Today, I am here to discuss Voltage finance. "Another Defi platform" you may think. This was my original thought. The platform is based on Fuse network - a cross-platform decentralized network for open source payments, according to their website. Day-to-day mobile payments is the main claim. Creating infrastructure which works for business, investors, and individuals. Cannot say if they are near to this grand idea yet. Here is what I do know. Fuse network is cheap and fast to work with in its current state. While other chains have a barrier to entry which may not appeal to most users, Fuse makes it easy to learn and experiment with. Attempting to understand defi without a tool without large reserves of cash is not easy. Fuse is a good barrier of entry.
Of notable importance is the inclusion of Gooddollar within Fuse ecosystem. Gooddollar (G$ [ETH] - 0x67C5870b4A41D4Ebef24d2456547A03F1f3e094B) is a Universal Basic Income initiative with the aim of "Crypto for all". Currently there is $100,000 [USD] delivered to users to date by claiming a distribution through the web app, with a max supply of $2.2T. Funds are distributed daily. For a while, I was unsure what to do with these distributions. Just held for a while, visited Gooddollar Marketplace on Facebook without much interest, staked a few in the GoodDao, and hoped for a bit more utility. Then I discovered Voltage Finance. Finally, a way to utilize G$ in an efficient manner - farms.
Voltage Finance is not as diverse as some other Defi platforms, but it has some of the major coins and I like that it is a good learning platform. There is enough to get you started, and to faciliatate cross chain transfers by other means if you like. Like I said, the barrier of entry is cheap. Transactions cost anywhere from 0.02-0.003 Fuse [gas] on average. This gives me option to enter a pool, stake in a farm, collect rewards, and trade or restake into another pool to garner more rewards. Fuse is available on ETH and BNB chains in addition to Fuse Network. And if you are close to running out, just collect your G$ and swap at a low fee for more Fuse. The pair is useful in that getting stuck with coins in a pool without the gas to remove or trade is avoidable. Plus, there are other web apps [and growing] to use with Fuse, like SushiSwap and Elk Finance to farm more coins and transfer to other Networks - Polygon and Avalanche for example. This leaves endless possibilities to begin your journey in the crypto space.
Not claiming that Fuse is better or worse than any other network. It has a few quirks - like occasionally need to remove a number off the end for fee estimation. Fuse has, however, given me the ability to learn and practice defi in a way which led to utilizing many other protocols in relation.
