Chainlink

ChainLink (LINK), Uniswap (SWAP) and Big Eyes Coin (BIG) – CryptoMode

Decentralised Finance, or DeFi, is the term coined for the expanding ecosystem of financial applications that are developed on open blockchains like Ethereum. This means consumers will have access to financial services that are often exclusively offered by conventional financial institutions. DeFi applications can give consumers access to lending, borrowing, trading, and other financial services, without the requirement for a centralised institution – which is a huge benefit for many.

This means not having to trust the middleman with your money, eliminating the fees that banks charge for their services and faster transaction times. Pretty much anyone with an internet connection can use DeFi, and by enabling peer-to-peer digital exchanges; DeFi threatens this centralised financial structure, which in turn is often obscure and closed-sourced.

In this article, we will be looking at whether decentralised finance could one day defeat centralised finance, and we will be paying attention to three exciting DeFi projects with immense potential: Chainlink (LINK), Uniswap (SWAP) and Big Eyes Coin (BIG).

Chainlink (LINK): Chainlink Comeback On the Rise.

Chainlink is a blockchain-based oracle network built on Ethereum, that provides secure and reliable smart contracts between blockchain networks and off-chain data smart contracts. With its rapid ascension and continuous milestone breaking in terms of new development and network usage, Chainlink plays an important role in the DeFi ecosystem.

The oracle service hit major milestones by launching and staking additional features for NFTs and DeFi on Chainlink Staking v0.1. This allows users to earn rewards whilst helping to increase protocol security.

Furthermore, since the infamous FTX Crash in November, Chainlink began providing proof of reserve services for crypto exchanges. Although this feature was launched back in 2020, it has started to resurface in popularity due to the current lack of trust in centralised exchanges.

Over the past week, Chainlink has made a number of collaboration announcements that will further boost adoption. On October 24, the business declared that prices in the Bitizen wallet will be powered by Chainlink price feeds after its integration into Polygon mainnet.

With these points in mind, it’s clear the team behind Chainlink is committed to driving their project forward despite it being a cold crypto winter. This could be a positive sign for holders of Chainlink.

Aave: Borrowing and Lending have never been more efficient

Aave (AAVE) is a DeFi protocol that allows its users to borrow and lend cryptocurrencies. Currently, users are able to exchange about 20 different Cryptocurrencies giving them a wide variety of choice and in turn setting Aave apart from its competition.

 

Additionally, by putting digital assets into specifically designed liquidity pools, lenders can earn interest. Then, utilising this liquidity, borrowers can obtain a quick loan by pledging their cryptocurrency as security. “Flash Loans” are one of Aave’s key features, which has been credited as the first uncollateralized loan option in the DeFi space.

With Aave ranking at number forty-one on CoinMarketCap, along with the leading innovations it has had in the DeFi space, it is certainly a project to keep your eyes on.

Big Eyes Coin (BIG): Way more than cute cat… A DeFi project headed to the moon!

Big Eyes Coin is a fun meme coin with plenty of real-world applications. With the prime intention of bringing income into the DeFi ecosystem, this cool cat is also dedicated to rescuing the oceans through their open charity wallet.

By becoming a holder and taking part in their frequent community competitions, it allows access to more material and events that make the blockchain hype-ship worthwhile boarding.

With its strong community backing, along with its DeFi use cases, Big Eyes coin is surely headed to the moon as a unique DeFi project with huge potential!

Watch this Space…

Decentralised finance (DeFi) is still in its infancy, and therefore laws are constantly changing and evolving – which is difficult to keep on top of. Will DeFi eventually defeat the traditional centralised finance which has been in place for centuries? We would say, it’s more a case of when.

One thing we know for sure is that we’re living in an exciting time where an emerging technology could provide us with the opportunity to be in charge of our own finances since the dawn of money, also as a bonus, making room for huge gains in the DeFi space!

Presale: https://buy.bigeyes.space/
Website: https://bigeyes.space/
Telegram: https://t.me/BIGEYESOFFICIAL

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.

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