Decentralised Finance (DeFi) seeks to remove the bottlenecks in traditional financial institutions such as banks and is considered as the biggest revolution in the cryptocurrency industry. Chainlink (LINK), Compound (COMP), and a new cryptocurrency Seesaw Protocol (SSW) are driving the current interest in DeFi coins.
As a cryptocurrency investor, you should try and spot coins during the launch phase (or soon after) as an investment during these early periods can bring about manifold returns. The Seesaw protocol seeks to make the DeFi field even and readily available even for retail investors.
The LINK token is used by many DeFi protocols to securely import price feeds. The Chainlink coin is used as a governance token and can also be staked. It is an important enabler of the DeFi space and has achieved an all-time high price of $52.70 on May 10, 2021.
The LINK coin is currently exchanging hands at the price level of $14.04 at the time of writing. The Chainlink token is being strongly accumulated by seasoned investors as it could potentially provide huge gains in the future. As the cryptocurrency sector gains more mainstream acceptance, the DeFi space could explode in the future and tokens like LINK could be an attractive investment opportunity.
The COMP token drives the ecosystem behind Compound. The COMP token is used for governance purposes and users can lend or borrow assets inside the compound ecosystem. Interest rates are very attractive and are set through an algorithm based on the law of demand and supply. The Compound coin had reached an all-time high price of $910.54 on May 12, 2021.
It is currently trading at the price level of $121.96 and is seeing a lot of renewed interest among both amateur and seasoned investors. It could be a good investment option for those looking at long-term gains in the future.
The Seesaw protocol is a multi-chain farming enabled Defi ecosystem that has a native token known as SSW. The SSW coin is multi-chain compatible and will run on three blockchain networks initially. It will exist as an Ethereum token, Binance Smart Chain (BEP-20), and also on the Polygon network.
The Seesaw ecosystem will comprise of an NFT marketplace, swap mechanism, and cross-bridge for token transfers. The SSW token will redistribute rewards to token holders from the buy tax which is at 3%. A part of the marketing fund will be used to fund educational institutions across the world.
The Seesaw protocol has ambitious plans and will include activities in these domains: Multimedia streaming and storytelling, Immersive Audio Experience, Virtual 3D Reality, Augmented 3D Reality, Synthetic Smell Generation, AI, Gaming, and Haptic Feedback.
Advantages of Buying SSW
A huge advantage of holding the SSW token is that it will provide a source of passive income to all its holders. Simply by keeping the token in your wallet, you will be eligible to receive rewards generated each time the token is purchased by anybody.
The Seesaw protocol will help liquidity pools and automated market makers (AMM) to increase their pools and help them connect with other chains. This could prove to be of immense use as currently liquidity pools are independent and cannot communicate with other blockchain networks. A multi-chain token like SSW could help DeFi increase its market presence.
The SSW coin just completed its presale but you can easily purchase it on PancakeSwap. Follow the links below to learn more about the Seesaw protocol and the SSW coin.
A successful portfolio should comprise of diverse tokens. DeFi is one investment opportunity in the crypto sector that has delivered huge gains in the past. The above three tokens can be explored if you are looking for an interesting and upcoming investment opportunity in DeFi.