What is Defly (DEFLY)?
About Defly (DEFLY)
Good to visit in the best skill activity together with DeFi! DeflyAlgorand Wallet is a reliable wallet, intentionally formed for DeFi.
It is perfectly suited for ordinary problems and also shows its full power in the presence of trading.
The main functions include swapping in some DEX, limit orders as well as portfolio performance metrics. Through WalletConnect someone can connect to each dApp.
Our goal is to make selling and DeFi extremely simple and comfortable within the Algorand ecosystem, and all of this without exception without leaving your mobile device.
Fee Structure
The Defly add-on expands easily, the plastic card game is in no way necessary. I charge a micro commission because of the interchange to keep the peace.
The special commission in Defly is very low. Most of all, due to our combo-exchange function, commissions often become negative according to the comparison together with the exchange of 1 DEX.
$DEFLY is its positive token. It is considered the foundation to research the add-on, expanding TVL, commissions as well as retaliation.
In the add-on itself, $DEFLY is used to pay commissions, unlock features, and make savings in the entire add-on.
Trading the Market
Defly guarantees easy and comfortable selling due to a wide range of features – vPools, auto-routing, combined swaps, and limit orders – which will enable you to trade in the trade together with the highest profitability.
vPools and mechanical routing
vPools connects all DEX in the ecosystem without exception, and auto-routing automatically selects the best value for your swaps.
This skill is optimized in such a way that it is extremely easy and comfortable for the user.
You will be able to use this feature to use arbitrage abilities among DEX, manually. ant. automatically buying assets at a discount in one DEX and wanting to sell them according to the real market value in another.
Defly will continue to combine DEXs according to the edge of their launch, for you to constantly acquire the best value in your swaps.
Combo Swaps
Combo-swaps link embedded DEXs with Defly to form an optimal operation amid them.
Combo swaps provide a “negative commission” – or combo profit – as each special commission you pay will be netted out by how much more you win in combo swaps.
Combo swaps are expected if they are considered the best kind for the trader’s purpose.
Combo-swaps can help to weaken the single influence in the cost, linking the whole readily available high liquidity to increase the depth of evaporation of assets.
Navigating Swaps
In the presence of swap withdrawal, it is important not to forget about the following: the impact on value as well as the high liquidity of the pool.
Impact in value – this is the impact of your operation in the single bazaar value of asset evaporation.
Just as it is noticeable from the above sample, according to the facet of the increase in the acquisition vehicle $DEFLY increases and also its basal value.
This increase in the bazaar value leads to the fact that the trader acquires less than $DEFLY.
This is due to the large swap amount in the liquidity of the pool.
Already after any swap, DEX calculates another swap direction among the assets.
In case the swap amount is high in comparison with the readily available liquidity, the value of the asset will increase due to the excess of demand over the order.
You can trace the high liquidity of the pool and also the vPool directly from the swaps screen to make sure that the pool in which you are trading is quite deep.
Combo Gain
The combo winnings are cheaper than single DEX swaps.
The share of the acquired income goes to the trader, and the share to the Defly plan because of the provision of this service.
The greater the degree, the greater the share of income acts in the trader’s result.
In an industrial degree, the income is accepted in optimized DEX trades.
This means that one hundred percent of the combo profit first acts in the trader’s result.
Then the share of combo-profit Defly is deducted equally as a single transaction together with all kinds of commissions due to microtrading (which has all chances to be equal to zero).
Due to the degree, the distribution of combo profits as well as commissions due to microtrading are different.
For example, degree X contains 80% of combo profits and also does not contain any micro-commission (in addition to the commission due to the transaction Algorand).
This means that the subscriber keeps 80% of the generated combo profit, and the other 20% is paid to the plan (in DEFLY or ALGO).
Where can you buy Defly?
DEFLY tokens can be traded on decentralized exchanges.
The most popular exchange to buy and trade Defly is Tinyman, where the most active DEFLY/ALGO trading pair has a trading volume of $1,098.59 over the last 24 hours.
What is Defly (DEFLY)’s daily trading volume?
Defly (DEFLY) has a trading volume of $1,124.26 in the last 24 hours, up 152.70% from a day ago, indicating a recent uptick in market activity.
What is the all-time high for Defly (DEFLY)?
The highest price paid for Defly (DEFLY) is $0.01144 which was recorded on November 17, 2022 (over 1 year).
Comparatively, the current price is 82.74% below the all-time high.
What is the historical low for Defly (DEFLY)?
The lowest price paid for Defly (DEFLY) is $0.001006 which was recorded on September 06, 2023 (6 months).
Comparatively, the current price is 96.19% higher than the all-time low price.
What is Defly’s fully diluted valuation (DEFLY)?
The fully diluted valuation (FDV) of Defly (DEFLY) is $1,974,591. This is a statistical representation of the maximum market value assuming the maximum number of 1 billion DEFLY tokens in circulation today.
Depending on how the DEFLY token issuance schedule works out, it could be several years before the FDV is realized.
How does Defly’s price performance compare to its peers?
With a price increase of 9.40% over the past 7 days, Defly (DEFLY) is outperforming the global cryptocurrency market, up 8.80%, while underperforming its peers Algorand Ecosystem cryptocurrencies, up 12.20%.
FAQ
How to get started?
Defly is available on the Apple App Store and Google Play Store. Download Defly and give it a try!
Do I need to store a private key in Defly to use it?
No. You only need to store a private key if you want to trade with this account.
If you import an account without private keys, you can use our app in read-only mode to see your historical swaps, and stats, monitor your portfolio, etc.
How does Defly store my private keys?
Defly uses your smartphone’s underlying secure storage mechanism to store your private keys.
On Apple iOS this is Keychain (the private key is not synchronized to iCloud), and on Android, this is EncryptedSharedPreferences (automatic backup to the cloud is disabled).
Do my private keys leave my smartphone?
Never. Defly only uses your private keys to sign swaps and transactions locally on your smartphone.
Private keys are never sent to Defly’s servers or anywhere else, nor are they stored in a backup.
If you lose your device and don’t back them up somewhere else, they’re gone forever.
Can I use the same account in different apps?
Yes. You can create, for example, a new account in MyAlgo or Pera and import it into Defly without deleting the account from MyAlgo or Pera, or vice versa. Both applications can be used simultaneously without conflicts.
Can slippage be customized?
You can customize slippage in the settings. Go to the wallet screen and click on the gearbox icon in the top right corner to get started.
How can I redeem excess funds after swaps?
Defly does this automatically after each swap. Defly does not have a manual redemption feature.