DeFi coins are set for crypto investors to profit with Wrapped Bitcoin, THORChain, etc.
Decentralized finance (DeFi) has exploded in popularity in recent years. Additionally, 2021 was a watershed year for numerous DeFi cryptocurrencies, including Wrapped Bitcoin (WBTC) and THORChain (RUNE), which hit all-time highs in 2021.
DeFi Pulse’s total value locked in DeFi protocols exceeds $75 billion – a 6.5x increase from around $10 billion in January 2021. This is the current value of all deposits made in cryptocurrencies for purposes such as lending, staking and liquidity pool.
Interestingly, a newcomer to the DeFi arena called Seesaw Protocol (SSW) seems poised to disrupt the industry.
This article discusses all three of these groundbreaking DeFi currencies and why they should be included in your portfolio.
Wrapped Bitcoin (WBTC): Are Bitcoin and DeFi Merging?
Wrapped Bitcoin (WBTC) is an Ethereum (ETH)-based ERC-20 token that serves as a replacement for Bitcoin (BTC). WBTC’s connection to Ethereum wallets, decentralized applications (dApps) and smart contracts is a significant advantage.
One Bitcoin can be exchanged for one Wrapped Bitcoin by a WBTC partner, and vice versa. WBTC was developed to enable Bitcoin holders to engage with Ethereum’s popular DeFi applications.
This interoperability feature enables crypto holders to participate more actively in decentralized applications, improving the liquidity of smart contract platforms.
According to CoinMarketCap, WBTC is currently trading at $39,600 and has generated a 1.033% ROI for early investors since its inception, making it a fast-growing DeFi coin.
THORChain (RUNE): A Top DeFi Coin to Watch?
The THORChain (RUNE) project was launched in 2018 because the practice of transferring cryptocurrency across multiple blockchains through centralized exchanges was unsustainable.
As a result, the THORChain team created an autonomous blockchain capable of bridging to other networks and facilitating cross-chain transactions while also serving as a decentralized exchange (DEX).
THORChain is a standalone blockchain developed using the Cosmos SDK that facilitates decentralized cross-chain trading. It operates on an automated market maker (AMM) paradigm, with the native token RUNE serving as the basic exchange pair.
RUNE is currently trading at $8.38 according to CoinMarketCap and has generated a return on investment of 26.098% for early investors, making it another of the fastest growing DeFi cryptocurrencies available.
Seesaw Protocol (SSW): The New Leader of DeFi Land?
One would assume that debuting during a crypto sale would be almost fatal for a new cryptocurrency aiming to build a name for itself in the market, but then you might not be familiar with Seesaw Protocol (SSW ).
SSW launched in early April after a record-breaking presale that saw the token increase by more than 6,000% from $0.005 during the presale phase to $0.306 at the time of writing.
Seesaw Protocol is a decentralized, non-custodial ecosystem of DeFi products, services and use cases spanning many chains. In addition, its applications extend to the metaverse and NFTs.
The Seesaw Token will be distributed on the Polygon (MATIC), Ethereum and BNB chain.
Seesaw will offer a comprehensive range of features for users interested in managing crypto-assets on one of the most prominent blockchains, using peer-to-peer exchanges in a decentralized and open manner.
In addition, the Seesaw protocol will offer an NFT vault and a DeFi exchange for users interested in deploying NFTs or exchanging tokens on the platform.
Seesaw protocol contributes to education in developing countries
Wippprotokol will contribute about 1% of its marketing spend to the Education Fund, which will finance educational institutions worldwide, especially in underdeveloped countries, to pay for the resources needed to offer the necessary education.
Additionally, when trading seesaw, a portion of the buy and sell fees will be contributed to the education pot, ensuring a continuous flow of seesaw tokens into the education pot.
Additionally, seesaw token holders will be rewarded for the philanthropic donation of their tokens to the Education Pot.
For users interested in building NFTs or trading NFT tokens on the platform, the Seesaw protocol will also offer an NFT vault and a DeFi exchange.
Should you invest in Seesaw Protocol (SSW)?
SSW is now in its infancy and is likely to evolve into a profitable protocol that rewards early investors well. It has already delivered 60x returns to its earliest pre-sale investors.
SSW tokens are now available for purchase on PancakeSwap (CAKE), one of the world’s largest cryptocurrency exchanges worldwide, and on the project’s own SeesawSwap on the project’s official website. The bulls push SSW towards the moon; will you join the league?
Contact
To buy SSW tokens: https://swap.seesawprotocol.io/
Website: https://seesawprotocol.io/
Telegram: https://t.me/SEESAWPROTOCOL
Twitter: https://twitter.com/SEESAWPROTOCOL
Instagram: https://www.instagram.com/seesaw.protocol
Disclaimer: The information posted in the article is for educational purposes only. By using it, you agree that the information does not constitute investment or financial advice. Do your own research and contact financial advisors before making any investment decisions.
Disclaimer for Uncirculars, with a Touch of Personality:
While we love diving into the exciting world of crypto here at Uncirculars, remember that this post, and all our content, is purely for your information and exploration. Think of it as your crypto compass, pointing you in the right direction to do your own research and make informed decisions.
No legal, tax, investment, or financial advice should be inferred from these pixels. We’re not fortune tellers or stockbrokers, just passionate crypto enthusiasts sharing our knowledge.
And just like that rollercoaster ride in your favorite DeFi protocol, past performance isn’t a guarantee of future thrills. The value of crypto assets can be as unpredictable as a moon landing, so buckle up and do your due diligence before taking the plunge.
Ultimately, any crypto adventure you embark on is yours alone. We’re just happy to be your crypto companion, cheering you on from the sidelines (and maybe sharing some snacks along the way). So research, explore, and remember, with a little knowledge and a lot of curiosity, you can navigate the crypto cosmos like a pro!
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