Review on Akropolis by Japheth Ayuba
By providing Under-collateralized loans, Akropolis is surely the best Defi project for everyone.
The Akropolis Project is one Defi project that I will always come to appreciate in the Crypto industry. Akropolis main and major use case is providing decentralized finance services to the crypto community through it's lending market. Akropolis touches different users of cryptocurrencies such as the Developers who can use it's services to build their own marketplace, for Defi users or borrowers to access under Collateralized loans or to contribute loans and get rewarded for that and also the general crypto community in the area that they can save and earn interests on their
The reason to why I say Akropolis is a Defi project that I will always come to appreciate is it's under-collateralized loan services. This under-collateralized loans means that users can borrow with as little as 50% of the amount to be borrowed kept as a collateral and in some cases (based on one's trust score) no collateral is required. I can't really say of other Defi projects offering this kind of service but amongst the ones I have seen, I have never come across any Defi project allowing under-collateralized loans. This is a wonderful idea that akropolis implements as it makes people who do not have up to the amount they wish to borrow, to actually borrow with just 50% as collateral
Akropolis being an Ethereum based Defi project makes its a global crypto project meaning it's services are borderless which gives everyone access to it's lending market wherever they may be. The project has not stopped progressing as they still have a lot that they are going into and bringing up for their development. The current value of its token is still a bit low but with massive adoption, am sure it's price would be mooning. Akropolis has come to be the first Defi project I have ever interacted with and am sure everyone who intends to make use of a Defi project would be glad he/she used Akropolis
Pros
- Akropolis is a Decentralized Finance Crypto Project that allows users access under Collateralized loans
- Apart from giving loans, Akropolis makes it possible for the crypto community to provide this loans and get rewarded for their services
- As a global crypto project, the services offered by Akropolis are borderless giving users from all around the world access to the lending market
Cons
- Users can only access loans using it's native tokens. Although there are plans to implement use of other stablecoins like USDT, until then users are to use it's native tokens
