DeFiWars
DeFi (Decentralized Finance) will continue to experience unprecedented evolution on all sides. Just like blockchain technology, DeFi will know no end. Out of its evolution is a unique aspect that DeFiWars is bringing to life: gamification of financial decisions.
What is DeFiWars?
DeFiWars is a gamified NFT platform that revolutionizes the way we all interact with decentralized finance. At the core, it is the combination of several smart contracts which behave in response to the decisions of each user and the collective decision of groups of users. At the surface, it is a warfare platform where opposing sides take stands against each other in a timely manner.
The deciding factor for each battle is dependent on the decisions made by the members of each group. See it as a DeFi platform with deflationary Tokenomics, where you can earn fixed and dynamic APY (Annualized Percentage Yield), and also a game of collectible NFT (Non-Fungible Token) cards.
Token Utility/Ecosystem Symbiosis
The DeFiWars ecosystem operates on several ERC20/BEP20 tokens and NFTs, each with a specific use case and differentiated accruing values in terms of APY.
$DWARF
This is the ecosystem’s native token, the fuel that drives the platform. It is the centerpiece for users’ participation on DeFiWars. $DWARF is the governance token that gives each user a say on how the platform will berun, once the appropriate module is launched. It is paired with other tokens like $DARTH, $JEDI, $wBTCT, $ETH, $BNB, etc. to form LPs (Liquidity Pools) to give users passive income for different activities available within the ecosystem.
$DWARF is deflationary, thanks to its Smart Burning algorithm, it is burned periodically at the end of every Scheduled Warfare. Thus, $DWARF is constantly reducing its circulating supply, so the more the platform is used, it creates a natural intrinsic value.
PEACE/WAR NFTs
“WAR” NFTs give participants access to the ecosystem. They are special passports to identify every ‘active’ user in the platform. They help to identify, without any doubt, the owner of a whitelisted account. A user with a “WAR” NFT can stake in any of the pools on the platform, participate in the Scheduled Warfares, claim rewards, buy NFTs, swap tokens, etc.
“WAR” NFTs can be traded-in for “PEACE” NFTs, once a user’s choice is exiting the ecosystem. Any user with “PEACE” NFT has traded-off his rights to engage with ecosystem’s activities and benefits. These NFTs can be traded for tokens on other markets.
$DARTH/$JEDI
These are polarized tokens and NFT aspects of the platform. Any new user joining the platform has to initially choose a side: either $JEDI or $DARTH. As earlier stated, users who wish to participate in Scheduled Warfares have to buy a portion of $DWARF tokens which grants them access to the platform.
The user can then claim a “WAR” NFT, then swap a portion of his $DWARF tokens for either $DARTH or $JEDI. Having a certain amount of either $DARTH or $JEDI will make their corresponding NFTs (that is, either a $DARTH or a $JEDI NFT) available to the user.
User’s first choice will determine the appropriate side of its claimable NFT. The user then goes ahead to preselect a Scheduled Warfare to which they wish to supply their LP tokens for liquidity and staking.
To participate in the DeFiWars ecosystem, users need to supply either $DARTH/$DWARF or $JEDI/$DWARF liquidity to the respective pool and begin accruing value. The DARTH/JEDI NFTs a user receives have a lot of use cases:
- They are used as a private key that enables its owner to stake tokens in the corresponding LP and for a determined amount of time.
- They allow the modification of the given LP’s smart contract ecosystem in a trustless manner and without any mistakes (that is, by correctly feeding its modifiable parameters based on the staking period and the NFT that has been claimed by the user), so the user receives the expected profit and gets to also keep the NFT once unstaked from the LP.
- They represent an intrinsic value that can be redeemed by selling the NFT on any market.
- Some of them are parts of bigger ‘collective’ NFTs called “BOMBs”.
- According to the preselected Scheduled Warfare, APYs are allocated.
Financial warfare occurs accordingly to an organized schedule on the ecosystem, from which a user selects within a set of available options. The warfare is one about polarized liquidity ($DARTH vs. $JEDI). The winning side is determined by algorithms on the platform which select it based on different criteria such as the timing (the amount of time on which a certain LP’s user-base can assemble a “BOMB” NFT); the aggregated APY power of a certain LP’s user-base NFTs; and the aggregated LP-Staked NFTs’ attributes. If warfare is won without the use of a “BOMB” NFT, or if the staking period has come to an end without any side winning the war, then these algorithms will be subsequently decisive.
The winning side (either $JEDI or $DARTH)gets some of its total supply burned forever. This invariably increases the winning side’s value against $DWARF, and each participant in the Scheduled Warfare increases his/her individual APY accordingly to the period selected for staking.
According to Daniel Anand, the founder of DeFiWars:
“Winning LP increases value via COMPOUNDED supply burns in the appropriate timings (Scheduled Warfares). APY increases individually for each user, depending on its own set of NFTs and selected Scheduled Warfares on each LP, as well as collectively (for every user on that specific LP), aggregating every Staked NFTs’ APYs. The losing side does not lose anything at all, it just doesn’t increase in value relative to $DWARF; eventually, that will derive on losing ‘warriors’ (demand).”
BOMB NFTs
“BOMB” NFTs are collectively-integrated NFTs, similar to what puzzle pieces are to the puzzle. They will be rewarded randomly in each of the $JEDI and $DARTH LPs. When either one of the LPs has completed the “BOMB” NFT (that means, all its current users/warriors have been able to claim/buy the whole set of pieces that completes the BOMB puzzle, before the Scheduled Warfare comes to an end) it will automatically win the war against the other side.
Tokenomics
Conclusion
DeFiWars is a gamified DeFi ecosystem that gives access to incredible perks like NFTs, high APYs based on actions taken on the platform, and seamless swapping between different tokens. The platform is launching soon on Binance Smart Chain. The Seed Capital phase has been sold out and closed since March 21, 2021.
The Private Sale phase is here! Keep posted for official announcement in DeFiWars News Channel (https://t.me/defiwarsfinancenews).
