Place/Date: – April 28th, 2022 at 2:47 pm UTC · 3 min read
Source: Quitriam Finance
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How DeFi Can Benefit
You can have access to almost any type of asset and investment, in a digital form. This includes cryptocurrencies and other lesser-known investments.
But all the hype right now is about the amazing side of crypto, Decentralised Finance (DeFi). Its increasing popularity is mostly due to the weak economies and geopolitical factors that affect real-world currencies so frequently; this does not happen with Decentralised Digital Finance.
The word describes financial crypto services built on top of blockchain networks that can function without third-party involvement (i.e. traditional institutions, banks, etc).
More so, the decentralization of finances is possible through decentralized exchanges (DEXs) that allow for direct transactions between each other without a centralized intermediary.
Double Your Profits with These Coins
Quitriam Finance (QTM)
Recent in the market and already successful, Quitriam Finance is a decentralized exchange platform with multi-chain operability and a state-of-the-art ecosystem of DeFi products.
The platform’s focus is Decentralised Exchanges. It allows investors to exchange assets across various blockchains.
Quitriam Finance has managed to revolutionize decentralization and scalability and employs a system of peer-to-peer (P2P) connections with liquidity, supplied by other investors.
Other innovative features include multi-chain operability that allows users to exchange coins at a rate of more than 50,000 transactions per second (TPS) with a near-zero cost of $0.00001 per transaction.
The protocol’s governing token is QTM. Now is the best time to invest as the token is in presale.
Uniswap (UNI)
Uniswap is recent in the market as it was launched in 2018. Nevertheless, it rapidly became one of the leading decentralized networks and the UNI Token, native to the platform, became a market-leading currency.
The network is an investor’s favourite as it successfully operates an Automated Market Maker (AMM) system while also employing an underlying protocol that supplies power to the platform’s decentralized exchanges (DEXs).
The most attractive feature about Uniswap (UNI) is that it has all the desired Decentralised Finance (DeFi) qualities; for instance, its decentralized trading protocol facilitates the automatic trading of tokens.
Additionally, Uniswap is an Ethereum-based blockchain which means that it benefits from the effectiveness of the ERC-20 token standard.
The governing token of the platform is UNI and allows investors to give an opinion on governance functions within the platform. The Uniswap price today is $8,24 with a 24-hour trading volume of $165.7 Million and a live market cap of $5.6 Billion.
PancakeSwap
Similarly, PancakeSwap is recent and launched in 2020. It has already managed to secure a reputation as the first-ever and largest crypto DEX protocol built on Binance Smart Chain (BSC).
PancakeSwap’s native currency is CAKE which proved its success by reaching an all-time high of $43.96 in April 2021. At the time of writing, the PancakeSwap price is $7,64 with a 24-hour trading volume of $357 Million and a live market cap of $2.2 Billion.
As another giant of DeFi, PancakeSwap offers a twist and employs a system that combines centralized and decentralized financial architectures through a Centralised Decentralised Finance (CeDeFi) infrastructure that underpins BSC.
More so, PancakeSwap’s AMM-powered DEXs allow for an effortless token exchange, easier staking, and yield farming; as well as consistent and low-cost transactions.
Other features include: a non-fungible token (NFT) marketplace, a lottery system, a prediction market, and Initial Farm Offering (IFO) functionality.
Useful links: Presale, Telegram, Twitter, Instagram.
Source: https://www.coinspeaker.com/decentralize-finances-with-quitriam-finance-uniswap-pancakeswap/