Decentralised Finance (DeFi) is one of the next biggest sectors of the crypto market. The DeFi part of crypto is single-handedly amplifying the feature of cryptocurrency where there is no need for an external or central authority or party to oversee finances and transactions.
On decentralized platforms, users get the chance to have total control over their transactions and finances without any hassles. With DeFi, crypto community members know that they can access each other through peer-to-peer or peer-to-contract networks without any possible authorities having access to them.
Cryptocurrency investors are getting more interested in DeFi projects and platforms. Over the past few years, many new DeFi projects have come up. Some have soared, some have failed, and some are still testing the waters. Hence, the confusion comes in for investors, especially the new ones in the crypto sphere.
3 crypto projects with great potential to be successful in the long-term are Logarithmic Finance (LOG), Kava (KAVA), and Avalanche (AVAX).
Logarithmic Finance (LOG) aims to attract investors and innovators
Logarithmic Finance is a new and innovative opportunity for investors, both newbies and veterans alike, to truly see the various potentials of DeFi. Logarithmic Finance is a next-generation DeFi project, advanced enough to provide a Layer-3 token swapping protocol. It provides and promotes easy and hassle-free connections between early-stage innovators and investors.
A platform built to allow different use cases, Logarithmic Finance (LOG) is a platform that helps DeFi centered projects find potential investors. This DeFi platform is a non-custodial decentralized exchange that gives users a chance to use a multi-chain and cross-chain environment to raise funds in any kind of blockchain that they would like.
LOG was created to find a solution to the problem of the lack of sufficient funds for innovators with their projects. This is why LOG is moving liquidity pools to the next level by providing liquidity pool investment options for investors to work with.
LOG token holders also get a lot of rewards for staking their LOGs in the system. LOG users can stake a particular amount of the LOG token to earn rewards, depending on the APR of staking and the number of LOG tokens staked.
Kava (KAVA) combines advantageous DeFi features
The Kava (KAVA) network is a co-chain DeFi project that combines Ethereum and the Cosmos SDK in one network. It is a blockchain software protocol that gives users ways to borrow and lend assets in multiple cryptocurrencies without the need for a central authority or middleman.
Although Kava (KAVA) uses Ethereum, it is built on Cosmos to add the extra functionality of multi-chain and cross-chain interoperability. The users of the Kava network lock their assets and cryptocurrencies in smart contracts on Cosmos to borrow loans in the USDX denomination.
By using cryptocurrencies as collateral to mint USDX, users get weekly rewards in the form of Kava’s native token, KAVA. The amount of this reward of KAVA depends on how much USDX is minted and the type of collateral used.
Avalanche (AVAX) – the leading DeFi platform
Avalanche (AVAX) is an open-source, decentralized cryptocurrency that allows the building of new financial projects and decentralized apps (dApps). Developed by Ava Labs, Avalanche is a platform that gives users the chance to easily produce their own dApps and multi-functional crypto projects.
Avalanche is a fast platform that is built around a system of three interoperable blockchains, which are Contract Chain (C-Chain), Exchange Chain (X-Chain), and Platform Chain (P-Chain). AVAX is the platform’s utility token, serving as the major exchange token of the platform and also for staking.
DeFi is constantly growing, and investors and crypto enthusiasts should not miss out on it. Logarithmic Finance is currently running its presale, thus making it a favorable time to become an early investor. If you would like to join or learn more about it, use the links below.
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Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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