keyTango- The easiest way to get started with DeFi.
Introduce
For the past time people are probably still happy with the crypto market, the uptrend helps us to have a more vibrant market. I have noticed in the market a few problems that I think are the main factors to bring the market as vibrant as it is now. First of all, it is impossible not to mention DeFi, it really explodes and creates a trend in the 2020 market, a lot of projects are launched and have brought huge profits for investors. But the main problem is that many people realize that it is an opportunity and they build a scam project and scam new people into the market.
I’m really annoyed with such projects because it gives the market a lot of bad reputation. In order to prevent people from encountering fraudulent or unorthodox projects I am trying to tell everyone about such projects. And it’s nice to mention the keyTango. keyTango is a Web3 application made for those who are struggling with complex UI/UX that looks straight out of the Bloomberg terminal, which acts as a frictionless gateway to popular DeFi products and services ready to be unraveled within a couple of clicks. Unlike Yearn, which takes some familiarity with deep DeFi as granted, we offer easy to grasp and navigate UI/UX, that empowers you with tailored content and suggestions based on your level of experience and your blockchain history.
About keyTango
keyTango is a platform for retail investors to discover, learn and invest in DeFi products and services such as yield farming and liquidity pools.We believe that DeFi was meant to, and should be more inclusive.
In general, decentralized finance has seen significant growth in 2020. Blockchain Saints have played an important role in the development of DeFi, as they improve the reliability and accuracy of the above data different DeFi protocols. By relying on decentralized prophecy platforms, DeFi protocols can save time and resources while driving innovation in other decentralized financial areas.
Market Making in DeFi
And now let’s find out more about this project. Let’s see what’s interesting and exciting about it. To be more sure about content in this area I will introduce to you a few concepts in this market.
Market Making (MM): It helps identify liquidity ratios and depth in financial markets. A market maker is a company or individual that actively quotes a two-sided market in one secure, offering bids and offers along with the market size of each face.
Automated Market Makers (AMMs): On AMM-based decentralized exchanges, the traditional order book is replaced with pre-funded on-chain liquidity pools for both trading pair assets. Liquidity is provided by other users who also earn passive income from their deposits through transaction fees based on the percentage contribution of the liquidity pool.
Players in the market: In this space I have seen a few very prominent names in the past: Uniswap, Balancer, Curve.
Concludion
As for keyTango I see the potential of the project, from the way they approach and get started. It can be said that the project is creating a lot of great attraction, I discovered that the project team is also worth our trust in those people. AMM technologies are providing primitives for accessing immediate liquidity for any digital asset. Not only do AMMs create price action in previously illiquid markets, but they doso in a highly secure, globally accessible, and non-custodial manner. While AMMs are not spearheading the fintech ride, the innovations around greater capital efficiency, multi-asset pools, and mitigating impermanent loss provide the necessary infrastructure to attract large-scale traditional liquidity providers that have been looking for a viable angle to tap into DeFi.
For those interested in the keyTango Opens Token Sale Whitelist:
keyTango’s public sale is estimated to begin between the end of January to early February 2021. keyTango’s token- $DEEP is a governance token that allows its holders to participate in governing over smart contracts. keyTango’re setting the initial supply to just over 10% of the total supply and planning to implement a user reward program to buy & burn $DEEP for all transaction fees earned through keyTango platform.
Want to learn more about keyTango ? Join us via the channels below !
Website: https://www.keytango.io/
Telegram: https://t.me/keyTango
Medium: https://medium.com/keytango
Twitter: https://twitter.com/TangoKey
Author
Bitcointalk Username: chillandrew1511
Bitcointalk Profile link: https://bitcointalk.org/index.php?action=profile;u=2575495
Erc20 Address : 0x71dfc3B7eF20B32570A1EC6F791437Ad1AaEF4a2
