Decentralized finance, or Defi has been on the crypto radar for long and many projects like synthetics and Maker has been offering Defi services. The bull run of 2020 was entirely as a result of Defi gaining huge popularity and adoption. It sits at the center of the massive crypto Bull Run seeing most projects like YFI and co hit a new ATL surpassing bitcoin price.
Also the demand of decentralized trading exchange gave rise to decentralize platforms like Uniswap. a protocol on ethereum blockchain that allows anybody with access to any ethereum wallet swap/exchange ERC20 tokens. It was launched in May 2020 enabling direct ERC 20 to ERC 20 swaps with lots of features like users providing liquidity and earning incentives. It was the first exchange to function as a public good. Without platform fees or middlemen leaving everything in the hands of the community including free token listing. Later, as a result of competition and trading liquidity pools, a Uniswap token(UNI TOKEN) was created to incentizes uniswap users, to vote on how the protocol is run and to earn rewards for providing liquidity.
AS ERC20 tokens continue to grows, More swap exchanges emerges, Poolz, another quality defi project was recently launched to provide better liquidity pools, offers more unique qualities than Uniswap and lot of incentives for users. The poolz platform comes with better blockchain community-oriented features than uniswap offers and also better price curves different from uniswap simple price maker which depends on “demand and supply”.
The Poolz platform offers investors and traders an opportunity to solve issues relating to liquidity pools. the projects will assist New and emerging project resolve the issue surrounding liquidity on trading platforms by providing a unified interface which will allows project owners to launch and manage liquidity auctions that are easily discoverable by investors on the platform.
- CROSS CHAIN SWAP.
- BURNING MECHNISM
- GOVERNANCE AND STAKING
- POOLZ BRIDGE.
HOW THE POOLz PLATFORM WILL FUNCTION:
There two options available. Poolz for Liquidity Providers and Poolz for project Owners.
The platform offers inventors(project owners) the ability to decide how they can launch their token on the poolz platform. whether it is by DSP AND TLP. the entire process is determine by the inventor. Also the Liquidity providers allows token owners the opportunity to provide Liquidity and support project owners. Holders of the Poolz token receives incentives as well on the platform.
WHY POOLZ IS BETTER THAN UNISWAP EXCHANGE.
The Poolz platform will uses two mechanism to function. Project owners and Liquidity providers. in general, the platform was built to support the Ethereum platform and will support multi chain blockchain in the nearest future. Also supports ERC 20 tokens and will later support ERC 721(NFT) tokens. meanwhile the uniswap allows only Ethereum blockchain platform and ERC 20 tokens without support for ERC 721. this shows that the poolz platform offers better and quality incentives and options than Uniswap.
1; Liquidity providers on uniswap earn a percentage of the trading fee of 0.03% for providing liquidity on any trading pairs WHY liquidity providers on POOLz earns poolz tokens and also 0.2% of trading fees and this can be determine the poolz owner.
2; Trading fees on UNISWAP goes for 0.5% to 1% for fast transaction while poolz offers a slippage tolerance of 0.25% for fast transaction making a better option than uniswap.
CONCLUSION: The future of cryptocurrency lays on Defi. The Poolz platform is one of the long term project that will promote and support Decentralized platform in the long term future and blockchain technology. Also the crypto sector is decentralized and funds can be lost. It is advisable that users are to trade with caution and also invest in whatever they can afford to lose.
For more information on this project,