Voltage Finance: Charging Up Crypto-powered Payments with the All-in-one DeFi Platform
Voltage Finance, formerly Fuse Fi, was made to create an accessible hub for DeFi tools. Will the platform become a value-adding player to the crypto space, or will they short circuit in the ever-growing market? Let’s find out!
The Road to the Mass Adoption of DeFi
The democratization of finance starts with accessibility: to bring DeFi to mass adoption is to make it accessible to all types of users — regardless of their experience level in trading. One of the problems currently facing DeFi players is the low liquidity of tokens brought about by the constant switching between blockchains.
These problems make it difficult for novice investors to enter the market, especially when they have to move from platform to platform to conduct trades, farm, stake, or swap tokens. Even for experienced traders, the rise in platform fees when switching makes trading less lucrative than previously thought.
The solution is to collate these DeFi tools into one, convenient package in a way that users do not need to move from one network to another to make a profit. Accessibility embraces inclusivity, and by making these DeFi tools convenient to use, we can effectively bring new players into the market, and continue to grow the financial space!
Electrifying the DeFi Landscape
This is where Voltage Finance makes their electrifying entrance — they are the first vetted DeFi hub on the Fuse Network providing a powerful suite of tools to break into the market. The application already accrued ~USD12M in total liquidity, and a total volume of over USD150M within just a year of operations!
With Voltage Finance, accessibility is the key. They are creating a frictionless, all-in-one platform that provides anyone with accessibility to DeFi tools, with or without prior knowledge about the crypto space. One of the main factors that make them a platform-for-all of sorts is their UX/UI that features an easy-to-use interface, without being overly simple.
Adding to their focus on accessibility, Voltage Finance is available on all smart devices. We are at the era where we switch devices depending on our daily use, and making a platform device-friendly opens up a gateway into DeFi anytime, anywhere!
All Things Considered
The average trader values five basic points in determining the feasibility of the platform they use in their transactions: Flexibility, Platform Fees, and the Three S’s — Security, Scalability, and Stability. The platform works to address these points in their app:
FLEXIBILITY: Voltage acts as a bridge that connects platforms, and users can transact and interact with any application — after all, that’s where we’re headed with Web3! This flexibility creates value for the chain, and nurtures potential for traders to grow their portfolios.
COST: Pennies on the dollar. The platform provides their services at lower fees than other similar platforms. These low fees mean that users can continue to transact on the platform without losing a large chunk of their earnings to gas fees, bringing the earnings back to the users!
SECURITY: Voltage introduces a proof-of-stake consensus mechanism that ensures secure and speedy transactions from user to user. The platform uses a check-and-balance security method to ensure tokens made on Voltage are those with the potential to grow the network.
SCALABILITY: Voltage was made to be scalable. Building on the Fuse Network means that the platform grows as the network grows, and the two ecosystems are mutually beneficial in bringing essential DeFi services to the masses.
STABILITY: Validators must stake their tokens to secure the network, and staking provides value stability to the $VOLT token, ensuring that the price fluctuation does not fall below the threshold of its protective umbrella.
High Voltage, Low Fees
Voltage Finance does charge fees for their services, as DeFi platforms do, but the tokens rotate back to the stakers, giving them a chance to earn as they stabilize the platform. Voltage charges a 0.3% fee for all trades, with 0.25% going to the Liquidity Pool, and the remaining 0.05% to the xVOLT Pool.
Compared to Ethereum trades where the gas fees average 0.0052 ETH as of this writing, Voltage offers lower fees than its competitors, and was meant to stay stagnant as users can calculate a part of their trade to transaction fees.
Built on an Infinitely Expanding Network
The Fuse Network ecosystem is constantly expanding, and adding Voltage to their roster of platforms built on the chain gives the network another stepping stone into establishing their presence as a chain.
The Fuse Ecosystem
Voltage was built to become the DeFi hub on the Fuse Ecosystem. Fuse Network is already built up of several applications meant to aid users through their trading journeys. The network hosts infrastructures like Fuse Studio, where users can create their own cryptocurrencies, as well as The Graph, which aims to simplify access to blockchain data.
The network also hosts a number of NFT projects as they keep up with the current innovations within the blockchain space, and deals with protocol communities, and wallets to tie their blockchain activities together. Voltage Finance is connected to Fuse Cash, the wallet that makes crypto friendly!
Finding a Place in DeFi
In their early stages of fundraising, Voltage Finance (formerly FuseFi) had amassed a total of USD2.3M to launch their Fuse DAO platform, which aims to give the power of autonomy back to the people. As the DAO progresses, the Voltage team will slowly take their hands of the reins, and let the users decide what is good for the community.
This transition is in line with the release of the $VOLT token, which acts as the governance token for the entire Voltage system. With the launch of $VOLT, Fuse is reaching new heights in scaling up their network to broaden their position in the market among top competitors like BSC, Ethereum, and Polkadot.
Voltage features are just what the Fuse Network needs to expand its usage across DeFi. As we’ve seen from relatively new networks in the crypto space, such as Cardano, Huobi, and the like, entering DeFi sparks the growth of their ecosystems, and introduces users into the network.
Fuse has stepped into the right direction with Voltage by providing users the necessary tools to conduct their multi-chain trades from just one focal point. This makes trading convenient, simple, and fitting for novice users who are just starting their trading journey. Their features show the basics of DeFi activities:
- SWAPPING via the Automated Market Maker (AMM).
- YIELD FARMING can earn rewards in $VOLT.
- STAKING tokens earn a portion of the revenue generated by the platform.
- BORROWING allows users to lend or borrow tokens securely from the platform.
- BRIDGE — Voltage acts as a cross-chain bridge where anyone can trade tokens from anywhere!
Launching the $VOLT Token
The Volt Token ($VOLT) is the bridge that transcends the governance of the platform back to the people. The token launches on 18th February 2022 along with the platform, Voltage Finance, so get your wallets ready if you’re planning to participate in this round!
IDO Price: USD0.004/ $VOLT
Tokens for Sale: 37,500,000 VOLT
Lock Up: 10% at TGE unlock, then 2% per week for 45 weeks
Market Cap: USD1,080,000
Circulating Supply: 270,000,000 VOLT
As of now, Voltage is already operational as a bridge for users to enter the Fuse Network. $VOLT will make this transition easier, and the team is rewarding $FUSE holders with a swap for $VOLT as part of their ecosystem swap rewards!
As per Voltage Marketing Specialist, Zach Miller, Voltage has no competition, in that the platform does not aim to beat similar projects, but rather focuses on growing the blockchain space as a whole alongside other players in the industry.
He made an example of SushiSwap, which is also part of the Fuse Network. Building on the same idea allows each platform to view different angles in how they flesh out their projects, and validates the idea that these services are necessities in bringing value to the chain.
The challenges that concern the Voltage team are similar to those of upcoming projects — that users are less exposed to Voltage Finance and the Fuse Network than the dominating players in the industry. The launch of the application and the $VOLT token aims to change that just by exposing to everyday consumers who may not even have been in the crypto scene to scale.
Powering Up the Future of Payments
Voltage is a powerhouse energizing the Fuse Network as it brings another essential application to the chain. With higher yields and a better financial system, Voltage is bringing a frictionless shift into digital assets, making a community that is inclusive to even the newest of traders.
While the platform is simple, it needs no frills to conduct the DeFi activities that need to be done. It is refreshing to see a project that is not embellished with extra features; what Voltage sells is their simplicity and accessibility that they hold true to the mission of Fuse Network.
It is certainly less intimidating to new users, and we can only presuppose that the addition of this platform will continue to grow Fuse as a whole, and further the mass adoption of DeFi with more players entering the market!