Welcome Travellers!

It brings me joy to see that the last article caused an “aha moment” for so many of you. Understanding emissions and inflation is crucial to be able to make better decisions and ultimately this is what we all want 🙂

Many of you wanted to see my take on heronomics and other things revolving around nft.

There’s a lot to cover so let’s get right into it.

The Problem.

NFT projects spring up like mushrooms and many implement breeding mechanics. This is a fantastic field for experiments from which we can learn.

The largest issues that the team noticed are:

1. High entry barriers.
2. NFT supply inflates which eventually disincentivizes breeding.

Does Defira have a plan to counter that? 🤔

Ascension Ritual seems to be the secret sauce.

Before we explain how it works, let’s see what’s unique.

Heroes — what’s unique?

👉 Gen 0 heroes are not overpowered.

👉 They will have the ability to infinitely breed, but they won’t have the best stats!

👉 Every new generation will be stronger than the previous one, and this on its own flips the script entirely.

👉 Ascension Ritual — affects both stats and visuals. Increased stats mean better performance and that’s the main reason for doing it in the first place.

👉 You will be able to ascend your heroes and get them to new heights (Level up).

👉 The below table explains how hero generation affects the ability to ascend.

👉 Race, class, and gender, matter! More on that later.

👉 Hero burn mechanic (Soul Bonding) — part of Ascension Ritual.

👉 Epic Heroes — Lore-based characters.

Questing — what’s unique? 🤔

1. A variety of game modes and quests.

• Some will require you to have one or a few strong heroes, while others will require you to have a large number of weaker heroes, etc.

1. Some quests will require additional interaction in the middle to advance the quest. So not just a “click and forget” type of quests, however, these will be available too in form of “Jobs” such as guard duty or fruit picking.
2. Some quests will be rotation based like game modes in League of Legends for example. This means that you will only be able to participate when they are live. (ex. 24-hour window)
3. Some quests will require community involvement and cooperation.

Seems like there’s something for everyone.

I believe we can now explain the breeding/wishing process.

Step 1: Wishing Ritual.

This is quite similar to what we’ve seen in games like DFK. You take two heroes, breed and you get a next-gen hero.

However in this case a Wishing Stone is introduced. You combine the genes of both heroes into the Wishing Stone and then you take the stone and perform the wishing ritual.

We do not know whether it is tradeable or not. If it is, it could be an interesting addition.

Step 2: Ascension Ritual.

If you want to level up your hero, you won’t be able to do it without a Soul Gem.

There are a few ways of obtaining the gem. At least that’s what we currently know.

👉 You can burn a hero of the same race, class, and gender. This means that if you want to level up a Female Elf Knight, you won’t be able to burn a Male Elf Knight.
👉 You can also get Soul Gems as a reward for questing, or by purchasing loot boxes. This will be randomized.

👉 Once you have the Soul Gem, you can combine it with your hero and ascend it to the next level.

Now back to the problems we pointed out at the beginning.

In simple terms, the Ascension Ritual is a way to level up your hero and have it perform better at various quests bringing higher yields.

The addition of the burn mechanic (Soul Gem) should keep the supply of heroes in check, bringing a nice balance between incentivizing breeding and lowering the entry barrier. 0xKrillin mentioned that they have other mechanics waiting, in case the balance is thrown off.

That’s it for today! Have a great day :)

Hello Travellers!

Let’s talk Defira, but let’s talk about things that many do not know or do not understand.

I believe that making educated decisions is crucial to increasing your odds of winning, and therefore I’d like to clarify a few things.

Here’s what I want to cover today:

1. The real market cap.
2. Emissions and how they compare to DFK.

The Real Market Cap

Most people are used to looking at DexScreener’s stats to see what the market cap is, however, that’s not the correct approach in the case of Defira.

Here’s why.

The figure we’re looking at is incorrect due to the fact that Tranquil Dex is not yet listed on Coingecko (that’s where DexScreener takes data from), and therefore the platform is only pulling the data from Sushi swap.

Here’s 0xKrillin’s explanation:

This is doing Defira an incredible disservice because the REAL market cap is in fact:

83 TIMES SMALLER‼️

Currently sitting at a little over 8 Million. You can go to the temple and talk to Aiden to see that data.

Now that we have this clarified you can understand how much upside we are looking at ;]

Below is a calculation of what would happen if Fira had the current Jewel market cap (450M).

We all know that Jewel’s capitalization was over 1 Billion at some point. Makes you wonder huh? 🤩

Some may ask “But Curious! What about token emissions?!”

I’m glad you asked because this brings us to the next chapter. 👊 😊

Emissions.

I like to go off of numbers, so I’ve done some calculations.

Below we can see the current emissions of tokens. They did not change since the launch.

Here we can see how Fira emissions compare to Jewel emissions.

What it means is that in the 1st week, Fira emissions were only 2.81% of those that Jewel had in the first week. In translation, it means that Fira would have to print for nearly 36 weeks (8 months) in order to print the same number of tokens that Jewel printed in just the 1st week. 🤯

The situation of sFira looks even better. Only 0.69% compared to locked Jewel’s emissions in the 1st week.

If we take the current emissions of Jewel into account, we can see that Fira still prints only 4.5% of what Jewel prints.

👉 Disclaimer 1: I did take all sources of Fira into account (2 farms and locked tranq) and for sFira (10 farms and 2 x single stake).

👉 Disclaimer 2: Keep in mind that Fira does not have fixed emissions and they can be adjusted by the team at any point. I consider this a good thing.

👉 Disclaimer 3: According to Defira docs, emissions should suffice for up to 4 years.

Having said all that, we can go back to that “But Curious! What about token emissions?!”, and calculate the number of Fira tokens we can expect in circulation after 6 months. Or I should say speculate since emissions are not fixed. The reason I take 6 months as the benchmark is because that’s more or less how long it took DFK to reach ATH.

So given that Fira is printing ~15,554 tokens per day, in the next 5 months 2,333,100 should enter circulation. Adding that to the current 1,222,646 circulating Fira, we should be looking at 3,555,746 Fira.

Therefore here’s the market cap required to reach the following prices in 5 months (we’re already 1 month in):

• $100 Fira, will require $355,574,600 market cap. That’s still less than Jewel currently.
• $200 Fira, will require $711,149,200 market cap.
• $300 Fira, will require $1,066,723,800 market cap. That’s still less than what Jewel was at ATH, and way less than the current Axie Infinity cap $3.16B ($10B at ATH).

Formula: price x circulating supply = market cap

👉 Disclaimer 4: Keep in mind that the above calculations do not take into account any burn mechanics and we know that there will be plenty of those, so that’s even better! 😍

🤷‍♂️ I wanted to also include updates about:

1. Team growth.
2. The NFT launch and how to get the best out of it.
3. Heronomics and why it’s a game-changer.

It seems it’s going to make the article too long, so comment below if you want to see those updates.

Have a great day! 🙂

It has almost been a full month since Defira’s launch and oh boy, it was a month full of excitement. 🤩

This article was made possible thanks to 0xKaren (Defira Team) and the insight she kindly provided. 👏

Here’s what you’ll find in this article:

1. A little recap of the most recent happenings.
2. How Defira plans to dominate the industry.

Recap

Defira released our brand new Defi Super App (Tranquil Dex) and with your help, we reached #1 TVL on Harmony! 🥳

Enjoy these sweet, sweet yields!

They did not stop there! While working on the NFT launch, just last week they released the first two episodes of the brand new Webtoon!

What is a Webtoon you may ask? 🤔

The word was created by combining two words (“web” and “cartoon”) together, and in simple terms is a colored equivalent of manga. You read it by scrolling down 🧐

By the way, If you missed the first two episodes you can catch up here.

1st Fanbase Mining Event was a big success, many artists have contributed their precious skills and time to help spread the awareness. Please give these artists a shoutout and follow 🙂

Keep them coming! 👏 👏 👏

Now, let’s move on to the secret sauce 🙂

Defira’s Plan To Take Over The Crypto Gaming Industry

Currently, there are over 18 thousand crypto projects according to the Coinmarketcap database. Crypto Gaming is still a small fraction of that, however, it’s expected to grow exponentially in the next few years.

The problem is that games come and go. Years of development can fade within weeks from release. If only there was a way to avoid such fate. Well, what if I told you that there is a way?

One of the primary goals at Defira is to bring lasting value to the community and investors, so the team spent countless hours studying how to best retain the value and the interest in the project.

They started by asking what are the brands that withstood the test of time and why?

The answers quite quickly pointed to:

1. Pokemon
2. World of Warcraft
3. Final Fantasy
4. Mario
5. League of Legends

The list goes on!

Why are these brands so recognizable? What do they have in common?

For example, Pokemon started with the game (1996), then released trading cards, and just one year later created the anime and manga to expand its franchise. That’s not just one isolated example. More successful brands followed this model.

What’s incredibly interesting about Pokemon, is the collector culture. 🕵️‍♂️

If you were growing up in the 90ties you probably remember the Pokemon craze, we were all buying crisps or other items in hopes to find that Charizard card inside 🙂 Every kid played them at school and every kid wanted to catch them all. One could think that it’s just a child’s play, however, the time has shown that it’s much more than this, and today a simple google search will return thousands of items involving Pokemon, including the rarest cards costing hundreds of thousands of dollars! 🤯

That’s quite similar to NFT culture which is still relatively young and small. Defira’s goal is to tap into this broader market and introduce it to the crypto space.

Another great example is League of Legends. If you know what it is, you probably know that Riot Games recently released their anime series “Arcane” on Netflix. It was a huge hit and tremendously increased not only the in-game traffic but also affected the summoner choice within the game. Players simply wanted to play the characters they’ve seen in the anime!

As you can see having a deeply engaging story is immensely powerful.

Another of Defira’s goals is to onboard the next 100 million users into DEFI and for that, they will need to be present outside of the crypto world.

That’s why the Webtoon came to life, and anime will follow soon after! They’re already talking with the best studios in the industry! 🤩 🤩 🤩

We learned in multiple interviews that they want our community, to be closer to our favorite characters, engage with them on multiple platforms, and for the first time in history, have the ability to own the unique piece of the franchise via NFT!

Are you excited yet? 😺

Let us recap some of the steps they plan to take to take over the crypto gaming industry:

💡 Webtoon and Anime:

1. Creates lore and more depth to the NFT characters.
2. Supercharges NFTs with emotional value on top of their Defi utility because the characters now have a story behind them. Defira has an advantage in this field because we are one of the first webtoons about crypto and decentralized finance. It is something new that other protocols currently lack.
3. Spreads awareness about Defi to a larger group of people — those who have never heard about it, can learn basic Defi principles and use the webtoon as a guide to using the Defira protocol.
4. Gives them the ability to drop easter eggs on upcoming Defira projects and create more buzz around future releases.
5. Connects to an overlapping customer base of manga/anime/webtoon collectors and has the potential to bring them over to the NFT world. The anime community has one of the largest collector communities in the world. For example, the Pokemon card collecting described above.

💡 Game-development studio (just a sneak peek, more on this in the future):

1. Similar to what Riot Games did, they want to release multiple games fitting into different genres, allowing players to play their favorite characters in the type of game they love.
2. Create different entry requirements. Free to play too??? 🙂

💡 Seamless user experience:

1. Defira app will be simple to use, similar to how we use Facebook or Netflix today.
2. You will be able to select your favorite game, trade, borrow, lend, perhaps even watch anime, read webtoon, or even top up your crypto wallet directly from there.

🤷 So why does this matter to you? 🤷

As you can see, the Defira team is investing heavily and putting a lot of effort into the creation of the lore and back story for the characters that will become NFTs. This shows the long-term vision for the project and a genuine desire to create great products that will prove valuable to investors for years to come. 📈

You have a chance to be part of something incredibly big while it’s still in its infant stages! The rocket is just getting fueled.

The NFT launch is just around the corner! Get ready for the takeoff 🚀 🚀 🚀

Let me know what are the most pressing questions you have about Defira, and I’ll do my best to answer them in the next article.

The initial price action is all great, but it’s not what should get us excited the most about this project.

In the last article#3 I shared, how big is the DeFi vision for Defira, and today I want to spend some time explaining the GameFi and the Brand vision, so you can make better decisions.

In an effort to make this article accessible to everyone, no matter their level of knowledge about blockchain technologies, I’ll start with the basics and leave the best until the end.

NFTs

If you are familiar with the term, you may have heard that these are JPEGs or digital pictures, that silly people spend fortunes on.

If you never heard of it, NFT is short for a “non-fungible token”.

A “little bit more” than just a JPEG. It essentially means, that for the first time in history, you can own digital property. NFT itself would be your receipt for that property, the proof that you own it.

I’m pretty sure that in the future you will be able to buy a house or a car or via NFT. We’re still early on this tech.

How does Defira use NFT technology besides, creating ultra-awesome characters for the game?

This tech will play a crucial role in the whole ecosystem, from helping you unlock your $Fira rewards faster, through rewarding users for using the protocol, to creating an engaging gameplay loop in different game modes. You can read about them here.

The Best Part

Intellectual Property or the Brand. This is where Defira wants to shine the most.

We are still in quite the early stages of crypto tech. We could probably call it the network era, and the application era is still to come.

What does it exactly mean? It means that most eyes are focused on the networks (Ethereum, Solana, Polka, Harmony, etc.), instead of applications for the most part. If you compare it to today’s internet you will quickly realize that the average user has no idea what goes on behind the scenes when they are browsing, since the application layer (eg. Facebook, Netflix) is the last layer, and the only one visible to the end-user.

All we know is that we can use our favorite app by clicking the icon. Magic! 😉

Eventually, we will get the same experience in crypto, where it won’t matter if we are currently using Harmony or ETH. We won’t even know it!

Messari did a great job presenting how it could work.

Why am I saying all this?

In the previous article#3 I explained how huge is the fact that Defira is building a super app. That’s step #1. If no one uses your super app then it’s useless.

Step #2 finally brings us to IP/Brand.

Our favorite team set themselves an ambitious goal, of onboarding the next 100 million crypto users into DeFi.

How? Through entertainment! 📺

Why bore anyone with all that crypto-tech stuff, if you can just make an engaging story and take the hearts of viewers by storm?

Here’s where Manga and Anime come into play!

I remember all these years ago, reading Naruto manga, watching the anime, and spending hours searching the internet in hopes of finding some cool game that would allow me to become one of my favorite characters! That’s the power of an engaging story, that’s the power of creating a bond.

When one creates bonds with favorite characters it’s likely that he or she will follow their story no matter where they go. Even if they exist in that crazy, complicated crypto world.

That’s not all! 🙂

Defira aims to create a dedicated game development studio, so we can be sure that our NFTs will have future use cases in all the cool game modes or standalone games that will be brought to life.

Step #3

Ok, how do we ensure that all these millions of new users come to Harmony to find Defira? We don’t and that’s the best part. Defira wants to be a cross-chain metaverse, so it won’t matter what chain you’re on. Now, all that internet layer nonsense, that we talked about has a context. 😹

0xKrillin, one of Defira’s developers recently clarified how they want their app to be that end-user experience, no matter the chain you are on! 🚀 🚀 🚀

All you will care about is to go to Defira.com and that’s it.

This is quite a bold vision, and I absolutely love it. Knowing the team and their ability to deliver, the future looks bright, but as always a little bit of caution is recommended 🙂

Some links for your convenience.

Follow me here.

Follow 0xKrillin here.

Follow Defira here.

Wow! We have a lot to cover! Are you ready? 🤩

First of all, Defira has just launched and it seems that my predictions made in this update(#2) came true. 🧙 Hint: the super app is coming 🙂

The team behind Defira dropped an absolute bomb!

This project got me excited even when I did not know all the things I’m about to share with you, but now, the hype is on another level.

Alright, let’s see what’s so exciting 🙂

The price action? Hell yeah, but there are more exciting things! Read on.

Ok, what could possibly be better than this parabolic chart?!

The doc/whitepaper naturally! :)

It consists of 3 main sections:

1. The Defi Vision
2. The Game Vision
3. The Brand / Intelectual Property Vision

To give this justice we’re going to have to dive deep into each of the aspects, but I also do not want this article to be a 30-minute read 🥴

We’ll split the information into 3 separate articles. We will leave the gaming and the branding for now and focus solely on Defi, which is the core aspect. Without it, no game will be able to succeed.

The Defi Vision

❓ How does Defira plan to make the whole Defi experience better for you?

In this article(#1) I mentioned how Defi can be compared to Lego pieces and how inconvenient it is to first find apps or dexes, check which has the deepest liquidity, and then switch between them to accomplish different tasks. Why can’t we have everything under one hood?

Well, we can, and we will because Defira is building a Defi Super App. 🤯🤯🤯 — Nothing like this exists yet.

What does it mean?

It means that all the required pieces will be available at Defira.com so you do not have to switch between different apps all the time.

What pieces will there be? I’m glad you asked!

Initially:

1. Dex (swap coins)
2. Liquid Staking (stONE — stake your One and use your ONE)
3. Money Market (Lend & Borrow)

As of now, the Dex is separated from Money Market and Liquid staking, however, the first priority is to migrate the Tranquil Finance app to Defira.

This on its own is pretty awesome if you ask me. I can’t wait for Fira to be used as collateral in the Money Market. Imagine all the opportunities it opens up.

❓ Ok, all that is cool, but what if someone does not want to play games. Won’t this discourage serious players from using this ecosystem?

Great question! Defira devs have thought about it and they will build a non-gamefi interface for all products. It means that you can forget the game and just use products in your typical way.

Then at later stages of development, we should see:

4. Bridge

5. Launchpad

6. Stablecoin

7. Yield optimizer

8. Insurance

I want to talk about these a bit because not everyone understands how important that is.

🌉 Bridge

We can instantly see an alignment with Harmony’s vision to be the bridge to all chains 🙂

This is incredibly important, for the growth of the protocol. You will be able to bridge your Fira to other chains and use it there. Whether having a bridged token on other chains is a better solution than creating a brand new token (DFK Crystal), the time will tell.

Each protocol and blockchain will have its own governance token and unique capital city inside the Defira game world. Defi Lego pieces are represented in the game (eg. market, bank, etc.). So far we have Tranquil on Harmony and Mimas on Cronos. The team stated that they may look for partnerships on other chains and instead of competing, bring value to already established protocols.

What if defira decides to eventually expand to Avax, and brings Aave Money Market under the hood? Or goes to Phantom and does the same with Cream Money Market? Each of such partnerships would be a win-win scenario and only further strengthen the brand.

Here’s how the Defira team sees this:

🚀 Launchpad

We do not have any details about this just yet, but in general, the Harmony ecosystem lacks a proper launchpad and if done correctly, it could be a huge help to the ecosystem and Fira/Tranq holders. Why?

Firstly because users get access to new projects vetted by Defira team, which opens up new investment opportunities.

Secondly, every ecosystem (Harmony in this case) wants new projects to come and enrich it.

Thirdly, new projects get instant exposure to the community, funding, consulting, etc.

Win-Win-Win scenario 🙂

⚖️ Stablecoin

It’s no secret that stable coins are in large demand, and we just do not have enough of them. Issues with Tether (USDT) and their lack of transparency, have shown how much we need decentralized stablecoins. The more the better.

📈 Yield Optimizer

If you ever farmed any token you know that after several days of claiming, reinvesting, or selling, the process becomes quite tedious or even impossible to keep up with to properly optimize your yields. This is where Yield Optimizers or auto-compounders come in. The code handles the worst part of the job for you.

Let’s explain it with a visual example.

As you can see, if you’re interested in farming and finding the best opportunities that’s the way to go.

🧯 Insurance

Billions of dollars have been stolen from exchanges and wallets since the first Bitcoin block.

Wouldn’t it be cool to have your portfolio insured against theft, or other unexpected events, for a few $ a month?

❓ What’s Next?

Is this all? Is The Super App the only thing that will make our lives easier?

Outside of the above primitives, the team wants to take the initiative and innovate the Defi field beyond what is currently possible. They plan to accomplish that by creating deeper integration with NFTs.

🤷 For example, your locked Tranq could be represented as an in-game item, giving you some sort of advantage like boosting your yields or unlocking sFira faster.

🤔 If we let our imagination loose, we could even dream about removing selling pressure from the token. How?

Let’s say that you want to sell 1000 Fira and the current price is $100. Well, that is $100k right there. What if instead of selling it on the market you could attach this amount of Fira to one of your NFT heroes and sell the hero along with Fira on the NFT marketplace. The market is not affected, you did exit your position, and someone entered a position.

The NFT technology opens almost endless opportunities. 🤩

To wrap it up I’ll leave you with the roadmap.

I hope you are as excited as I am. 🤩

👉 We will dive deep into gamefi integration in the next article so make sure that this follow button is no longer green.

The response to the first article was incredible and I want to thank you all for your kind words and support.

I understand that you want more, and I’ll gladly deliver. Another in-depth article is on the way and will be posted soon. Hopefully this weekend.

For now, I’ll leave you with the information about the launch.

What to expect?

It’s all speculation, however, knowing this team, I expect an innovative Dex that will encompass multiple DEFI pieces. At this point, I would venture to guess, that we will see Tranquil Finance Money Market merge with Dex. That would mean the following pieces in one:

1. Liquid staking (stONE covered in the last article.)
2. Lending protocol— exactly what Tranquil is now
3. Dex — decentralized exchange

If this happens, something incredibly unique will be born before our eyes. There's no such instrument anywhere in DEFI, at least I haven’t seen one.

What we know:

1. The team stated that they want to put a lot of emphasis on liquid staking, and therefore we can expect new pairs with stONE or just large liquidity on stONE/ONE pair. So eventually you will be able to use your staked ONE as you use normal ONE today.
2. Fira will have its second form sFira (sealed Fira). This means that we may see a mechanic similar to what we saw in DFK - the locked Jewel. Essentially Fira can be expected to be the reward for providing liquidity and then based on when you claim, a portion of your reward will be locked for a period of time (6–12 months?)
3. As of now, we can see 100M Fira tokens minted, but I personally do not think that this is a max supply. For comparison, Jewel has 500M max supply and Tranq has 1B max supply.
   My guesses for Fira max supply:
   1. 500M like Jewel
   2. 750M
   3. 1B like Tranq. That option would make the most sense since the team wants both tokens to be equally important. Any other split would create an imbalance.
4. Token pairs on the new dex (subject to change).
   I watched it closely for the past few days and they change a lot, some come, some go away.

That’s all for this quick update.

I hope it was helpful 😸

👉 Again, I’m working on a larger article, and just waiting for the white paper to release (Friday). When that happens, I’ll do my best to explain everything simply, so you can make better decisions.

💡 The Future

You can expect me to cover everything that involves Defira in the future. From farming through NFT, breeding, to the best strategies.

I’ll be also creating a guild when we finally get that 4x strategy game and can fight with other players. That should also give us an advantage since we know that teaming up will be a crucial part of the game.

If you want to get notified whenever I release an article, make to find these green icons below the article or on the side panel.

Once you click them both they should turn white and look like this 👇

Have a wonderful day and keep learning 👊

You’ve worked really hard to find that one gem that would finally allow you to say “I made it!”…

You’ve joined 100+ Discord channels and you follow 1000+ projects on Twitter. It seems like you are doing everything you can, but it’s all so confusing.

In this article, I’m going to present strong arguments for the new king of Defi gaming.

I’ll do my best to provide some facts, but first, here’s my process.

I always use my key metrics when looking at new projects:

1. The idea. Is it unique or a part of the bigger trend? Can it hold?
2. Execution. This is the key metric, the team is the most important thing. They may lack in marketing but if they execute, you’re onto something. I’ll allow myself to quote one of my inner circle members. “Mediocre product with great execution > great product with mediocre execution”. You will soon find out that in this case, we have both the great product, and the great execution.
3. Total Value Locked. Is it growing? How fast?
4. Is the team growing? More devs, more mods?
5. Social media presence and community engagement.
6. Audits.

If you stick to these metrics, you’ll increase your odds of success. The conviction level will vary from project to project and rarely all criteria will be met, so it will be up to you which bets you take.

THE JUICY PART.

Ok, let’s see how our upcoming king stands against those metrics. We’ll do it in reverse to keep it more interesting.

Audit?

Done with Certik! More audits to come!

Social media presence and community engagement?

Oh boy, this is big. They already have almost 14k followers on Twitter.

They have been one of the most influential projects on Harmony a few weeks ago.

Their discord is over 5k members strong. The community is incredibly passionate and their every post gets hundreds of reactions.

Total value locked

Is it growing? Yes! It had the highest TVL increase last month with over 500 Million TVL at the peak. Even in the sea of red (the whole market falling), 350 Million TVL holds strong.

The Team

Is it growing? Yes, we’ve seen the dev team expanding in size in November. Since then many things happened including a huge announcement in January (which by the way brought a whopping 2,859.85% increase in volume in 24 hours since the news). We do not have official figures about the team just yet, but we know for a fact that the mod and community management team grew, and we can safely assume that more departments were created and therefore more humans hired.

Their communication with the community is at the top level. Incredibly open to suggestions.

Execution

I can safely say that I’m impressed. Everything that this team promised so far, has been delivered way ahead of schedule. I’d say they have a million-dollar work ethic.

They love their community and surprise them often. From feature updates, free airdrops to a radically ambitious roadmap for 2022, all of these bring more value to the community.

The Idea.

Let’s break it down into bite-size pieces.

1. What problems are they trying to solve?
2. What trend or niche are they trying to fill?

Problem #1

Let’s say that DEFI consists of LEGO pieces. Imagine that you’re trying to build a consistent kingdom, but you have some pieces from Knights’ Kingdom, some from Harry Potter series, City series, Ninja, Barbie, and so on. You end up with Harry driving a fire truck, Barbie holding a ninja sword, and a helipad inside your medieval castle 🤯

Defi space right now is a little bit like your LEGO sets. You have many pieces but they do not exactly fit together.

Our new contender will change that and provide all necessary pieces and consistent experience under one hood:

• Dex
• Lending Protocol
• Liquid Staking
• Bridge
• Launchpad
• Yield Optimizer / SSOV
• Insurance

You may already know which project I’m talking about. But read on!

Problem #2

Proof of stake comes with its own set of challenges. One of them is liquidity. Harmony may not have that problem yet, however, if it continues to grow and eventually enter the top 10, it may face those issues. Here’s how it works:

In order for the network to be secure, you need more and more $One to be staked. This can eventually lead to a situation, where most of the coins will be staked and therefore unusable, further making the market illiquid. Fantom network is facing that problem right now.

Well, the answer is already here and it’s called Liquid Staking. It essentially means that you stake your coins ($One) and help secure the network, and at the same time receive a liquid representation (aka. receipt) of your staked tokens, which you can use further in the Defi ecosystem. All of a sudden you hit two birds with one stone. You are staked and you are liquid at the same time.

Problem #3

Token Inflation. It’s not a secret that the high majority of the farming tokens is destined to go to $0 eventually. What’s causing this? Two things: “emissions” and “lack of utility”. The token is being emitted to reward users. If the token had some utility, the user would have a choice to sell or keep it. In most cases, selling is the only option to keep your head above the water.

No one has introduced a proven, long-term solution to this just yet, however, our contender has an interesting idea. They want to mimic the real world and introduce scarce resources for which you will need to compete with other users. That on top of the burning mechanisms sounds interesting to me.

The trend!

Recently the largest trends in crypto are gaming, NFT, and the metaverse. All 3 can be expected to be long term trends, but we shall see 🙂

The project in question fits right into all 3 of these categories. It will be a metaverse game with NFTs, consisting of all Defi LEGO pieces with scarce resources to fight for! Are you excited yet? 😍

Ok, let’s unfold the mystery and introduce our new King.

DEFIRA, a game brought to you by the amazing team behind Tranquil Finance and Mimas Finance.

Now let’s quickly recap the team’s achievements within the last few months to illustrate the level of execution Tranquil Team represents.

• Brought the first Money Market to the Harmony Network.
• Implemented multiple community ideas quickly:
• Locked Tranq.
• Rewards are paid directly in 1WBTC, 1ETH, ONE, stONE, 1USDC, and 1USDT.
• Multiple quality of life improvements.
• Developed stONE (Liquid staking) way ahead of schedule.
• Expanded to the Chronos chain and introduced Mimas Lending Protocol. That wasn’t even on the road map.
• At least one developer is fully doxed, gave a talk on Harmony live event.
• Introduced Defira Metaverse Game as a part of 2022 roadmap.
• Works directly with Li Jiang of the Harmony team to ensure the success of the project.

Now quick recap if you never heard about DEFIRA — A cross-chain Defi metaverse game world

• Multiverse Grand Strategy 4X (abbreviation of Explore, Expand, Exploit, Exterminate) game. Nothing like it exists in crypto just yet.
• NFT heroes with summoning mechanics inspired by Axie Infinity and Defi Kingdoms. Do not worry, it won’t be a copy. They will innovate.
• Make your own story.

• All Defi elements will also be available without the gaming interface. This is incredibly important because not everyone may want to play the game.

SUMMARY

Why do I believe that DEFIRA will be the new King?

• It has a passionate, ambitious team with a million-dollar work ethic.
• It has unique ideas.
• Beautiful 16-bit graphics

• It fits into the long-term narratives and provides real Defi utility.
• It has projects to get inspiration and experience from. This means time and resources are saved.
• The team is very close with their community.
• Tranq token that will be required for critical in-game actions including summoning and breeding heroes has a very small market cap of 16M at the time of writing this.

How can you take advantage of all that?

I can’t tell you what to do. Tranq is incredibly cheap right now.
Let me just leave you with the below graphics.

Note: keep in mind that Jewel has seen a 68% drop in value and now has a market cap of $450M after peaking at over $1B.

Here’s what would happen if Tranq flipped Jewel at its ATH.

We’ll leave it at that for today. I hope you enjoyed the read 👍

👉 Let me know if you’d like me to write another article detailing everything we know about the game so you do not have to waste time on searching depths of the internet 🙂 Upvote and comment below.

Disclaimer.
Nothing in this article is financial advice. These are simply my thoughts and should be treated as education or entertainment.