June 7, 2022

Zunami Protocol is a place to multiply stablecoins

Inrecent months, the cryptocurrency market has been in decline. The same trend has emerged in the stock market. The markets have risen too much and are greatly overvalued. More and more investors are selling assets for the US dollar. For investors in cryptocurrencies, these are stablecoins. At the same time, we are seeing record inflation rates. Thus, the investor has one way out — to find an asset that is falling or depreciating more slowly.

Banks offer still low interest rates. For stablecoins in DeFi protocols, interest rates are substantially higher than banks have. Therefore, placing stablecoins in DeFi protocols is one option to beat inflation or even generate revenue. But there are many protocols and they can be dangerous for the inverter due to frequent hacks of smart contracts. Learning protocols takes time.

The way out of this situation can be protocols that aggregate other protocols and choose the best and safest investment options. For example, Zunami Protocol works in this direction. The protocol automatically selects the most profitable pools and places the user’s funds there. Funds from unprofitable pools are withdrawn. The protocol allows you to reduce network commission costs. Zunami Protocol automatically sells rewards and reinvests profits, which allows you to significantly increase APY through compound interest. The interface is simple and intuitive. Zunami plans to work on various popular networks — Ethereum, Polygon, BSC and others, which will add more investment options.

Zunami Protocol places a significant emphasis on security. Zunami Protocol promises that all user funds will be 100% (100% TVL) insured.

Thus, Zunami Protocol removes some of the routine work from the investor. He is an excellent investor assistant. At the same time, the protocol is still at the initial stage, TVL is small. I think it’s worth following the development of this project. The project is very interesting.