Decentralized Finance (DeFi) claims to be a new financial ecosystem that would be powered by blockchain while working on cryptography. Yet, there are some reasons for potential investors to doubt all that this financial system stands for.
For example, there is a loophole in terms of the accessibility to DeFi instruments; you will realize that it isn’t all that easy.
For instance, you may not easily obtain crypto loans because you are either not qualified for one or the platform where you wanted to borrow the same doesn’t have any to spare.
It is in light of all those challenges that the broader Kragx ecosystem was launched, with the Kragx Token at the core of the services the ecosystem has to offer.
At the core of all that the Kragx ecosystem stands for is the accessibility that has been missing on other crypto platforms.
So, if you have been looking for ways to be a part of the growing DeFi ecosystem, the Kragx Token is giving you one on a platter.
HOW DOES KRAGX MAKE DEFI ACCESSIBLE?
So, what are the ways or the strategies that the Kragx ecosystem would use to simply the Decentralized Finance (DeFi) ecosystem, as well as making it simpler for you to access the ecosystem?
Here are some of the DeFi accessibility options that I have been able to make out of all that this project has to offer:
1- THE PERMISSION-LESS AUTOMATED MARKET MAKER (AMM)
One of the features I like the most about the Kragx ecosystem is the permission-less Automated Market Maker (AMM).
You will agree that this would be the first time that this model of AMM would be launched in the Decentralized Finance (DeFi) system.
So, what is the reason why Kragx uses permission-less AMM? The reason is not far-fetched from the fact that the existing AMMs have a common problem – the AMMs are usually active in both directions of a trading pair.
The permission-less AMM used by Kragx makes all the difference by integrating the automation that was popularized by the combination of both the custody of algorithms dictating asset trading, as well as the assets being traded on the AMM.
Thus, we can now use this permission-less AMM on Kragx to trade and swap a variety of crypto assets.
This Automated Market Maker (AMM) runs on a perpetual contract and would be utilizing the smart contract technology to automate a preset market maker strategy.
2- YIELD FARMING
The opportunities for DeFi investors using Kragx are unending. One of such is the Yield Farming undertone that empowers you to earn the Kragx Token for participating in the liquidity pool.
The concept is meant to be rewarding to Liquidity Providers (LPs) who do their best to ensure that liquidity is always supplied to the pool as a way of scaling the transactions therein.
You can make money from the Yield Farming undertone of the Kragx liquidity pool in many ways, including:
- Issuing loans or depositing your crypto assets to be borrowed
- Investing in specific crypto assets and
- Staking your crypto assets
FINAL WORDS
Decentralized Finance (DeFi) has come to stay. The continuous success of this disruptive financial model depends on the adoptions and the introduction of newer products as we can see on Kragx so that investors will have more reasons to back the DeFi ecosystem.
USEFUL LINKS
Website: https://kragx.io/
Whitepaper: https://kragx.io/whitepaper.pdf
Telegram: https://t.me/kragx_chat
Twitter: https://twitter.com/kragxk
Instagram: https://www.instagram.com/kragx_/
Reddit: https://www.reddit.com/user/Kragx_
YouTube: https://www.youtube.com/channel/UCQXzubCYqUb6dNMp3NEoW9w
AUTHOR’S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary
Proof: https://bitcointalk.org/index.php?topic=5313790.msg56536649#msg56536649