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Definix & SIX Network Q4 Summary
Table of Contents
Time flies and here we are at the end of the year 2021, one marvelous year SIX Network and Definix team have had. Throughout the year we have completed so many tasks and missions hereby is the summary of the hitting milestone.
Teamed Up With Multiple Corporations
Expanding market schema is often taken by many businesses, thus it’s really important to have joined hands with corporate partners who have the same goal to withstand the trend in this industry.
► Collaboration With VELO and Updates
At the end of October, SIX Network and Velo Labs Technology have signed a partnership in foreseeing the opportunity to build fundamental of DeFi investment on the Definix platform. VELO pool then became the first pool to open on Definix BSC-based platform and LP farms of BNB-VELO, BUSD-VELO, and FINIX-VELO are going to be listed in a further update.
► SIX Network collaboration with DINGO: NFT Project No.1
Keeping in touch with the current DeFi trends is important to engage with crypto and blockchain enthusiasts. The rising trend of NFT is one that is irresistible, our first NFT project by partnering up with Dingo. The first public sale is available on the website https://dingoxt-ara.com.
Next up are the use case for users who own this NFT will have a right to access the SIX Universe, a future project for special investors to access exclusive content. Currently, SIX Network is under development to launch a marketplace for those who are seeking opportunities to invest in NFT. The NFT project by SIX Network and our partner will continue to expand in South East Asia and you’ll be seeing more artists from Thai and Korea as well.
► K-Pop NFT Integrated with Chainlink
SIX Network integrated VRF technology from Chainlink with the NFT distribution system by randomizing the ID of each NFT minted. The Chainlink came with the interoperability functions to integrate some features of the chain with the on-chain features. Chainlink VRF works by combining block data that is still unknown when the request is made with the oracle node’s pre-committed private key to generate both a random number and a cryptographic proof.
The integration with Chainlink could lead SIX Network to global exposure and lead to more opportunities in near future with other global protocols.
► SIX x Plearn Platform
SIX Network and Plearn platform, the newest DeFi from Thai market, has launched the first pool using SIX tokens to stake and receive PLEARN (PLN) token on https://app.plearnclub.com/. The event started on December 17th, 2021 lasting for 7 days. In addition, the Plearn platform has added SIX to their platform liquidity for swapping and LP Farming of initial tokens such as SIX-PLN, BNB-PLN, and BUSD-PLN.
SIX Network and Plearn platform collaboration will eventually expand the market and visualize the usability of SIX tokens in a very unique way since Plearn is targeting investors to live the lifestyle they want while making profit.
FUN FACT: Plearn is the newest DeFi platform with the name that originated from the words “Play” and “Earn.”
Milestone Completed in Q4
► Long-term Stake Pool
The first privilege FINIX holders can get is by joining this pool to receive the voting power (vFINIX) that empowers you to have a say in how Definix develops into the future.
To participate in the Long-term Stake pool, users will be required to lock up the FINIX tokens divided into 3 periods: 90, 180, and 365 days with returning vFINIX rate based periodically.
As the platform evolves day by day, the investors will surely find more benefits from holding vFINIX. We’ve designed vFINIX to make the platform fully decentralized and encourage our investors who believe in us to be a part of the platform in getting more benefits.
► Rebalancing Farm on Binance Smart Chain (BSC)
It is worth mentioning that we have added various farms that have unique characteristics PoS Top Pick and Game Index. Though we included the community’s favorite to BSC side as well which are Bullish Giant, Satoshi and Friends, and Alt Party which can benefit users by having more advantages when investing in different assets.
The Rebalancing Farm uses an advanced investment strategy to sell weighted assets and utilize that portion to buy low-value assets to even out the imbalance so that users have more opportunities to keep making a profit from crypto on every interval.
APR Adjustment for FINIX
Another major adjustment on the FINIX Reward for BSC users has been adjusted according to improve the imbalance of FINIX allocation per day by allocating partial APR to the new feature as well. The allocation is adjusted based on the industry status-quo and industry research. Please find the changes in the table below:
► Super Stake
Super Stake enhances the flexibility of the long-term Stake pool. Once you stake your asset to the long-term stake pool, you can use Super Stake to top up your amount and earn more FINIX rewards from your long-term stake without extending your staking period too long.
Also, this feature can help you get more voting power without any minimum FINIX required when the decentralized voting system is launched. It will create a chance for you to increase vFINIX in the wallet and maximize your voting power for the proposal that you really want to push forward.
Conclusion
Our team is driven by the passion to make one’s desire comes true for yearning for the enrichment of the facility the Definix platform can provide in the future. In this last quarter of the year 2021, SIX Network team has built and reinvented every resource we have to push forward the journey of full-fledged decentralized finance protocol. Lastly, we say thank you for all the supports and we will grow intuitively better under SIX – Definix Community.
Happy New Year 2022
We wish you all the wealth and prosperity in crypto!
Happy New Year 2022
We wish you all the wealth and prosperity in crypto!
Napathsorn Unchit
Passionate about financial world and is an inverstor too! Giving out news update and blog post every month.
Visit us at SIX Network for more.
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