According to defiLlama analysis around this time in 2022, the DeFi market TVL was around 57.03B USD as against what we have today. The total volume lock at the time of writing this article is around $37.74B with Lido Dominance at 36.9% and the entire DeFi market dropped in 24 hours with 1.21%. This shows that the DeFi market is presently selling at a discount price to whoever is buying into it.
Let's Check In Some Project Worthy OF Our Time
There are many projects one can invest in at this time but duly diligence is vital. Have you recently checked through what is happening on the Hedera Network? LunarCrush features Hedera after it was AltRank™ 1 out of the top 4,480 coins across the market and dominated last week, also the chain recorded over 14,000 accounts created within 24 hours showing how a lot of people are checking out with the blockchain. One of the projects within the Hedera network is Heliswap.
Heliswap leverages the power of Hedera which uses its unique DLT technology instead of a blockchain, which improves speed, cost, and scalability to unlock unique features of the decentralized finance ecosystem. Heliswap being the first DEX on the Hedera network supporting swaps between HTS, ERC20s and HBAR, users on the Hedera network have maximum opportunity to use Heliswap and products attached to unlock profit in this bear market.
Let's talk about Staking on Heliswap
Staking is common to DeFi but there are different models, just like we have for Heliswap's single-sided staking. This allows users to earn staking rewards without having to provide a second token for liquidity. It the phase 1 of the exercise which was supposed to end on 22nd August but is now on 29th August to give allowance for more people/users to fetch more rewards.
The single-sided staking APR sits around 45-46%. Additionally, this staking provides a higher degree of flexibility since as a user you can enter or exit anytime without thinking of losing some percentage of the token locked, amazing way to adjust your investment strategy the way you want it.
How do you start?
Hedera network uses the Hashpack wallet app in which Heliswap reside as one of the DEXES & DeFi application. After the installation of the wallet app, launch Heliswap App
Heliswap allows crosschain. It's easy to bridge from Hedera to Polygon. You can take your time to study the process and start your farmland on Polygon with the Quickswap App. Read up Here
Heliverse is the product majority of Hedera network users and Heliswap community members are waiting for because of its standalone characteristics and even before its launch, users on Heliswap already earning via their engagement. The Heliverse has to do with prediction. Prediction anything in relation to the crypto universe and get sorted in rewards. get your position in by joining the users on Telegram and network on Discord and following the announcement.
There are other features and solutions that surround Heliswap DEX, like yield farming on Heliswap, claim drop and lockdrop All these are tied around Heliswap to boost its price action and if you get in now, you are really buying on discount. Crypto market season is coming soon, do you have your plan in already or you are still asking when to buy?
In conclusion, the market may not be palatable at this time, but in it, people are making their profit and preparing for the bull market. Check out HBAR, and HELI and bag your profit.
Disclaimer: I am not a financial adviser, see all this as an educational piece and please do your own research.
Official Website: https://heliswap.io
