Altcoin Investing Pick: the Ethereum of Web3 Finance
Hey everyone,
it’s Pick Day!
Every Saturday, you get deep dives on quality Altcoin projects that have numerous growth potential included in our watchlist.
Let’s dive in!
The Ethereum of Web3 Finance
That’s what we call our next pick.
While there are hundreds of DeFi applications on dozens of different Layer 1 chains, they’re all theoretically limited in their capabilities because they are hosted on generalized chains.
Developers are therefore limited in building DeFi apps on Ethereum, for example, because of how the protocol is built.
On this platform, developers can actually build liquid staking protocols, lending markets, credit systems, decentralized exchanges, yield products and derivatives.
Building the ultimate layer of Web3 Finance
Our next pick is a DeFi platform that is trying to build the ultimate layer of Web3 finance.
The company has a Total Value Locked of $136.97 millions and it has industry-leading backers like Jump Capital, Pantera, 1confirmation and many more.
Its current price is $0.0633 with a maximum peak of $1.74 on April 2022.
The company’s vision aims to empower users with stable financial tools and innovative DeFi services through the integration of cross-blockchain interoperability, enhanced liquidity management, and user-centric governance.
Now let’s tell you which project we are talking about and share the full investment case with you: