What is DeFi on StormGain? How does it work? Table of Contents
New DeFi tools for trading on StormGain
DeFi has taken the world by storm, and not just among the cryptocurrency community.
Short for Decentralized Finance, DeFi essentially refers to blockchain-based solutions for financial services, i.e. smart contracts, DApps for executing loans, insurance plans, mortgages, and so on.
Governance tokens for DeFi protocols, which offer owners a stake in platforms, have become an interesting trend in 2020.
DeFi tokens have attracted investors by offering fantastic returns of up to 8% in a period of economic uncertainty.
A popular DeFi asset, the governance token for Yearn Finance (YFI), made headlines recently as its value surpassed Bitcoin, the most popular (and hitherto most valued) cryptocurrency in the world.
We previously described the ensuing boom in interest in DeFi tokens and what it could mean for the market in the StormGain News section.
StormGain is now delighted to offer all clients the opportunity to profit from the global DeFi trend and invest in the future of financial technology, with the introduction of new DeFi tools on the StormGain trading platform.
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What DeFi instruments available on StormGain?
The eight new DeFi tools available on StormGain are:
- UMAUSD (Universal Market Access, a protocol for smart contracts on Ethereum)
- YFIUSD (Yearn finance, an aggregator to maximize profits through yield growth)
- COMPUSD (Compound Finance, a DeFi loan protocol)
- SNXUSD (A DeFi Derivatives Platform)
- DOTUSD (PolkaDot, a protocol for communication and security between blockchains)
- VETUSD (Vechain, a public blockchain that facilitates business use cases)
- UNIUSD (The token for the Uniswap decentralized exchange protocol)
- ZRXUSD (The token for the 0x Ethereum exchange protocol)
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Invest in the future of finance – DeFi
For many, DeFi represents the maturation of blockchain technology.
Rather than simply being a store of value, like Bitcoin, DeFi can improve the modern financial system by making it more efficient, open-source, without authorization, and free from bureaucratic interference from government officials or intermediaries.
The clear use cases combined with its attractive returns make DeFi one of the most attractive avenues for investing in the modern cryptocurrency world and will likely boost the crypto economy as a whole. For the best returns on trading and investing, we recommend StormGain for building a solid cryptocurrency portfolio that offers a high potential profit.
Why Choose StormGain to invest in Crypto?
Available on the web or as a smartphone app, StormGain offers the ability to trade 24/7 with up to 200x leverage on the most attractive digital assets, including major cryptocurrencies, altcoins, indices and DeFi tokens.
StormGain also offers the best bonuses for clients, including APR interest of up to 12% on cryptocurrencies owned and free cloud mining services.
Registering on StrormGain is simple and takes no more than 5 seconds.
You can also see how it works completely risk-free on a free demo account.
Try StormGain now and make DeFi part of your cryptocurrency wallet!
Go to StormGain’s Official Website
Please click "Introduction of StormGain", if you want to know the details and the company information of StormGain.
Comment by Hans
April 24, 2024
as I am trading here various assets, for me it's the most important feature. i mean, flexibility in tradable markets. i alternate trading styles, meaning that sometimes I trad...