In recent years, cryptocurrencies have become increasingly popular. New users see it as an alternative investment to other traditional means.
Big players like Bitcoin and Ethereum are topping the league in the crypto investment, but we also have budding new players that bring revolutionary features to the table.
One such new player is Sparklo. This article will examine various ground-breaking Sparklo features, such as the investing platform. But before then, we will review the future of the decentralized finance protocol Aave (AAVE).
Could Aave (AAVE) be Gearing Up For A Bull Run?
Aave (AAVE) was founded in November 2017 and was initially known as ETHLend. Ten months later, in September 2018, ETHLend was rebranded to become Aave (AAVE).
Aave (AAVE) is a DeFi protocol built on the Ethereum chain that allows users to borrow and lend crypto. Lenders deposit their digital assets into a special liquidity pool, earning interest whenever a borrower uses their deposited crypto as collateral to take a flash loan. The Aave (AAVE) token is used to pay for fees and also serves as a governance token on the platform.
Since its launch, Aave (AAVE) has become the second-largest decentralized finance lending protocol, with a total locked value of $5.59 billion.
Although lenders deposit crypto assets in Aave’s liquidity pool, they only earn interest proportional to the amount of crypto a borrower uses. The smart contract that controls Aave (AAVE) APRs and APYs ensures that over-collateralized assets get a lower interest rate. In comparison, under-collateralized assets get a higher interest rate.
Aave (AAVE) uses an open-source network, meaning it is secure and transparent with no hidden cost. Aave (AAVE) has a total supply of 16 million and is currently traded at $69.84 after peaking at $668 on this day in 2021.
Sparklo (SPRK) Innovative Features Give it A Head Start In its First Presale Stage
Sparklo is an alternative investment platform that allows users to trade and invest in gold, silver, and platinum bars fractionally or wholly. Sparklo, unlike other traditional means of investment, takes out third parties and directly connects buyers to sellers, further ensuring safety and reliability.
It is built on the ERC-20 network and leverages the scalability and security of Ethereum to provide fast and efficient transactions to its users.
To improve the security of investors’ funds, the team has been audited by Interfi Network and has its liquidity locked for 100 years. Sparklo has also submitted a KYC application, which is currently under processing, with the result to be announced soon.
Besides early access and discount on precious metals, early investors who purchase whole NFTs can ship the real-life equivalent to a chosen location. The innovative features that Sparklo employs will put it on the right path to becoming a blue-chip project in the foreseeable future.
To maximize benefits, it is pertinent for you to invest early, as Sparklo is currently in its first presale stage. The token is selling for just $0.017, with a bonus of 30% extra on all buys. (This bonus offer expires on May 5).
Find out more about the presale:
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