2021 has been a interval of nice innovation in the blockchain house, with the growth and launch of an enormous vary of novel platforms and protocols which have helped to reshape the business in new and surprising methods.
The decentralized finance (DeFi) sector of the business has seen arguably the most progress in this time, with the launch of a blinding array of latest platforms that assist customers do extra with their cash and keep away from the must depend on centralized monetary infrastructure.
Here, we check out the three new platforms main the cost on the subject of unraveling the full potential of cryptocurrencies.
YeFi
Yield farming. It’s all the rage in 2021 and has turn into certainly one of the hottest use circumstances for a lot of cryptocurrencies at this time. Indeed, there at the moment are billions of {dollars} value of digital belongings locked up in yield farm platforms — a lot of which generate a stable return for buyers.
But whereas many yield farms are difficult to work together with, and solely assist comparatively obscure digital belongings or liquidity supplier (LP) tokens, YeFi has just lately come alongside to vary the recreation.
YeFi is a platform that makes it simple for customers to generate a passive earnings on their digital belongings by staking them on its decentralized utility (DApp). The platform at the moment helps all kinds of belongings, together with ETH, BNB, BTC, and USDT. But customers can increase their rewards by 1.5x by staking decentralized file storage cash like FIL, or as much as 2x by staking YeFi’s native asset — YEFI.
❗️Announcement❗️Staking Mechanism Upgrade on https://t.co/xP3o61vD4T Dapphttps://t.co/oMn7ZfBAcI
— YeFi.one (@yefi_platform) August 8, 2021
By permitting customers to stake native belongings slightly than LP tokens, YeFi ensures customers keep away from the danger of impermanent losses — therefore offering a dependable supply of yield.
The platform is uncommon amongst yield farms in that it’s cross-chain suitable with each YottaChain and Binance Smart Chain, with plans to assist further chains in the future. Beyond this, YeFi is ready to roll out a wide range of DeFi merchandise in the coming months — together with a decentralized lending/borrowing platform and a full decentralized alternate.
Once full, YeFi might turn into certainly one of the first blockchain-agostic DeFi ecosystems.
Popcorn
You’ve most likely seen the headlines — main cryptocurrency networks like Ethereum and Bitcoin devour large quantities of electrical energy. In complete, the mining exercise of those two networks alone is equal to the total power consumption of a small nation.
But regardless of this, the potential for blockchain expertise to disrupt dozens of industries and alter the method we go about our every day lives is a compelling cause to proceed experimenting with the expertise.
If solely there have been a strategy to offset the detrimental penalties of digital belongings, whereas nonetheless retaining all of their advantages?
Well… now there’s. It’s referred to as Popcorn, and it’s an automatic yield era protocol that enables customers to place their idle funds to work by means of a sequence of automated yield-bearing techniques. But greater than this, it’s additionally a pressure for social good. The platform makes use of a bit of its charges to fund organizations working to enhance the world we dwell in — whether or not that be by means of renewable power analysis, forest conservation efforts, or public consciousness organizations.
This week on What’s POP’ing? #3
Popcorn Rebrand 🎨New Website 🌐New Hire: Director, Global Impact ❤️Popcorn in the Press 🗞️Farmer Bob’s #YieldFarm Guide 🧑🌾
-🍿https://t.co/5sZsowEWLC
— Popcorn (@Popcorn_DAO) August 19, 2021
While utilizing the platform, Popcorn will mechanically direct consumer funds to the most worthwhile funding and buying and selling alternatives utilizing a wide range of rigorously designed funding fashions. Meanwhile, the platform mitigates the carbon impression of its operations by partnering with carbon sequestration and offsetting organizations.
Earn cash whereas serving to to avoid wasting the world? We’re in.
Premia
In the final 12 months, decentralized buying and selling platforms like Uniswap and PancakeSwap have skyrocketed in recognition, by offering CEX-like speeds and options and breaking down accessibility boundaries.
But till solely just lately, such derivatives buying and selling platforms didn’t fairly attain the identical diploma of usability and recognition. That is, till Premia got here alongside.
Premia is a decentralized choices minting and buying and selling protocol that arguably exceeds the capabilities of even the hottest centralized choices exchanges. The platform’s main characteristic is an intuitive decentralized buying and selling platform that enables customers to commerce choices for a wide range of digital belongings — together with Chainlink (LINK), Wrapped ETH (WETH), and Wrapped Bitcoin (WBTC).
Missed final week’s group name?
Get in control on the newest happenings with Premia as we transfer nearer and nearer to Premia v2 on fundamental internet 💎💪https://t.co/0IqYL8SRXK
— Premia – Options Platform (@PremiaFinance) August 20, 2021
But the place Premia actually stands out, is thru its choices underwriting characteristic, which permits customers to underwrite a spread of choices to earn a yield on their funding. This is a totally permissionless course of that enables anyone, from wherever to generate a passive earnings with out worrying about regional restrictions.
With Premia serving to customers speculate on varied DeFi belongings, hedge their dangers, earn a yield on their belongings and shield in opposition to market volatility, it stands out as an awfully succesful platform for budding and knowledgeable merchants alike.
https://www.newsbtc.com/news/company/three-defi-platforms-changing-the-game-in-unexpected-ways/
