Decentralized Finance, or DeFi, isn’t slowing down any time soon. With records being broken left and right on services such as Uniswap, there’s still some intimidation when it comes to DeFi. For new users who are simply trying to invest in something like Bitcoin or Ethereum, the DeFi space is scary. Thankfully, Desire Finance plans on fixing this by making the knowledge of DeFi fully available to the public in a strategic way.
Desire Finance plans to introduce the world of DeFi to new cryptocurrency users by carefully guiding them through different process such as staking and yield farming with their very own DeFi product launcher. While hand-holding isn’t always the best tactic, it may just help a massive amount of people. Thankfully, the most veteran DeFi users will have a blast as this could very well usher in a new DeFi craze just in time for the new year. This could very well mean that massive profits are just on the horizon. By locking your DESIRE tokens for a year or more, Desire Finance gives you a domain with free hosting so you can make your new DeFi product as professional as possible. This is another first for DeFi in general.
At heart, Desire Finance is a yield farming and staking platform where users can create their own tokens which can ultimately be traded on the platform itself or on other exchanges. Right now, no other service lets users create their own yield farming operation and this is revolutionary on its own. If Desire Finance keeps on urging new users to enter the DeFi space, the DESIRE token, where the supply sits at a tiny 28,000, could make YFI look like child’s play in a few months.
If yield farming isn’t your forte, you may be attracted to the other features that Desire Finance plans on launching along with it’s DeFi launcher in November. The DeFi launcher will let you deploy a simple ERC20 token or even an ERC721 NFT that can be sold on services like Rarible or Opensea. Another extremely exciting feature includes the ability to create stable tokens which can be pegged to a specific currency or commodity.
Before 2022, Desire Finance plans to introduce Polkadot and Moonbeam integration which will bring DeFi to multiple chains. Right now, a majority of DeFi projects sit inside the Ethereum bubble and it’s important that if DeFi itself were to fully succeed, it would need to break out of Ethereum and move outwards.
Desire Finance is just the first of many important first steps to bringing about true DeFi usage worldwide. We’re excited to see what they bring to the table in November and we’re excited to see what users create with their upcoming DeFi launcher.