The cryptocurrency market crash brought with it a lot of uncertainty among investors. Since the bear run started, we’ve seen huge losses sustained and several negative news on some popular platforms and projects. This has translated to a strong distrust for crypto products and the decentralized finance (DeFi) space.
This begs the question, can cryptocurrency investment be safe, transparent, and rewarding in a Bear run? Fortunately, the answer to this is yes.
The cryptocurrency space is heavily driven by innovations constantly proferring solutions to problems in the ecosystem. And with investment safety, One of the platforms solving these problems and changing the narrative around cryptocurrency investment is SwissBorg. This innovation prioritizes the safety of its users over everything else.
What is SwissBorg?
SwissBorg is a cryptocurrency investment solution that allows crypto investors to store, trade, and enjoy yield on cryptocurrency investments. The project prides itself on its security and protection of users’ funds, which is a necessity now more than ever.
The UST crash and now the CelsiusNetwork insolvency have made more crypto users wary about the future. This is understandable as these two events have bred a lot of fear in the space, and this can have a strong impact on the mainstream adoption of cryptocurrency in the long run. As such, there is a need to rebuild trust among users, and SwissBorg is arguably one of the safest ways to store, trade, and earn a yield on cryptocurrencies.
The platform combines the best parts of centralized finance (CeFi) and decentralized finance (DeFi) to boost the confidence of crypto investors. Also, they hold the ‘Virtual Currency License’, which makes it compulsory for the platform to keep all user funds separate from its corporate funds, in addition to ensuring financial stability. This means that users can always access their funds, even in the event of bankruptcy, a scam, or a hack.
Furthermore, SwissBorg is in partnership with the world-renowned digital asset security company, Fireblocks. Through the use of their MPC keyless technology, SwissBorg adequately secures users’ funds and personal data, alongside the use of advanced cryptography.
SwissBorg Is Built To Last
The SwissBorg app has been tested and approved by trusted white hat hackers who found no vulnerability on the platform. The combination of CeFi and DeFi properties makes it a safe crypto platform for carrying out storage, trading, and yielding digital assets.
Currently, the crypto market is in a bear run, and as expected, a lot of projects will not make it through these trying times. The reason behind the downfall of so many projects during such times is the failure to plan for the future. However, SwissBorg has taken numerous steps to ensure that it will be here when the bulls emerge. One of the strategies used by SwissBorg is to maintain its treasury, about 2/3rd using fiat and stable coins since this is not as volatile as most cryptocurrencies, there is little to no risk of insolvency. The remaining one-third is invested in the top 10 tried and trusted cryptocurrencies such as Bitcoin and Ethereum. In addition, the ‘$CHSB’ tokens also serve as a part of the treasury. Although these tokens are primarily used to finance the CHSB Yield 2.0 and reward the community members for the part played in the growth of the ecosystem.
SwissBorg also employs a number of risk management strategies, one of which includes only investing in ‘lower-risk’ cryptocurrencies. This is why the platform has been able to avoid any exposure to the UST crash by warning their community about the high risk of the stable coin before its depegging. They also employ reliable budgeting practices to make sure that there are always funds available.
Conclusion
SwissBorg has implemented a contingency plan in the event that the bear market does not resolve as soon as expected. This way, even though the treasury would have declined due to current market conditions, SwissBorg continues to remain in a unique position to adequately weather the storm.
The platform has a rewards program that has caught the eye of many in the space. However, SwissBorg really shines when it comes to protecting and safeguarding user funds.