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Trendy DeFi Review: The Ultimate Passive Income Solution For DeFi Enthusiasts In 2024

In this Trendy DeFi review, we will explore the project’s unique approach, analyze its features, delve into the broader landscape of the crypto market, and understand the impact of the upcoming Bitcoin halving event.

Introduction

The past decade has witnessed a tumultuous journey for the financial industry, with the collapse of large financial institutions and the concentration of decision-making power in the hands of a few individuals. These challenges have highlighted the risks associated with centralized systems. However, amidst the turbulence, decentralized finance (DeFi) has emerged as a beacon of hope, offering new opportunities and empowering investors.

DEX vs CEX

Following the centralized exchange FTX collapse in November 2022, DEX trading volume surged, indicating a significant shift in investor preference towards decentralized platforms. The ongoing debate between centralized exchanges (CEX) and decentralized exchanges (DEX) is a pivotal discussion in the crypto community:

BasisCentralized Exchanges (CEX)Decentralized Exchanges (DEX)
Ownership and ControlLower liquidity due to a smaller user base and trading volumesBuilt on a decentralized, noncustodial blockchain system
Private KeysHold the private keys on behalf of usersUsers maintain autonomy over their private keys
KYC ProcessRequire users to undergo a Know Your Customer (KYC) processNo KYC requirements, enabling anonymous trading
LiquidityHigher liquidity due to access to a larger pool of buyers and sellersMore technical, requiring familiarity with blockchain technology
Regulatory OversightOften owned by regulated entities and subject to regulatory oversightExempt from the same regulatory limits as centralized exchanges
Asset SupportUsually support a wider range of cryptocurrencies for tradingLimited support for tokens and sometimes require specific cryptocurrencies for trading
User-FriendlinessUser-friendly interfaces, suitable for both novice and advanced usersUsers are responsible for the protection of their funds
SecurityVulnerable to hacks and security breachesUsually support a more comprehensive range of cryptocurrencies for trading
Transaction FeesHigher transaction fees compared to DEXsLower transaction fees due to direct peer-to-peer transactions
Customer SupportGenerally provide customer support servicesOften lack dedicated customer support services
Censorship ResistanceProne to censorship due to regulatory obligationsResilient to censorship due to the absence of KYC requirements
PopularityMore popular and have been around for longerGaining popularity in recent years

Bitcoin Halving Event

The highly anticipated Bitcoin halving event, set to take place on April 28, 2024, is a significant milestone in the world of cryptocurrencies, particularly within the Trendy DeFi ecosystem. Occurring approximately every four years, the halving event involves a reduction of the block reward given to miners by half. As these halvings progress, the creation of new Bitcoin decreases, ultimately leading to the attainment of the maximum supply.

Within the Trendy DeFi pool, this reduction in new Bitcoin creation has an impact on the price of MATIC. Consequently, it fulfills one of the conditions of the investment pool, enabling participants to exercise their voting rights. Through the implementation of a DAO mechanism, investors can vote on whether to close the pool or determine the monthly profit. In cases where the voting rate surpasses 51% agreement among the investors, the development team will adjust the interest rate percentage accordingly.

As of July 2019, there have only been two previous Bitcoin halving events. These occurred on the 28th of November, 2012, and the 9th of July, 2016. At the time of the first halving event, the price of Bitcoin was $12.31, and at the time of the second halving event, the price of Bitcoin was $650.63.

According to Binance Academy, the Bitcoin halvings timer is calculated using the following formula:

(Halving block – Next block height) * Average time between blocks – estimated time until the next block.

Trendy DeFi Review: A Paradigm Shift in Financial Projects

Trendy DeFi distinguishes itself from traditional financial projects by embracing the principles of DeFi and empowering investors. Unlike projects where decision-making power is centralized, and funds can be misused, Trendy DeFi prioritizes transparency, fairness, and user control. The platform offers a comprehensive ecosystem where users can engage in buying, depositing, exchanging, and, most importantly, earning monthly passive income based on investors’ voting percentages.

At the core of Trendy DeFi is a shared wallet system built on Smart Contract technology, ensuring the security of funds and preventing unauthorized transfers. The platform operates as a Decentralized Autonomous Organization (DAO), enabling all participating members to make decisions through voting collectively. This decentralized governance model eliminates centralized control and empowers investors to shape the project’s future. The system’s funds can only be used to adjust interest rates through voting, and any modifications require a 51% majority agreement from members through the vote.

Security and Safety as Top Priorities

Trendy DeFi places paramount importance on security and safety. To ensure the platform’s integrity, it has undergone extensive audits by Certik, a leading global blockchain auditing company. This thorough evaluation gives users confidence in the platform’s robust security measures.

Additionally, Trendy DeFi has been listed on reputable platforms such as DappRadar, a leading decentralized application (Dapp) statistics and aggregation platform, and Polygon’s official website, further enhancing its credibility within the crypto community. TrendyDefi currently holds the rank 261 among over 3000 Defi Dapps listed on Dappradar.

Leveraging MATIC in Investment Pools

As a Polygon-based platform, Trendy DeFi leverages MATIC as the staking token in its investment pools. MATIC, listed on numerous exchanges, including Binance and Coinbase, offers stability during market downturns and exhibits steady growth during market upswings. With more than 53,000 active DApps on the MATIC platform, it serves as a robust foundation for developing decentralized applications, making it an ideal choice for Trendy DeFi’s technology stack.

Use $MATIC deposit token to invest 25% to pay system commission, 75% push to pool.

Trendy DeFi ensures appropriate and safe interest rates for its users, ranging from 7% to 10.5%. The combination of market dynamics, the investor community, and the AUTO DCA (Cost Averaging) feature guarantees the safety of the investment pool. The project provides a clear roadmap for investors, outlining entry and exit points, profit rates, and risk management strategies.

Additionally, the condition-based approach ensures that investors receive interest for a defined period and allows voting to close the pool if specific criteria are met:

  • Condition 1: Investors receive 7 – 10.5% interest over 2 years.
  • Condition 2: Once the price of Matic reaches $1.6, all system members will receive a voting notification to determine the pool’s closure. If a majority of 51% or more votes agree to end the pool, it will be officially closed. In such a scenario, the development team will collaborate to adjust the interest rate, ensuring investors can claim the remaining benefits from their investments.
Investment packages100 – 1,0001,001 – 5,0005,001 – 10,00010,001 – 50,00050,001 – 100,000100,0001 ≥ 200,000
Interest rate/ month7%7.5%8%8.5%9%10.5%
Profit168%180%192%204%228%252%

Staking

Trendy DeFi provides the potential to earn an annualized rate of return (ARP) ranging from 85.1% up to 127.75% for staking MATIC. All funds belonging to members are held within the Staking Pool, which is meticulously crafted using a Smart Contract. To instill an additional layer of trust, the Staking Pool undergoes a comprehensive audit by Certik, a reputable auditing firm.

Additionally, Trendy DeFi offers pool ranking rewards for those who meet the minimum requirements. Since active members staked a certain amount of tokens, they can earn additional rewards and move up in the pool rankings as table below:

How to Staking

Staking on Trendy DeFi’s Beta Version is a straightforward process. Follow these simple steps to get started:

  • Step 1: Visit the Trendy DeFi platform and access the interface. Connect the compatible wallet to the platform.
  • Step 2: Select Pools for staking Navigate to the middle-top menu and choose the “Pools” option for staking.
  • Step 3: Explore available staking pools. You will find a list of staking pools with different interest rates. Take your time to review the options. Once you have decided on a pool, click the “Detail” button for more information.
  • Step 4: Make a deposit Click on the “Deposit” button and enter the desired amount you wish to stake. Alternatively, you can choose from preset options like minimum, 25%, 50%, 75%, or maximum amounts. Once you have entered the desired quantity, click “Deposit” to proceed.

After successfully staking your assets, the staking page will reflect the total amount of assets you have staked.

By following these steps, you can easily participate in staking on Trendy DeFi’s Beta Version. Remember to stay informed and make informed decisions while staking your assets.

Road Map

Conclusion – Trendy DeFi Review

Trendy DeFi has emerged as a beacon of hope in cryptocurrencies, providing new opportunities for investors and empowering them through a decentralized governance model that prioritizes transparency and fairness.

At the core of Trendy DeFi is a shared wallet system built on Smart Contract technology, ensuring the security of funds and preventing unauthorized transfers. The platform operates as a Decentralized Autonomous Organization (DAO), enabling all participating members to make decisions through voting collectively. This decentralized governance model eliminates centralized control and empowers investors to shape the project’s future. The system’s funds can only be used to adjust interest rates through voting, and any modifications require a 51% majority agreement from members through the vote.

By leveraging MATIC as the staking token in its investment pools, Trendy DeFi offers appropriate and safe interest rates ranging from 7% to 10.5%, ensuring the safety of the investment pool through the combination of market dynamics, the investor community, and the AUTO DCA (Cost Averaging) feature. The project provides a clear roadmap for investors, outlining entry and exit points, profit rates, and risk management strategies.

Furthermore, Trendy DeFi places paramount importance on security and safety, undergoing extensive audits by Certik, a leading global blockchain auditing company, and being listed on reputable platforms such as DappRadar and Polygon’s official website. TrendyDefi currently ranks 261 among over 3000 Defi Dapps listed on Dappradar.

Trendy DeFi offers investors a unique opportunity to experience a paradigm shift in financial projects, earning monthly passive income based on investors’ voting percentages and shaping the project’s future through collective decision-making. With its innovative approach to finance and commitment to transparency, fairness, and security, Trendy DeFi is poised to become a prominent player in the crypto market.

DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.

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Thana

Coincu News

Thana

I am a news editor at Coincu, where I produce daily editorial packages and manage the knowledge and review article sections. Before journalism, I earned a Bachelor's degree in Global Logistics and Supply Chain Management from Northampton University and studied news journalism at Press Association Training.

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