EFT can be used to govern the ecosystem development, provide liquidity to Uswap to farm UME, and finally the eclipcity ecosystem makes a profit from each service deployed, currently 10% of the profits generated to the ecosystem will be placed into farming pools for EFT holders. Due to its governance model, these can technically be changed by consensus at any time.
EFT is the proprietary governance token over eclipcity ecosystem, an aggregator platform for decentralized finance (DeFi) investors on the TRON network, using automation to allow them to maximize profits from services such as decentralized exchanges (DEX) yield farming, NFTs and much more
Its goal is to simplify the ever-expanding DeFi space for investors who are not technically minded or who wish to interact in a less committal manner than serious traders.
Launching the foundation of the ecosystem, Uswap DEX and it´s proprietary governance token UME through yield-farming in November 2020, the service has seen huge growth in recent months as new products debuted and developers released in-house token EFT in January 2021
eft.finance has set out to simplify DeFi investment and activities such as liquidity providing to DEX, yield farming and NFTs for the broader investor sector.
The platform makes use of various bespoke tools and services to generate income through DEFI protocols with the highest possible security and yield on the TRON network
New features continue to be rolled out, these aiming, among other things, to help preserve the long-term value of the platform.
EFT can be used to govern the ecosystem development, provide liquidity to Uswap to farm UME, and finally the eclipcity ecosystem makes a profit from each service deployed, currently 10% of the profits generated to the ecosystem will be placed into farming pools for EFT holders. Due to its governance model, these can technically be changed by consensus at any time.
The target market for EFT.finance is investors who do not have the time to study the increasingly complex DeFi phenomenon from scratch, or who wish to optimize their returns.
Eclipcity in-house token EFT has a fixed supply of 55,000 coins. There was no premine upon launch in Jan 2021, and developers did not receive any starting funds: the liquidity supply provided at launch was 5000 EFT on Uswap DEX for listing.
Since then, the entire 55,000 EFT has been farmed by liquidity providers to Uswap and entered circulation, the yield-farming of EFT has ended and no more EFT will enter the market, ever.
Users / holders of eft.finance earn UME through providing liquidity, while token holdings dictate governance privileges and farming possibilities in solo pools holding potential profits generated from the eclipcity ecosystem.
EFT is a freely-tradable token, with pairs for cryptocurrencies, stablecoins and fiat currencies all widely available.
Major exchanges trading EFT include but not limited to HotBit, ProBit, CoinsBit, XT and Dsdaq, as well as automated market maker (AMM) Uswap, and Justswap.