A new yield farming as a service protocol Gnox has announced a $50,000 cash injection into its treasury. Launching on the Binance Smart Chain, several crypto analysts agree that Gnox could be one of the most exciting launches of 2022. Following a total allocation during its ICO phase, and with this treasury start-up fund, investors from Fantom (FTM) and PolkaDot (DOT) are showing interest.
The bear market build season has ostensibly ended, and it is time for protocols to show what they can do on the open market.
Gnox (GNOX)- DeFi Earning Made Easy
Gnox has consistently met its road map targets, and the launch draws closer and closer. By leveraging buy and sell taxes to build a treasury fund, the developers have created a single investment vehicle giving investors exposure to DeFi. The treasury fund is the first of its kind, designed with investors in mind; it is deployed within DeFi protocols to earn. Every 30 days, the generated yield is swapped into stablecoin and split amongst GNOX holders.
With this capital injection, yield generation begins at the outset, and every GNOX holder will receive their first stablecoin reflection in one month. The treasury is designed to grow and increase its earning capacity. This $50,000 allows it to start strong but is only just the beginning.
Fantom (FTM)- DeFi Paradise
An ultra scalable layer one protocol, Fantom and its mainnet Opera have quickly established themselves within DeFi. With rapid transaction finality and nominal costs, investors have flooded this network, and incentivised by the Fantom Foundation’s programme, developers have also migrated. This result is one of the most dynamic ecosystems with crypto.
Fantom investors are typically DeFi enthusiasts who love to generate yield with their digital assets, and the Fantom ecosystem is the best place to do it.
PolkaDot (DOT)- The Future Decentralised Web
Headed by the Relay Chain, considered the heart of PolkaDot, it utilises its parachains- project-specific blockchains that report back to the Relay Chain- to introduce a new era of interoperability.
PolkaDot is a layer 0 project building the foundation for the future decentralised web. The lack of communication between blockchains has become incredibly apparent and painful as they have grown in size, unable to transfer assets and data; this isolation has become a core weakness of sovereign chains. PolkdaDot offers the solution.
A low-touch solution to DeFi earning is highly appealing to FTM investors, and the long-term growth prospects have interested DOT holders. Established and seasoned investors, FTM & DOT holders have likely already realised that the launch price will be the last solid entry point for GNOX.
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