During the lock-up period, users enjoy all the benefits of veDEFE.