Decentralized Finance refers to the traditional, centralized financial systems to peer-to-peer finance enabled by decentralized technology built on the Ethereum blockchain. From lending and borrowing cryptocurrencies, stable coins and BTC, DeFi ecosystem has launched network of integrated protocols and financial instruments. Defi has over $13 billion worth of value locked in Ethereum smart contracts. Recently with a growing technology decentralized finance has emerged as one of the most active sector in the blockchain space, with a wide range of use cases for many business sectors, individuals, developers and institutions.
DeFi is a complex financial architecture that builds on top of existing blockchain platforms and solutions, including components related to lending, decentralized asset exchange and derivatives markets. It is a P2P financial system that uses smart contracts based on a distributed ledger to ensure its integrity and security.
KRAGX ECOSYSTEM
Kragx is based on the Ethereum blockchain, providing its users with a wide range of financial services for lending, borrowing, exchanging cryptocurrency assets, staking and investing, making them simpler, faster and more secure. Kragx ecosystem will receive a small amount of Kragx tokens on a daily basis. Users will be rewarded for investing, staking, lending, escrowing, collateral, and participating in liquidity pools.
Management in the Kragx ecosystem is carried out by its users. Holders of Kragx tokens have the right to invest, borrow, exchange and receive interest as the value of the token rises, as well as use them as payment on the Kragx platform. That is, being a holder of KRX tokens, you can earn money by trading them, sending them to staking, receiving dividends, making exchanges with cashback, receiving rewards for long-term investments.
In addition, users of the Kragx platform can participate in the mining of liquidity and yield on very favorable terms for them. Anybody who participates in Kragx will use automated market making that will allow digital assets to be traded without authorization and automatically using liquid pools.
KRAGX PLATFORM
Kragx offers its users secure and easy-to-use wallets for their crypto-assets, compatible with lending and saving. Moreover, users will have complete control over their crypto-assets, since the private keys from their wallets will be completely at their disposal. Kragx provides higher level of security, the Kragx wallet will have a two keys to authorize a transaction. Moreover, this wallet is characterized by anonymity, which means that it is impossible to identify the sender and recipient involved in transactions.
Kragx wallet offers more than 70 crypto pairs for swap, and users also get cashback for an exchange. The exchange of one cryptocurrency to another can be done easily and quickly without leaving the Kragx wallet and presence of any fiat currency in it. Wallet users can send their crypto assets for staking and receive a reward with zero commissions. Wallets are available on both desktop and mobile devices. Most importantly server speed here is 10 times faster than in any other DEX existing on the market.
More Information About Kragx
Website: https://kragx.io/
Whitepaper: https://kragx.io/whitepaper.pdf
Telegram: https://t.me/kragx_chat
Twitter: https://twitter.com/kragxk
Reddit: https://www.reddit.com/user/kragx_defi
YouTube: https://www.youtube.com/channel/UCQXzubCYqUb6dNMp3NEoW9w
İnstagram: https://www.instagram.com/kragx_/
AUTHOR
Bitcointalk Username: mdyakeen
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