If you’re seeking ways to buff up your crypto wallet, we have good news. As the first half of 2022 inches to a close, you want to achieve that set financial goal. By buying CashFi (CFI), Binance (BNB) and Uniswap (UNI), you may well be on your way to achieving that goal.
Binance (BNB) is the native coin of BNB Beacon Chain (former Binance Chain) and BNB Smart Chain (former Binance Smart Chain). BNB is the third-largest cryptocurrency in terms of trading volume after Bitcoin and Ethereum (ETH). Binance features several utilities such as BNB for Binance Exchange and Binance Decentralised Exchange (DEX) for transaction payment on BNB Beacon Chain and BNB Smart Chain.
In addition, with BNB, users can pay for goods and services for both online and offline in-store purchases. Users who patronise Travala.com can also use BNB to book hotels and flights. Before Binance Coin’s mainnet launch, it was simply an ERC-20 token operated on the Ethereum (ETH) network. But in mid-March 2022, BNB reached a market cap of over $48 billion.
Earlier in June 2022, Binance secured a new $500 million investment fund supported by top global institutional investors such as DST Global Partners, Breyer Capital and Whampoa Group. The new fund catalyses the company’s efforts to extend the use cases of cryptocurrencies and drive the growth of Web3 and blockchain technologies. According to CoinMarketCap, as of the time of writing, a BNB sells for $296.16.
Uniswap (UNI) is a leading decentralised exchange app in the cryptocurrency market, currently ranking as the first DEX with a trading volume of over $800 billion, a figure out beating some of the leading CEXs (centralised exchange) platforms.
On Uniswap (UNI), the users are the liquidity providers that contribute assets to the decentralised liquidity pools. This helps the network to drive user loyalty and a lasting sense of ownership for more efficient collaborations. These liquidity providers get to own a fraction of the fees their pool generates, creating passive income with every fee.
Since its launch in November 2018, Uniswap (UNI) has undergone three upgrades, with the third version featuring improved capital efficiency, better oracles and flexible fees. As of the time of writing, CoinMarketCap pegs the value of a UNI at $5.05.
CashFi (CFI) is a future-forward decentralised network with $CFI as its ERC20 token. This next-generation platform uses a unique fee-sharing approach to provide investors access to many asset classes. The network aims to deepen collaboration and interconnection by making several asset classes available to users. Some of these class assets include liquid staking, NFTs and synthetics. The platform’s design serves to unite the blockchain ecosystem and foster speedier, cost-effective and scalable services. Presale began on June 1st and will end on September 6th 2022.
CashFi is essentially into liquid staking solutions, especially as its CashFi protocol will allow individuals to unlock liquidity for a higher yield by staking CFI. The platform provides an inter-chained CFI and NFT marketplace, with a dedicated creator’s centre that drives a smooth and cost-effective minting of NFTs on multiple chains. CashFi will also be a supplier of staking infrastructure, contributing to the security of leading digital networks around the globe.
CashFi plans to bring POS asset currencies into the DeFi space and include use cases like liquidity provision for DEXs and facilitation of lending and borrowing. It will also offer validating solutions to its ecosystems to validate whole networks spanning multiple chains.
The network’s CFI Stake will serve as a liquid staking platform that will allow POS tokens to grow and thrive. The stake will enable users to protect PoS platforms natively via a 1:1 pegged ERC-29 liquid staking representation tokens on Ethereum (ETH), which allows them access to liquidity for staked assets. CFI Stake will enable you to engage in Ethereum DeFi side by side with staking, thereby diversifying wealth creation and boosting your returns.
Whether you’re a beginner or veteran holder, investing in CFI tokens can be a smart financial decision that allows you to earn passive income as the platform expands. Liquid staking offers massive value for investors, and its recent upsurge is a clear indication that for projects like CashFi, there are enough profits to go around.
source: The Portugal News