What is DeFi?
DEFI Space is an emerging financial concept that deals in analyzing blockchain technology and consecutively cryptocurrencies, with an objective of enabling users to gain useful insight that contributes to informed decision making and better returns and profits from their investment.
This technology targets millions of digital investors across the globe that are in search of a decentralized exchange solution that will help them protect their digital assets and cryptocurrencies from the recurring waves in the global financial sector.
This platform not only gives vivid financial projections and statistics, but also goes a step further to educate, inform and build a global digital community for investors. The DEFI (Decentralized Finance) environment is where only the best investment products are listed with continuous updates done in regards to the latest procured data and statistics.
The importance of decentralized finance
In order to know how this investment can best serve your interests, you should understand how decentralized finance works. Unlike the traditional forms of currencies that were heavily reliant on government and Central Bank policies, decentralized finance is more open and does not require any intermediaries. Blockchain and cryptography are technologies that are keeping all investors keep track of their transactions.
Kingswap applications, also known as decentralized applications (DApps), are built on blockchain technology where a shared ledger for digital transactions is kept. Our developers develop, store and analyze DeFi tokens or digital assets through the blockchain. Our applications are programmed from the Ethereum network, which ranks as the best programmable blockchain in the world.
The Smart Contracts that our developers create on Ethereum can be accessed by anyone over the internet, which created a more open and dynamic financial system. The smart contracts are also verifiable by individual users and they have the option to choose the services that work best for them.
Applications of DeFi
Decentralized Finance comes with a wide range of financial products and services. Each of these products and services are similar to those that you can find in the bank or any other financial institution with the only difference being that these digital products are decentralized and they eliminate the need for intermediaries.
One of the products available on this ecosystem is DeFi tokens. These cryptos are not volatile. One of the reasons that discourage investors from investing in cryptocurrencies is the high rate of volatility in the values of the mines coins.
However, with these DeFi tokens, you will have coins with a stable value and which are pegged down to the value of a fiat currency. Stablecoins are the next generation of blockchain that assures stability and growth of the crypto market.
The other popular application of DeFi is in lending and borrowing. The same way that physical financial institutions use money deposited by customers to lend to other users is the same way that decentralized lending and borrowing works. Users can lend or borrow digital assets whereby the smart contracts or DApps connect the two parties.
The smart contracts also lay out the borrowing and lending terms for the collateralized loans and the interest that will be shared. Since the Smart contracts eliminate the need for a middle man, you will find that the lenders enjoy higher interests and it is less risky due to the transparency created by blockchain technology.
The third popular application is in decentralized exchanges. A decentralized exchange, also known as DEX, is a cryptocurrency exchange that adopts smart contracts to develop the rules for trade, carry out the trade and handle all the transactions when prompted to do so.
One of the most popular DEX trades is Uniswap whereby you make exchanges between two Ethereum assets. A decentralized exchange is very convenient because of the fact that is does not need any middleman, does not need registration, requires no verification and has zero withdrawal fees.
How to get started with DeFi
The main purpose behind Kingswap is to create a platform where investors can search and find all the latest financial analytics that will rank all the decentralized financial products and services. Unlike other platforms, Kingswap will create an analytics strategy for all the highest rankling blockchain in a bid to increase return rates and the profits.
Decentralized finance is an area that is open to all users. It is not as complex as the traditional forms of finance and the users are always treated to transparency and reliability that you cannot find in the other traditional financial platforms. If you want to get started with every digital financial product and service from Kingswap, you can use the provided educative materials on the platforms.
You can also subscribe to any of our online pages and receive any updates as soon as they are posted. Kingswap is open to all beginners or experience experts who are looking towards earning handsome profits and returns from the lending services and the other amazing applications of this technology.
This DeFi platform is highly reliable in offering accurate metrics and statistics of the different smart contracts. The smart contracts are created from blockchain technology, which is highly reliable and popular. The charts are continuously updated on an hourly basis by checking the current token values that are held by all the smart contracts. Through these updates our users are always treated to current and reliable metrics that will further increase their return percentages.
What makes Kingswap unique?
Kingswap is the platform created for people who believe in the convenience and the reliability that has been created by digital assets. This is a site here you will find the most reliable ratings and analytics of smart contracts related to blockchain. Through Kingswap, you can easily track the value of the DApps and smart contracts and create the best investment solution with better returns.
The decentralized financial market is continuing to grow and the application of digital assets is not being experienced across the globe. The global decentralized financial market lies at more than 490 million US dollars and the numbers are rising by the day. Ethereum is making it easy for companies to use blockchain to develop digital financial products. Reach out today and evaluate all that Kingswap has to offer to your investment solutions.