Review Amara Finance ($MARA) – A cross-chain financial aggregator for NextDeFi.

January 23, 2022 - Around 4 mins mins to read

Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world.

Concept Project – What is Amara Finance?

Amara Finance is a cross-chain financial aggregator aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world. It also is the pioneered multi-chain deployed DeFi 2.0 lending protocol, allowing users to borrow a variety of stablecoins while obtaining auto compounded liquidity mining rewards.

With ambitions to become the top lending protocol within the Polkadot ecosystem, Amara’s team will offer the following products:

AmaraLend, a creative multi-chain deployed lending protocol to release assets efficiency and bring DeFi to a new Era
AmaraLink, a multisig cross-chain bridge connecting Polkadot and off-DOT world
AmaraPay, an aggregated payment gateway protocol responding swiftly across the world.

Outstanding features

What is the project trying to achieve?

In terms of their vision, Amara’s aim is not only finding a position on Polkadot but also introducing more assets and users into Polkadot and becoming a multi-chain DeFi collaboration center.

First, Amara is a lending platform that focuses on high-quality long-tail assets, which is very different from those leading lending projects that only cover mainstream assets. They are looking to build a model that is going to generate greater returns with fewer risks.

Second, Amara is developing its own cross-chain bridge protocol to allow users to transfer assets between other blockchains and Polkadot. With that, they will become a multi-chain assets lending platform and achieve multi-chain deployments.

They are also going to develop NFT related financial products, which is a very new concept in the space. In addition to the product features, they take security very seriously.

What is unique selling point?

Multi-chain: The increasingly obvious trend of the crypto market is the combination and communication of chains. The game now is not that the winner will take it all, but gradually the importance of chains being able to communicate and transfer value with each other. Amara is aiming to realize multi-chain implementation to catch up with the Multi-chain trends.
Aggregation Platform: Amara Finance aims to be a cross-chain aggregation platform in which different DeFi protocols can be integrated and assembled like lego blocks. This fusion will be a necessary step forward to advance and shape the future of blockchain.
Cross-chain integration: Amara Finance has three core products, AmaraLend, AmaraLink, and AmaraPay, which are working together to realize the vision of cross-chain connectivity.
Focus on long-tail assets: Amara Finance models the risk of long-tail assets and separates them from top coins to avoid the associated risk.

Roadmap

Technical Data

Key metrics

$MARA

Token Name: Amara Finance
Ticker: MARA
Blockchain: Updating…
Token Standard: Updating…
Contract: Updating…
Token type: Utility, Governance.
Total Supply: 150,000,000
Circulating Supply: Updating…

Token allocation

Token release Schedule

Updating…

Token use case

MARA token will have the following applications:

Utility: You can stake MARA to earn interest or enjoy more incentives in Amara Finance products.
Governance: MARA holders can propose and vote in the system’s governance decisions.

Token sale

Round: Public
Price per token: 0.5$
Platform allocation: 200 000$
Gleam competition allocation: 200$
Gleam competition — number of winners: 100

How to own the token?

20.01.2022 9 AM UTC — Whitelist start (mandatory for non-SNP stakers): https://gleam.io/eZs14/synapse-network-amara-finance-public
22.01.2022 9 AM UTC — SNP stakers can start to register their interest in the guaranteed allocation
24.01.2022 9 AM UTC — End of time for Whitelist and interest registration
24.01.2022 7 PM UTC — Whitelist Announcement, publication of allocation size, KYC for Whitelisted start
26.01.2022 9 AM UTC — Sale Start
27.01.2022 9 AM UTC — Sale End
28.01.2022 9 AM UTC — Return of overallocated unused funds

Market and Community

Community

Amara Finance has crossed the mark of 71,900 Followers on Twitter.

Backers

Team/ Founders

Updating…

Partners

Investors

Conclusion and analysis

Amara Finance aims to be the top lending protocol within the Polkadot ecosystem and the go-to hub for interconnectivity and lending.

Amara Finance is an international team of well-developed and dynamic professionals, with about 10 core members of senior blockchain developers, and cryptography experts.

Find more information about Amara Finance:

Website: https://www.amara.link/

Twitter: https://twitter.com/AmaraFinance

Telegram: https://t.me/AmaraFinance

If you have any questions, comments, suggestions, or ideas about the project, please email ventures@coincu.com

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.

Elise

Coincu Ventures

DeFi Reviews, DeFi, Knowledge

Review Amara Finance ($MARA) – A cross-chain financial aggregator for NextDeFi.

Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world.

Concept Project – What is Amara Finance?

With ambitions to become the top lending protocol within the Polkadot ecosystem, Amara’s team will offer the following products:

AmaraLend, a creative multi-chain deployed lending protocol to release assets efficiency and bring DeFi to a new Era
AmaraLink, a multisig cross-chain bridge connecting Polkadot and off-DOT world
AmaraPay, an aggregated payment gateway protocol responding swiftly across the world.