The FED has embarked upon quantitative tightening. This means they stop buying government bonds and the yields improve because demand is lower. The effect on the market is that money naturally gravitates towards these bonds, with US government bonds being seen as one of the globe’s safest investments. The exact opposite is true for quantitative easing. The FED buys up government bonds and the yields drop, forcing money into higher-risk ventures.
When the market sentiment reverses and the environment becomes risk-on, capital will flood back into DeFi (decentralised finance). The summer of 2023 will likely blow the DeFi summer of 2020 out of the water. With new projects like Uniglo (GLO), Stacks (STX), and Decred (DCR) all offering brilliant utility, DeFi is ready to soar to new heights.
Uniglo (GLO)
Uniglo is a social currency offering an organic floating value store. Designed in reaction to the poor choice faced by investors between fiat with a rapidly eroding actual value or digital assets and extreme volatility.
Uniglo implements buy and sell taxes to acquire assets and stores them in the Uniglo Vault. The Uniglo Vault holds digital, physical, and NFT assets. By having these assets, not only are investors exposed to various market segments, but these assets give GLO a natural floor price, making it a value-backed token.
The Vault will store BTC & ETH to benefit from long-term price appreciation, stablecoins to hedge against volatility, smaller cap cryptos to benefit from growth speculation, and high-end luxury items such as gold and fine art, which have proven an excellent store of value in recent times. GLO is offering investors a third option to preserve their actual purchasing power long term.
Stacks (STX)
Stacks unleashes Bitcoin’s true potential. This layer one project benefits from Bitcoin’s security using its innovative PoX (Proof of Transfer) consensus mechanism whilst allowing the use of Bitcoin in daily transactions and DeFi (decentralised finance) applications. Stacks is a layer one protocol built on top of Bitcoin and uses the Bitcoin Network as the final settlement layer whilst deploying smart contracts.
Stacks has delivered DeFi utility to the world’s leading digital asset, and the native token STX can be staked to earn BTC. This project represents a great leap forward for Bitcoin and DeFi, and its growth is inevitable.
Decred (DCR)
Decred is the next evolution of money. Decred is a cryptocurrency that prioritises decentralisation and community input built around the principles of sovereignty and privacy. The protocol employs a hybrid consensus mechanism combining PoW (Proof of Work) and PoS (Proof of Stake) to ensure that the community remains the central governing body. Decred is a blockchain project created for the public good, purpose-built to resist the influence of one large group, and it perfectly embodies the true ethos of digital assets.
Find Out More Here
Join Presale: https://presale.uniglo.io/register
Website: https://uniglo.io
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