BucksCake Decentralized Finance (DeFi)



Introduction



Ethereum, the second most popular blockchain network, is putting final touches on the second version of the network. Called Ethereum 2.0., this new Ethereum blockchain will address most of the issues with the existing version.

Issues to be resolved include but are not limited to scalability, high transaction fees, and non-interoperability.

At the same time, newer projects are joining the cryptocurrency space and are relying on the Ethereum blockchain to build their ecosystems.

One of such projects is BucksCake. Unlike the others, it has an eye for the future. Instead of using the current Ethereum blockchain, BucksCake opted to build on the same layer as Ethereum 2.0.

Besides, it focuses on the Decentralized Finance (DeFi) industry, which is one of the budding ecosystems in the cryptocurrency industry.

It is on this note that I encourage you to read this article to the end so you will understand the unique features of this platform, as they pertain to Decentralized Finance (DeFi).

ALL-AROUND DEFI SERVICES
The first feature of BucksCake is that it offers an all-around Decentralized Finance (DeFi) service. This is because the project is DeFi-centric.

Among the several DeFi services it offers are Yield Farming, Cloud Mining, and Staking.

FEATURES OF BUCKSCAKE
Let us now learn about the products and services that the broader BucksCake ecosystem has to offer to the Decentralized Finance (DeFi) industry.
Some of them are:

1- Yield Farming



Nowadays, you don’t necessarily need to trade cryptocurrencies to make money. There are multiple income opportunities for you to select from.

Yield Farming is one of them. It is one of the most popular passive income opportunities provided by Decentralized Finance (DeFi).

Also called Liquidity Mining, Yield Farming has to do with the provision of liquidity for smooth transactions on Decentralized Exchanges (DEXs) and Automated Market Makers (AMMs).

In exchange for the liquidity you provide, you will either be rewarded with crypto tokens from the liquidity pool where you added liquidity, or you will be given a specific percentage of the trading fee collected from traders on the pool.

BucksCake operates a Yield Farming scheme that allows you to receive UNIv2 (BKC-ETH) tokens issued to the wallet you used to add liquidity to the pool.

2- Ultra Liquidity
One feature that BucksCake has as an advantage over its competitors is the ultra and automatic liquidity provision and sustenance.

On the one hand, the platform rewards Liquidity Providers (LPs) for adding liquidity to its pool. On the other hand, the platform makes conscious efforts to sustain the liquidity.

This is done in many ways, notable among which is the farming of the commissions from the crypto tokens placed in the pool and buying back the tokens.



CONCLUSION
BucksCake is a new DeFi project that introduces newer features into the Decentralized Finance (DeFi) industry.

The project is user-centric, hence, the wide range of services it offers tailored for its users. Besides, you have more opportunities to make money on the side either by staking your crypto tokens in the pool or by providing liquidity and earning commissions.

USEFUL LINKS


Author:wily27
Eth: 0x31F5A81e9a6C8295423bDBDCC572a48c247BaE2F




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