Definix Q3 Summary
Table of Contents
The Solution For Asset Management
Unrivaled, SIX Network and the team have gone through a large movement and changes that constantly keeping us wide and awake. Definix has just released one of our main features which is the Rebalancing Farm on klaytn.definix.com.
The time intimidating achievement to release Rebalancing Farm is nonetheless our proudest feature for us to step closer to a multi-chain asset management protocol.
What is done in Q3
Rebalancing Farm Official Opening on Klaytn
The work we put into releasing Rebalancing Farm was totally worth the time spent. Though there are some major changes during the process due to security, function test, and infrastructure.
The final released version has achieved our ultimate goal of prospering the intention to provide the service for investors who have no time and proficiency to explore trading. The use of Definix’s Rebalancing Farm helps in managing risk for multiple assets and helps capture every opportunity occurring in the market time frame.
Shortly after the Rebalancing Farm was in service, we had a major adjustment to the APR of FINIX allocation. We believe that the major adjustment will cause the ecosystem of Definix to be more sustainable for all investors and also support the price structure of FINIX and lead to the stronger tokenomic that support more products that are coming in near future.
Binance Smart Chain Network
New Market And Partner Expansion
In the beginning of quarter three, in July, SIX Network is honored to sign MOU partnership with IOTrust to expand the DeFi ecosystem linking decentralized wallet D’CENT wallet for Klaytn-based Definix. And in the same following month KLIP wallet connection was implemented on the platform as well.
Coming up next is the new coin aggregator with Arken Finance for Definix’s site allowing users to instantly track real-time price and chart in one click.
And our latest big project collaboration is with Velo Labs Technology in creating Definix’s position as a trusted comprehensive crypto asset management platform and in the same time open a leading path for Velo to walk in DeFi space.
SIX Network also have had a few AMA LIVE sessions with crypto-influencing Facebook pages i.e. Stocker Day and Definix Community Thailand on our favorite hot topic of the Rebalance Strategy to our platform’s Rebalancing Farm.
The feedback we received from the community sentinel strives us to improve the system to another progressive level. Leading to another live on SIX Network’s official Youtube channel by Mr.Changhyun Cho, CEO Future Stream Network Asia (FSNA) talked about the new voting system and long-term stake pool with the use of vFINIX.
SIX Network was invited to an AMA chat in a Chinese crypto community, Long Kui group. We are slowly emerging to a new market which is one of the challenging markets to penetrate, but with vast DeFi adoption will allow Definix to shine at this stage.
Q4 Achievement Goal: Definix Long-term Stake, vFINIX (Voting), and Rebalancing Farm on BSC
The immersive Rebalance feature is one of the main quests to accomplish, but the FINIX token use case is no lesser in value and cannot be overlooked. The topic has been roaming around the community, more and more people are excited about it.
Long-term Stake and vFINIX
Definix brought up the concept of Long-term staking along with the new voting system as a privilege for FINIX holders. Initially for Long-term pool investors are promoted to stake FINIX for 90, 180, or 365 days, each returning reward is based on each lot enabling users to pick investment return from the beginning prior staking.
When staked in the special pool users are issued with vFINIX token and the utility can be classified down below:
Decentralized Voting System Users earn the right to vote for ecosystem fee distribution when they stake vFINIX in the voting pool.
Liquidity Providing Fee Voting The holder can vote for the pool that they prefer to get a liquidity provider fee.
Ecosystem Voting Decentralized voting in platforms including FINIX emission rate, allocation adjustment, pair selection, asset selection for rebalancing farms, and etc for the future.
Rebalancing Farm Privilege vFINIX used for Rebalancing Farm discount.
Reward From Pot Extra reward pool that acts as an incentive reward for participants.
Exclusive Partnership Service DeFi developers such as Loremborad (portfolio management), Klaytn, and other partners we’ll have the project together in the future.
Rebalancing Farm on Definix BSC Expected Period
Rebalancing Farm on Binance Smart Chain is basically the most wanted feature since the launch on Klaytn mainnet was a hit. The performance and results are outrunning the market scene, especially in a sideway market.
Question we get asked a lot is the availability period of the Rebalancing Farm feature for Definix on Binance Smart Chain?
Rebalancing Farm on Definix BSC-based should be opening for users within the period of quarter four this year. As the main reason concerning security and infrastructure, every system deployment we made must undergo an audit of the smart contracts as the primary step; and currently, our new project to be released is in the progress for the audit team.
To summarize the above, SIX Network is always keen to remember the importance of being a safe, user-friendly platform. Everyone is invited to enjoy crypto asset management experience on Definix platform both Klaytn mainnet and Binance Smart Chain.
Rebalancing Farm is tailored and managed by Definix unique mechanism which leverages users portfolio. And in this long road FINIX holders will suits the right to stake the token for your own beneficial privilege of vFINIX.
The improvements and issues resolved are proportional to where we heard you out in order to retain the highest security performance; the experience we have is priceless, and we appreciate you for that.
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On 6-9 October 2022, SIX Network attended Thailand’s Crypto Expo at the Queen Sirikit National Convention Centre, which was our