Narwhalswap — A Binance Smart Chain AMM Protocol Looking To Expand The Defi Ecosystem
Photo credit: Narwhalswap
It is no news 2020 was the year that Decentralized Finance (DeFi) assets boomed. With the widespread adoption of DeFi across different industries, it is obvious why the boom is massive.
Considering the lags and congestion in the current (native) chain of DeFi, it is obvious why a different alternative was sought.
Binance Smart Chain was launched to help do away with some of these problems that negate the efforts of DeFi investors. And now, I am pleased to introduce a new platform that will help in expanding the frontiers of DeFi adoptions across different industries. That platform is Narwhalswap.
The New AMM Protocol
Narwhalswap is an Automated Market Maker (AMM) protocol that is leveraging the structures of the Binance Smart Chain to revamp the current DeFi ecosystem while charting a course for future adoptions of DeFi assets.
Here are some of the attributes of the new Narwhalswap AMM protocol that will run on the Binance Smart Chain (BSC):
Photo credit: Narwhalswap
- Convenience
Many people have speculated that cryptocurrencies are one of the most volatile assets to trade. While that is quite true, it doesn’t represent the overall status of crypto assets.
Instead, you rest assured that you can trade on your favourite DeFi assets without bothering about the different stages of conversion.
The convenience provided by Narwhalswap is designed to help you make the most out of the DeFi market by taking advantage of the swift conversion of crypto assets to their fiat equivalents.
You can do that in numerous ways, including Unionpay, VISA and debit cards.
2. Sleek User Interface
Narwhalswap is not the first Automated Market Maker (AMM) or liquidity pool. If you have used the likes of Sushiswap and the popular Uniswap, you rest assured that you can use Narwhalswap without issues.
Featuring some of the attributes of Uniswap, Narwhalswap makes it easier for you to swap any DeFi asset in real-time. You have among many other tools, access to increase or reduce the slippage, and select the type of DeFi asset you want to swap.
3. Defined Legal Structure
It is time some legal touches are added to DeFi assets so the investors will be more confident when investing.
That is what makes Narwhalswap different from the other AMM protocols. The legal structure is worth commending considering the compliance with relevant regulations.
Besides, the team behind the protocol are fully in control of the issuance of the native token, $NAR to investors.
4. Incentivizes
Uniswap rewarded its users with 400 UNI about 3 months ago. It was to appreciate them for providing liquidity to the pool. The rewards amounted to over $1,200 per person.
You should expect something similar on Narwhalswap where you are occasionally rewarded for some actions you take.
Note that the rewards and incentives issued here are mostly for liquidity providers and DeFi traders that leverage the protocol to facilitate their trades.
Some of the rewards/incentives you can qualify for include:
- Access to worldwide airport lounges
- Zero card transaction fees
- Free access to Spotify and
- Netflix subscriptions
Conclusion
Narwhalswap has a unique value proposition that can bolster DeFi trades while creating more opportunities for you to make more money as a DeFi investor.
Website: Narwhalswap
Twitter: https://twitter.com/narwhalswap
Telegram: https://t.me/narwhalswap
Medium: Narwhalswap — Medium
Discord: Narwhalswap’s official Discord Channel
POA Post: 【Bounty】Narwhalswap ▪ DeFi on BSC with Sustainability~100,000 NAR [8 weeks] (bitcointalk.org)