The rise of blockchain technology in 2008 with Bitcoin is now slowly and steadily proving its worth with peer to peer transactions with safety & privacy. Now there is no need of third party involvement and also the mode of transactions is very fast. With the further growth of blockchain technology, many new cryptocurrencies and blockchains come into existence since the growth of technology always sneaks the possibilities of developing the much convenient and handy platform which take cares of user satisfaction and providing best available mode for fast, secure transactions using least intervention of third party involvements.
Current era is Decentralized Finance (DeFi) era in crypto. DeFi is gaining momentum and is in trend. DeFi make platforms more secure, more resistant to manipulation, accessible for anyone, and transparent. The most popular use of DeFi is for borrowing and lending, allowing users to put their crypto assets to work to earn interest. But as usual when a concept is growing fast then it must improve & evolve itself to keep its growth graph stable and steady.
About Smarts Finance
Since the concept of crypto is recognized and accepted by a big number of users, Now there are huge amount of transactions are going on with the involvement of more and more people who believe and use the concept to earn. No doubt many of the users are earning handsome income and always look forward to get the solid platform which is user friendly and help people to earn more in a safe and secure ecosystem.The rise of DeFi has opened the new doors to earn even of your assets which are lying dull in your wallets. That looks cool that the assets you hold can now generate interest income for you. Smart Finance is such an innovative protocol which provides its users the best platform where the owner of the assets who want to lend gets approach to the borrower who wanna borrow the assets. And thus the owner of the assets gets extra income in terms of interest by lending the assets to the borrowers. Smarts Finance covers the gap between the lenders and borrowers and provides its users the best way out to lend /borrow the assets.
As the crypto trend is on boom so no doubt that most of us who has well understanding of crypto potential, always try to grab the stuff which looks promising as as such we have some good lots of assets lying inactive in our wallets. Now the problem is that even though the blockchain technology is much safe and secure but when we stuck with too much of inactive holdings that always pinch. Thanks to the Smarts Finance protocol, which is really smart enough and provides the best ecosystem which gives us the confidence to earn interest of our holdings in crypto by meeting the needed borrowers who are in search of borrowing assets and in return will give handsome interest to the lenders.
Lending a crypto assets as it seems pretty easy is a tedious job, It is a sophisticated term as we don't know much about the borrowers and always neglect the facility of earning the interest on our holdings because of the risk involved.In such scenario, the project like Smarts Finance is really boon to the crypto enthusiasts since they can freely use this platform and take advantage of this truly leading frontier for DeFi services and Governance system.
Best DeFi ecosystem and its Features
Smarts Finance is an innovative DeFi platform proposing the use of blockchain technology which seeks to take advantage of economic opportunities, autonomous investment is made for necessities or purposes of stability or security. Also The lines between high-yield earning options and money market opportunities are increasingly blurred, and the Smarts Finance platform allow you to compare both money market opportunities and high yield earning via high interest to ensure you're picking the best product for you.
The Features of this innovative platform are as:
Community-centric approach
Smart Finance protocol uses the community centric approach which gives the confidence and best options to deal with each other. We know the term community itself gives the big relaxation while dealing especially in finance. Since in crypto we have no such base where we can trust the others while dealing in financial terms so there is always risk involved. The project Smart Finance thinks the contrary and it works with community centric approach. This platform works on the idea of creating Group which is A collection of individuals who have regular contact and frequent interaction, mutual influence, common feeling of camaraderie, and who work together to achieve a common set of goals. Thus creating Community : A social group of any size whose members gravitate to a specific locality or interest; or share governance, and especially share common cultural features.
Sustainable
The Smarts finance platform works on the protocol as A lending model that incentivizes both suppliers and borrowers. The token model, its distribution, and vesting schedule feature logical techniques that ensure good sustainability of the system. This platforms allow people to lend or borrow funds from others, speculate on price movements on a range of assets using derivatives, trade cryptocurrency, insure against risks, and earn interest in a savings-like account. This innovative platform is combining a variety of defi products and solutions, under a unified ecosystem, enabling consumers to execute financial activities in a safe, secure and cost effective way.
Adaptive
By injecting cross-chain assets to provide liquidity for Token swap, users can obtain multiple benefits not only the income of participating in DeFi activities but also the income of TP tokens for liquid mining. That is, users can inject cross-chain assets into liquidity and carry out TP liquidity mining simultaneously. This is a user friendly platform which provides its users many opportunities to earn like Staking, Lending,Yield Farming. This platform allow users to put their crypto down as collateral and borrow fiat at a ratio. Interest rates for cryptocurrencies incentivize users to loan out their crypto assets because users can earn a higher return lending their assets than they can by storing them.
Staking feature
Staking just means keeping funds in a suitable wallet. This enables essentially anyone to perform various network functions in return for staking rewards. Staking within the context of cryptocurrency is when an individual holds crypto coins in a digital wallet for a particular length of time to support the security and operations of a blockchain. The amount of interest earned via staking depends on market conditions and the length of time owned.
It may also include adding funds to a staking pool. Smarts staking process adopts a two directives and pools.
The first pool will be allotted 27% of SMAT staking incentives with a cap amount that will be released when this goes live. The second pool reward distribution will take the remaining 23% portion with a cap level. Stakeentry fee is 0.1% and stake exit fee is 0.2%. The minimum stake lockup is 7 days.
Cheap to use
We are seeing that the transaction costs are increasing day by day and it directly hits the earned profit which in turn demoralize the users and make it difficult to transact regularly. The project smarts Finance provides the solution as this platform is cost effective and cheap to use. In This platform, Distributed gas cost helps minimize transaction costs with the help of its liquidity pooling function.
Transparency
Smarts Fiance is is the best pick in the recent time because of its user friendly nature and transparency factor which is highly appreciated by the users. When every thing is open and accessible to the users then it creates such a platform which create mutual trust and generates the new possibilities to earn more in DeFi ecosystem. Smarts Finance is an Open and transparent governance system. What ever is going on and what steps/decisions are taken by the officials, the users are well aware of that. This gives the comfort to the user that they work freely and took the best possible opportunity for themselves. The biggest threat called corruption can not exist when there is transparency in the system and guess what The project Smarts finance is well equipped with this solid factor of transparency. Transparency is the basis of good governance and the first step in fighting corruption.
Liquidity mining
The concept of yield farming is very interesting and profitable for those who know its potential. It is the best tool to earn passive income of the assets which are not active and lying dull in your wallets. When someone lends their crypto assets to a borrow/lend protocol, then they are providing liquidity. In return the liquidity providers earn commission on the trades they facilitate. The commission is paid out in the same tokens they are providing.Yield farming, also called liquidity mining, is when liquidity providers earn a third token, in addition to their commission. This third token is the currency of the borrow/lend protocol, and often confers certain rights to the holders, for example voting rights on protocol changes. This token is exchangeable for other tokens / digital currencies, so it has monetary value.
Smarts will allow farming via liquidity mining practice. In Smarts Finance the Liquidity provider has wide opportunities to select the pool which is best fitted to earn more. In addition to the the SMAT/ETH pool,this protocol proposes additional pools features the ETH, WBTC, and Stablecoins markets to allow for less risky and safe mining activities.
Liquidity providers (LP) will be able to earn passive rewards on their locked tokens. 40% of the total pool set aside for governance token distribution and rewards will be assigned to LPs (20% will be for staking incentives, 40% for lending rewards).
SMAT
SMAT is the ticker of the token of Smarts Finance Platform. SMAT has Max. total supply of 1,000,000 and Total supply is 550,000. SMAT is an ERC-20 compliant token
Holders of SMAT will be able to make changes to the governance of the protocol by proposing and voting for proposals. SMAT has its usecase as the liquidity providers will be rewarded with SMAT.
Holders of SMAT will be able to perform the following role in governance:
• Change a market or service interest rate
• Propose listing of a new token market
• Redefine reward structure and their distribution
• Propose contract terms or update oracles
Smarts Token Distribution
45% of SMAT supply is reserved for Staking, Lending and Governance
25% is fixed for Sales
5% is allocated for Partnerships, Ecosystem & Exchange Listing
Project Reserve - 15%
Team is holding 10% of SMAT supply
Roadmap
Check the well managed Roadmap of Smarts Finance to get an idea regarding on going successful journey of this unique & promising platform which is backed by hardworking and innovative team.
Conclusion
This is an innovative Blockchain based project that seeks to offer users a platform that possesses the full Blockchain features to power a truly world decentralized economy. It is an advanced cryptocurrency asset designed with the aim of meeting the user’s everyday need. The rise of such a promising and unique project like Smarts Finance is necessary and helpful for traders and investors to get maximum of their assets. When the user get access to the innovative platform of Smarts finance which is loaded with best elements like safety, security, transparency. Mining. yield farming, lending/borrowing then it is obvious it will get high attention and will be widely accepted.Join this revolutionary platform and stay at forefront of the future technological innovations.
Social links
Website: https://smarts.finance/
Twitter: https://twitter.com/Smarts_finance
Telegram: https://t.me/smartsfinance
Medium: https://smartsfinance.medium.com/
YouTube: https://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw
Author
Bitcointalk username: aksh2596
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