Why Choose DeFiDog?
After 18 months of planning and development, we’re proud to announce the launch of the groundbreaking MemeFi token DeFiDog which combines DeFi professionalism and meme token community.
The New Concept In DeFi and Memes !
DeFiDog is designed to be
100% Immutable, Decentralized, and Trustless,
ensuring the security of your investment
This means that nobody, not even the developers, can mess with your investment. The entire launch process is completely controlled by the community. Secondly, the launch process is completely non-custodial and rug proof, and if launch goals are not met, everyone is able to receive a complete refund. Finally, your stake in DeFiDog cleverly utilizes NFTs that are fully tradable on the open market.
Technical Overview
DeFiDog is a decentralized finance (DeFi) protocol built on the Arbitrum blockchain. It aims to provide a secure and transparent platform for users to engage in yield farming and staking. The protocol is designed to be immutable, rug proof, and trustless, ensuring that users’ funds are safe and the protocol’s operations are transparent.
DeFiDog utilizes two tokens:
- DDOG (ERC20 token)
- NDOG (ERC721 NFT)
DDOG will be paired with Arbitrum (ARB) in a Uniswap V2 liquidity pool, facilitating swaps between the two tokens. A 5% tax on these swaps will contribute to the staking rewards pool, incentivizing users to participate in the protocol.
Each stake in the DeFiDog protocol is represented by an NDOG NFT. These NFTs are openly tradable on any NFT marketplace that supports the Arbitrum blockchain. This feature allows users to buy and sell their stakes in the protocol, providing additional flexibility and liquidity.
DeFiDog Staking
DeFiDog’s staking protocol is divided into two pools: the Treat Jar and the Doggy Bag. When a user stakes their tokens, 75% goes to their Treat Jar balance, 12.5% goes to their Doggy Bag balance, and the remaining 12.5% goes into the staking rewards pool. The actual tokens staked are added to the Uniswap V2 liquidity pool to enhance liquidity and stability.
Treat Jar
Provides 1% daily ROI rewards
.
Users can claim rewards daily or allow them to auto-compound, increasing their Treat Jar balance.
Claims from the Treat Jar are directed to the user's Doggy Bag balance.
Each stake in the Treat Jar has a limit of 100 total claims.
Treat Jar balances can grow up to 10x the starting balance.
Doggy Bag
Earns rewards from the 5% swap tax and the 12.5% staking tax.
Distributes 2.5% of accumulated tax rewards to Doggy Bag stakers daily.
Rewards can be claimed to the user's wallet or compounded back into the Doggy Bag balance.
Up to 25% of the Doggy Bag balance can be withdrawn weekly.
Doggy Bag tokens are initially locked for 7 days. Referrals earn 0.25% of claimed Doggy Bank tokens.
Presale
The DeFiDog presale begins immediately upon contract deployment.
Presale purchases are staked, and stakers receive a 5% bonus in the Treat Jar pool and an additional 0.25% bonus per day prior to launch (up to 30 days).
The presale runs for a minimum of 30 days.
The protocol can be launched by anyone after 30 days, provided the target amount of ARB (100,000) has been staked.
Full refunds are available to presale participants if the target ARB
amount isn't reached after 60 days.
The protocol can launch with any amount of ARB after 90 days.
The presale is non-custodial, and timeframes/staking limits are immutable.
Launch
Upon meeting launch conditions, anyone can initiate the protocol launch.
Launch events:
DeFiDog team receives 5% of the total presale staking amount in NFTs.
DDOG tokens are minted at a 1:100 ratio with ARB.
Liquidity pool is created on Uniswap V2.
12.5% additional DDOG tokens are minted for Doggy Bag rewards.
Treat Jar and Doggy Bag rewards begin generation.
DDOG becomes openly tradable.
Conclusion
The very first memefi, DeFiDog presents a novel approach to DeFi on the Arbitrum blockchain. With its dual-token system, innovative staking pools, and rug-proof presale model, DeFiDog aims to attract users seeking a secure and rewarding DeFi experience. The addition of the NDOG NFT adds flexibility and liquidity for users, allowing them to trade their stakes on the open market.
The Team
The members of the community who bring a wealth of DeFi and crypto knowledge. The team’s objective was to build a completely pure protocol. By “pure” we mean immutable, decentralized, community owned and fully trustless.
All of the code and contracts are in place BUT each step of the process can only happen when the community triggers key events.
This starts with the initial staking and follows through to the launch of the protocol.