The recent years saw the crypto industry growing beyond expectations. Moreover, new technologies continue to flow into this sector. Decentralized Finance (DeFi) is among these sectors.
DeFi leverages blockchain technology to offer financial services without intermediaries. It eliminates out-of-date and long centralized systems and procedures via autonomous ‘smart’ contracts and replaces third parties.
DeFi coins facilitate various financial undertakings, including savings, insurance, and loans. Sanzooz Finance (SZFT) is the newcomer in the space, joining the likes of Aave (AAVE) and Uniswap (UNI) to ensure high-end DeFi services.
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Uniswap (UNI) – A Leading DEX
Uniswap is the leading decentralized exchange on the Ethereum blockchain. The DEX uses UNI as its governance token. UNI leverages ‘smart’ contracts to ensure ERC-20 tokens trading, running as an AMM (automated market maker).
Uniswap was among the first crypto exchanges to introduce an automated liquidity consensus to facilitate trade executions. Meanwhile, investors can trade without consent as the platform doesn’t have non-custody assets. Though suffering from the latest dip, speculations reveal an upside trajectory for Uniswap (UNI).
Aave (AAVE): A Unique Lending Platform
Aave is a decentralized finance protocol offering loans with a mechanism that appears opposite to visiting banks. It’s a trustless platform that uses ‘smart’ contracts to execute loans, eliminating intermediaries.
The lending platform processes loans in crypto and not fiat, such as the dollar. Meanwhile, users should provide collateral to access AAVE loans since there are no credit ratings or checks as far as the DeFi system is concerned.
While a bank would utilize physical collateral to secure loans, AAVE uses a liquidity pool. Participants deposit the crypto they want to lend in one liquidity pool (yield farming). Borrowers might secure the loans using the liquidity pools. They then pay interest to lenders, translating to a passive income. Such features attracted most investors to Aave, amplifying its value.
The Sanzooz Finance Ecosystem
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Sanzooz Finance is an asset issuance platform built on the Ethereum blockchain. Sanzooz Finance (SZFT) allows individuals to use smart contracts to trade artificial assets. The new protocol modified all DeFi system weaknesses to ensure top-notch services.
Sanzooz Finance took extensive research to identify risks and issues associated with decentralized exchanges and platforms. It introduced a risk-free network for users to mint assets via SZFT tokens.
That produces collateral while giving investors a stake within the protocol and ensuring multiple benefits, including exchange incentives. You can invest in SZFT amid its impending presale.