Vortex DeFi Set To Include Cross-Chain Expansion From ETH to BSC and DOT
With the recent announcement of plans to expand from Ethereum, which is currently the only available option, to BSC and DOT, Vortex DeFi has continued their mission of simplifying yield farming and thus opening up the world of decentralised finance to more people and businesses. This is done in order to allow as many people as possible to benefit from the incredible crypto-based solution provided by the company through its innovative DeFi platform.
The demand for blockchain-based solutions from businesses and individuals from all walks of life has been steadily increasing in recent years. Many companies and products have emerged over the years to meet the ever-increasing and diverse needs of various stakeholders in the industry. According to a new report by Grand View Research, Inc., the global blockchain technology market will be worth $394.60 billion by 2028, representing a 36% increase from its current value. Several DeFi protocols have recently been developed as a result of a resurgence in interest in the technology. Although many such protocols have a positive reputation, users are often sceptical about the security of their funds, the ease with which they can find the best annual percentage yields, and the ability to participate in such projects. According to the feedback received from Vortex users since the platform’s launch in September 2020, the company appears to have mastered the art of streamlining the process.
As part of an all-encompassing ecosystem that brings together leading protocols and platforms, Vortex DeFi enables honest farmers to take advantage of the full potential of distributed finance. Tokens can be purchased and sold using a credit card or bank account through the V-Pay system. Other features of the ecosystem include V-Swap, which allows for seamless crypto-asset swap, V-NFTs, which allows for the management of non-fungible token assets, and V-Dex, which is a blockchain agnostic decentralised exchange. In addition, V-Yield and V-Insure are components of the ecosystem, which together provide a comprehensive decentralised finance solution to all users.
Vortex is intended to serve as a one-stop gateway and aggregator, allowing users to gain seamless, consolidated access to protocols such as Compound Finance, Aave, and YFI from a single application. Vortex is collaborating with leading blockchain companies from around the world to develop a suite of tools that will allow users to access multiple blockchains from a single location. This collaboration is part of the company’s goal to reach as many stakeholders as possible across the globe. Vendetta Capital, Black Mamba Ventures, Faculty Capital, Pluto Digital Assets, A195 Capital, and a slew of other investors are among those who have partnered with the Vortex to date.
Founder Rahul Singh has brought his technical expertise to the table, drawing on his more than 12 years of experience as a product manager in the aerospace and retail industries, among other fields. Considering the accomplishments of Vortex in such a short period of time, this claim has been proven correct. When the company first launched in September 2020, it was operating in stealth mode as it worked to complete the development of its minimum viable product. Things changed dramatically after obtaining a proof-of-concept, and the company ultimately decided to launch an initial DEX offering in February 2021 as a result of their efforts. The move had an almost immediate impact, with investors seeing a 25x return on their investment almost immediately.
For more information on Vortex and the innovative solutions provided by the one-stop gateway and aggregator, please see https://vortexdefi.com/. Vortex can also be found on various social media platforms, such as Twitter, Telegram, and Medium, among others.
About Vortex DeFi (Vortex DeFi is an abbreviation for Vortex DeFi).
As a one-stop gateway to help users manage their investments in protocols running on the Ethereum and Polka networks, Vortex DeFi is an online platform that brings all of the DeFi-related opportunities together in one convenient location. To enable honest farmers to take advantage of the full potential of decentralised finance, the platform cuts across different ecosystems and brings together leading protocols and platforms.