The De-Fi space continues to expand as more projects leverage the ongoing bull run. One of the new kids on the blockchain is MockTail Swap. The automated market maker (AMM) isn’t keen on blending in with the rest of the De-Fi protocols as you’ll soon find out soon enough.
What MockTail Swap Brings To The Table
MockTail Swap is set to be the jack of many services and master of all in the De-Fi space. Here’s a breakdown of the many services that MockTail Swap is bringing aboard the De-Fi ecosystem:
1) Yield Generation and Lending
There are lots of yield-optimizing platforms on the BSC, so it’d be interesting to see how MockTail Swap pulls the De-Fi community on that blockchain. Users of the MockTail Swap platform can farm MOK, the protocol’s native token through accepted liquidity pools and staking pools.
Though the yield farming protocols are a dime a dozen on the BSC, MockTail Swap is adding to that through its lending initiative. Of course, there’s not a lot of lending platforms on that blockchain, so it’s a great attempt at standing out, which is important if MockTail Swap is to get some traction in a hotly contested De-Fi space.
MockTail Swap will have its DEX, so it’s easier to swap tokens. This gives the protocol an edge over many De-Fi platforms lacking an active DEX.
2) Yield optimizing
Yield optimizing is becoming a thing on the BSC network. The combination of low fees and fast transactions constitute the right conditions for yield optimizers to operate.
With the growing number of yield farming protocols and the quest for more rewards by the different communities, yield optimizers are now in high demand.
MockTail Swap looks set to ride this huge market. The De-Fi platform houses smart vaults where users deposit their assets and get their rewards optimized greatly.
Through multiple strategies and auto-compounding, MockTail will grow the assets of users. And unlike what’s obtainable on centralised exchanges, there’s no locking period. You can retrieve your asset and accrued profit anytime you wish.
3) NFT products
The colourful world of NFTs has received a lot of interest. Binance, the biggest centralised exchange, is looking to host the biggest NFT market in June, a situation that has created widespread enthusiasm about the future of NFTs.
One of the products on the MockTail Swap roadmap is the creation of an NFT supermarket. This will support the trade of nonfungible tokens on the BSC network. Surely, it’ll complement whatever is going on on the Binance NFT market.
Beyond the NFT trading, MockTail Swap will have gamification centred on NFTs. With the growing interest in NFTs, this should boost the visibility of the DeFi protocol.
4) MockTail Swap wallet
The decentralised platform will be releasing its cryptocurrency wallet for mobile devices – iOS and Android – so users can use its products fluidly without any gridlocks. Surely, security will be paramount for this wallet when it’s unveiled later this year.
Conclusion
MockTail Swap is poised to become the one-stop-shop for De-Fi products and the NFTs on the BSC network. However, the protocol needs to put its foot on the gas if its lofty goals are to be achieved.
For More About MocktailSwap, visit the following links
Written By
Bitcointalk Forum: Ricobrowns
BSC Wallet address: 0x296fF15C39Eac524FECAb84247403175Fba931AD
