Investing in DeFi means investing in the future of finance and the internet itself.
Decentralized Finance is a new finance system where users do not need to be attached to or bound by a bank or any other financial institution.
Through blockchain technology, DeFi has the functionality of common finance procedures but with a distributed ledger system where every transaction is registered and validated on a chain and different servers around the world are responsible for keeping track of what’s happening and keep the system alive and running.
This removes the need to have an intermediary – in other words, you don’t need the bank to make those transactions and validations because the network does it by itself. Consequently, high fees for services are avoided, higher profits can be achieved and distributed, and personal data remains private.
However, since the government is still not involved in DeFi – and, for many, it should stay that way – regular currencies are not used in this system.
So, what feeds and fuels the DeFi system is the cryptocurrencies that are used for financing, staking, trading and more.
Why should you invest in DeFi?
As previously mentioned, DeFi is the future.
If not as an official means, it’s something that could change a “b-side” behavior of finances around the globe.
Not only does it facilitate and takes excessive costs out of the way, blockchain technology and cryptocurrencies are enabling a faster, cheaper, and safer way of sending and receiving money from anywhere in the world to wherever you want to.
DeFi projects are the key to fairer trade, easier ways to passive income and efficient form of funding and financing for different purposes.
How to invest in DeFi?
Primarily, to enter the DeFi world, you need to enter the crypto world.
They are linked and, as we said before, since it’s not something government-regulated, normal currencies can work here but crypto is the fuel of that engine.
To enter the crypto world, you need to have a wallet.
The Klever Wallet is a non-custodial, safe, and user-friendly wallet where you can buy crypto, sell, charge, swap and manage your cryptocurrencies.
Having a wallet will allow you to participate in DeFi projects because it’ll work like your bank account – but in a decentralized and intermediary-free way, of course.
By being non-custodial, you don’t need to share any personal information when creating an account. Also, your coins will be only displayed on the wallet pages, but Klever won’t own any of your crypto – only you will have the keys and, therefore, access to the assets.
So, once you have a wallet, you’ll be able to send crypto to any DeFi project you like, swap between different cryptocurrencies, manage the cryptos you are receiving and sending and much more.
This is possible because the Klever Wallet has a connection with different networks that are attached to different projects.
Let’s take a quick look:
K5 (beta)
In its fifth version, the K5, the wallet has connections with Tron and its own KleverChain networks for now.
For K5, the wallet can be connected with SunSwap, a TRON-based decentralized trading protocol for automated liquidity provision and an open financial market accessible to all.
As for KleverChain, K5 connects to KleverScan, part of Klever’s own Ecosystem, which allows you to explore, follow transactions, accounts, and block creations.
K4
As for the K4, the wallet is connected to Tron, ETH, Huobi, Polygon, BSC, Polkadot and Kusama.
With the ETH network connection, you can access the DeFi / DEX aggregator 1Inch and also Uniswap.
Through Polkadot/Kusama is possible to connect to the Polkadot ecosystem and through Polygon, you can use QuickSwap and Polygon’s own wallet.
Lastly, but not least, the user can also connect their Klever wallet with Pancake Swap and 1inch through the BSC network.
It is also possible to connect to MDex and Belt.Fi through Huobi.
A good DeFi project
The birth of good DeFi projects is happening frequently now.
However, not all of them can offer you a solid, safe, and profitable system. Therefore, you should always be aware of essential elements such as:
- What is the purpose of the project and what solution does it bring to the market?
- Who are the members behind it? Do they have experience developing such projects?
- What are the “tokenomics” of it all? How is the money going to be distributed and managed inside the project? Is it a sustainable and well-thought model?
Such information you can usually find in the project’s whitepaper. After having those questions answered, you can choose to take part in the project.
Klever’s role on DeFi
Of course, we would name our project one of the most important to invest on – but not only because it is ours.
The Klever project is a complete ecosystem in the crypto market right now.
It provides solutions in every corner of the crypto and blockchain world and tries to make it as user-friendly, safe, and profitable as possible.
Klever is a project that enables you to build other DeFi projects.
This is possible because the company built its own native blockchain, where developers can find pre-built decentralized apps (called kapps) where they can create and develop any decentralized project they want to through their own native tokens.
In a simple and direct example: if you have a project that you wish to build in a decentralized way, you’ll need funding, right?
For that to happen, you’ll have to negotiate with a coin, but not just any coin. A native token (a crypto created on top of an existing blockchain) will give your project the fundamental characteristics of a DeFi idea: a community and a possibility of increasing valuation where everything will grow around it.
Nowadays, creating a cryptocurrency with other blockchains is possible, however, the costs and time spent on these smart contracts can be overwhelming.
According to Klever’s whitepaper, that’s why “Klever Blockchain offers native token creation and features without the need for complicated smart contracts. Anyone will be able to create a KDA (Klever Digital Asset) using Klever Wallet or via the Klever Blockchain Explorer web version”.
The company also states that “KleverChain lets users create native tokens without having to deal with complicated smart contracts. All KDA additionally come with built-in royalty features, allowing creators to set all parameters according to their needs”.
Therefore, could we affirm that investing in Klever is investing in DeFi?
Absolutely.
Not only Klever works with decentralized projects inside a decentralized finance concept, but it also builds every day to spread the possibility of creating new DeFi projects around the world with the goal of making it even more intermediary-free and accessible for everyone to take benefit from it.
So, either by having its own decentralized products or by allowing the creation of decentralized projects, Klever is all in for DeFi – and you can be too.