Decentralized Finance (DeFi) is an upgrade to the traditional banking system. Traditional banking has several shortcomings regarding how money is managed and services are delivered.
Blockchain technology’s emergence paved the way for the masses to democratize financial power. Overall, over the years, this feature of the blockchain has encouraged people to use trustless, autonomous, and open-source blockchain ecosystems for their transactions.
DeFi adoption has risen to over 880% worldwide. With smart contracts and other values stored therein, there is room for more growth. Smart contracts were a feature of the Ethereum (ETH) blockchain ecosystem.
VertoChain (VERT), a decentralized protocol, aims to cater to its users’ financial markets’ needs. It helps them to manage their digital assets over multiple blockchains effectively. Just like Ethereum, VertoChain will be integrated with smart contracts.
How is VertoChain (VERT) Contributing to the Future of DeFi?
VertoChain (VERT) is decentralized finance (DeFi) platform that is built on the Binance Smart Chain (BSC). The VertoChain ecosystem is built to remedy the fears inflated by the mainstream media by providing unbeatable and safe services to users. Users of VertoChain will have the latest and essential tools and features at their disposal that will give them access to gain the most from the platform.
VertoChain is an emerging platform that will contribute to the future of decentralized finance. The platform will be built on a template for successful implementation. This means that the team will combine expert service delivery with the essentials of decentralized finance the way we do will lead to an industry-wide revolution. These will be done without compromising security.
VERT, VertoChain’s native token, will give holders access to the platform’s features. Holders of VERT will be considered for special community roles like being part of the DAO. The VertoChain platform’s major characteristics include multi-chain farming, liquidity providing, and yield farming, all at competitive prices.
VertoChain intends to build a self-sustaining ecosystem in the long term. The VERT token is simply one of the ways we want to raise revenue for VertoChain development. The platform’s core infrastructure will be developed so that its growth will not be measured just in terms of DeFi class tokens.
VertoChain is Community-driven Like Ethereum (ETH)
A team comprising community members will manage most of VertoChain’s operations and environment. The team, the treasury committee, and a few VERT community members will manage the ecosystem.
Several criteria will be established to determine who becomes a member of the users’ representatives. They will be VERT holders and users first and foremost. The average number of tokens in users’ wallets and off-chain and on-chain activity will be considered.
Ethereum is powered by the native token Ether, which enables users and holders to access the platform’s numerous features. Ethereum also allows for the development of other decentralized apps (dApps) on the blockchain network. Over the last 48 hours, Ethereum has suffered a 3.5% decrease in value.
VertoChain Might End Solana (SOL)’s Rivalry with Ethereum (ETH)
Solana (SOL) has been in constant rivalry with Ethereum, and this is because Solana’s growth to the top 10 cryptocurrencies was achieved in a very little time frame. Solana has cheaper transaction fees, and the technology is better. However, we must note that while Ether suffered a 5% dive over the weekend, Solana also suffered a 5% dive.
VertoChain aims to offer automated smart contracts and transactions. VertoChain users can swap supported tokens for around 0.25% of the assets. Direct conversion will be possible if the liquidity pool for any pair of tokens offers the best price.