In the crypto space, DeFi replaces banks, insurance services, bonds, and other financial instruments of the traditional economy. At the beginning of November 2020, TVL in DeFi is 11 billion dollars.
Yield farming is the practice of staking or locking up cryptocurrencies in return for rewards. The general idea is that individuals can earn tokens in exchange for their participation in DeFi applications. It can also be called liquidity mining.
So, basically, anyone can get a % of fees from transactions by ensuring liquidity between currencies.
This percentage depends on many factors, and because of its volatility many people afraid to invest in DeFi.
The good news is, Meta-level vampirism concept implemented in Dracula Protocol delivers higher profits while mitigating those risks. It does so by aggregating all the yield farms and liquidity mining under a single smart-contract and unified web interface.
Our credo is to bring stability to DeFi ecosystem. We take on all the dirty work of stabilizing the system and finding the most profitable liquidity pools. Dracula Protocol is the future of DeFi. We are crusaders of DeFi, and we trust in the decentralized future of the financial world.
tg: @dracula_protocol