DeFi protocols catching the attention of VCs include Uniglo.io (GLO), Beefy Finance (BIFI) and SushiSwap (SUSHI)
The inflow of institutional capital into DeFi is a reliable indicator of the potential of the market. Until recently, VCs and deep-pocketed financial institutions played a small role in the crypto market. However, the DeFi summer of 2020 paved the way for savvy investors to put their money on the line. Funding rounds continue to increase as attention shifts to DeFi protocols like Uniglo (GLO), Beefy Finance (BIFI), and Sushiwap (SUSHI).
Uniglo is the first community-driven platform where the native asset is backed by virtual currencies, rare NFTs and real-world assets. This protocol is a response to volatile market conditions that can get entry-level investors swept up in the blink of an eye. GLO’s tokenomics are designed to increase in value over the long term. With a 10% tax on each transaction, Uniglo continues to accumulate funds to cover the native token’s floor price while investing in the growth of the ecosystem. All decisions related to token burns, fund allocation and development are made through a DAO proposal.
Strong finances (BIFI)
Beefy Finance is a decentralized multichain protocol that allows crypto users to earn interest on their holdings. Through a range of investment strategies, the protocol helps maximize rewards from various liquidity pools, automated market makers, and lending protocols. Beefy is integrated with 10 different blockchains including Fantom, Arbitrum, Harmony, Binance Smart Chain, Avalanche, Moonriver, Cronos, Celo, Polygon and Heco. The platform’s native governance token, BIFI, can be used to vote and influence platform-related decisions. Revenue generated from vault profit is distributed to token holders who stake their holdings. It has attracted the attention of investors because it offers a convenient and streamlined way to generate returns.
SushiSwap is an improved version of Uniswap, with better controls and DeFi features. The main goal of this platform is to remove centralization from the market. The protocol is aimed at DeFi users who can exchange tokens and provide liquidity to pools for passive earning. SushiSwap is the first automated market maker that sends profits back to the community that runs the ecosystem. Although there was a major setback with a massive carpet move in September 2020, confidence has since been restored after ownership passed to Sam Bankman Fried.
Learn more here:
Participate in the pre-sale: https://presale.uniglo.io/register
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