Expand Your Crypto Portofolio With These DeFi Coins: Convex Finance (CVX), Loopring (LRC) and Sanzooz Finance (SZFT)


Despite the adverse conditions, there are still only a few cryptocurrencies that seem to be performing well in the current cryptocurrency market.

We need to fully grasp their meaning by realising that algorithms and decentralised computer programs will be the only tools available for creating value in the near future. 

A more advanced technology called DeFi based on blockchain, which stands for decentralised finance is replacing the infrastructure in the traditional financial industry. 

Blockchain technology can potentially disrupt existing financial intermediaries such as banks, brokers, and wealth managers due to its ability to open up markets and make them permissionless. 

DeFi protocols like Loopring (LRC) and Convex Finance (CVX) have proven successful, and new ones like Sanzooz Finance (SZFT) are poised to be released soon, making it a good time to invest in them, as they can take you to the million-dollar mark.

Convex Finance (CVX) = No gas fees

Convex finance (CVX) is a DeFi protocol that allows Curve (CRV) liquidity providers to earn trading fees while boosting their own CRV without locking it. 

Liquidity providers can increase CRV and earn liquidity mining rewards with minimal effort. Users can stake CRV through Convex by receiving trading fees and a share of boosted CRV. 

In addition to improving capital efficiency, this allows for a better balance between liquidity providers and CRV stakeholders.

Unlike other cryptocurrencies, CVX has no withdrawal fees and minimal performance fees. The performance fees are allocated towards gas, and the rest is distributed to Convex Finance (CVX) holders.

CRV stakers and liquidity providers also receive liquidity mining rewards in CVX. Thus, in need of a platform that would allow users to receive CRV in the most simplified way and collect rewards directly without auto-selling, Convex Finance (CVX) happens to be a game-changer in the DeFi cryptocurrency space.

Loopring (LRC) is taking pressure off Ethereum (ETH)

Loopring (LRC) is a software platform powered by Ethereum (ETH). It is designed to promote the creation of new types of crypto-asset exchanges by incentivising a global network of users. 

Loopring (LRC) is trying to make Ethereum more responsive by utilising its network to process elements of Ethereum transactions. You can think of it as putting a service street off the main highway, which helps relieve congestion by transferring traffic.

By using a newer form of cryptography called zkRollups, “zero-knowledge rollups”, Loopring claims its platform will allow exchanges built on it to bypass the slow speeds and high costs associated with decentralised exchanges Ethereum. 

It focuses on reducing the number of transactions that the Loopring exchange needs to submit to the Ethereum (ETH) network, thus increasing speed and reducing costs for traders, unlike other decentralised exchanges, where the Ethereum network must confirm trades.

This technique that lets a computer program claim data without actually sharing the whole data makes the ethereum blockchain more suitable for DeFi applications.

Loopring (LRC) claims it can perform over 2,000 trades per second with this technique and allows users to be confident that the transactions are genuine and have not been tampered with by any unwanted parties. 

Sanzooz Finance (SZFT)

Sanzooz Finance (SZFT) is an Ethereum (ETH) based protocol for issuing decentralised artificial assets.

Even though they are derived from physical assets, artificial assets lack value. 

Sanzooz Network Token (SZFT) will be a major player in the tokenised contract of artificial assets, revolutionising traditional asset collation methods.

It’s safe to assume that the traditional idea of Artificial Assets will undergo many more changes in this novel market of DeFi.

Furthermore, in their mechanism, Sanzooz Finance (SZFT) has promised to ensure that the SZFT stakeholders will be rewarded for maintaining an optimal Collaterisation Ratio that they have kept to 750 per cent of the actual asset.

Sanzooz’s ultimate goal is to dominate derivatives trading on actual assets such as Fiat currencies, commodities, Cryptocurrencies, inverse cryptocurrencies and cryptocurrency indexes from decentralised sources. 

As there is no order book, all trades will be executed directly against the contract.

In effect, assets will be assigned a rate and converted via the Sanzooz Exchange dApp, resulting in infinite liquidity up to the value of collateral, zero slippage, and permissionless on-chain trading. 

Sanzooz has put forth a mechanism where it’ll make it possible to execute these trades seamlessly and with a lot more options than the current DeFi market. 

This mechanism addresses the liquidity and slippage issues that DEXs face. 

Sanzooz has also devised a risk mitigation strategy to ensure the safety of investors’ funds.

In addition to their risk mitigation system, they have also introduced their governance model, a multi-DAO system with separate functions for each DAO. In the past, we’ve planned to create a Council, Protocol DAO, Sanzooz DAO, Ambassadors DAO, and Grants DAO.

Thus, Sanzooz Finance (SZFT) looks promising in delivering one of the most sophisticated and useful Ethereum (ETH) protocols.  

Many people remain sceptical of DeFi since it is just about tokens. However, this misses the point. Tokens can represent anything, including real estate, social clout, employment, membership in a community, and more.

Thus, Sanzooz Finance (SZFT) might significantly influence several digital DeFi space areas, and prospective investors in cryptocurrencies should be mindful of this.

Additionally, investing in Convex Finance (CVX) and Loopring (LRC) can also add an aspect of diversity to the investors’ portfolios.

Presale: https://sale.sanzooz.finance/register 

Website: http://sanzooz.finance 

Telegram: https://t.me/Sanzooz_Finance 

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

None of the information on this website is investment or financial advice and does not necessarily reflect the views of CryptoMode or the author. CryptoMode is not responsible for any financial losses sustained by acting on information provided on this website by its authors or clients. Always conduct your research before making financial commitments, especially with third-party reviews, presales, and other opportunities.