Dharmawangsa Teguh: Swan Finance is and decentralized world of finance

Swan Finance is and decentralized world of finance

INTRODUCTION

Swan Finance acts as a bridge between the worlds of centralized and decentralized finance. It provides the best of both worlds. SwanFinance offers an easy to use interface for earning interest, while SwanCredit provides a decentralized platform for peer to peer lending. While the crypto deposits are securely locked up on the SwanFinance platform earning interest, users can use their crypto deposits as collateral and lend to others to earn additional interest on the SwanCredit platform through an Automatic Credit Swap.

We use an ERC20 token called SWAN. Use the SWAN token to get the best interest rate. Stake SWAN tokens to earn higher interest, up to 20% APY on SWAN tokens and up to 12% APY for other cryptocurrencies listed below. You can choose one month or three month deposit lockup periods. Interest is paid out every 7 days using the SWAN token.

Issue DeFi

That is not in any event, checking the issues confronting DeFi right now. Attach rising gas charges, unprotected keen agreements (one broken bit of code can bring about a total loss of assets), an unstable organization, an absence of resource protection, and a not very good UX, it will take some huge critical thinking aptitudes to address these issues. Obviously, a lot of tasks are capable. For instance, a contributor to the issue with DeFi is surprisingly a absence of decentralization.

This is mostly on the grounds that new tasks, similar to a DEX for instance, aren't prepared to deal with an enormous client base without probably some experimentation. Without working out the bugs and wreck ups, a ton of cash could be lost or even pulverized. Reformist decentralization is a semi-new methodology, where administration is offered out to clients over the long haul, versus at the same time where things can rapidly go south without the best possible direction.

Staking is an approach to acquire interest with your crypto by approving exchanges in a public blockchain, and it's not new. Different cycles of it have been around since crypto's beginnings. Think mining, however without all the gear, high energy bills, step by step declining rewards, and obviously, the ever-present danger of a 51% assault. staking crypto is similar to putting away your cash with a bank. In any case, there are evident downsides to customary bank contributing, one being you gotten it centralization.

Swan Security

Your cryptocurrencies and stablecoins are safe with us. We designed the platform architecture to provide as many safeguards as possible. We keep most of the cryptocurrencies in cold wallets until they are needed for transfers or withdrawals.

We safeguard your wallets and your cryptocurrencies with multiple ways to verify your identity from your login to your withdrawals. Our platform is as safe as the online accounts that you use for your banks.

Swan Security

Swan Ecosystem

We are starting with SwanFinance. But it is just the beginning of the Swan Ecosystem that will include: SwanCredit, SwanInvestments, SwanPay, Swan.Exchange, SwanTrade, and SwanWallet. There will be even more ways to receive benefits and discounts for staking and using SWAN tokens.