In recent times, there has been a boost for the DeFi industry, seeing as it has brought about a lot of innovations that is rapidly changing the crypto industry. The Industry has experienced an explosive growth from about $513 million in total locked value (TVL) in 2019 to a total USD value locked in DeFi which stood at $690.9 million on Jan. 1, 2020 and has now risen to about $11.73 billion. DeFi has created a new ground for an accessible financial system. So that anyone with a smartphone or PC can now take out a loan, access leverage, or invest in derivatives with ease.
DeFi platforms adopts the decentralized nature of blockchain technology to offer cryptocurrency users all over the world a transparent and better governance system, and a sustainable and profitable reward mechanism, to show accountability and remove the need for trust.
Although some DeFi platform has fallen from their glory due to the fast growing of scam projects, lack of transperancy, lack of good user experience and customer service. All these has contributed to making some investors stay clear of investing I'm DeFi platforms. Fortunately for the DeFi industry, a reliable DeFi system has emerged.
SMARTS FINANCE - AN UNBEATABLE DEFI SYSTEM
The name smarts has already given out much about the platform, as a DeFi platform that has integrated the power of Blockchain technology to provide its users with an autonomous, decentralized, fair, secured, and a flexible platform where they can enjoy different DeFi services with ease, all on one system (Smarts Finance).
Smarts Finance is a DeFi platform that has come to bring the lost glory of decentralized finance by adopting an operation mechanism that will tackle the issues of Governance, lack of transparency, sustainability, incentives, and a lot more.
DeFi services offered by smarts finance are; Decentralized Governance, Lending and Borrowing to make funds ready for people who need it, and provide a medium through which users can earn from their assets, Staking to reward users with staking rewards, mining and yeild farming.
All these services has been made 100% Decentralized by Smarts Finance, so as to ensure that its users get not just a great user experience, but a profitable one as well.
WHAT MAKES SMARTS FINANCE SUPERIOR?
Smarts Finance has integrated it's platform with the following features which will make the platform thrive in the midst of its competitors. These features are;
Distributed Gas Fee: Smart Finance brings to play a distributed gas fee system, which will help minimize the cost of transferring tokens since distribution will use a liquidity pooling function.
Double Incentive: Smarts Finance offers its users a double incentive reward where it's users will earn SMAT and a liquidity mining and governance token for their contributions to the system.
High APY: Smarts Finance offers the crypto community a lock-up liquidity mining model with high yield, APY and sustainable characteristics.
Smarts Staking: This great system also offers its users an opportunity to earn more by staking the SMAT token, to get them amazing returns, as it has a very high APY.
Smarts Lending and Borrowing: The smarts Lending and Borrowing works in such a way that the lending model is incentive for both the suppliers and borrower and it's built on infinite possibilities, just to make sure that users get exactly what they need.
Smarts Finance has also optimizes its liquidity routing to the latest strategy that will attract more investors and benefit the community.
SMAT TOKEN
Seeing the importance of a digital currency to every system, Smart Finance has minted its own cryptocurrency called the SMAT token.
It is an ERC-20 token that was developed on the Ethereum Blockchain, to allow for the seamless transactions on the system.
The SMAT token is also used to reward users of the Smart Finance platform for their activities on the system.
CONCLUSION
Decentralized Finance has really changed the way crypto users are benefiting from cryptocurrency, by giving them more ways to earn crypto but the advent of hoodlums in the crypto space has made this difficult for the community.
But the light at the end of the tunnel lies with Smarts Finance; A platform that will enable full decentralization and completely eradicate the need for trust while offering its users services that will make them earn more profitable income.
USEFUL LINKS
Website : https://smarts.finance/
Twitter : https://twitter.com/Smarts_finance
Telegram : https://t.me/smartsfinance
Discord : https://discord.com/invite/rertF5a
Medium : https://medium.com/@smartsfinance
Youtube : http://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw
AUTHOR’S DETAILS
Bitcointalk Username- Vunchan
Bitcointalk Profile link- https://bitcointalk.org/index.php?action=profile;u=2774784
POA: https://bitcointalk.org/index.php?topic=5290318.msg55933375#msg55933375