One of the biggest gainers today was the Inverse Finance token (INV), up almost 40%. But just what is Inverse Finance and should you consider looking at bringing it in to your portfolio?

Well, Inverse Finance provides a multitude of defi products. It seems to be quite a pioneer in the realm of advance lending protocols and in fact it is one of the early concepts which enables investors to generate yields on stablecoins which then, through automated mechanisms, invests those yields in other cryptocurrencies.

The developers who have created the Inverse Finance concept claim it has the ability to be a decentralised global central bank, which in some ways appears to be a contradiction. We are not fans of any type of centralised finance here at ACOM, in fact most people who are in the cryptosphere are here in search of money that is decentralised. However, Inverse Finance claims it can help to alleviate crypto risk exposure.

It's an interesting project for sure and it does continue to enjoy significant adoption. Today's performance is testament to that.

Relevant Data

• Up 30% in the last 24 hours with a current price of $295 per token.
• 24 hour trading volume $5.1m, up 123%.
• Market Cap $25.1m
• Recent high on 18/10/21 with $1451.53 per token.

Remember that publications should not be interpreted as financial advice, you should always do your own research and analysis before investing.

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