Pacific DeFi — Weekly Report: August 21–28

Current Weekly Summary:

  1. Continue to work with a UX/UI specialist to design the framework of the Pacific DeFi platform. App Homepage initial UX/UI design has been completed. The designer is now working on the PACIFIC and PACIFIC-BNB LP liquidity pool designs — this is now 90% completed
  2. Next on UX/UI agenda: High-yield vaults and swap & trade functions
  3. Working with a well-established developer for our current smart contract needs. The quote has been agreed and payment made to begin development. Contract auditing, contract vesting, staking and LP contracts development will kick-off this week and will continue throughout the month post-IDO. Lastly, front-end integration with the UX/UI of the App Homepage and Liquidity Pools will also be implemented and developed
  4. The PACIFIC token will launch on the BSC, with a bridge connecting BSC to the KuCoin Community Chain (KCC) so that users on the KCC can also access and trade the token via the KCCSwap DEX. The team will most likely develop a new token on the KCC with its own separate supply. Since the KCC is interoperable with the BSC and Ethereum blockchains, there should not be any issues with the bridging. We have selected the KCC based on the following: (1) interoperable with both BSC and Ethereum chains, (2) less-crowded space with first mover advantages, (3) low-transaction costs and (4) contributes to the healthy growth of a new ecosystem
  1. No major marketing efforts have been made yet, but there will be a few press releases coming out in the next week or two about our launch and what to expect from the Pacific DeFi platform going forward
  2. We are working with Off Brand (https://www.itsoffbrand.com) for our new website design , which will be released in the next two weeks. The whitepaper has also been updated, with the latest version now released on our website
  1. The team will operate two pools for the liquidity mining process: PACIFIC and PACIFIC-BNB. The liquidity mining period will be 1-year, with 30% of PACIFIC’s supply being distributed to the LPs
  2. Product focus is on high-yield fixed income vaults via auto-staking strategies for stablecoin and non-stablecoin deposits. These single token deposits allow for users to generate yields across high-grade DeFi protocols on the BSC, ETH, Polygon and Solana ecosystems
  3. A ‘Lending’ feature so users can deposit stablecoins and earn yield will also be developed. These stablecoins will be lent out in the high-yield vaults to generate higher stablecoin yields and increase leverage for non-stablecoin deposits (e.g. BNB)
  4. Structured products on BNB and ETH are in the pipeline, where users can generate automatic yield from option premium selling via short-term options
  5. The team will also focus on building it’s own proprietary DEX/AMM and develop a launchpad to invest and help new exciting projects alongside our ecosystem partners and backers
  1. Private sale has been completed
  2. The team will raise 400k USD via an IDO on the 17th September 2021

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Contact us:

Official email address: info@pacific-defi.com

Pacific DeFi is a financial eco-system offering the best stablecoin and altcoin yields in #DeFi