VFarm & NFT Gallary

Afternoon,Vswap Global group members, here is JP, long time no see literally.It has been a time since last AMA in this group.

In the past month, I have two main purposes for reducing chats.

The first is to think deeply and implement the development of vswap more harder in a relatively isolate environment.

The second purpose is to try to observe the complete decentralization reaction of the community.

Looking through this silence from the perspective of community and project expectations, I found that in fact, I think you have also discovered that vswap without JP does not seem to be that interesting.

Many times this is the real case. Everyone repeats decentralization, but when JP goes far away, the kind of inner honesty is manifested in shocked faces.

So so be it, the silent experiment for a period of time is over.

During this period, I mainly participated in and implemented several developments and plans.

1. Vswap Farm on Binance Smart Chain
2.NFT wallet design & economic model simulation
3.Initial Defi Offer platform design

I will try to explain one by one, hopefully make all users follow our design ideas and when you practically using those tools know how to operate.

Everyone knows that vswap has been running a dex safely on bsc for several months.So we considered adding Liquidity Mining to our BSC system first. On the one hand, users can really visit our dex for exchange daily, and on the other hand, providers can get a large number of mining rewards from our design.

Our design is completely different from traditional mining projects.

During the past few months, we have inspected the implementation mechanisms of YFI, SUSHI, PANCAKE and other projects, but I think their implementation is not as good as mine.

First of all, in terms of security, projects like YFI are actually DEFI controlled by the address of the super management authority.

VFARM has carried out multiple considerations in terms of security. For smart contract development, VFARM’s contract does not set any super management address, which means that in addition to the user’s own address, which can stake and unstake, there is no third party or management party’s address that can users LP token.

This is very important for credibility in the current defi economy. The authentication of LP token for active projects is essentially handover the control of the token on the address. We hope and have realized that VFARM is only a contract combination that runs entirely on smart contracts, do not require an intermediary, and has no LP control authority.

This is also very useful for the overall security of the project, because in our research case, quite a lot of losses in the defi economy occurred in hacker attacks and loan attacks. When we ensure that no one can touch the user’s token, these hacking techniques become difficult to implement.

Another progress is that VFARM will include all popular LP mining combinations on BSC with its own contract portfolio. This is difficult to implement in regular projects, and most projects just stake their own tokens.

We have adopted a shared circulation pool mechanism to achieve a commonality with more DEXs and DEFI project pools.

This will have a positive effect on VFAM. This effect is that you can find all the popular LP pools you are interested in on BSC from VFARM, and you can join them quickly.

Of course, with the subsequent construction of the Vswap IDO platform, more and more emerging projects will be added to the VFARM LP mining pool.

Then on VFARM, you can have the right to choose a wide range of tokens, as well as the right to early mining of emerging tokens.

This may already be pretty good. But for me, it was still not good enough, so we added some more designs.

Because we found that the current defi project has a relatively big problem, that is, the assessment of benefits is inaccurate and exaggerated,marked not real number.

Therefore, we did not use a simple formula theoretical calculation for each LP pool, but used a 5-minute data collection and recording method to mark the rate of return.

Members who are experienced in the DEFI project should know that there are many projects that instantly mark high returns, but the actual continuous cycle and the real benefits obtained are difficult to be calculated by personal.

So VFARM is designed to satisfy both DEFI pros and amateurs.

The APR rate of return marked on the system is the empirical benefit of the actual test, not the expected benefit. In other words, VFARM marks the true rate of return.

The true rate of return of all LP pools on the entire BSC network are listed on VFARM. I think this kind of accuracy is an important reference indicator for users.

If you think this is good enough, then I tell you, no, JP thought of more.

When you are in defi life, you often encounter impermanence losses when you staking.

Impermanent loss will lead you even get high profits and interest at the same time, the principal suffered a discount.

VFARM marks its own unique ARpH by calculating the curve of the price change and income of the staked LP token

ARpH means Average Revenue Rate per Hour deducted by the Impermanent Loss.

In a simple word: pure revenue of last 1 hour of this pair.

Through this design, we have modified the mechanism of the vault pool, without manual intervention, and without the transfer of private keys, users can make their own switching at any time through the system’s indicator judgment.

This is about the principles we use on VFARM. Let’s have some break, I will back in 15min, then we will talk about how to operate VFarm.

THis is VFarm main interface, system provide the LP listing of all bsc pools.

You can see several button options:

Live,Finished,Staked Only,

also the list of LP tokens with Name of the pairs, earned token, APR

Live means token pools are activating

Finished means LP mining is not provided but LP token may still staked

Stake Only easy for user to sort the pairs are farming

Name of the Pairs such like Marsh-BNB is the LP need to stake

Users could either add liquidity from Vswap DEX or from any other place where support forge the LP token.

APR is the average revenue rate per year

Staking interface

After you picked your desire pair, expand the square, you will see several parameters and buttons

Buttons: Harvest, Minus,Plus

Click + to add your liquidity token

type in the number exist in your wallet and click Confirm

Click minus to unstake, withdraw your LP token back to wallet.

back to staking interface

Once you wish to collect the token bonus without unstake, you could click Harvest.

Either Harvest or Unstake will lead the bonus collect action once.

From the interface you could monitor the VAL earned number, LP token staked number, estimated value.

For APR percentage, system provide the calculation method by clicking the small square on the right side, below the Plus.

These values are dynamic, but VFARM is close to empirical data rather than just formula data,thanks to our data model algorithm and data collection system.

back to this interface

You could also see the ARpH, which never seen by any other projects, yes, because we build up the standard first around the world.

With ARpH, user dont need to calculate token price, just use ARpH as reference.

This parameter means in the exact last 1 hour the pair has positive revenue or not.

It will lead the graphical data analysis best suit for individuals.

We will try to draw the ARpH of each pair in the next stage, so as to make the system automatically mark the intervention signal more clearly.

If the ARpH is positive, that means the mining is generating real value in last hour.

With APR & ARpH, users could not only select the high value pools, but also join in at the right time.

Liquidity means the LP pool contract value staked on blockchain.

Get AAA-BBB pairs will link to Vswap Dex BSC V2

Also for your information, in order to be compatible with VFarm, Vswap BSC has been upgraded to be able to purchase any token on BSC with the min cost on BSC.

View Contract will link to the bscscan to check the LP token validity.

Users could filter the token pairs by Default (currently is popular,but soon the ARpH data), Name (A-Z),APR,Liquidity.

That is the first part of today, VFARM

Then we go to the second topic: about NFT plan and wallet innovation

Now everyone knows that vswap has deployed a complete BSC ecosystem, DEX-Liquidity provider- Farm

What does this have to do with NFT?This is closely related to V-wallet and NFT.Because our FARM will be able to turn NFT into fertilizer for farming.

Vswap owns and is increasing the number of candidates for crypto artists.Many crypto artists agree with the concept of vswap and are willing to provide crypto art works as souvenirs and gifts for Vswapers.Then V-wallet will become a starting position for NFT release.

Users will be able to get NFT in V-wallet through various forms.

We are trying to share NFT finance, which means that NFT has both BEP1155 attributes and BEP20 attributes.

BEP1155 will load NFT’s collection attributes.BEP20 will be loaded with NFT transactions and leverage and mining currency attributes.

User could win NFT tokens because they are holding VAL, then could stake NFT on Farms.

A large number of NFT works will inject vitality and appreciation potential to VAL. Many NFT works are acquired by holding VAL, and some high-value works are bid for VAL, and all bids for VAL will be used for on-chain destruction.

The tokens of these NFT works can be defi mined in the farm, VAL can be mined, and interesting NFTs can also be mined.

On the subsequent IDO platform, NFT works will be able to bid or collect freely directly on chain.

The currency of valuation for all NFTs will be VAL as agreed by artists.

Vswap will focus on BSC, DEFI, NFT, and connect our strengths and characteristics through DEX FARM WALLET

This will lay a solid foundation for Vswap’s NFT financial attribute amplification and NFT encrypted staking pool, and NFT-based stable coin.

After this step is completed, we will consider using NFT as a special asset for a mutual pool swap agreement, which will become the most liquid NFT exchange solution in the world. Of course need to pay a certain amount of VAL.

Then our Farm not only has globally well-known token pair, but also a NFT combination LP that our community is optimistic about and has a broad consensus.

Such a combination of farm and NFT takes into account the needs of users around the world and maintains the consistent design concept of vswap. Our V-wallet will become a gallery of NFT art. Artists will confirm his rights and define artworks through address authentication. In the future, we will no longer have well-known human names, but will have well-known blockchain addresses.

This is the part that we will continue to develop in the next period of time.