Narwhalswap: the way forward for DEFI

in #defi • 4 years ago

Due to the growth in cryptocurrencies and blockchain there had been lots of people coming into crypto and this has resulted to a boom in DEFI and this is really a great and good archievment for DEFI, but there is actually a problem and the problem is that the native chain of DEFI is becoming more and more congested, which makes it slower and more cost , and this makes investors being inconvenient with DEFI , which is actually a problem to DEFI, and it's actually time for we to move
forward.

So what's the way forward

There's is actually an answer to that question but first of all let's get to know the meaning of DEFI

Meaning of DEFI

DEFI is an abbreviation of Decentralized Finance, it's a term which covers variety of applications in cryptocurrency and blockchain geared towards disrupting financial intermediaries.
So now we have known the meaning of DEFI let's go over to the way forward

Narwhalswap

IMG-20201123-WA0013.jpg

Narwhalswap swap has proven to be the way forward. Narwhalswap is aiming to expand the DEFI ecosystem and there intend doing this on Binance smart chain (BSC), due to the fact that current DEFI has really been congested and couldn't perform task as fast as possible therefore Making investors not being comfortable with DEFI, Norwhalswap has given a helping hand to this situation.

What is Narwhalswap

Narwhalswap is an Automated market maker (AMM) protocol which is on Binance smart chain, which focus on expanding the DEFI project on this chain to overcome barriers and make glorious the world of DEFI. In the process of expanding DEFI project Narwhalswap adopted a combination design concept to attract many investors and developers to the project.
Now we have got to know what Narwhalswap is and how there intend on moving DEFI forward to the next level, let's get to know more about Norwhalswap

NORWHALSWAP PROTOCOL

The common model of AMM is by depositing a token pair in a liquidity pool, the trader will receive a % fee from the transactions in the pool. Currently, the most popular model combines the AMM model with Yield Farming.
This model sees the staking of a token pool’s Liquidity Pair token which in turn, earns even more rewards for the trader. This staking of LP tokens to earn rewards is also known as liquidity mining.‌
However, there is one drawback of this popular AMM + Yield Farming model. Some of these projects follow a model which allows for unlimited minting of tokens. When demand becomes less than the supply, inflation occurs — which then makes their liquidity mining unsustainable in the long run.‌ This is a problem of instability in AMM + yield farming model. But I think there is nothing to worry about because Norwhalswap has offered to give a helping hand to this problem and move towards sustainability, Narwhalswap have created a Protocol to optimize the system
Narwhalswap has assigned a total of 21,000,000 Nar for the sustainability of thier token, Narwhalswap has provided a liquidity mining which takes full staking opportunity of other BSC project in the network and will continue to invite more project to join their efforts.
Narwhalswap allows the staking of other projects tokens, which will provide the trader with an NLP token ( Representation of Narwhalswap token, with this NLP token we can be able to earn NAR token, we can also use NLP tokens for liquidity mining in other quality projects of the BSC network.
With this enterprise, Narwhalswap will assist other projects to have freedom to grow their own token, without the burden of creating and sustaining their own swap in the BSC network.

IMG-20201123-WA0014.jpg

Conclusion.

Narwhalswap has seen that DEFI is really being congested and this will make things not go well for DEFI, so Narwhalswap is giving a helping hand to move DEFI forward to the next level, to archieve this great movement there are aiming on expanding DEFI ecosystem on Binance smart chain (BSC).
And also Narwhalswap welcome all DEFI project, yield- farmers , crypto lovers, Decentralize believers and the rest of the world to join them and build this great community together.

Important and useful links to Norwhalswap

Intro: https://medium.com/narwhalswap/50fc4a2ca83f

-Telegram link: https://t.me/narwhalswap

#narwalswap #bsc
4 years ago in #defi by
$0.00
    Reply 0