The social platform Don-key (DON), which unites liquidity providers and yield producers, bills itself as the first of its kind. Don-key lowers the entry barrier for both liquidity providers and yield farmers by enabling two distinct groups of people to participate in the DeFi world: those with less available capital and those who are unwilling to dedicate themselves to learning the skills and techniques needed to do so.
Don-key serves as a platform for those with little experience or financial resources who want to enter the DeFi industry. With the goal of giving yield farmers and investors a social trading experience that is gamified, as well as a smooth planning tool and positions, while also giving farmers a lot of liquidity to use in their strategy execution.
As the first social platform that connects liquidity providers and yield producers, Don-key gives productive farmers the ability to make the most of the resources under their control while producing profits for both farmers and investors. It believes that yield farmers are the frontiers of the DeFi revolution and is here to provide them with total support.
The long-awaited toolset known as Don-key gives yield strategists a means to monetize the effectiveness of their DeFi strategy.
getting paid to produce fresh concepts and new designs that liquidity providers can practically #Copyfarm with the use of Don-key’s platform architecture. The result should be a low-cost structure with high-profit potential.
The Don-Key yield farms are rated using a unique Sortino Ratio method that scores a portfolio’s risk-adjusted earnings concerning a trade aim by applying downside risk. To comply with platform requirements and DeFi regulations, the platform enhanced the algorithm underlying modern portfolio theory. To make the lives of investors more pleasant and create a proper comparison table between various strategies, each plan has a corresponding risk score. A number between one and 10, with one representing the lowest danger and ten the most, is used to represent this score. When the first system is updated and deployed as other systems are added to the farmer’s profile, the initial risk score is chosen.
The whole utility token for Don-key’s “copy farming” ecosystem is DON tokens, which are an ERC-20 token. Trades must have at least 100 DON in their wallets to use the Dapp and participate. By staking DON, one can advance up the tier ladder and gain access to the Don-key platform’s more useful features. The platform provides increased annual percentage yield (APY), exclusive access to VIP farmers, lower costs, and many other benefits.
Who are the founders of Don-key (DON)?
The Don-Key platform was founded by Gil Shpirman, Yanir Goldenberg, Adarshdeep Singh, and Vijay Bhayani.
The Don-key platform provided smart contracts, network development, and protocol integrations in the first quarter of 2021. In the third quarter, new tools were created to reduce gas expenses and cross-chain transactions.
This team founded Don-key, A social trading website called Finance imitates expertly developed yield farming techniques. It offers automation for DeFi. Its automation system for the V2 strategy is built to expand and support a sizable and increasing influx of new farmers and investors eager to profit from their rivals’ efforts. The next wave of involvement in yield farming is being made possible by its network of systematized bots, which allow permissionless transactions in the safest setting imaginable.
What is Don-key (DON) used for?
The only utility for the gamified DeFi platform is $DON, and some of its use cases are:
- Access: All users must have at least 100 DON tokens in their wallets to use the DAPP.
- Tiers: You can advance up the tier ladder by staking more DON. Higher tiers get access to VIP farmers, have early access to strategies, can connect with the farmers, receive PUSH notifications when new strategies and APY changes are made, and much more.
- Staking & Rewards: $DON holders can earn accelerated APY by keeping their coins in Don-key liquidity pools that will be introduced on several DEX platforms, as well as staking wallets.
- Governance: By staking a predetermined number of tokens in the designated staking wallets, $DON holders can obtain voting privileges on the network. By doing this, people can take part in community decisions about things like new proposals, new integrations, pool audits, circulation, distribution, and more. The on-chain governance approach for DON will also be subject to input from governors. Holders of $DON will also have the ability to examine farmers and approve new integrations.
- Farmers may choose to restrict the use of certain methods to $DON holders only, giving them access to exclusive pools.
How is Don-key (DON) unique?
Don-key is a cutting-edge platform for people looking for farming opportunities. It comes with a lot of uniqueness, some of which are:
Users of Don-key’s “Copy Farming” function can easily pick up on the most recent farming prospects and invest in them automatically by following successful farmers and using Don-key’s strategy builder. Users of the strategy builder may effectively plan and optimize a variety of farming scenarios thanks to its user-friendly drag-and-drop interface. The platform assesses farmers based on their previous performance and verified APY outcomes, creating a reliable farmer reputation system.
Additionally, by actively interacting, investors on Don-key can raise their investor reputation, which grants them greater access to high-alpha possibilities. Top farmers and liquidity providers receive $DON tokens as a mark of appreciation.
Also, by combining their investments with others’, Don-key enables investors to save on gas expenses.
How many Don-key (DON) coins are in circulation?
It has a maximum quantity of 100,000,000 DON coins and a circulating circulation of 93,652,868 DON coins.
How is the Don-key (DON) network secured?
You can invest like the greatest and add liquidity to any strategy, whether you’re a savvy user or simply a regular guy.
Users can easily track the performance of the strategy via the Don-key platform and transfer liquidity between farmers and strategies for almost no cost.
Investors can precisely follow the prior transactions a farmer has made because of Don-key analytics. In addition, the investor can view what resources are currently included in each farmer’s strategy pool.
Don-key is also in a position to satisfy the high net worth of an individual who wants to participate in performing yield generation methods with maximum time efficiency and without the expensive processes associated with this type of activity in traditional finance.
How do I buy Don-key (DON)?
The DON token can be used for a wide range of purposes, like staking and payments.
Don-key (DON) tokens can be easily purchased by following the following steps.
* Open an account with the crypto trading platform of your choice.
* Transfer the specific amount of your fiat currency to your account.
* Wait for your deposit to be confirmed and buy CNS through your trading account by swapping with BTC, ETH, or USDT pairs.
Which Cryptocurrency Wallet Supports Don-key (DON)?
The PTPWallet platform supports many cryptocurrencies, with DON soon to be included. Because of its vast use case, PTPWallet has grown to become one of the most popular platforms, as it serves as an exchange and an engine to discover other cryptocurrencies. The platform offers a simple user interface, is supported by both Android and iOS devices, and comes with its own mobile wallet app.
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