The COVID-19 pandemic has highlighted the possibilities of electronic, decentralized and accessible financial instruments over the past two years.
With its ability to enable peer-to-peer payments and “trustless” exchanges, DeFi offers an efficient financial solution for people looking to reduce transaction speeds and costs.
If you want to get into the DeFi action in July, we recommend checking out Uniglo (GLO), Fantom (FTM), and Avalanche (AVAX).
Uniglo is a new DeFi project that just launched its first presale. This project is aimed at building long-term investments. Uniglo will be an asset-backed community vault that maximizes the upside potential of different assets. As such, it aims to offer a token (GLO) that will generate real growth over the long term.
The protocol will introduce a 10% tax, half of which will go into a treasury to fund the purchase of select digital and digitized assets. More than 15 million GLO tokens will also be destined for liquidity pools.
The first presale phase of Uniglo ends on August 15th. Investors who buy into GLO tokens by then will also receive a 5% bonus.
Fantom is a highly scalable DeFi platform that has quickly become a favorite among developers and investors. Fantom supports many decentralized exchanges and yield farming protocols. It offers opportunities for investing, short-term trading, staking and yield farming.
The total value locked to the DeFi projects (TVL) currently exceeds $824 million, marking an increase from the previous month’s TVL. The platform will also continue to expand with new DeFi tools and opportunities, making it an exciting project to be a part of in July.
Avalanche is a smart contract platform that is said to enable blazingly fast transactions. Some of the DeFi solutions it offers include lending, borrowing, derivatives trading, and wealth management, among others.
This platform is often called the Ethereum killer because it has a rate of 4,500 transactions per second (TPS) – Ethereum clocks in at just 14 TPS. With a mainnet faster and cheaper than Ethereum, many developers are migrating their DeFi projects to Avalanche, regardless of Ethereum 2.0 upgrades. Analysts therefore call Avalanche one of the most notable DeFi platforms at the moment.
The bottom line
The DeFi industry is on the rise and will revolutionize both blockchain technology and the financial services industry. If you want to understand the benefits and opportunities that the DeFi sector offers, you should start with the above three expert-chosen projects.
Learn more here:
Participation in advance sales: https://presale.uniglo.io/register