What the Gin Finance?
The DeFi market is scattered
While accessing DeFi applications (also applies on traditional finance), it is very difficult to have all the operations done at one place. To earn yield with stablecoin, users might have to first sell their holdings into stablecoin in an AMM DEX, then move to a stablecoin swap to exchange for another stablecoin efficiently, and finally they can get to a lending platform for yield. In this example, it is possible for users to go through three different Dapps. It makes DeFi, as well as cryptocurrency, inaccessible as the learning curve is too steep.
As a newly launched AMM DEX, Gin Finance aims to build a one-stop platform that gathers a variety of DeFi products. With a more congregated platform, DeFi users’ needs can be fulfilled all at once.
Project supporters are not rewarded
Since DeFi became popular in 2020, numerous retail investors, hedge funds and hedge funds are earning yields with their crypto holdings. With a more conservative portfolio management and more experience in the crypto market, they are more likely to sell the farming rewards to preserve capital and prevent loss.
It is a brilliant strategy, however, this is hurting the most loyal supporters of the project that are holding the tokens. Therefore, the Gin Finance is offering various farms including normal farming, vested farming, locked farming, also a Gin staking program that fulfill users with different risk profiles. Different amounts of rewards will be allocated for each of them to make sure that long term supporters are truly being rewarded.
Let the story beGINs with users
It is not hard to realise that most of the decentralised exchanges look very similar. It makes users easier to move over but it is rare to see improvement in user experience at the same time. For example, most of the DEX users still have to go through 4–5 steps in order to stake a liquidity pool token into a farm.
With an experienced team that has been in crypto for years, Gin Finance aims to have the product growing with users and the community, and make it one of the most user friendly platforms.
Demand of Layer 2
2021 was the year of Layer 1 Protocols. Several Layer 1 chains have popped up and their cons are becoming more obvious, namely scalability, decentralisation, security and stability.
With Ethereum still being the most popular blockchain, layer 2 allows the same level of decentralisation, security and stability, with a much cheaper fee which is the major weakness of Ethereum. As the market has cooled off a bit, it is very likely that layer 2 is going to be the next hot topic.
About Gin Finance
Gin Finance is the ultimate DeFi solution on BOBA Network. It is an open-source protocol for providing liquidity and trading ERC20 tokens on BOBA Network. It is secured by leading auditors, contributed by an experienced team and with its efficient swap and staking model, it is the best solution for asset liquidity and exchange. Gin.finance offers a wide range of decentralized applications including swap and liquidity staking to DeFi users at convenience.
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