3 DeFi Cryptocurrencies That Are Soon-To-Be The Next Big Thing! Sushi Swap (SUSHI), Cashfi (CFI) And Pancakeswap (CAKE)
Bitcoin, one of the earliest and most successful coins, was one of cryptocurrency’s digital assets that changed the world’s financial sector dramatically, but Bitcoin had its lapses and failed to connect with other projects; this lack soon brought about the birth of DeFi.
In earlier years, investors had to rely solely on bankers or bank managers to take care of their funds. Still, the advent of cryptocurrency has brought irreversible change to the financial service industry worldwide.
Cryptocurrency has helped investors gain great control of their funds and assets through the means of Decentralized Finance (DeFi). DeFi allows users to control and regulate their finances without involving a third party.
DeFi coins are a hot topic for crypto enthusiasts, with many pursuing top DeFi coins to purchase and invest in. Here are three cryptocurrencies that could be the next big thing in DeFi: SushiSwap (SUSHI), CashFi (CFI), and PancakeSwap (CAKE).
SushiSwap (SUSHI)
SushiSwap (SUSHI) is a DeFi token and decentralized exchange that provides users with an alternative to liquidity provider (LP) tokens exchange. It has many DeFi products and services, and its native token is SUSHI.
SUSHI is a governance token, meaning users can decide and influence the coin’s future. Its users are called “DeFi chefs” because it is a food-themed DeFi, hence users are challenged to become the ultimate chefs.
The platform helps users enjoy the privilege of buying and selling through the native token SUSHI and decentralized exchanges; in short, the users get the chance to earn, swap, borrow, lend and leverage in the community.
SushiSwap is also a safe platform to invest in because all decentralized exchanges in the forum are connected, and this avoids third-party intrusion on user’s financial records.
CASHFI (CFI)
CashFi (CFI) is a DeFi ecosystem token that gives users access to various assets through a unique fee-sharing structure. The platform seeks to develop and create a well-built ecosystem that can deliver swift and reliable services.
Its native token CFI can be used for liquid staking and other transactions on the platform.
The coin makes use of the proof-of-stake (PoS) method, and CashFi can be used to increase the value of PoS tokens by leveraging its liquid staking platform.
The CashFi ecosystem can also help mint and launch non-fungible tokens (NFTs) in a quality NFT marketplace.
With its ERC-20 token, CashFi offers reliable liquid staking solutions to help users gain more profit when they access liquidity by staking CFI, which can be achieved by using fee-sharing to give users access to asset classes.
When it comes to the most effective staking solutions, CashFi comes first. It helps users generate a massive liquidity pool like never before and this gives traders confidence to stake in their assets and earn a profit on them.
PANCAKESWAP (CAKE)
Built on the Binance Smart Chain (BSC), PancakeSwap (CAKE) is based on the automated market maker model, making it possible for users to trade on liquidity pools. In addition, it relies on smart contracts in carrying out financial transactions.
Its native token, CAKE, is a governance token that allows its holder to make decisions; it is affordable for users and will enable them to win NFTs, which can be swapped for CAKE tokens.
The platform owns liquidity pools called SYRUP pools – the best option for traders who have an interest in staking and yield farming.
The coin shares close similarities with Uniswap, another swapping cryptocurrency where currencies are exchanged for coins without the interference of third parties.
LINKS
CashFi (CFI)
Presale: https://enter.cashfi.app/register
Website: https://cashfi.app/
Telegram: https://t.me/CashFi_Token
