The cryptocurrency sector is rapidly evolving, with new projects emerging regularly, some of which are in development and yet to release their tokens. These projects have the potential to yield significant returns and are worth monitoring. Among these, two projects stand out: BeFi Labs and Lends Finance.
BeFi Labs offers a unique trading experience for BRC-20 and Ordinals tokens through a BRC-20 trading terminal. Its flexibility allows users to trade using their preferred wallets, including popular options like MetaMask and Trust Wallet, as well as UniSat or Leather Wallet. This platform distinguishes itself by not charging trading fees, providing a cost-effective trading environment, and enabling seamless navigation between CeFi, DeFi, and Web3, known as CeDeFi. Access COINTURK FINANCE to get the latest financial and business news.
BeFi’s cross-chain capabilities facilitate asset transfers between Bitcoin and other blockchains like Ethereum, Binance, or Solana, offering a faster alternative to traditionally slow and expensive Bitcoin transactions. Their upcoming Initial DEX Offering (IDO) is scheduled for February 4th at Ape Terminal, with a lottery system due to high registration numbers.
Another noteworthy project is Lends Finance, a lending and borrowing platform supported by THORChain and hosted on Arbitrum, Ethereum’s popular Layer-2 solution. Lends Finance offers more than just lending and borrowing services, allowing users to benefit from features like swaps and peer-to-peer order books. The platform employs L1 Streaming Swaps to improve trading efficiency, breaking down large swaps into smaller ones for better pricing.
Lends Finance also uses THORFi-focused lending, enabling users to collateralize crypto assets like BTC, ETH, or BNB. Similar to BeFi Labs, Lends Finance is preparing for its IDO at Ape Terminal, a popular launchpad for new coins, though the exact date has not been announced.