Ivan on Tech Academy provides latest insights and reports about the blockchain industry.
As the past weeks’ bull market has continued to rage, we’ve seen prices for the two most well-known cryptocurrencies, Bitcoin and Ethereum, rocket upwards. However, many believe that the wider altcoin market could very well follow in Bitcoin’s wake. Essentially, the reasoning is that altcoins are lower-priced alternatives with more potential upside. So, when traders believe the price of BTC and ETH has gotten too high, they could instead look for undervalued altcoins. This is why we are taking a look at some promising altcoin projects that have traders talking.
We’ve previously answered the question “what are altcoins” and gone through the main cues you need to know about altcoins in 2021. This article, on the other hand, takes a closer look at some of the more obscure altcoin projects, but which have got cryptocurrency enthusiasts excited.
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YFDAI.Finance seeks to provide a full-on DeFi ecosystem that combines lending and borrowing, staking and farming services, a decentralized exchange (DEX), automated predictions trading, insurance, and a secure platform for new product launches.
So, unlike your average protocol, YFDAI offers an entire suite of DeFi services. The team has ambitious plans as we’ll see in this article. So, with that in mind, let’s look at some of their basic features before digging deeper into the ecosystem itself.
YFDAI wants to offer an intuitive user experience (UX)—part of that being a detailed list of instructions to make the platform easier for their users to navigate.
YFDAI is committed to the philosophy of distributed trustlessness.
The YFDAI.Finance team believes in nourishing a healthy community, that’s why they offer the first of its kind, a free on-chain voting mechanism.