Devil Finance on Fantom FTM Breakdown & Analysis with Insane Yields Right Now
Devil Finance is a new auto compounding yield farm on Fantom, which optimizes users’ yields by leveraging the power of compound interest.
It is a new project and has insanely high yields available in its farms right now. In this video I discuss :
►How I engage with New Projects
►How I manage Risk
►Devil Finance Audit & KYC
►Farming Strategies
Farming on Devil Finance yields rewards paid in the form of the DEVIL token. The DEVIL token can be locked by users in exchange for 100% of the protocol revenue fees. This locking mechanism provides a strong incentive to users for keeping their DEVIL tokens and supporting the protocol, which creates buying pressure while reducing supply for the token.
My video explaining - What is the difference between APY & APR? 👉 https://www.youtube.com/watch?v=XBm0rcgLZqs
I made a mistake at the 35:20 mark. The yield is 0.2% per day on the stable pairs and not the 2% i said.
🔗 Useful Links 🔗
Insider Info 👉 https://twitter.com/NickDrakon
Devil Finance App 👉 https://devilfinance.io/
Devil Finance Discord 👉 https://discord.gg/wWX6A52YZ7
Devil Finance Twitter 👉https://twitter.com/DevilFinance_io
Devil Finance Docs 👉 https://docs.devilfinance.io/
Devil Finance Telegram 👉 https://t.co/bAxigeggV5
----------
⏲ Time Stamps ⏲
00:00 - Intro
0:55 - How I Engage with New Projects
3:55 - Devil Finance Overview
9:40 - Flow Chart
21:15 - Lock DEVIL tokens
27:40 - Tokenomics
29:35 - Farming Strategies
----------
📜 Disclaimer 📜
This video is for informational purposes only. Nothing contained shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial adviser or registered investment adviser. Trading cryptocurrencies poses considerable risk of loss.
#devilfinance #autocompounding #devilfantom #nickdrakon #fantom #ftm
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