Decentralized Finance, or “DeFi” for brief, has taken the crypto and blockchain world by storm. However, its recent resurgence masks its roots within the bubble era of 2017. The pioneers envisioned a world where financial applications from trading to savings to banking to insurance would be possible simply on the blockchain with no intermediaries.
The thing that makes CLEVER so unique and quite brilliant is it’s architectural structure. It is hardcoded and pre-programmed into the Clever Protocol itself, which suggests it’s impossible to amend or change any part of it, giving rise to the first-ever Guaranteed Interest Payments model.
The interest earnings for the primary annual yield calculates at 307% for the total 12 months. For year 2, the interest percentage is 445%, year 3 is 501%, year 4 is 562%, and year 5 is 600%
How ‘DeFi’ was made?
Stablecoins are frequently employed in DeFi because they mimic traditional fiat currencies like USD. This is often a crucial development because the history of crypto shows how volatile things are.
Lending protocols are a motivating development usually built on top of stablecoins. Imagine if you may lock up your assets worth 1,000,000 dollars, so borrow against them in stablecoins. The protocol will automatically sell your assets if you do not repay the loan when your collateral isn’t any longer sufficient.
Automated market makers form the idea of the complete DeFi ecosystem. Without this, you’re cursed with the legacy national economy where you would like to trust your broker or clearing house or an exchange.
Automated market makers or AMMs, for a brief, allow you to trade one asset for one more supported reserve of both assets in its pools. Price discovery happens via external arbitrageurs. Liquidity is pooled supported by other people’s assets, and that they get access to trading fees.
How is CLEVER DEFI different from others?
Several factors distinctly distinguish CLEVER from other DeFi projects. Firstly, there was no pre-mine, which is a brand new concept in the financial industry.
Secondly, there aren’t any conditions whatsoever in holding CLVA token. There is no need to agree to any staking period, contract, or terms here.
Thirdly, there aren’t any penalties, just in case you wish to sell or purchase CLVA. Moreover, you’ll be able to jazz anytime you would like.
Lastly, the CLEVER team doesn’t own any initial supply of CLVA tokens. Without the prospect of pre-minting tokens, the team is rewarded with a fee of 0.1% each cycle. The project is estimated to become profitable after the completion of cycle 34.
CLEVER is fast becoming the way of the future in the financial world.