A Beginner’s Guide to Ethereum Scaling SolutionsRead on the DeFi Pulse Blog

Key Stats

Total Value Locked24H
in USD$7.2M-0.9%
in ETH2.4K ETH+3.4%
in BTC167 BTC+3.4%
cdai Locked334.23M cdai-2.8M cdai
% Supply Locked< 0.01%
Blockchain
Ethereum
Most Locked$cdai
Protocol Token$DFX

Total Value Locked (USD) in DeFireX

  • TVL (USD)
  • DAI
  • All
  • 1 Year
  • 90 Day
  • 30 Day
defipulse chart

What is DeFireX?

DeFireX is a cross-chain protocol designed for maximizing profit from other DeFi projects through services such as leveraged yield farming. For example, traders can use DeFireX for strategies like boosted COMP farming. This is accomplished by opening multiple connected Compound supply positions at once via flashloans, and then bridging and depositing the ensuing funds in high-yielding liquidity pools on DEXes like Pancakeswap. While the risk of liquidation is a possibility with this kind of yield farming strategy, if used successfully it allows users to earn more than they would by simply maintaining a single Compound supply position. Notably, DeFireX aggregates and converts all accrued token rewards into USDT so yield farmers don’t have to worry about the value of their rewards fluctuating. Expect a wider range of tokens to be converted in the future as DeFireX continues developing profit-boosting strategies for other top DeFi projects like Balancer, Curve, and Uniswap.


How to use DeFireX?

To use DeFireX, navigate to the protocol’s Pools page. There you can browse yield farming opportunities and supply assets on multiple blockchains, including Binance Smart Chain, Ethereum, Polygon, and more to come. If you want to learn more, check out the DeFireX Wiki.

dHEDGE V2 Optimizes the Decentralized Hedge Fund Experience

dHEDGE is a decentralized asset management protocol that is permissionless.  This allows users to create or invest into non-custodial, on-chain…

2021-08-02Read more >

Founder Fireside Chat with Michael J. Cohen of xToken

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity…

2021-07-15Read more >

Founder Fireside Chat with Zeus of Olympus

The Founder Fireside Chat series hosted by DeFi Pulse interviews DeFi founders in the hopes of offering readers an opportunity…

2021-06-24Read more >

Asset Management Protocol DEXTF Ramps Up in 2021

DEXTF is an up-and-coming trading and fund management protocol for tokenized portfolios. These “XTF” portfolios, also known as decentralized traded…

2021-06-17Read more >