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Protocols have been busy building throughout crypto winter. With the reversing market conditions, a new slew of projects are aiming for the top 100, and these disruptors will challenge the current status quo. The digital asset space is driven by meritocracy, and protocols that deliver value will always thrive. With such rapid development, even the established crypto giants must consistently prove their worth.
Gnox (GNOX) is a yield service bringing accessibility to DeFi (decentralised finance) for ordinary investors. An announcement of a $50,000 capital injection to its treasury fund could see Gnox launch fantastically and target a spot on the top 100 alongside Fantom (FTM) and LidoDAO (LDO).
Gnox simplifies DeFi earnings and allows all investors to participate meaningfully within the sphere. Granting access to the profits of yield farming, Gnox has created a single investment vehicle for DeFi exposure. Through its buy and sell taxes, Gnox builds a treasury fund that does the earning for investors within battle-tested protocols.
The announcement of $50,000 being added by the team means that the earning process will begin at launch, and every GNOX holder will be receiving their first stablecoin reflection in exactly 30 days. GNOX represents a hands-off and low-stress option for generating yield and participating in the profits of the rapidly evolving DeFi ecosystem. With its growth-focused nature and guaranteed monthly income, GNOX is an excellent choice for investors with long-term horizons that want to build an increasing passive income stream.
Digital assets are famously volatile, but FTM, the native token of the Opera mainnet, is notorious even amongst cryptos for its volatility. For this reason, traders love FTM with its high intraday swings, and the other group most attracted by this token is DeFi enthusiasts. The Fantom ecosystem is undoubtedly one of the most organic and thriving within DeFi.
With Beethoven, SpookySwap, Tomb Finance, and hundreds of other protocols calling Fantom home, the opportunities to generate yield are nearly endless. FTM trades at $0.38 and currently ranks 55th, but the next bull market cycle will see Fantom tear through the rankings.
Lido is an ingenious solution to the illiquidity of staking ETH. As the merge draws closer more and more ETH holders are staking their ETH on the Beacon Chain, but this ETH is locked until the merge is completed. Lido introduces liquid staking, which allows participants to mint stETH, meaning they can continue to earn staking rewards whilst utilising the stETH tokens in DeFi. This layered earning solution has exploded in popularity.
LDO is the governance token of Lido, and as the protocol draws more liquidity, the token continues to flourish. Adding new staking options to the platform, Lido continues to grow. LDO is an excellent choice for investors because governance tokens share the success of their native platforms, and Lido is thriving.
Website: https://Gnox.io
Telegram: https://t.me/gnoxfinancial
Twitter: https://twitter.com/gnox_io
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
