vFINIX

FINIX long-term staking features

What is vFINIX

vFINIX stands for voting FINIX, it is the privilege token issue by Definix. The objective of vFINIX is to increase the utility of FINIX for all the users across the platform by providing the privilege to its holder and making Definix become a truly decentralized protocol.‌‌‌

Utility of vFINIX

‌Decentralized Voting System

The holder will be a part of the ecosystem of Definix. They earn the right to vote for ecosystem fee distribution when they stake vFINIX in the voting pool. vFINIX represents voting power for its holder.

Liquidity Providing Fee Voting

The holder can vote for the pool that they prefer to get a liquidity provider fee. When the users vote for the pool, vFINIX will be locked in the voting pool in exchange the users will obtain LP for this activity. The users can boost the voting power by increasing the lock period of the vote to earn more. As a result, the holder can enjoy earning extra rewards from his/her vote power.

Ecosystem Voting(Coming soon)

The voting power of vFINIX plays a major role to navigate the ecosystem direction. vFINIX involves a voting function for further features coming in the future in the ecosystem. The vFINIX will be involved with decentralized voting in platforms including FINIX emission rate, allocation adjustment, pair selection, asset selection for rebalancing farms, and etc.

Rebalancing Farm Privilege(Coming soon)

The Rebalancing Farm performance is quite outstanding in the market status quo. Moreover, the Rebalancing Farm also performs better than normal farms because it reduces the risk of investment when the market goes unexpectedly.‌ We designed vFINIX to accommodate the investment in the current Rebalancing Farm and the new version to be released. The holder can invest in Rebalancing Farm with the privilege discount when they hold vFINIX. vFINIX can help the users to discount the fee collected by Definix and invest with less friction.‌

Reward from Pot(Coming soon)

vFINIX holders will receive an extra fee from Reward Pot. The Reward Pot is the extra reward pool that every participant has a chance to win based on the number of assets they staked. The price pot will be equivalent to the value of the total asset staked. vFINIX holders are able to select parts of this fee.

Exclusive Partnership Service(Coming soon)

Definix is currently developing a lot of exclusive partnerships with many DeFi developers such as Loremborad (portfolio management), D’cent (hardware, software wallet), Klaytn, and etc. With those partnerships we are trying to expand the use of vFINIX for their services.