Greetings to all readers of my crypto blog. Today I would like to talk about the keyTango project. I will tell you the main idea of the project, its features, etc.
DEFI technology has appeared quite recently. It has already become quite popular with users and investors. A lot of private businesses are looking to connect their businesses to blockchain technology. This has many benefits. Likewise, the Covid-19 pandemic has contributed to the adoption of non-cash transactions in many places due to the impact of the pandemic. However, there are still many people who don't even understand how it works. This is one of the main ideas of the keyTango project. keyTango will allow regular users to get started with DEFI.
keyTango is a unique platform where various investors can invest in DeFi technology products (liquidity pools, yield farming).
keyTango platform was designed as a web3 application for humans. Users will be able to easily navigate the website and invest in the various DeFi products and services available. keyTango system will be built in such a way that new users do not have any difficulties in mastering DEFI products.
Also one of the keyTango features is the marketing area. All of this will be implemented in a system that is different from traditional financial systems. Market makers create a lot of liquidity in any financial system. This will allow traders to easily buy and sell DEFI products.
Any user can invest in DEFI projects using Automated Market Maker (AMM). The difference between AMM is that there is no need to involve an individual or a separate company.
Now let's talk a little more about AMM.
AMM is a robot that automatically offers the user actual prices for two assets. A platform like Uniswap uses a simple form of doing this. Curve and Balancer use a more complex form of implementation, however, even they are gaining more popularity among users.
Users can not only trade freely using AMM technologies, but also provide a pool of liquidity for their trading pair. This allows any user to become a market maker on the DEFI exchange and receive a percentage of the commission for providing this liquidity.
AMM technology provides users with the ability to immediately access the liquidity of any digital asset. AMM not only creates movement in previously illiquid markets, but also makes it highly reliable, globally available and not storage-related. AMM does not lead fintech, innovation associated with greater capital efficiency. AMM provides the necessary infrastructure to attract large liquidity investors looking for an opportune moment to connect to DeFi.
Curve Finance is one of the new generic AMM protocols. Curve has pools of liquidity created only by administrators where each user can contribute to these pools. However, they have one big difference: Curve's liquidity pools only support stablecoins (USDT and others). Curve's decision to focus on stablecoins only. This is their feature, not a limitation. By offering liquidity pools only for stablecoins, the exchange can make large transactions due to the concentration of deposits in a limited number of pools.
Information about the project:
Website: https://www.keytango.io/
Bounty BTT: https://bitcointalk.org/index.php?topic=5303123.0
Twitter: https://twitter.com/tangokey
Medium: https://medium.com/keytango
Telegram: https://t.me/keyTango
Discord: https://discord.gg/RgPjgUY
Article author:
PROOF OF REGISTRATION: https://bitcointalk.org/index.php?topic=5303123.msg56146945#msg56146945
Bitcointalk Profile : bitcointalk.org/index.php?action=profile;u=2194188
Bitcointalk name: Ak10
Telegram Username: @Ak10i
MEW: 0x2d0D8E43B155897836BDFdE5a1C0A38f80f6761C