We combined the best features of traditional crypto trading and real-time portfolio monitoring with the independence and security of DeFi.
Defly Wallet is a highly innovative Algorand wallet. By design, on a deeply technical level, you have ultimate control of your funds. Defly Wallet is non-custodial for both holding and trading assets. You do not have to rely on trust or legal recourse to assure control and ownership of your funds.
At every turn we prioritize security of funds. This is the quintessential quality of a wallet app and we take this very seriously. Defly Wallet app and API servers are independently audited by industry leader Kudelski Security. We also run an Immunefi bug bounty program to incentivize ongoing independent security reviews.
Defly Wallet runs on tech with 4s finality, 100% uptime, full scalability, and a booming ecosystem. Swaps get executed 24/7 in a matter of seconds. Fees are lower by all measures. This, plus full situational awareness of the market with our vPool technology.
"@deflyapp is on another level. Love using their app and saving $ALGO while doing all of my trades. Combo/arb swap in combination with $DEFLY holding means I earn additional $ALGO for any trade I execute"
"Just did my first swap using the beta version of @deflyapp It works like a charm. The amount of love and hard work they put into it it's amazing"
“Using the @deflyapp beta for about 12 hours now. This is exactly what @Algorand needed. App runs so smooth. Shows all of your trades from TM including your returns. I can’t get enough of it.”
"Been using the beta @deflyapp to make some trades this weekend. Exceeded expectations, an absolute game changer for DeFi on @Algorand."
"Take a look at greatness executed perfectly. I don’t know of another app in initial beta that looks ready to go. Lot’s of time and effort has gone into bringing something so pivotal to $algo growth. Love what @deflyapp is bringing to the table for the ecosystem"
"My favorite part about @deflyapp is when the team sends our patch notes with every update. Love the transparency $DEFLY Team!"
$DEFLY is our utility token. It is the backbone for developing the Defly Algorand wallet, expanding the TVL, fees and rewards.
The $DEFLY token (ASA-ID: 470842789) was created on Dec 17, 2021 with a fixed total supply of 1 billion tokens. $DEFLY tokens are used in the fee model of Defly Wallet.
Back in January we launched this project with a token presale. For this we allocated 300M DEFLY and sold out in 2h. These tokens will be unlocked over a period of 5 months starting on April 4, 2022. As promised, we will unlock the first 20% on April 4 and over the course of each following month we will release another 20%. After April 4, we will release tokens on a daily basis for a slow and steady distribution. The exact schedule is 20.09% of the presale tokens on April 4, then 0.655% for every day thereafter until August 4, 2022 (122 days). For details see the DEFLY presale release schedule.
Right when presale tokens unlock we will start our reward programs. Through liquidity mining, yield farming, and staking our early backers will be incentivized to voluntarily keep "locking" their tokens long-term.
The presale ALGO payments were matched 1:1000 with 300M DEFLY to start our DEFLY/ALGO liquidity pool on Tinyman (Jan 19, 2022). With more DEXes coming to Algorand this liquidity will be strategically used to fund swapping pools and keep price impacts to a minimum. As of this writing we have pools on Tinyman, Algofi, and Pact.
This is the budget to fund the development of the Defly Algorand wallet. Initially the team committed to locking these funds for 6 months with a 6 months taper. To further communicate our team's long-term commitment we are happy to announce that we decided to extend this to 12 months (starting January 4, 2023) with a 12 months taper (~0.28% of dev fund per day). This means the earliest these funds will be fully unlocked is January 4, 2024.
The marketing fund is intended for running the various communication channels, both extern and within the ecosystem. We primarily use this for partners and advisors who help us get our message out in an effective and cohesive way. Design work and websites are also funded with this. We generally work with people who have a vested interest and share our long term commitment to holding DEFLY.
Expansion is about increasing the utility of the app and the token. As the Algorand ecosystem grows we may provide liquidity to new use cases out of this fund. This specifically happens when starting new swapping pools on additional DEXes. Similarly to the other funds we focus on uses that do not require us to liquidate any tokens.
The Defly Wallet is an algorand wallet with a large amount of features that allows power users to take control of their trading. It is a self-custodial mobile wallet custom made for DeFi by offering top of the line security, DEX swapping, wallet control, and market navigation…
February 27, 2023
We are currently in serious buidl-mode ramping up for our next big update. It will be all about making Defly a fully qualified Algorand wallet. In the meantime we have announced our first AMA and have answered all the interesting questions right here…
June 1, 2022
In late March we started integrating the HumbleSwap AMM into Defly. We were very excited about this new DEX and pushed hard to have full support in our app. This is when we noticed some curious behavior and, upon further investigation, a vulnerability…
April 26, 2022
At its core, Defly Wallet is a tool for handling digital assets on Algorand. You could say it is a starship to navigate the crypto quadrant, but we digress. More to the point, Defly is an app and a token…
March 17, 2022
Everything you’ve always wanted to know and more.