Revolutux, Tezos, Aave: Three Cryptocurrencies To Change The DeFi Space

Decentralised finance (DeFi) buzz has been around for quite a while, and it's seemingly not going down anytime soon, with a plethora of new projects having strong use cases in that aspect of the crypto market. DeFi has been beneficial to early adopters providing perks and improvements on the loopholes of the traditional finance system.

However, DeFi's potential is still limited, which is why every trading year since the DeFi boom, we have new projects aiming to improve on existing limitations and increase adoption, as well as the accessibility of decentralised finance globally. The increase in DeFi's potential and usability will benefit everyone. It will enhance wealth creation and give you full control over your digital assets.

Existing DeFi tokens like Tezos (XTZ) and Aave (Aave), as well as the new cryptocurrency Revolutux (RVLT), have been tipped to take decentralised finance (DeFi) to the next level. We look into these cryptocurrencies in detail below.

Aave (Aave) – Top Notch Decentralised Finance Protocol

Aave (Aave) is one of the top decentralised finance protocols in the coin market. Aave provides users with the utility of crypto lending and borrowing and earning opportunities. Lenders get interest rewards when they find the platform's specially created liquidity pools.

Borrowers can collect flash loans for these LP (liquidity pools) using their cryptocurrency as collateral. Aave has been a household DeFi protocol since the beginning of the DeFi boom. As of 2020, Aave held the largest value of crypto locked in its protocol and boasted of being the first DeFi network to provide users with uncollateralized loan options in the DeFi market.

The interests in Aave loans can be fixed or varied, depending on which suits your condition. Aave allows you to make this decision on your own. The platform allows crypto lending and borrowing in over 20 cryptocurrencies giving users more options to explore.

Aave is the platform's native token and vital to the lending and borrowing utility. Aave can be used as a transaction fee, as well as a token that gives holders liberty to participate in decision-making that concerns the protocol's development.

Holders also get discounted fees for transactions on the Aave platform and other incentives and rewards. Adoption of Aave is growing quickly, increasing market penetration and DeFi's usability.

Tezos (XTZ) – The DAO Platform

Tezos is a decentralised blockchain network built on smart contracts that aims to offer advanced infrastructure without the risk of hard fork. The DAO platform allows token holders to participate in decision-making about the protocol upgrades via a democratised system. Tezos boasts of being future-proof with confidence that its features and technologies will remain relevant in years to come.

The blockchain has been adopted by high-profile businesses over the years, most notably Societe Generale — the French banking giant that planned to experiment with blockchain using a central bank digital currency. Tezos developer believes Bitcoin's remarkable failing is the lack of governance process to allow contribution from community members and the inability to issue new tokens through its blockchain.

Tezos improved on this through a unique staking mechanism with financial incentives to make honest contributions. Tezos developers aim to keep improving the ecosystem with additional features and strong DeFi functions that can change the face of the DeFi space in years.

Revolutux (RVLT) – Changing The DeFi Space

The DeFi space will witness a massive revolution in years to come, and Revolutux will be a huge part of it. The decentralised DeFi protocol aims to provide users with a digital trading platform that provides users with cheap transaction fees, a high degree of freedom (no intermediary), low risk, and frictionless trading.

The innovative ecosystem aims to increase cryptocurrency adoption, providing people with the opportunity to be more financially empowered and connected while leveraging technology to protect their privacy, security, authority, and autonomy.

The Revolutux token (RVLT) is a BNB smart chain-based deflationary token that powers Revolutux Defi. Every trade in the ecosystem involves three functions — Reflection, liquidity pool (LP) acquisition, and burn. The Ecosystem also features a DEX (RevolutuxSwap), Staking features and rewards, NFT Marketplace (RevolutuxNFTs), and a DAO.

Revolutux (RVLT) aims to change the DeFi space with these use cases while ensuring relative ease of use, optimum security, and seamless accessibility.