In the crypto space, a new platform should provide services that enhance the ease of operations. This explains why there are numerous active decentralized applications, all serving different purposes. Smart finance has developed a couple of products to ensure the smooth running of decentralization finance operations by its user community.
Smarts staking
With Smarts staking, users will have access to a unique channel for the non-custodial staking of the SMAT token and other digital assets developed on the ERC-20 protocol. In essence, users can stake through the native token and the additional coins present in the smart finance cryptosystem like Uniswap, YFI, and COMP. Notably, the stake option is limitless, as more cryptocurrencies can be added, dependent on the activity of the networks' governance process.
Smarts staking mode of operation
The reward pool of SMAT allots 20% of its entirety to staking rewards. The rewards are disbursed daily. Notably, the rewards obtained by each investor is of direct relation with their account share in the pool. Thus, for an investor to receive a high incentive at the point of distribution, they are obligated to stake a high amount of funds in the staking pool.
SMAT holds 50% of the staking reward pool while the remaining 50% is distributed evenly between the other established tokens. In essence, each token operates with 12.5% of the total staking pool. It is vital to note that, the percentage allocated to each additional token, is dependent on the number of token varieties available in the pool.
The reward distribution scheme operates under the actions of the governance objectives. Members of the user community uphold the power to vote for a change in the distribution operation. Smart finance may later cap each token’s pool with a value limit. The capping process involves placing a token valuation on the existing tokens. Consequently, boosting incentive yield and user participation.
Liquidity Mining
What is a liquidity pool?
A liquidity pool is simply a term to describe the designated space for funds in a smart contract. It usually operates with a trading pair of a volatile coin that is capped with a stable coin. To participate in a liquidity pool, users will provide an equal base of the individual tokens in the trading pair.
Liquidity miners have proved pivotal to the crypto minting and trading chain. Smart finance intends to bring liquidity providers into the system for farming. The liquidity mining feature will involve several pools and trading pairs in crypto. The SMAT/ETH will be the first framework for feature implementation. The governance action, which represents the consensus effort of the user community, will decide the choice of additional pools, that are added into the mining pool.
The prospective tokens to be added into the system features ETH, WBTC, and stablecoins market to allow for less volatility risk and safe mining activities. The platform will reward the liquidity miners/provider with a channel to earn passive rewards on their tokens. Notably, 40% of the total pool is allocated for the token distribution of governance, and its rewards are assigned to the liquidity providers. The size of an investors' locked assets is directly proportional to the total value of the daily distribution in the reward pool they are entitled to receive.
Smarts Lending
One of the highlights of the centralized banking system is its loaning system. It involves the lending and borrowing of funds with specific collateral in place. Smart finance has set up a feature that allows borrowing and lending through a decentralized finance model. Users of the platform can access other assets in the system using their crypto assets as leverage. Through the borrowing and lending scheme, smarts will open a function to borrow on the native platform or through an outsourced channel. The smart lending scheme operates just like every money market where you can access loans provided you meet the minimum required collateral to back such funding.
Through the smart lending feature, users can experience the loan system operated by centralized financial institutions, on the blockchain technology. To boost smart lending participation on the platform, lenders and borrowers will become eligible for rewards in SMAT through the daily distribution scheme. Thus, all members of the user community can obtain passive income.
Web App
The development of e-platforms and mobile applications has witnessed wide acceptance in recent years in the finance space. The development of web applications gives users the chance to initiate and complete transactions at any place and time. Smarts finance has also developed a web application to improve the ease of operation on the smarts protocol. Through the Smarts web application, users can access all decentralized features with just a single application. Smarts web app will serve as a one-stop app for all decentralized finance services rendered by smarts finance.
Why Smart Products will thrive in the Crypto Space?
The products listed above have their unique modus operandi. However, actively benefiting the user community is one thing they all have in common. Some features are inherent in the smart finance protocol, these features will boost the acceptance and general market performance of the smart products. Some of these qualities are explained below:
Security:
The security of funds is one of the highlights of blockchain technology. Although there have been some breaches in some applications developed on the technology but Smart finance has subjected all its applications to a rigorous testing process through native and outsourced testing by security experts.
Transparency:
For a project that is focused on sustainability, smarts protocol is heavily invested in an open book mode of operation. Thus, members of the user community can monitor their transactions without any glitch. Smart has also adopted a multi-signature wallet protocol to boost network transparency.
Conclusion
Smarts finance has developed unique products that will not only boost their overall acceptance but also ensure participants earn rewards actively or passively. The secured approach and transparency of the system will keep user trust and enhance participation. Smart and its products have all it takes to take over the crypto market.
USEFUL LINKS
🔘 Website: https://smarts.finance/
🔘 Telegram: https://t.me/smartsfinance
🔘 Whitepaper: https://smarts.finance/assets/documents/WhitePaper.pdf
🔘 Discord: https://discord.com/invite/rertF5a
🔘 Twitter: https://twitter.com/Smarts_finance
🔘 Medium: https://medium.com/@smartsfinance
🔘 YouTube: http://www.youtube.com/channel/UCp58Zt6o88nj9jH8tKtvzSw
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