VenomDAO Ready to Introduce Full Liquidity Infrastructure for DeFi Products
Disclaimer: The opinions expressed by our writers are their own and do not represent the views of U.Today. The financial and market information provided on U.Today is intended for informational purposes only. U.Today is not liable for any financial losses incurred while trading cryptocurrencies. Conduct your own research by contacting financial experts before making any investment decisions. We believe that all content is accurate as of the date of publication, but certain offers mentioned may no longer be available.
VenomDAO continues its path to becoming a liquidity solution for Harmony. The organisation aims to become a complete solution for all aspects of DeFi: swapping, lending, borrowing and many others.
A variety of new products in 2022
Throughout 2022, VenomDAO is planning to introduce numerous products, including a turnkey launchpad solution where projects will be able to bootstrap their own liquidity from the moment they launch, and a platform entirely dedicated to stablecoin swaps.
VenomDAO will also release a money market, aimed at capturing additional TVL for the Harmony network, and deeper liquidity and use cases for VenomDAO governance tokens. A perpetual and leverage platform will utilize the money market for leveraged trading and yield farming.
Seigniorage protocol ‘Comfy Money’ will become a liquid alternative to the Harmony $ONE coin, allowing more $ONE to remain staked with validators to secure the blockchain.
Project’s achievements
While VenomDAO is getting ready to present a whole variety of new products in 2022, it has already established its reputation in the DeFi field by launching numerous industry-leading solutions in 2021.
In March 2021, the project launched decentralized exchange ‘ViperSwap’ - popularizing yield farming and DeFi on the Harmony network. ViperSwap includes a novel lockup/unlock system which has been adopted by other popular protocols such as DeFi Kingdoms.
As part of a multi-chain expansion, VenomDAO launched CobraSwap on Binance Smart Chain back in July 2021, and then presented Euphoria - an algorithmic reserve currency - on Harmony. Euphoria was one of the first protocols to integrate Chainlink Price Feeds when they went live on the Harmony network.
With a large number of products and solutions being released by VenomDAO, the organization is looking forward to becoming a full-stack solution for all aspects of the decentralized finance industry – an ecosystem that includes swapping, lending, borrowing, earning yield, yield optimization and leverage trading all in one place.
Related articles
Yuri Molchan
Gamza Khanzadaev
Dan Burgin
Alex Dovbnya
Vladislav Sopov