As the decentralized finance (DeFi) industry continues to grow and develop, many newbies and experienced users still don’t understand the key drivers of industry growth. This is also why traditional finance still has a grip on the world. The utility of the project is growing and will create a foundation for growth in 2022 and beyond.
DeFi projects exist in virtually every sector of the finance world, and more. Use cases have taken over as the world has fallen in love with web3 technologies and their various benefits. Here are some projects that will rock 2022 and beyond.
Alkemi Network sets the standard for institutional DeFi
Alkemi Network, a compliant DeFi liquidity platform suitable for institutions, has changed the way liquid ecosystems work within the DeFi space.
Liquidity pools have been one of the mainstays of the DeFi space. So much so that projects have dotted the landscape with a number of liquidity-based concepts. Alkemi Network offers a dual option. It has both permissioned and permissionless pools of liquidity that are governed by a single token. This is a first for the DeFi space.
KYC liquidity pools allow institutions and professional traders to access the unique investment opportunities available in the nascent DeFi space while remaining compliant with financial regulations, i.e. the best of both worlds. Compliant Institutional DeFi negates the notion presented by the centralized finance industry that DeFi liquidity projects cannot have spaces of trust.
Alkemi’s Earn dApp enables retail and institutional investors to lend and borrow USDC, WBTC, ETH and DAI – all with the peace of mind that comes with authorized pools and institutional-grade reporting features.
ClubRare links NFTs to the real world
ClubRare has shaken things up in the non-fungible token (NFT) space by introducing physical items available at auction. Previously, NFTs only worked in virtual space. By being the first NFT-backed physical goods marketplace, ClubRare has found a new niche that changes the utility focus of NFT platforms.
On the ClubRare platform, handbags, watches, jewelry, art, food, and sneakers are all available for sale. The real value is expressed via the NFTs in the ClubRare space.
Creating virtual-only rigs is simple. Any developer can get things done and create an NFT virtual market project. An NFT market for physical goods is a different animal. But it’s a niche that will have people pushing their way to the doors.
Manta Network takes DeFi privacy to new levels
Previously, DeFi privacy solutions needed hardware layers to work. The Manta network has taken things to a whole new level and is deploying zk-SNARK crypto technology to fix the issues. Built from a substrate, Manta guarantees the privacy of Polkadot Parachain auctions and gives users the sovereignty they want.
Privacy within the DeFi industry has many advantages. One of them is piracy prevention. Even if vulnerabilities exist in a project’s code, the hacker cannot do much damage until the code is patched. User anonymity ensures hackers and bad guys don’t have access to wallet addresses and transaction hashes, creating another layer of security in the Web3 space.
It also creates a new paradigm for web3 users who do not want pseudonymous transactions, which has its limitations as proven by elliptical analysis and other methods. Full privacy is vital, and the industry will see more Mantas in the DeFi space.
Exotic Markets Enable Decentralized Wealth Management
Exotic Markets, a Solana-based DeFi wealth management solution, has given the web3 space a new paradigm for portfolio management tools. Exotic Markets has introduced an exotic wizard to help users develop the best DeFi investment strategies for their portfolios.
Using three basic product operating principles, Exotic Markets has come up with models that generate profits regardless of how DeFi markets behave. Using risk tolerance, market insight, and investment maturity, Exotic Markets guides users for profit optimization.
The Exotic Markets team has gone further by opening up its architecture to allow developers to deploy their projects with all sorts of advantages. The platform allows developers to create path-dependent products, unique product offerings, and vehicles.
With innovations like yield-generating stablecoins, Exotic Markets will continue to be at the forefront of making wealth-building tools accessible to everyone.
What does 2022 and beyond hold for the DeFi space?
As the DeFi space continues to grow and mature, humanity will see the rise of DeFi in different sectors of life. 2022 has the potential to be the year the DeFi industry explodes and leads the charge in the adoption of web3 technologies.
The world is moving from web2.0 to web3.0. Even big tech wants a piece of the action, and these companies are trying to get a slice of the DeFi pie. The problem is that decentralization rules the Web3 space and centralized organizations cannot unbundle in this state.
It gives the web3 industry a strategic advantage and reduces the bureaucracy that has stifled innovation from centralized technologies. 2022 and beyond will prove to be the industry’s highest growth phase to date.
New users will embark on the space, and then this era of mass adoption of Web3 technologies will occur. DeFi projects will lead this new era.
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