Home News Stand Can HypaSwap Compete Against Prominent Cryptos Like AAVE By Offering Enormous Bonuses?

Can HypaSwap Compete Against Prominent Cryptos Like AAVE By Offering Enormous Bonuses?

The fragile nature of the market keeps the majority at bay. Recently, a manager at Coinbase was reported for an alleged scam case, which did leave its impact on the charts. Many exchanges, including Voyagers, The Arrows Capital, and Celsius, filed for bankruptcy.

 

These events are morale killers for the traders around the world or the people who’ve already had a fair share in the market with the hope to recover it someday. Experts repeatedly highlight the need for a regularization system to institutionalize this infrastructure and build trust.

 

Despite the lowest trust levels, people are jumping on the bandwagon to try their luck. We don’t encourage this because it’s an aimless arrow. And nine out of ten times, it surely will miss the target. It’s useless unless you have the aptitude and nerve to trade.

 

It only comes when you’re immersed in the subject and realize what actually drives the price and an underlying principle of any token. In this guide, we’ve taken a deep dive into HypaSwap (HYPA) and Aave (AAVE) – to build your understanding around these coins.

 

HypaSwap (HYPA) – New DeFi Token Enters The Crypto World

Defi is at the center of any Cryptocurrency. If this infrastructure were a tree, Defi would have been its root. This explains the significance of the Decentralized Finance protocol. HypaSwap (HYPA) utilizes this protocol and establishes a network that it connects the lender with the borrower.

 

Banks, too, claim to fill this gap with their assurance, but it not only enervates you with the exhaustive documentation involved but is often risky as there’s a third party controlling your asset.

 

With HypaSwap (HYPA), it’s precisely the opposite because it’s coded and run by smart contracts where everything operates in a decentralized manner and without anybody’s claim over your asset.

 

HypaSwap (HYPA) is built over the Ethereum blockchain. Lenders, in this case, have an opportunity to earn an interest rate over the money borrowed. There’s a stipulated percentage that a borrower needs to pay extra. The lender is also compensated with additional incentives from the platform. So, there’s a win-win situation for the ones who lend.

 

Contrarily, the borrower is asked to pay an interest rate, and the loan can only be acquired if 150% collateral is locked into the pool. If they fail to pay the loaned amount, the locked assets are liquidated and distributed among lenders to cover their loss.

 

For those who’re in it to play fair, it’s more lucrative than banking systems. The network plans to add several coin options to enhance the platform’s versatility and enable anyone with any coin to lend/borrow.

 

Additionally, the stakeholders do have a chance to stake their tokens on the platform for rewards. And they, too, can be a part of the governance system if they stake some. DAO isn’t yet practically implemented, but it plans to add this feature soon. This would grant access to the users on board, enabling them to steer the network and formulate decisions.

 

Aave (AAVE) – Established Lending Platform

Previously, it was launched in 2017 as Ethlend to promote borrow/lending protocol over the Ethereum blockchain. But the project failed due to the bearish trends and disappeared. Until recently, in 2020 – Aave (AAVE) came again into the picture. The coin’s purpose is the same as HyaSwap to link the lender with the borrower via the pool.

 

Ones who intend to borrow take it from the collection (encoded smart contract) – the proportion of coins in the pool determines the percentage of interest over the initial sum. Similarly, it’s the lender who earns over his locked amount. It caters to various digital currencies and is in the expansion phase to add many more.

 

These coins serve the same cause, endorsing lending/borrowing practices, backed by smart contracts. But we’re more inclined towards HypaSwap (HYPA) as it’s newer and already has a sale ON!

 

All you’ve got to do is to have someone buy HypaSwap (HYPA) worth 200 USD, and both the parties involved would be rewarded with a bonus of 50 USD worth of tokens for free. How does that sound? Hurry up; it’s ON for a limited time.

 

 

For More Information On HypaSwap, Click Here:

Presale: http://join.hypaswap.io/ 

Website: http://hypaswap.io/ 

Telegram: https://t.me/HypaSwap

 

 

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