Defender Finance Algo-Stable Yield Farming is a multi-chain protocol and consists of the following tokens:
– Sword ($SWD): Main (peg) token
– Shield ($SHD): Share tokens
Defender Finance is all about Ethereum!
Defender is launched on a multi-chain and all peg tokens on all chains are pegged to 1 $ETH.
Ethereum is the largest Layer 1 blockchain and the Ethereum team has continued to build on their amazing work to expand Ethereum’s use cases and values over the long term.
Defender Finance will be one of the use cases in the Ethereum ecosystem. The aim of this protocol is to enable high-yield agriculture and sustainable growth with low investment costs in the long term.
What are the differences to the normal boardroom?
Fortress is where Peg tokens ($SWD) are minted based on their TWAP value and circulating supply.
Users wager funds ($SHD) in Fortress and earn rewards
The difference is that the normal boardroom distributes individual peg tokens directly to its stakers, while Fortress distributes CL tokens (peg LP – ROI contract) to its stakers via a smart contract.
What are the advantages of the Fortress model?
Normal tomb fork projects don’t last long. They can do their great work in the bull market or for a few weeks/months after launch. Then they lose their footing and rarely recover. Without innovation, the same will surely happen to us.
With any Tomb Fork model, maintaining the value of the pins is a top priority. Defender Finance offers a solution by setting up an innovative boardroom with:
– Dynamic Boardroom TWAP – expansion/contraction phase
– Dynamic expansion rate
– CITADEL (ROI contract) token rewards
In the defi space, especially on tomb fork projects, most experienced investors can make money, while most novice investors and other investors who don’t have time to attend to their investments often lose money.
The Fortress model ensures that rewards are distributed among investors based on their investment percentage. Nobody will be the first dumper and nobody will be the last dumper.
How does the Fortress model work?
Fortress prints new peg tokens when TWAP>=TWAP0
100% of newly minted Peg tokens go to DAO/POL
DAO/POL will sell a reasonable number of Peg tokens on the open market (maximum 50% of the total balance in DAO/POL).
Individual Hard Assets are paired with Peg tokens at the Treasury to create Hard Asset LP
A portion of the hard asset LP going to DAO/POL is used as ptotocol’s own liquidity (10% POL) and bought back when the peg token is below the peg (10% DAO). The buyback occurs after an epoch at TWAP
The remaining portion of the Hard Assets LP will be used to purchase the Citadel CL token and then distributed to the FORTRESS staker/dev fund
How should we use Fortress rewards to help investors and the protocol in the long run?
Fortress CL rewards are an opportunity to take profits without putting a lot of selling pressure on the log bind
Normal users can manually request Normal LP from CITADEL.
We suggest a 30-70 strategy: 30% take profits and 70% reinvest
- If you are familiar with ROI contracts and only want to invest in ROI contracts: The 30-70 strategy means you take rewards from the ROI contract every 3 days and compound every 7 days. The more frequently you increase your premiums, the faster you will achieve a 365% ROI on the initial investment.
- If you are unfamiliar with ROI contracts and/or want to invest in DEPOT to earn more $SHD rewards: On each claimed reward (in normal LP) you can take up to 30% profit and put 70% on DEPOT Earn more $SHD rewards. Then you can take profits from $SHD rewards or use $SHD rewards in Fortress to earn more CL rewards.
Dynamic expansion and contraction phase
The Treasury phase is defined as follows, where TWAP0 is the TWAP configuration.
TWAP0 is dynamic and adjustable from 0.8 to 1.1
Contraction phase: Treasury will not mint SWD dollars
Dynamic epoch expansion rate
Expansion Phase: The epoch expansion cap is based on the current circulating supply in USD SWD, the TWAP value and the circulating supply ratio:
Epoch Expansion = Circulating Supply * Epoch Expansion Rate * Circulating Supply Ratio
- Epoch expansion rate = (TWAP value)/100
- Ratio of circulating supply:
Do your own research (DYOR) before investing in projects. Investing in defi protocols is risky and can result in financial loss.
By using Champion/Defender Finance, you agree that the Champion/Defender Finance team is not responsible for any financial loss from investing in Champion/Defender Finance and we do not promise any valuable returns now or in the future.
Champion/Defender Finance does not operate or control the contracts on this protocol’s blockchain. These are open and permissionless and we cannot prevent anyone from using the protocol directly from the blockchain. By using these agreements, you confirm that you understand this and will comply with the laws of your local jurisdiction.
Join the Defender Finance Community to discuss more:
Website: https://defenderfinance.io/
Medium: https://medium.com/@defenderfinance.io
Twitter: https://twitter.com/defender_fi
Discord: https://discord.gg/uhGEywdwRG
Announcement by Telegraph: https://t.me/defender_announcement
Telegram Community: https://t.me/defender_community
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