CryptoAdventure

As the DeFi sector continues to expand, it has become increasingly difficult to determine what platforms and services are the best. There are new protocols, features, and services entering the market weekly. While many of these are simply copycats of other popular networks, some provide real benefits to the market. One such project that seeks to add value to the DeFi sector in new ways is MrWeb Finance.

MrWeb Finance is a new type of DeFi protocol. The network takes the best features from top-performing DeFi platforms and uniquely combines them. The user-friendly interface makes it simple for you to interact with these services, even if you are new to DeFi or cryptocurrencies.

The entire goal of the project was to make it easy for new users to participate in the budding DeFi market. The developers have gone to great lengths to eliminate or reduce many of the top ailments currently encountered by new users. For one, the entire platform offers cheaper transaction fees compared to its competitors.

Avoid High Gas Fees

The world's top DEX, Uniswap is currently undergoing record-high fees. These fees are the result of congestion on Ethereum's blockchain. PoW blockchains like Ethereum are limited in their scalability due to their technical specifications. Ethereum can only handle 13 transactions per second.

MrWeb Finance's developers realized this fact during their development phases. To avoid these concerns and provide a better UX, the platform was developed to run on the Tron blockchain. The decision to launch on Tron introduces some cool new possibilities for the platform. For one, it’s way cheaper to conduct transactions on Tron at this time.

Tron was built to cater to the needs of the current crypto user. In comparison, Ethereum was the first blockchain to make smart contracts popular. The platform still uses the PoW consensus mechanism which has been found to be power-intensive and susceptible to scalability issues.

Tron reduces these issues due to its use of a Delegated Proof-o0f-Stake Consensus Mechanism. DPoS networks eliminate miners. Instead, regular users can delegate their tokens in the form of staking to Validators. This process is more responsive and provides everyone in the network with a chance to earn rewards.

MrWeb Finance Staking

MrWeb Finance introduces some proprietary staking strategies. The platform allows AMA token holders to earn passive rewards by locking their funds into a smart contract for a predetermined time. These rewards are based on the time and amount you stake and not on the state of the market like trading. Consequently, your rewards are far more consistent when you stake.

Top Rates in DeFi

MrWeb Finance intends to raise the bar in terms of staking rewards. The project’s homepage states that it will offer the highest staking rewards in the DeFi sector. When you combine this promise with the network's low fee structure, there is profit earning possibilities.

DEX

MrWeb Finance intends to offer DEX users relief from Ethereum's high fees as well. The platform will host a TRC-20 compliant DEX that will allow anyone to trade their TRC-20 assets securely. The non-custodial nature of this system provides a higher level of protection against theft when compared to large centralized exchanges.

Token Bridge with Ethereum

MrWeb Finance seeks to streamline the Ethereum to Tron blockchain conversion process via its Token Bridge protocol. Currently, this conversion can require as many as four trades, across multiple platforms. Your asset will need to go from an ERC-20 token to ETH. Then it can be traded for TRON and finally the TRC-20 token you desire.

The Token Bridge will reduce the middle steps and allow you to go straight from ERC-20 to TRC-20 and back. As such, the protocol should help to drive further conversions in the market as Ethereum users have grown tired of the gas fee fiasco.

DeFi Lending

MrWeb Finance will also launch a DeFi lending protocol according to its roadmap. These peer-to-peer lending systems provide borrowers with more access to funds. They can scroll through the lending options and select a loan that fits their needs. Best of all, since the entire process is ran by smart contracts, all middleman fees are eliminated.

Lenders gain some cool benefits from these protocols as well. DeFi lending protocols allow lenders to provide liquidity to smart contracts. They receive interest based on the amount of liquidity and time they are ok with lending it out. Because they are repaid from the large liquidity pool, there is never any fear of late repayment.

Eliminate Whales

MrWeb Finance helps to eliminate whale manipulation due to its unique structure. The platform has set rules in place such as a requirement that the team never holds more than 40% of the total token supply. Additionally, the team funds are locked to provide “no rug pull” assurance to investors.

Yield Farming

Another cool feature that has become common on top-performing DeFi platforms is yield farming. Yield farming leverages large liquidity pools to provide new opportunities in the market. They operate like staking protocols in that you will need to lock some funds into a smart contract to receive rewards. However, they differ from staking protocols in that there are no predetermined locking requirements. You can withdraw your funds from the pool with no penalties.

MrWeb Finance – A Well Thought Out Approach to DeFi

The developer’s choice of features and the decision to launch on Tron demonstrates MrWeb Finance's desire to provide DeFi users more bang for their tokens. The Token Bridge and DEX features are sure to spur some investor interest moving forward. Plus, who doesn’t want higher staking rewards? For these reasons, you can expect to hear more from MrWeb Finance.