Announcement on Defily V2

Dear Defily users, it’s been a long time since our last post. We’re going through the tragic crypto winter. Bear market kills a lot of projects, but not us. We are working under a very bad situation, but we do not quit and we believe in the future of decentralized finance.

This is the announcement of our new plan — Defily V2. As Onus Chain rises up in Vietnam as a strong Layer1, we want to revive our best protocols on Onus Chain and bring our new researches into real products.

Defily V2 Roadmap

Defily Team will release our famous products on Onus Chain.

2022

- Defily Swap: Q4/2022. Swap exchange is similar to Uniswap and Pancakeswap, the transaction fee from the exchange will be deducted 50% to return to the Defily Staking pool as rewards for DFL v2 holders.

- Defily Lending: Q4/2022. Decentralized lending protocol similar to AAVE, the revenue from the Lending platform will also be deducted 50% to return to the Defily Staking pool.

- Defily Farm: Q4/2022. Liquidity incentive program for Defily Swap exchange.

- Defily AutoFarm: Q4/2022. The automatic farming system supports Defily Farm and other Farms on Onus Chain. Revenue from AutoFarm is deducted 50% and returned to Defily Staking pool

- Defily Staking: Q4/2022. The staking protocol allows DFL v2 holders to receive rewards from the revenue of Defily products through the Staking pool

2023

Q1/2023: Defily Smart Swap — DEX Aggregator aggregates liquidity Defily Swap and other swaps on Onus Chain to help optimize liquidity for swap transactions, 50% of revenue will be shared on Defily Staking Pool

Q2/2023: Defily Perpetual — decentralized future exchange allows traders to long and short tokens on-chain, 50% of revenue is shared on Defily Staking Pool

Q3/2023: Dragon Wars v2 — Game Dragon Wars v2 with improved mechanics was converted and released on Onus Chain.

New Token — DFL v2

Tokenomics

• Total Supply: 1 million DFL only on Onus Chain
• 25% Airdrop for DFL V1 holders: 250,000 DFL, a DFLv1 staking pool (bridged from old chains to Onus Chain) will be opened so that holders of DFL v1 can stake and receive DFL v2. 250,000 DFL v2 will be airdropped to the pool within 1 year (365 days).
• 25% Public Sale on Onus Chain: 250,000 DFL will be sold through Launchpad, expected price 1 DFL = $1, proceeds will be used to create liquidity for DFL v2 on Defily Swap and support v2 system development and convert protocols from other chains to Onus Chain. Public Sale will last for 250 days, each day selling 1,000 DFL to the market, unsold tokens get burned everyday.
• 25% (250,000) will be distributed to the community to encourage liquidity on Defily Swap.
• 25% (250,000) will be distributed to the community to encourage liquidity on Defily Lending and Defily AutoFarm.

More details will unveil very soon. Follow our Twitter and Telegram for the lastest update!