Decentralized Finance (DeFi) tokens have a huge prospect of yielding profit in the coming year. Thus, market analysts have advised you should have them in your portfolio to benefit from the potential boom.
Big Eyes (BIG) and Compound (COMP) are two great DeFi tokens with great prospects and could help you gain more from the crypto market in the coming months.
Now could be the best time to purchase any of these two crypto assets, as their price is tipped for an exponential increase soon.
Compound (COMP)
Compound (COMP) is a DeFi protocol that enables users to lend and borrow crypto assets. Like every lending protocol, the Ethereum-based blockchain platform allows you to earn interest on your crypto assets when you fund any of the platform’s liquidity pools. Compound supports about 14 crypto assets in three different markets with varying rates. USD Coin, Dai, and Ether are the top three markets on the protocol.
Borrowers and lenders find the ease-to-use platform beneficial. Lenders can lock their crypto assets in the protocol’s liquidity pool to earn passive income through compounding interest. Borrowers deposit collateral to get loans and return these loans with interest. Part of these interests takes care of lenders’ passive income.
Compound runs an automated lending and borrowing process leveraging the built-in smart contracts in its native COMP tokens. Thus, anytime you fund a pool, your crypto asset is converted to a COMP token. The COMP token represents the value of the assets you deposited, and you can use it to redeem your initially deposited crypto asset at a favourable time.
The Compound token COMP powers governance of the protocol. Holders of the ERC-20 token will be able to propose changes, deliberate, discuss, and vote about issues concerning the protocol, autonomously. Compound (COMP) has had its worst run in the current trading year. However, it has begun its recovery in the past months, gradually rallying towards its $900+ all-time high from its current price.
Big Eyes Coin (BIG)
The Big Eyes Coin (BIG) is one of the latest crypto projects that could improve decentralized finance (DeFi) adoption and make accessibility of the space seamless for individuals.
Big Eyes is a blockchain ecosystem built on the Ethereum network. The platform is streamlined to ensure users can access DeFi opportunities to experience growth in knowledge and wealth.
Big Eyes (BIG) aims to shift wealth into DeFi, attracting numerous crypto enthusiasts and newbies in the crypto space.
The platform will feature learning aids, tools, and resources for individuals that don’t know much about DeFi, how to navigate it, or how to leverage it for financial benefits. Big Eyes DeFi utility makes it eligible to benefit from the anticipated great run of DeFi tokens.
The meme coin isn’t about DeFi only. It boasts utility in NFTs, providing membership for users to access exclusive NFT events and content. Big Eyes will feature its NFTs collection, a store of value that will rise in market value over time.
Big Eyes NFTs are projected to be among the top ones in the market, and users can leverage them for financial benefits. Big Eyes’ utility also extends to having a swap for crypto asset exchanges at a low fee, leveraging the Big Eyes (BIG).
Big Eyes token (BIG) facilitates transactions, trading of merchandise and NFTs in the marketplace, as well as rewards. There will be about 200 billion token supply, and about 80% allocated to the presale is almost sold out. Big Eyes enjoys a successful presale due to its numerous utility and unique features.
The meme coin deviates from conventional ones, boasting great utilities and adopting a unique cat theme. It’s one of the crypto assets to look out for, and many believe overlooking it could be a costly mistake in the coming year.
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For more information on Big Eyes Coin (BIG) and its community, please visit the following links:
The Big Eyes Presale: https://buy.bigeyes.space/
The Big Eyes Website: https://bigeyes.space/
The Big Eyes Telegram: https://t.me/BIGEYESOFFICIAL
Disclaimer: This is a sponsored article. The views and opinions presented in this article do not necessarily reflect the views of CoinCheckup. The content of this article should not be considered as investment advice. Always do your own research before deciding to buy, sell or transfer any crypto assets.
