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Hello to my friends who love life and always keep smiling despite all kinds of negativity. In my previous article, I told you about the Decentralized Autonomous Organization (DAO). I briefly mentioned UNISWAP, AAVE, MAKER, COMPOUND which are DAO projects in the DEFI sector. Now we will examine these projects….
What is a Decentralized Autonomous Organization (DAO) … ? What does it promise…? What am I thinking… ? I recommend you to review my previous article…
If you're ready, let's get started...
UNISWAP (UNI)
It is a decentralized exchange (DEX) structure developed to facilitate the trading of cryptocurrencies in the decentralized finance (DEFI) ecosystem. ERC-20 cryptocurrencies are bought and sold using smart contracts and transactions are carried out without a central authority. Automated Market Maker (AMM)
UNI is technically starting to give bullish signals. The all-time high of $45 will be tested by the end of August. As the largest decentralized exchange of the cryptocurrency markets, it should be followed in every uptrend.
AAVE (AAVE)
Aave is an open source decentralized finance protocol that allows users to lend and receive cryptocurrencies. It works like an algorithmic money market. In other words, transactions of lenders and borrowers are carried out over the loans accumulated in the pool.
Lenders can earn interest by investing digital assets in liquidity pools. Borrowers, on the other hand, can take advantage of the fast loan system called "flash credit" by using the liquidity by showing the crypto money in their hands as collateral.
Aave is overreacting to bitcoin's positive or negative moves. Therefore, the uptrend continues in Bitcoin and will test the $1000 levels in the autumn rally. I have a special interest in Aave. It is a DAO project that I like.
MAKER (MKR)
It is an ERC20-based smart contract built on the Ethereum platform. MAKER (MKR), MakerDAO's digital asset, is used to provide stability, transparency and efficiency by managing the financial risks of Maker Protocol and MakerDAO's stable cryptocurrency asset DAI.
Maker (MKR) holders are the main stakeholders of the system and vote using the blockchain-based governance system of the Maker Protocol.
MAKER (MKR) is a cryptocurrency that long-term investors should consider. It is always a valuable and quality project.
COMPOUND (COMP)
Compound focuses on borrowers getting loans by locking their crypto assets into the protocol and lenders making loans. The interest rates paid and received by borrowers and lenders are determined by the supply and demand of each crypto asset. Interest rates are generated for each block produced. Loans are repayable and locked assets can be withdrawn at any time.
At the end of my article; I introduced you to 5 projects related to DAO that I mentioned in my previous article. As you can see in the price charts, if there is no negative situation in Bitcoin, uptrends will start. The moving averages are approaching their intersection. I recommend that you evaluate these projects. Time to prepare for the autumn rally...
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As I always say, listen to everyone, decide for yourself...
Buy when everyone is selling, sell when everyone is buying...
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