Question 1

DeversiFi: Withdrawing Tokens

Accepted Answer

Withdrawing Tokens

Withdrawing Tokens From DeversiFi

DeversiFi settles zero-knowledge cryptographic proofs of DeversiFi trading activity according to a fixed schedule every 3 hours starting at 00:30 UTC.

This means that the maximum duration that you may have to wait for a withdrawal once it is initiated is three hours.

Withdrawals initiated before the countdown timer on the DeversiFi withdrawal widget will be processed in the next batch. A batch takes about 10 minutes to be settled once the countdown timer ends

For added security reasons, you are only able to withdraw tokens from your DeversiFi trading account back to the wallet that you deposited from.

Background

DeversiFi uses a type of cryptography called STARKs to prove and verify trading activity on DeversiFi in a trustless manner. This means that trading on DeversiFi is self-custodial. DeversiFi cannot take possession of customer funds and in the unlikely scenario where DeversiFi were to go offline, traders can activate an ‘escape hatch’ via the Data Availability Committee to retrieve their funds.

Trades are signed and submitted off-chain, allowing traders’ off-chain balances to be updated instantaneously after each trade. When enough time has passed, a proof of the new DeversiFi state balance is submitted for settlement on the Ethereum blockchain and is verified by the Data Availability Com

Question 2

DeversiFi: Nectar Distribution and Allocation

Accepted Answer

Nectar Distribution and Allocation

On the 27th March 2020, DeversiFi burned 400,000,000 NEC tokens (US $20m), removing them from circulating supply, symbolising the move from the Nectar 1.0 inflationary model to the Nectar 2.0 deflationary tokenomics model,

Approximate breakdown of NEC distribution as of the 18th November 2020:

**Total Supply 618,133,330 **
Bitfinex Unvested/Locked: 246,710,039 - 0x2fe43a28ad82a7fc5422ab8e9ea4efdeb1655f41
DeversiFi Unvested/Locked: 67,810,617.65 - 0xfceb04c697a7708776c3936760ae256eb92046f5
Beehive Liquidity Mining Rewards: 10,000,000 - 0x346554d48b7ffcdf219346b0897f2336d9da39fe
EARN Insurance: 11,326,832 - 0x520cf70a2d0b3dfb7386a2bc9f800321f62a5c3a
Bitfinex: 51,677,510.60 - 0x567b2dd0fb4e9381d0752d2bf0b7f7f9e01af47d"
Circulating: 230,608,331

*Note: various token listing sites such as CoinMarketCap show a slightly different circulating supply than we describe above. This is due to their rubric for calculating available supply and locked supply.

We do not consider tokens that are held in vesting or staking contracts, privately allocated to long term investors or put away for future use (marketing, bounty programs, ecosystem development etc) as part of circulating supply. This is regardless of whether the tokens are "unlocked", able to be traded, or will be distributed

Question 3

DeversiFi: Learn how OTC trading works

Accepted Answer

Learn how OTC trading works

The new OTC feature now available on DeversiFi unlocks a whole new way to trade tokens while giving you additional flexibility when working with the exchange.

Orders created via DeversiFi OTC have the advantage of not being shared on the regular exchange orderbook. DeversiFi OTC generates a unique “taker” URL that can be shared with your trading partner, allowing them to become the exclusive taker of your trade.

The feature allows you to swap any ERC-20 compliant token, including those which are not currently listed on DeversiFi with fees being as low as 0.02 %.

We’ve kept the process simple:

Select the token you would like to deposit and its amount.
Specify which token you would like to receive and its amount as well.
Token then gets locked into the trade and a unique URL gets generated.
Share this URL with your trade partner.
Once your trading partner accepts the trade, the order gets settled and you receive the tokens you’ve specified when setting up the trade, while your partner receives the token you’ve locked in.

You can cancel the order and unlock your tokens anytime before the order gets executed

DeversiFi OTC is a valuable tool for those looking to swap larger amounts of tokens in a single trade. Executing such a trade on a regular exchange could cause a big swing in the ticker price, potentially costing the user a significant amount of money, not to mention the possibility

Question 4

DeversiFi: What is DeversiFi

Accepted Answer

What is DeversiFi

About DeversiFi

DeversiFi is the technological culmination of several years of decentralised exchange development. Initially incubated by industry-leading exchange Bitfinex (now fully independent) the DeversiFi team experimented with and developed innovative solutions solving a number of crucial problems faced by decentralised exchanges with the end-goal of building a non-custodial exchange suitable for serious, professional traders — frequent day traders, algorithmic funds and arbitrage traders — while offering a speed and security advantage over existing centralised venues. In short, to deliver all the important pillars of profitable trading with all the advantage of self-custody.

DeversiFi is an extremely fast, deeply liquid and private non-custodial trading portal built on Ethereum, harnessing StarkWare’s Layer-2 scaling technology (ZK-Rollup/Validium). DeversiFi provides high-speed API and UI access to some of the the industries deepest order-books, allowing for 9000+ transactions per second, privacy-by-default, competitive fees, and withdrawal-certainty meaning you are always in full control of your assets and can move in and out at speed. All with next to no counter-party risk.

Additionally, DeversiFi traders can use DeversiFi’s deflationary Nectar token to enjoy extra fee discounts (on top of volume-based discounts), as well as membership in one of the largest DAOs ever built — Nectar DAO — to help govern the future of Nectar

Question 5

DeversiFi: Nectar Token FAQ

Accepted Answer

Nectar Token FAQ

Can I buy/sell Nectar (NEC) tokens?

Nectar tokens are available for trading on an open market, in a similar manner to all other ERC20 tokens trading on DeversiFi.

For more information on how to buy and sell Nectar, please refer to our guides on how to connect and deposit tokens on DeversiFi

Where Can I find out More About Nectar?

More information about Nectar is available at the Nectar Community Website www.nectar.community including:

NEC Whitepaper 2.0
Weekly buy-and-burn auctions
DeversiFi trading volume details
necDAO reputation claim and participation

Is the Nectar token an ERC20 token?

The Nectar token is an Ethereum ERC20 token (see here). This means that it will be possible to view the tokens and transfer them to and from any Ethereum based wallet or application which has support for ERC20.

What is the total & circulating supply of Nectar?

Total and circulating supply details can be found here

Can US individuals trade Nectar tokens?

US individuals are unfortunately not able to trade Nectar (NEC).

When was the final NEC distribution:

The final NEC distribution took place on the 9th of August, 2019.

Question 6

DeversiFi: TWAP (Time Weighted Average Price)

Accepted Answer

TWAP (Time Weighted Average Price)

A time-weighted average price order (TWAP) allows you to execute a large order over a period of time by splitting it into a series of small trades placed at regular intervals.

The app.deversifi.com screen must be kept open in order for the TWAP to run. Moving to another tab in your browser will not prevent the order from being executed, but closing the tab or browser will prevent order execution. So it is important to keep your browser open and running!

You can choose between a limit order or a market order:

For limit buy orders, each of your orders will be placed at the best offer price provided that it is within the Min bid and the Max bid specified in the order form
For limit sell orders, each of your orders will be placed at the best bid price provided that it is within the Min offer and the Max offer specified in the order form
For market buy orders, the orders are filled at market price within the smaller of a) 10% last price b) within your Min bid and Max bid specified in the order form
For market sell orders, the orders are filled at market price within the smaller of a) 10% last price b) within your Min offer and Max offer specified in the order form

*Please note that for market buy orders, 90% of your order quantity will be filled due to the non-cust

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