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The growing appetite for decentralization that we have witnessed in recent months is not likely to be extinguished any time soon, especially with the latest centralized entities’ actions that we have witnessed in recent days (Robinhood scandal).

In the context of this boom towards decentralization, decentralized exchanges, with Uniswap in the lead for the time being, are of course a key part of this ecosystem. These decentralized exchanges make it possible to keep control of assets at all times and avoid the problems described by the words “Not your keys, not your coins”.

However, due to their relative novelty, these platforms and tools still offer countless potential improvements (as well as a huge potential for further adoption). Indeed, at present, a multitude of trading and monitoring tools are in use but require the simultaneous use of different platforms, while some standard features of centralized platforms are not yet sufficiently developed.

It is with a view to contributing to this wave of decentralization and in order to facilitate its adoption that we are developing our future DEFEX product.

Decentralized trading from a single interface

The main idea of our platform is to bring a single interface with a full range of trading and analysis tools to all traders using decentralized exchanges. Moreover, in order to increase the attractiveness of this platform, we also wanted to bring innovative features that would allow us to remunerate the best traders and partially cover the losses of the less good ones.

The main trading tools will include market, limit and stop-loss orders. In addition, trailing-stop loss orders will also be available. All these order types can be executed against ETH and USDT pairs.

In addition to these tools, which will allow users to trade in a more serene manner on decentralized exchanges, profit redistribution functionalities will also be implemented. Indeed, 5% of the profits will be redistributed to the stakers and farmers of our EWF pools as well as 10% of the profits made on each trade will be deducted and returned to the coverage fund. The latter will be redistributed once a week in the following way:

20% of the fund will be redistributed to the best traders as follows:

  • To the best 5 if the users are less than 100 users
  • To the top 10 if the users are less than 200 users
  • To the top 15 if the users are less than 300 users
  • To the top 20 if the users are less than 400 users
  • Etc.

80% of the fund will be redistributed to traders who made losses during the week (pro rata to their losses).

In addition to the tools listed above, DEFEX will implement a news aggregator so that the latest news, launches, updates and developments of all projects can be accessible in one place. This news aggregator will be separated into 2 sections. The first one will allow project admins (or DefHold admins) to link their telegram announcement channel and twitter account to their token so that the latest publications are automatically uploaded to DEFEX. The second section will allow any user to post news about a project which can then be confirmed or disavowed by community votes.

All the features listed above will be freely available to all users.

In addition to these tools, other premium features will require users to hold a minimum amount of DEFO in their wallet (the exact amount will be confirmed prior to the launch of DEFEX). One of these will include the ability to analyze the results and operations of all other traders based on their weekly rankings. It will also allow users to allocate all or part of their portfolio to a pot that will automatically copy all of the user’s selected trades with no additional interaction required.

Estimated time of arrival

Regarding the DEFEX launch schedule, this product will first go through a 10-day testing phase on the ETH testnet (expected to take place mid-February) during which holders of 10+ DEFOs will be able to use the product and report any bugs, enhancements or propose additional features they would like to see implemented.

Once this testing phase is completed, the recommendations of the community will be implemented, and a full audit will be carried out.

As a result, we expect to be able to deploy this product on mainnet by the end of February. However, the exact official launch date will of course vary according to the number and complexity of the recommendations and requests we receive from the community.

2nd Saturnus staking pool

Following the maturity of our first Saturnus Staking Pool on January 28th, we are pleased to announce that a new Saturnus Pool will be launched on February 5th.

Below you will find the details of this 2nd Saturnus Staking Pool:

  • Pool start date: February 05, 2021 7:00 PM UTC
  • Time open for stake: 7 days
  • Pool maturity date: April 13, 2021, 7:00 PM UTC (early withdrawal allowed after 30 days but no rewards will be paid)
  • Pool cap: 500 DEFO (first come first serve)
  • Rewards allocated to the pool: 40 DEFO (guaranteeing a minimum APY of 59% if the pool is fulfilled)

We would like to kindly thank you once again for your continuous support. Should you have any questions or comments, we remain at your disposal on our various channels detailed below.

Yours sincerely,

The DefHold Team

DefHold is a non-inflationary DeFi ecosystem aiming to provide yield generating investments’ strategies to long-term crypto holders

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