Polygon (MATIC) and Uniswap (UNI) have managed to establish a strong reputation by building use cases that appeal to users. While Uniswap (UNI) provides hassle-free trading for Ethereum (ETH) tokens, Polygon (MATIC) has managed to provide fast and low-cost solutions for various dApps. The CashFi (CFI) Token seeks to provide cross-chain solutions for the NFT and synthetics asset category. Let’s find out why the CashFi (CFI) Token could potentially match the success of Polygon (MATIC) and Uniswap (UNI) in the long term.
Ride the synthetics Asset Wave with CashFi
The CashFi (CFI) token seeks to serve as the native currency for an NFT marketplace and a synthetics trading platform. Synthetic assets represent tokenized representations of various commodities. It is a billion-dollar industry comprising very few players and CashFi (CFI) could provide serious competition and emerge as a potential long-term success story. The CFI Token will be available through a presale soon.
Trading commodities via traditional channels can be inconvenient. Problems of storage and low liquidity are frequently encountered by buyers. CashFi (CFI) will help in connecting traders interested in trading commodities through CFI synths. The CashFi (CFI) token is multi-chain and interoperable, and will help users in overcoming the problems of high gas fees.
The CashFi (CFI) token will also provide governance and voting rights to its holders. The community will decide the future roadmap and users will also get a share of the trading fees as rewards.
Given its strong use case, CashFi (CFI) could potentially rival the likes of Polygon (MATIC) and Uniswap (UNI) in the long term.
The CashFi (CFI) Token has an edge over other decentralised exchanges because it will target a space that has little competition with very few players. The synthetic assets sector is still undergoing a transition to the decentralised blockchain space and CFI Token could potentially be a great investment asset as it provides users the ability to trade CFI Synths on multiple blockchains easily and quickly.
CashFi (CFI) and Koala Token (MKOALA ) Launch Travel Protection Lending on Polygon (MATIC)
CashFi (CFI) is powered by Teller and Polygon (MATIC) and makes use of Ensuro smart contracts. Users can lend their capital to a USDC pool and earn attractive APRs of a minimum of 15%. Koala Token (MKOALA), on the other hand, provides users the ability to cancel trips at any time and save on expensive cancellation fees. Users will now be able to get the assurance of the Polygon (MATIC) network and low gas fees due to MATIC transfers. Teller Founder and CEO Ryan Berkun commented, “We’re excited to help our partners unveil the first DeFi-native travel protection program and usher in this new era of lending and borrowing tied to travel.” This is a pioneering step for the adoption of DeFi in the travel sector. The MATIC Token can be considered along with CashFi (CFI) and Uniswap (UNI) for the long term.
Uniswap (UNI) Achieves the Largest Volume Among DEXs
Uniswap (UNI) remains the preferred destination for most users. As per data from Dune Analytics, the Uniswap (UNI) decentralised cryptocurrency exchange powered by the UNI token has the most trading volumes among all DEXs. The Uniswap (UNI) exchange also created a record in the past week by registering the highest number of traders on its platform. A total of 98,644 traders used the site in the last seven days. The UNI Token is used inside the Uniswap (UNI) exchange and provides attractive discounts and higher APYs. A larger volume generated on the exchange means bullish news for the UNI Token. Decentralised exchanges are becoming popular as cryptocurrency investors seek more control over their assets.
You can add the three cryptocurrencies listed above to diversify your portfolio. Always use the dollar-cost averaging method for accumulating huge volumes. It is also advisable to withdraw profits at regular intervals and build up a bigger and more diversified portfolio in the long term. The CashFi (CFI) token is currently at the presale stage passive, and its reward system could also help you in increasing your holdings in the long term.
Learn more about CashFi (CFI):
Disclaimer: This is a paid release. The statements, views and opinions expressed in this column are solely those of the content provider and do not necessarily represent those of Bitcoinist. Bitcoinist does not guarantee the accuracy or timeliness of information available in such content. Do your research and invest at your own risk.