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Introducing Defla.Finance (xDEFL) and DeflaSwap

 Abstract

This xDefl paper describe the idea behind xDEFL Core Contract, It explain the contracts feature's include:
  • Defla.Finance
  • DeflaSwap
  • xDEFL Token
  • Token Supply
  • Governance
  • Airdrop
  • Token Distribution

Defla.Finance

The Defla.Finance has been forked from sushiswap and sakeswap, (Sushiswap + Sakeswap = DeflaSwap) and implement some improvement in the codebase.

DeflaSwap

The DeflaSwap is just a fork of Uniswap with no any improvements.

xDEFL Token

The xDEFL Token currently has two function's, xDEFL Hodler's gain access to governance right & portion of the fees paid to the protocol. xDEFL Hodler's will own the protocol.
The token will let Liquidity Provider's (LP) to earn the benefit of protocol development.

Token Supply

Unlike some Defi Token that has infinite supply, xDEFL have a total supply of 100,000 xDEFL, this amount will avoid dilution & maintain the token price.

Governance 

In xDefl Governance anyone that's hodling 500 xDEFL delegated to his address can suggest a governance action.
The proof of vote will be on Snapshot.Page 

Airdrop

Airdrop To Uniswap Liquidity Provider's

We're going to snapshot the addresses of xDEFL-ETH or DEFL-xDEFL liquidity provider's on 20-12-2020.
After taking a snapshot we're going to distribute a total of 2,000 xDEFL to xDEFL-ETH or DEFL-xDEFL liquidity provider's  on 27-12-2020.

Airdrop To Top 50 Deflacoin Holder's

On February-2021 we will airdrop 3,000 xDEFL to top 50 deflacoin wallet, the snapshot already been taken.

Airdrop To Deflaswap User's

We're going to snapshot the addresses that interact with deflaswap contract on May-2021, and airdrop 5,000 xDEFL to the wallet addresses.

Token Distribution

  • Liquidity Farming: 72,000 xDEFL
  • Initial Uniswap Liquidity: 18,000 xDEFL
  • Airdrop To Deflaswap User's: 5,000 xDEFL
  • Airdrop To Deflacoin Holder's: 3,000 xDEFL
  • Liquidity Provider's: 2,000 xDEFL
Phase 1. Yield Farming For Liquidity Provider's

2 xDEFL per block

1x in the first 3 days {4,000 Blocks}
4× in the next 7 days {8,500 Blocks}
4× in the last 7 days {8,500 Blocks}

The farming supply will be: 1x3,500 + 4×8,000 + 4×8,000 = 72,000

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 ADDRESSES:

  • DEFL Address: 0x4ec2efb9cbd374786a03261e46ffce1a67756f3b
  • xDEFL Address: 0xaF2634c69404Bb152BdBb41eF4a80f3639bbB24C

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