Review on zzz.finance by Paul Maduagwu
ZZZ finance taking its share of the DeFi community.
ZZZ Finance $ZZZ is a decentralized finance project, running on Ethereum blockchain. Its a community-centered project that aims to utilize the good features of the already existing Yearn Finance $YFI coin and improve on it.
$ZZZ provides a platform for yield Farming, where users deposit an amount and earn interest on their deposit. The concept of yield farming is risky, which the project details in a disclaimer at the bottom of the platforms website homepage. Labelling the token as "Experimental", such may not be my cup of tea but almost surely, there are people always willing to be Liquidity Providers for such projects and "experiment" with their funds.
Apparently the project has undergone a complete audit, and certified to be safe by CERTIK, which adds a layer of trust. Its major trading market is Uniswap, and price hovering around $236 at the time of writing this review.
Pros
- Ethereum token, can be stored on any ERC20 compatible wallet.
- Active trading on Uniswap Exchange.
- Yield Farming and Staking.
- Backed by a Decentralized Exchange.
Cons
- Listed on very few Exchanges.
- 20,000 max supply. Might reduce decentralization.
- Common use case. Large competition.
