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Security is paramount in DeFi (decentralised finance). A brand new protocol offering yield farming as a service, Gnox (GNOX), has been shortlisted by several crypto experts as the most secure crypto start-up. Following the release of its smart contract audit done by SolidProof, a top german firm, Gnox's smart contracts are some of the best in the sphere. They are potentially outperforming even those belonging to Cardano (ADA) and Curve DAO (CRV).
Gnox has launched on the Binance Smart Chain, and the protocol is fully operational. Following a highly successful ICO phase, the token is live, and investors are already generating passive income. Technically the Gnox treasury is generating passive income for holders. Funded via buy and sell taxes, the treasury earns in DeFi, and the generated yields are split proportionally amongst investors depending on how much GNOX they hold.
With GNOX trading on the open market, every transaction accumulates revenue in the treasury and magnifies its earning potential. Making DeFi earning easy, Gnox is a low-touch solution bringing the profits of yield farming to ordinary crypto investors. Refining a complicated process into a single investment vehicle, Gnox is making DeFi profits more accessible.
On September 12th 2021, Cardano developers launched the Alonzo hard fork, bringing smart contract capability to the network, and ADA saw an enormous rally leading up to this event. The Vasil hard fork is widely considered the most significant upgrade to the network since the Alonzo update and will massively improve the scalability of the Cardano network. Will history repeat itself, and will ADA see another massive rally as the upgrade approaches?
ADA trades comfortably above $0.50, and with 73% of its total supply staked, investors are showing that they think the token has much further to climb.
Curve DAO (CRV)
CRV is the governance and liquidity incentive token of the stablecoin DEX (decentralised exchange) Curve Finance. CRV has multiple uses within the Curve ecosystem, it can be used to boost rewards in liquidity pools, or it can be locked in exchange for veCRV, which allows investors to vote on the distribution of CRV on the platform.
Curve Finance has attracted massive swathes of liquidity, benefitting more than most from the market downturn. Despite the changing market sentiment, Curve Finance still has more than $6 billion of liquidity and remains the go-to place for investors looking to generate yield with stable assets.
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.
