DEFI Platforms Built On NEAR Nigerians Can Utilize
The Nigerian economy is gradually integrating DeFis into its financial sector, as seen in financial trades and crypto applications that address the devaluation of the naira. NEAR is matching this energy, by innovating the crypto economy through the introduction of “user-first” systems.
This has introduced the benefits of scalability, interoperability, simplicity, and sustainable decentralization, making building on and interacting with Web 3 services easier and better. With the numerous benefits that NEAR offers, it is justifiable for Nigerians to look for Defi platforms built on it.
NEAR offers a cost-effective option. With NEAR, Nigerians are assured of zero or minimal gas fees, compared to the ridiculous prices on other exchanges and platforms.
With the sporadic growth of the Nigerian fintech industry, there is a high chance that an average Nigerian there is a high chance of interacting with DeFis; it is essential to introduce you to some excellent Defi platforms built on NEAR that Nigerians can utilize.
Top Five Defi Platforms Built on NEAR that Nigerians can utilize
Here are some of the best and most popular Defi platforms on NEAR that Nigerians can utilize and how they can be of great importance to the Nigerian crypto-Web 3 economy.
1. Ref Finance
Ref Finance is one of Near’s major Defi projects. Built as an automated market maker, the Ref finance Defi integrates liquidity pools and atomic transactions, with options to adopt generalized lending and native and stablecoin integration.
You can trade, farm, “pool” some revenue, boost farm, stakes, and incentives on Ref finance, or even participate in the governance protocol and incentive allocation. Amongst the numerous benefits of Ref finance, Nigerians can utilize the platform to amass its 3% airdrop for early users and 2% strategic airdrop for participation.
This includes 60% liquidity incentives, 35% treasury, and the utility systems attached to the $REF tokens. As a Defi project built on Near, Ref finance offers low transaction fees for less than $0.01.
No Nigerian needs to break the bank to interact with the defi platform. There is lightning fast transaction finality for as fast as 1–2S.
2. Orderly Network
Orderly Network is building one of the most advanced Defi infrastructures in history, and it is essential to highlight how Nigerians can utilize it. The orderly network aims to change how people see Defi systems by providing solutions that apply to developers and community users.
The orderly network aims to launch an on-chain order book system that builders can adopt to develop perpetual trading applications. Nigerian web3 developers can rely on this, utilize the available codes and lean on the expertise of the team to build usable solutions. This is with added advantages of finality, speed, and low transaction cost.
A community pool is also provided for users to leverage the benefits of pools, decentralized lending, borrowing, and swaps. Nigerians can leverage this to reap the incentives and rewards that come from doing so.
3. PembrockFi
PembrockFi is a Defi ecosystem that solely leverages yield farming applications. It is the first yield farming application on the NEAR protocol. The Pembrock finance Defi gives Nigerians and users worldwide the opportunity to earn from lending and farming up to 3x leverage.
The processes are simple, profit-prioritized, and strictly community-based. There are provisions for a governance tool, native tokens, and an incentivization program that is all about you making profits. Innovations on Pembrock Finance adopt the need for DAO participation and a share in protocol revenue.
4. Jump Defi
Web 3, decentralization, and the crypto economy have never been this easy. Jump Defi offers a “one for all” platform that gives you that incredible jump between NFTs and Defi systems.
Users can move between the protocols of decentralized finance and the technology of NFTs. On Jump Defi, there are supports for:
· Automated market marker
· Token ID LaunchPad
· MFT staking platform
· NEP-141 Token Launcher
· Invisible swaps
· Fast Pass NFTs
· Payment Onramp/offramp
Swapping and trading assets, staking, pools, yield farming, jump pads; Jump defi provides everything a Nigerian needs in a defi platform. The Jump Defi is also planning to introduce the first no-code contract deployer on Near protocol. This is excellent news for Nigerian blockchain utility developers.
5. FluxusFi
Fluxusfi is providing decentralized solutions that solve traditional bank loans’ complicated problems. Instead of queuing up to the endless requirements of Nigerian banks or failing into the hands of loan sharks, Nigerians can utilize the crypto lending options on Fluxus finance defi to scale their business.
Fluxus offers the complete defi package that incorporates yield farming, daily investments, and a profit-based portfolio that helps you track your progress and gains. The fluxusfi defi offers a ZAP and ZIP router feature that helps users effortlessly convert any token to an IP token with a single click.
This promotes the ease of investing in farms with an optimized system. Developers can also leverage this to replicate models in projects built on the Near ecosystem.
Near has an endless portfolio of defi projects and platforms that supports the decentralized finance economy. This includes Flux Protocol, proximity finance, and many more projects.
The Near-Stadar collaboration tells users and crypto community members that Near protocol is concerned about building a defi ecosystem that everyone (not just Nigerians) will love to interact with. These are user-friendly solutions, cost-effective systems, and liquidity staking rewards to Nigerians and Africans.
The NearX upgrade powered by the Stader-Near collaboration is an innovation that will provide a more secure, highly interactive, and upgraded ecosystem for defi solutions. The Nigerian fintech community can find more means to build defi systems on Near protocol, giving users an alternative to fiat transactions.
https://ref-finance.medium.com/ref-finance-and-ref-abd14aad59bf
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