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Explore our frequently asked questions (FAQ) section and find answers to common queries about using DeversiFi.
DeversiFi: How does DeversiFi differ to Kyber or Uniswap?
How does DeversiFi differ to Kyber or Uniswap? DeversiFi operates differently than purely on-chain exchanges. Protocols such as Kyber and Uniswap operate completely on the Ethereum blockchain. Order books are broadcast on chain and traders can take an order by submitting a transaction. The tokens are swapped atomically (meaning both sending and receiving must happen at the same time). This fully on chain system has certain benefits: It cannot be shut down or censored
DeversiFi: What is the purpose of the Data Availability Committee?
What is the purpose of the Data Availability Committee? Why is the Data Availability Committee needed? Privacy is key to trading. In addition to being slow, existing decentralised exchanges make all trades visible, however professional traders want to protect their trading activity and proprietary trading strategies from competitors and public view. Privacy will be a key requirement for decentralised exchanges to gain traction with this audience moving forward. In order to
DeversiFi: What is ERC20?
What is ERC20? ERC20 refers to the Ethereum token standard, which is used for developing smart contracts on Ethereum. Developed in 2015, ERC20 defines a common set of rules that an Ethereum token has to follow and implement in order to interact with other tokens in the ecosystem, giving developers the ability to program useful new tokens. The ERC20 standard ensures that Ethereum based tokens perform in a predictable way throughout the ecosystem, ensuring that decentralised application
What is Public Key Encryption?
Public key encryption, or public key cryptography, is a method of encrypting data with two different keys and making one of the keys, the public key, available for anyone to use. The other key is known as the private key. Data encrypted with the public key can only be decrypted with the private key, and data encrypted with the private key can only be decrypted with the public key.
DeversiFi: What is Ethereum?
What is Ethereum? Ethereum is a decentralised platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third-party interference. These apps (also known as Dapps) run on a custom-built blockchain - an enormously powerful globally shared infrastructure that can move value around and represent the ownership of property. This enables developers to create markets, store registries of debts or promises, move fun
What are the contract address of DVF and xDVF?
What are the contract address of DVF and xDVF? The DVF and xDVF contract address are as as follows; DVF - 0xdddddd4301a082e62e84e43f474f044423921918 xDVF (Staked DVF) - 0xdddd0e38d30dd29c683033fa0132f868597763ab
How to Earn DeFi Yield On DeversiFi
When you use the Invest section on DeversiFi you are purchasing liquidity provider tokens which represent lending positions in various DeFi protocols For example, when you supply USDT to the cUSDT product in the Invest section on app.deversifi.com, you are effectively lending your UDDT to the Compound Finance protocol on Ethereum. In return for lending your USDT, you receive cUSDT tokens in your DeversiFi account The way this works in practice is that DeversiFi Labs, the operator of the Deve
DeversiFi Trader Rewards Program
Read about our Rewards Program on our blog.
AnchorUST (AUST) Please review the risk warning at the bottom of this article and please do your own research before using the DeversiFi AUST Invest product AUST Overview The AUST token is the yield earning liquidity provider token of the Anchor protocol. The Anchor protocol allows users to supply Terra stablecoins (UST) to the Anchor Protocol Earn product to receive AUST AUST holders receive yield that is derived from two main sources. Anchor protocol money market borrowers stake
What Is the Most Secure Way to Connect To DeversiFi?
What Is the Most Secure Way to Connect To DeversiFi? Please note, this article is meant only as an overview guide, and should not be considered an endorsement of any individual wallet, or meant taken as any sort of crypto/wallet security advice. Please make sure to conduct your own research and make sure that you are comfortable holding custody of your own assets in the wallet of your choice before using DeversiFi, as well as making sure you understand how the DeversiFi Layer 2 operates. Yo
DeversiFi Reward Programs
Read about out Rewards Program on our blog
Why is My Wallet Quoting An Incredibly High Gas Price To Deposit?
What to do if your Metamask or Ledger is quoting a very high gas price when you try and deposit to DeversiFi TLDR - Nine times out of ten, you do not have enough ETH in your on-chain wallet, even if the eventual gas cost of the deposit will be much lower When you deposit to DeversiFi you are interacting with a smart contract not just making a simple token transfer to another address Wallets are notoriously bad at estimating the gas cost of interacting with a smart contract and so al
DeversiFi AMM Liquidity Provider Rewards
For more information on the DeversiFi AMM Liquidity Provider liquidity mining program, please see the following blog post
Beehive Rewards Claim Process
Beehive Rewards Claim Process The DeversiFi Beehive rewards program ran between November 2020 to December 2021. NEC LPs who provided NEC & ETH liquidity to a Balancer pool were rewarded with NEC tokens that were locked for 12 months. During 2021, gas prices have skyrocketed. Therefore the NEC community voted to claim & distribute the NEC rewards from the Beehive vesting contracts as ETH in one transaction. You can read the full proposal here: https://alchemy.daostack.io/dao/0xe56b4d8d42
How to fix an ETH STARKKEY NOT MATCHED error
ETH STARKKEY NOT MATCHED You can resolve an ETH STARKKEY NOT MATCHED error using the following steps: Note, these steps are for accounts that registered on DeversiFi after May 2021. if you first connected & used your address with DeversiFi prior to May 2021 then it is best to reach out to DeversiFi customer support so that the support team can check to make sure the following steps will still work for your account. Clear your browser cache Close your browser entirely (completely e
Staked MATIC (stMATIC)
Staked MATIC (stMATIC) Please review the risk warning at the bottom of this article and please do your own research before using the DeversiFi stMATIC Invest product Staked MATIC Overview The Polygon Network (POS) operates what is known as a proof-of-stake consensus mechanism to secure it's Ethereum side-chain. Anyone who has MATIC tokens can stake those tokens to run validators, which in-turn process network transactions in return f
Staked ETH (stETH)
Staked ETH (stETH) Please review the risk warning at the bottom of this article and please do your own research before using the DeversiFi stETH Invest product Staked ETH Overview Ethereum is moving towards a proof-of-stake consensus mechanism called Ethereum 2.0, where anyone can use their ETH to help run network validators that earn a share of inflation rewards. ETH stakes will also earn a share of Ethereum network transaction fees after an event called [The Merge](https://ethereum.
AUST Market Temporarily Disabled
Supplying and removing USDT to/from the AUST opportunity on the DeversiFi Invest section is currently temporarily disabled due to the UST peg deviation. At the time of writing UST has deviated to 0.90 UST per USD, from its target price of 1:1 If you would like to trade aUST elsewhere, you can initiate a regular withdrawal of aUST from DeversiFi to the Ethereum network by changing the option in the DeversiFi withdrawal widget in the 'advanced options' section. For more information regarding
Leveraged Staked ETH (icETH)
Leveraged Staked ETH (icETH) Please review the risk warning at the bottom of this article and please do your own research before investing icETH via the DeversiFi platform icETH Overview Index Compounding ETH (icETH) is an Index Coop product that aims to provide exposure to a leveraged long liquid staked ETH position that targets a leverage ratio of a 3.1 multiple of the standard underlying staked ETH yield. https://indexcoop.com/blog/introducing-the-interest-compounding-eth-index