BlocksInform
Decentralized finance or DeFi continues to dominate the cryptocurrency industry. Smart Chain (BSC) and Ethereum (ETH) are two of the most popular blockchains on which most DeFi projects are based.
When it comes to Ethereum-based DeFis, Uniswap (UNI) is by far the largest and on BSC, PancakeSwap (CAKE) is definitely the king. Both Uniswap (UNI) and PancakeSwap (CAKE) platforms are widely used to buy and sell cryptocurrency.
They also enjoy an ever-growing community, which has lately been moving to emerging crypto projects such as Collateral Network (COLT). Keep in mind that the Collateral Network (COLT) token is expected to rise by 35x in the next 6 months and tokens are currently priced at $0.01 during the first phase of its presale.
PancakeSwap (CAKE)
PancakeSwap (CAKE) runs on Smart Chain (BSC), a decentralized, low-cost alternative to Ethereum (ETH). PancakeSwap (CAKE) allows its users to swap cryptocurrencies by accessing user-generated liquidity pools, much as the well-known Uniswap (UNI) AMM protocol operating on Ethereum (ETH) does.
PancakeSwap (CAKE) provides a wealth of options for DeFi farming to liquidity providers. So far, PancakeSwap (CAKE) has been a huge success, having accrued over $1 billion in TVL since it was launched.
PancakeSwap (CAKE) offers a reward in the form of CAKE, its native BEP-20 coin. A stake in PancakeSwap (CAKE) will get you an equal amount of SYRUP. If you are a holder of SYRUP, you will be entitled to 25% of the total PancakeSwap (CAKE) emissions. The DeFi exchange has a huge following among crypto traders and investors.
Uniswap (UNI)
First introduced in November 2018, Uniswap (UNI) is a decentralized currency trading platform. Uniswap (UNI) is an Ethereum (ETH) blockchain-based decentralized application (dApp) that facilitates the trading of Ether for other ERC-20 tokens.
Commission payments are one of the ways through which Uniswap (UNI) encourages liquidity providers to participate. In 2020, Uniswap (UNI) released its cryptocurrency, UNI, which is now used for activities like voting and funding essential developments.
Uniswap (UNI) is an ERC-20 token that can be purchased on exchanges including Kraken, Changelly, Huobi Global, and Crypto.com. DeFi has a fast-growing community.
Collateral Network (COLT)
Everyone involved in the DeFi and cryptocurrency world has every reason to pay attention to the Collateral Network (COLT) ICO. Let's first consider what makes the Collateral Network (COLT) an attractive investment choice.
Collateral Network (COLT) is an NFT-specific crowdlending platform. The Reseau Collateral (COLT) is based on the Ethereum blockchain (ETH). As the leading challenger lender, Collateral Network (COLT) provides borrowers worldwide with easy access to funds using their physical assets stored on the blockchain.
Collateral Network (COLT) users act as their own banks and may lend to borrowers in part at a fixed interest rate. As a borrower on Collateral Network (COLT), you can use your physical assets to get cash in as little as 24 hours without having to endure the lengthy and cumbersome vetting process of traditional banks and lenders.
The project’s unique selling point is that they are the first to mint non-fungible tokens (NFTs) against physical assets and then they fractionalize the NFTs and offer them to potential lenders at an affordable rate.
Collateral Network (COLT) provides a variety of benefits for both borrowers and lenders. For instance, borrowers can get their loans pretty fast, usually within 24 hours. They also have the advantage of taking out loans in complete confidentiality.
You can borrow a loan with your blockchain assets without leaving a clear print on your credit report. It is a transparent and inexpensive process. Lenders are also eligible for the weekly fixed income benefit.
Given these benefits and more, the Collateral Network (COLT) ICO has become quite popular among the PancakeSwap (CAKE) and UniSwap (UNI) communities.
Find out more about the Collateral Network presale here:
Website: https://www.collateralnetwork.io/
Telegram: https://t.me/collateralnwk
Twitter: https://twitter.com/Collateralnwk
