The Few Firsts Shaking the DeFi Landscape – CryptoMode

Backed by all-star investors such as Double Peak, 0xVentures, Enzac Research, Genblock Capital and the like, Single Finance, the world’s first capital-protected DeFi 2.0 leveraged yield farming platform, is set to launch its highly anticipated IDO on Cronos launchpad VVS Finance on 19 JAN.

Single Finance shakes the whole DeFi landscape by achieving a few firsts:

the first leveraged yield farming platform on Cronos;

the first leveraged yield farming platform to offer capital protection;

the first liquidity pool performance database; and

the first IDO on the largest DEX on Cronos, VVS Finance.

Single Finance’s IDO is one of its kind: Cronos is the EVM chain running in parallel to the Crypto.org Chain, with access to the 10M+ user base of the Crypto.com ecosystem; VVS Finance is the first and largest DeFi on the Cronos Chain with a rapidly growing TVL of more than $1.3 billion; and Single Finance is the very first IDO on VVS Finance.

“Our project began with a bad experience with existing leveraged yield farming facilities. We had a leveraged position and suffered a flash attack. Asset price dropped 80% in just a few minutes, and we got liquidated and lost 105% of our capital. We thought we could have at least gotten half of our capital back, since we monitored the position very closely. But nothing we could do as the platform policy did not allow us to adjust the position.” the Single Finance team explained to DeFi enthusiasts during a recent AMA event.

Motivated by this brutal experience, the founders started to envision a new platform with high APY plus maximum drawdown. Most importantly, it would be a platform where farmers wouldn’t have to monitor the market and do all the complex yet time sensitive stop-loss procedures manually. At the end, the vision grew and flourished to become the Single Finance platform, providing different Single-Click Strategies of leveraged yield farming to achieve targeted return and manage risk exposure.

Single Finance incorporates the following three features to help tackle the problem commonly faced by both novel and veteran crypto liquidity farmers.

Single Click Pseudo Market-Neutral Strategy

Single Finance is bringing a human-centric, ultra user-friendly experience and capital protection to DeFi, helping everyone earn more money with an ease of mind. The primary goals of both new and experienced farmers are simple: to earn high yields without suffering too much impermanent loss or being liquidated in a flash. Single Finance users can simply supply assets and enjoy our pseudo market-neutral liquidity mining strategy with just a single click.

Marked-to-USD Capital Protection Bot

The best thing about Single Finance is that everything is marked to USD. Not only is APY worked out in USD, our capital protection mechanism is based on your initial investment principal valued in USD. Therefore, Single Finance strategy users won’t lose more than 15% of their capital in USD, as their capital is protected by a stop-loss bot and a rebalancing bot. Just pick your favourite liquidity pairs and leverage exposure on Single Finance, and our bots will handle the rest to keep your capital safe and your sleeps tight.