Given the rising Bitcoin price, the bullish sentiment is particularly strong across the cryptocurrency market. Thanks to market drive, DeFi also had a breakthrough and its overall TVL rose in a straight line. According to the latest debank data, DeFi’s total TVL across the network has reached $ 180 billion, and the booming market is also creating a host of new DeFi applications as the industry heats up.
Continuously hot DeFi market, Simba came from behind
DeFi is considered to be the breaking sword of traditional finance and the main development direction of the encryption industry. The advancement of encryption funding is increasingly diversifying and driving the transformation of the DeFi industry. The most direct achievement in application transformation is from ecological application to value application, including the figure of Simba.
Like the recently popular Safemoon, Simba is a valuable DeFi application, but unlike Safemoon, Simba has made a lot of innovations on its base.
Sustainable curve returns
As “Favorite Son of Heaven” in the BSC chain, Safemoon has seen high annual rates and allowances rise, and in less than a month the market value reached more than $ 100 million and won a large number of fans in the next half a month Safemoon developed rapidly, reaching a market size of $ 11.64 billion, bringing investors up to 217.17% profit.
But it is also the “Damocles Blade” that hangs over the Safemoon, and the lack of internal support will quickly transition into the fading phase over time. This is also the “common problem” for most DeFi projects. Without internal support, it is difficult to provide users with long-term, lasting benefits.
Simba is the exception. As an innovative DeFi application, Simba has improved the pain point through the automatic LP to prevent price fluctuations, to support the stability of the token price, to provide users with a solid price result and a buffer to ensure that at the same time in value growth Achieve stable and long-term curve returns.
· Remove the foam and restore the certificate value
DeFi’s explosive growth has put the whole market in the mood of Fomo, so most of the DeFi tokens are being propelled from the market to a higher and bubble rating, the market is good, won’t show any signs, but once the market is bad, the Price goes down, then there is a rush effect, users are easy to lose money.
Simba has recognized the value control of tokens and eliminated this possibility from the underlying mechanism. It takes over the annihilation mechanism that annihilates fixed commission fees for every transaction. Even if the market drives Simba’s price up, it will clear most of the value bubbles as Simba is in ecological deflation. And finally, Simba recognizes the application value.
After a closer analysis of Simba, we know why Simba “can come up with it”. Because Simba’s innovation in terms of revenue mechanism and environmental development has completely resolved the two weaknesses that worry the DeFi application. In the long term, it is only a matter of time for Simba to optimize the revenue model and surpass Safemoon.
In addition, Simba has extensive developments and extensive applications in the ecological layout. It anchors DeFi to provide comprehensive financial services across a variety of industries and areas. The courageous reform of advanced decentralized applications, tools and financial products is intended to create a strong base for expansion on a global level. The combination of Simba projects and DeFi’s disruptive technology is definitely a great combination of the year! Now this advanced aggregation model has started to land in games, health care and education.
Multi-industrial chain structure to support the ecological development of Simba. to accelerate
Traditional DeFi is more on DeFi application than core, a single ecological landing direction, with no practical value support, the development of the entire application is tied up by the currency price. Simba borrowed from many DeFi applications the landing direction towards the entire industry, instead of a single DeFi field Simba to DeFi as an entry point, from the up and down chain of the encryption industry to create a global medical + transaction + DeFi comprehensive service platform , through the distributed characteristics of encryption technology, DeFi innovation to promote medical innovation, innovation in education, application of encryption technology in more places that need to change.
Such a great vision and landscape has also led Simba to a new value transition that is completely in contrast to other traditional DeFi applications. In order to better support the layout of Simba, Simba has also run through a “self-iteration” in the product logic “of decentralized wallet + hardware wallet + GameFi module + online education platform in order to realize the rapid development of multi-industrial chains.
- Decentralized Wallet Swallet: Help Simba aggregate the assets in the chain, create a multi-chain connection and expand Simba’s ecological margin.
- Hardware wallet Hardware: Offer users a safer, more convenient, multifunctional “cold” wallet.
- Game Module: Based on DeFi, conduct an in-depth exploration of NFT, realize the deep combination of NFT + DeFi, and create a fully open virtual game ecology under the mutual empowerment of the two innovative technologies.
- Online Education: Reduce the cost of users entering the encryption field through the online education platform, realize efficient knowledge sharing, and accelerate industry reform through public welfare.
The development of the DeFi application has become the development trend of the industry. Simba, has made several innovations in technology and mechanism that have attracted the attention of a large number of users. The story is always surprisingly similar, we can see from the development of Safemoon that Simba’s future is full of prospects, especially on the way of Reform Update and following the trend of the Times. Simba showed us how it sets the value of tuyere. Whether Simba can promote the prosperity of the DeFi market and reconstruct the ecological financial model is even surrounded by the titional DeFi application. Then we’ll wait and see!
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