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The Prospective Crypto DeFiners: Calyx (CLX), Tezos (XTZ) and Aave (AAVE)

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Decentralised Finances (DeFi) are an emerging financial technology that is based on secure distributed ledgers and does not require the need for an intermediary for transactions to occur online. This allows merchants and organisations to freely conduct financial transactions through the use of transpiring technology. Calyx Token news…

Decentralised finances also permit digital assets to be exchanged along with cryptocurrencies. Cryptocurrencies follow the same ethos as decentralised finances, often incorporating their technology into their blockchain networks to provide smooth trades and exchanges. DeFi’s have essentially become a prominent part of the digital economy, establishing itself as an alternative and easy method to centralised trading finances. This article aims to explore three decentralised finance tokens with great potential: Calyx (CLX), Tezos (XTZ) and Aave (AAVE).

The Upcoming DeFi – Calyx (CLX)

Calyx (CLX) conveys a seemingly bright future for decentralised finances through its utilisation of CalyxSwap – an exchange solution that aims to pool liquidity through the use of multi-chain compatibility. By doing this, CLX will enable users from other blockchains to exchange their finances through the use of decentralised exchanges (DEXs). The blockchain networks supported by Calyx will include Ethereum (ETH), Polygon (MATIC), Avalanche (AVAX) and Binance Coin (BNB) to provide users with efficiency when swapping currencies. Furthermore, due to a feature called ‘atomic swaps’, all trades made are done immediately. 

Currently, in phase two in its presale stage, Calyx (CLX) also plans to incentivise liquidity providers by earning rewards through executing swaps by contributing the tokens to liquidity pools that they have in common. The second stage of its pre-sale ends on June 6 2022, so it is probably a good idea to get involved with Calyx before its official launch.

The Web3 DeFi – Tezos (XTZ)

Tezos (XTZ) aims to help develop the iteration of web 3 by centering itself around user participation and governance. It also utilises smart contracts, a transactional protocol popularised by blockchain veteran Ethereum (ETH). The purpose of smart contracts is to automate the implementation of an agreement so that all users can be immediately certain of the outcome, without the involvement of an intermediary.

One of its other key features is its institutional-grade security, which aims to provide both code correctness and safety for high-value assets within the protocol. Having this security system gives users more of an incentive to invest – taking away the elements of apprehension and intimidation. Tezos (XTZ) is currently positioned fortieth on coinmarketcap.com, and with a continuously evolving blockchain technology, it has great potential to build to the inception of web 3. 

The Lend and Loan DeFi – Aave (AAVE)

Aave (AAVE) is a decentralised finance token that allows investors to loan and lend out digital cryptocurrencies – skipping the peer to peer interaction process. It is primarily governed by the AAVE community, who would be responsible for deciding the direction of the currency. This blockchain technology can be viewed by anyone and be integrated by developers to construct a new DEX on its foundation.

AAVE is a DeFi unique selling point in its efficiency to loan and lend across 20 cryptocurrencies – providing investors with multiple choices regarding their finances. This blockchain also permits alternation between variable interest rates and fixed interests. The word ‘Aave’ translates to ghost in Finnish, originally being named ETHLand, launched in 2017 and rebranded a year later to what it is known as today. With its distinct and efficient feature, this decentralised finance token could be a promising investment. 

For More Information On Calyx Token (CLX):

Presale: https://presale.calyxtoken.io/register   

Website: https://calyxtoken.io 

Twitter: https://twitter.com/CalyxToken 

Instagram: https://www.instagram.com/calyx_token 

Telegram: https://t.me/CALYX_TOKEN_OFFICIAL 

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