CEO of Earnity, Dan Schatt, Shares DeFi Tokens to Watch Out for This 2022
If you feel that trading stocks yields too little but buying cryptocurrencies involves too much risk, look into DeFi-powered stable coins.
DeFi developers manage volatility by tying these tokens to fiat currencies. For instance, the widely known Tether (USDT) is powered by Ethereum and backed by the U.S. dollar, two of the most recognized entities in their fields.
However, you can’t just blindly buy thousands of USDT. The CEO of Earnity, Dan Schatt, advises crypto users—both new and experienced—to watch out for the following tokens in 2022:
Skip the tedious, mundane personal loan applications. AAVE offers a secure, decentralized platform wherein users can lend and borrow crypto assets almost instantly.
Unlike commercial banks, this platform doesn’t need a middleman. Lenders get to keep the full interest rates while borrowers enjoy lower amortization.
The CEO of Earnity, Dan Schatt, sees great potential for LUNA. It strives to become a complete decentralized finance platform for stable coin buying. Many merchants from Korea already accept LUNA transactions.
Note: Although its market value dropped, it could spike back up once the developers create a more inclusive, accessible marketplace.
Chainlink ranks among the widely recognized leaders in Oracles. In DeFi tech, Oracles collect and gather the data that smart contracts need to execute various actions. No blockchain technology would survive without Oracles.
Clover Finance (CLV)
Clover Finance serves as an accessibility tool for DeFi users. It integrates various blockchain platforms, streamlines the token marketplace, and provides detailed breakdowns of all the fees involved in DeFi.
You can explore whatever DeFi token you want. However, the CEO of Earnity, Dan Schatt, advises buyers and traders to perform their due diligence before shelling out any sum of money.
Stable coins are relatively less volatile than cryptos. However, you can’t expect every project or token to take off simply because they’re tied to fiat currencies. Never rely on a single source for signals.