Decentralized Finance (DeFi) products, including Yield Farming and Staking, have become more and more saturated. DragonBall Finance is set out to solve this current problem plaguing the BSC DeFi space by providing innovative DeFi products and issuing tokens with an actual use case.
What is DragonBall Finance?
According to the protocol whitepaper, DragonBall Finance is the first fully decentralized all-in-one BSC DeFi platform that brings a unique theme in the current boring food-themed BSC DeFi ecosystem.
The platform will implement several platform and product features in attempts to ensure the platform’s sustainability in the long term. The team aims to build a strong and quality community alongside their protocol that generates sustainable profit for its users. The platform will implement Layered Farming, initiate farming and pools, buyback and burn mechanisms, and remove the migrator function from the codes.
The platform will distinguish itself from other BSC-based platforms offering farming and pool services without completely diluting its native tokens. The team will implement the following features in the protocol;
Layered Farming: As an addition to the Yield Farming and Stake pool comprising mainly DBALL LP pools.
The platform also has a high-risk and volatile Layered Farm system. It comes with a deposit fee of 7% and a high APR for risk-inclined investors. Users are strongly advised to do their research before switching over to the Layer 1 Farming pools.
Simply connect your wallet to the platform and approve the contract to join the pool.
3 WAYS TO EARN SENZUX ( X representing the Layer number, e.g., Layer 1)
Stake DBALL or SENZU(X-1) to get SENZU (The DBALL deposit fee will be burned)
Stake SENZUX-BUSD / SENZUX-BNB / Tokens to get SENZUX
Staking SENZUX to get MORE SENZUX
The platform integrated GooseDefi’s Dex and AMM protocol to create seamless swaps and liquidity provision. Users can connect the exchange to provide liquidity to take part in the pool.
Users can find more details about Layered Farming HERE.
DragonBall also plans to launch its NFT marketplace for NFT issuance, and an open marketplace to trade and participate in the growing NFT economy.
Gaming, Launchpad, and Lottery Systems
An extended means of earning for platform users will be integrated in the future.
The gaming and lottery system is planned and is yet to be activated, and the launchpad platform will help upcoming projects raise funds in the future.
Much of the project features are currently pending, including the Chart Tool that helps users make good trading decisions and understand the technical analysis of their favorite tokens.
Smart Contract Risk
Techrate has successfully audited the platform token codes, one of the blockchains leading audit firms, check the report;
While audits provide added security, it is important to note that they do not insure use safety. Audit firms scan for the most apparent and common smart contract risks and do not always find all vulnerabilities in the code.
The platform issued two tokens with different properties.
DBALL the native ecosystem tokens
SENZU reward tokens for Layer Farmers
Name: Dragon Ball Token $DBALL
Initial Supply: 410,000 $DBALL
Total Supply: 1,370,245 $DBALL
Token Address: 0xceB2f5e9C7F2D3BCd12A7560D73c56f3396af3F9
Farmers – 95% of the rewards per block
Daily emission – 144,000 $DBALL (based on 28,800 blocks per day)
Devs & Incentives – 5% of the rewards per block
10% Saltswap fee, 30% to liquidity(LP burned), 60% to project funds (dev expenses, hiring coders team members, marketing, partnership, audits, etc.)
Fees – 3% deposit fee and 2% withdraw fee to purchase DBALL on the market and burn them periodically.
More details of DBALL tokenomics and distribution are detailed HERE.
Source : bsc.news
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