3 Coin Reviews for Investors: HypaSwap (HYPA), Convex Finance (CVX), and Cosmos (ATOM)
Cryptocurrencies are all the rage right now, and for good reason! They offer investors a way to make money that is outside of the traditional stock market. If you’re thinking about investing in cryptocurrencies, read on for reviews of three popular coins: HypaSwap (HYPA), Convex Finance (CVX), and Cosmos (ATOM). You may just find your new favorite investment!
Before decentralized finance (DeFi), the traditional banking system was characterized as a complex and inefficient network. From past to present, central authorities have controlled every aspect of finance, from transactions to loans and stock prices. As a result, inadequate service and unfair practices have become a common occurrence.
With the launch of DeFi, the entire banking system has evolved into a much more flexible framework where any individual can easily lend and get loans. Built on top of the Ethereum (ETH) blockchain, HypaSwap (HYPA) is one such DeFi platform. The project is a liquidity protocol that allows lenders and borrowers to exchange assets through a liquidity pool.
Here, lenders lend their crypto assets to HypaSwap (HYPA) and earn an interest rate on their locked assets. Borrowers borrow assets from the liquidity pool against collateral.
Although decentralized finance (DeFi) technology is not completely risk-free since it is still new, it can be said that HypaSwap (HYPA) is much more competent and risk-conscious than the traditional banking system. HypaSwap’s highest priority is to be aware of the risks involved and external threats that may occur. HypaSwap (HYPA) has also introduced a comprehensive structure for community members to actively participate in non-banking activities such as staking and collateral swapping.
Members are encouraged to deposit more tokens to earn higher returns on their investments on the platform and receive rewards for their active participation. In addition, the project team states that the platform will be managed by a DAO consisting of developers and community members in the future. This DAO will also be responsible for keeping order in the community and making decisions on controversial issues when needed.
Convex Finance (CVX)
Convex Finance (CVX) is a DeFi project built on the Curve platform. Convex Finance is designed to optimize the Curve protocol, a platform that enables the exchange of similar assets.
CRV is received via Convex Finance protocol and all CRVs are locked as a large asset. Currently, the Convex Finance protocol is the largest owner of the locked CRV by order of magnitude. Thus, Convex Finance Finance (CVX) users enjoy the maximum benefits of the locked CRV. The simplicity that Convex Finance offers and the single activity it focuses on makes the platform successful.
It’s not that hard to hold a token and calculate how much income or cash flow it can generate. Convex Finance (CVX) has a fixed supply of 100 million coins. 78.5 million of these tokens entered the market. This means that around 33% of coins will continue to be mined. The vast majority of these tokens will also go to Convex Finance users. The fact that most of the tokens will go to the community and only 33% will be issued is a positive development for the future price of CVX.
Now let’s turn our heads from the supply side and look at the demand side. To measure demand, it is necessary to ask the question: Why would you want to hold a CVX token? By holding a CVX token, you receive a share of all Convex Finance revenues. CVX represents an ownership stake in the entire Convex Finance protocol. Looking at the historical data, it is clear that the return of CVX is not very high. There is also a way of earning, such as locking CVX tokens for weeks and then receiving bonuses from various protocols that reward Convex Finance Finance (CVX) stake.
Cosmos (ATOM) ranks 24th in total market capitalization today. Since its launch in March 2019, ATOM has been listed on dozens of exchanges and continues to attract attention despite limited updates. Although it sounds ambitious, Cosmos is called “Blockchain 3.0“. It strives to make its infrastructure as user-friendly as possible.
Ensuring separate blockchains communicate with each other seamlessly is no ordinary task. We have a strong project built on a strong foundation before us. Cosmos (ATOM) is doing its part to ensure that the entire crypto market can benefit from any development.
Cosmos (ATOM) is a good place to start. It’s worth a try if you’re only investing money you can afford to lose. If your crypto assets make up a small part of your overall portfolio, you will be less affected by possible price drops. So it’s good to be cautious.
While it is always important to do your own research before investing in any cryptocurrency, HYPA seems like a good idea for those looking for a long-term investment. CVX offers some unique features that could make it appealing to certain investors, and ATOM is an up-and-coming coin with lots of potentials. Do your own due diligence before investing in any of these coins, but HypaSwap (HYPA) looks like a promising option.
More Information HypaSwap (HYPA)