Review on SUKU by jesus ruiz
SUKU DeFi, Bringing decentralized finance to Blockchain users.
SUKU is a blockchain-based ecosystem that aims to make blockchains more efficient, transparent and collaborative by offering a supply chain platform as a service to businesses.
SUKU DeFi is an ecosystem of purpose-driven lenders that provide microfinance opportunities to blockchain participants. The ecosystem leverages an algorithmic, autonomous interest rate protocol combined with SMS and Whatsapp-based tools to provide these participants with access to open financial applications.
The ecosystem is focused on participants, such as farmers, manufacturers and distributors who share information about their products with SUKU tracking, these are rewarded and can take advantage of the many benefits of Blockchain-based decentralized finance.
SUKU DeFi, is the link between open finance, traceability and transparency. It leverages blockchain to track products as they move through the supply chain, allowing brands to show their customers a transparent and robust story behind the product journey.
Brands and institutions around the world can partner with SUKU DeFi to provide a liquidity pool of stable currencies (USDC, BUSD, etc.) for supply chain partners to borrow against. These lending partners can earn a variable interest rate.
Brands, institutions and individuals can provide purpose-specific donations to the Social Impact Protocol.
Brands, institutions and individuals, can contribute SUKU and USDC tokens to smart contract-based liquidity pools and earn a variable interest rate, which will be paid back to them in kind.
Supply chain participants, such as farmers, manufacturers and distributors who share information about their products with SUKU tracking, are rewarded and can take advantage of the many benefits of blockchain-based decentralized finance.
Not available to U.S. participants.
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Pros
- Provides access to an unmediated business ecosystem for brands to explore new opportunities.
- Provides supply chain participants with financial tools that can improve the performance of their businesses.
- Harnesses the power of decentralized financial technology to help create a more inclusive world.
- Brands, institutions and individuals can provide purpose-driven donations to the Social Impact Protocol.
- Brings decentralized finance to supply chain participants.
Cons
- The SUKU platform depends on other blockchain networks to function, which could be a risk.
