The platform focuses on the security and privacy of its users to create a niche in Binance Smart Chain DeFi.
In a World of Risks
Decentralized Finance (DeFi) in its simplest form is a system by which financial products become accessible on a public decentralized blockchain network. This allows them to be available for utility rather than transacting through intermediaries like banks and other financial institutions. It intends to bridge the gap between blockchains and financial services. However, the remarkable growth of DeFi extends to cause illimitable opportunities along with financial risks to crypto users. That is why a group of Cybersecurity experts traversed the world of DeFi to create a viable and robust platform, innovating the cryptocurrency realm with privacy and full security called PrivacySwap.
The emergence of decentralized finance has given way to a lot of projects with their own visions. PrivacySwap is a unique platform that aims to bolster privacy and security in the DeFi world. It intends to bring together a community of hodlers, traders, and crypto enthusiasts from all corners of the world, guaranteeing a safe and stable environment.
PRV is PrivacySwap’s intrinsic and governance token to implement its conception of a private and safe blockchain. It is used to earn rewards while facilitating developers to earn a small percentage to continuously maintain and reassure a reliable system for all its users. Along with its strong fundamentals are exceptional features to further support their community and to provide more opportunities. Each one of PrivacySwap’s offerings has a goal and that goal is to further privacy while allowing you to earn passively by contributing to the ecosystem.
The platform’s main features are as follows:
More in the works
Staking or lending crypto assets in DeFi protocols to generate high returns in interest, incentives, or additional cryptocurrency is what PrivacyFarm intends to supply its users. To continuously optimize users’ rewards, they have curated a few platforms with potential and immense contributions to DeFi and blockchain to be available on their farm.
The term farming signifies the high interest generated via the liquidity of different DeFi protocols. PrivacyFarm is a means of earning rewards with cryptocurrency holdings available on their platform. Along with rewards, the issued tokens signify user’s share in the liquidity pool, which are moveable to other platforms for growing their potential gains.
As PrivacySwap continually develops its purposes, they have launched PrivacyVaults. This auto compounding feature endeavors to achieve the maximum possible return on crypto-investments much more efficiently than venturing to maximize yield by manual approach.
Every vault inside PrivacyVaults has its individual unique means for farming, typically involving the reinvestment of crypto assets staked in liquidity pools. Privacy vaults farm the rewards from staked assets at the most simple level and reinvest them back into the liquidity pool. It compounds the amount of interest collected and raises the amount staked that the yield is established. A yield optimizer can replicate this process up to thousands of times a day.
This fairly simplistic system is the main reason behind the large APYs found on PrivacyVaults. Compounding charges are amortized among all vault participants, producing back even more benefit to the users.
Of all the great ideas arising at the interface between crypto-verse and traditional finance, cryptocurrency-funded debit cards are one of the most impressive. PrivacyCards is PrivacySwap’s response to the debit card system. It will enable users to use their PRV for things other than just staking and gaining rewards.
Like all other debit cards, there will be specific fees for the PrivacyCard. The team will be burning these PRV fees to reduce the supply of PRV, hence extending the utility and the overall viability of PRV in general.
More Features To Come
As the blockchain and DeFi regularities are continuously developing, technical trends and features will be an ongoing possibility. PrivacySwap will not stop implementing new features that will benefit its users to invariably earn with the assurance of anonymity and safety.
Why is Privacy Important and How Does PrivacySwap Maintain it?
Many investors consider blockchain as a technology breakthrough for cryptography and cybersecurity, with use cases differing from globally deployed cryptocurrency systems. The cryptocurrency trend is unquestionably one of the greatest innovations in today’s financial market. More and more people are beginning to employ digital currencies earnestly, as they are now an excellent alternative for maintaining personal and professional budgets. But, as the stakes are growing higher, there is an escalating necessity for cybersecurity measures.
As the brainchild of a distinguished group of cybersecurity experts who recognizes the complicated nature of cryptocurrency, blockchain, and cybersecurity, PrivacySwap is a dependable crypto platform that ensures the privacy and security of crypto assets. The team is continually developing its systems and processes to be firmed with what it envisions: to become a unique DeFi project true to its intention to preserve data privacy and inclusive protection while letting users earn in the most tangible and safe ways. Thus, making PrivacySwap one of the most advanced DeFi projects of today that has credibility and stability.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.