Voltage Finance Significant Progress
Voltage Finance significant progress is calculated by how the platform and development teams work hard to achieve their goals. Many still claim complicated user experience as a hurdle to entering decentralized finance and adopting cryptocurrencies for payment. In their attempt to alleviate this, they recognize the necessity to network with those focused on building solutions that eliminate those barriers to adoption.
Fuse and Voltage Finance enjoys a strong relationship. Voltage Finance is the largest decentralized finance (DeFi) platform on Fuse and its mission aligns very much with Fuse’s vision of facilitating the mass adoption of decentralized finance and cryptocurrency payments.
Voltage Finance aims to empower users with a suite of tools made to connect them to all the capabilities that DeFi brings to the world. Its suite comes via a one-stop-shop application and the uniquely streamlined experience that it brings.
Setting the Stage for Success Into the Future
Following its transition to an independent DAO and successful raise early this year, Voltage Finance has had many significant and positive developments in 2022, helping to position itself to execute many near-term goals.
The platform’s native VOLT token saw its number of holders expand to over 5,200, over 1,800 of which are staking the token. Voltage also saw the launch of the Stableswap functionality enabling low-slippage inter-stablecoin swaps, and a peak daily trading volume of more than $3 million on the platform’s DEX.
On the partnerships front, Voltage Finance teamed up with several major projects so far this year. It includes Beefy Finance, Infinity Pad, Rango Exchange, and Poolz Finance, among others. It is also working on listing its token on several centralized and decentralized exchanges in the coming months.
The Volt app — a new era for the ecosystem
The Fuse Cash mobile wallet was originally developed by the Fuse team. Being an implementation of its own open-source wallet technology targeted at DeFi users. Given that Voltage is the largest DeFi platform on Fuse. The Fuse team made a decision to transfer Fuse Cash under Voltage’s aegis, and the resulting revamped product will bear the Volt app name.
Improved Staking and Governance — veVOLT
Voltage also intends to upgrade its staking platform and streamline the staking process.
Pending DAO approval, Voltage will begin issuing veVOLT tokens to stakers instead of xVOLT. This proposal intends to strengthen stakers genuinely invested in the project for the long-term and protect the community from those who aren’t. It will do this by increasing the weight of a wallet’s voice in the governance of the DAO. According to the length of time the stakers will be prepared to lock their VOLT up. The veVolt will also enable holders to vote on the distribution of farm rewards.
For full updates and progress as well as for upcoming products that Voltage Finance could bring and offer to their users, kindly visit the link here.
ABOUT Voltage Finance
Voltage was created to give anyone access to a powerful suite of DeFi tools. From an all-in-one application that is also conveniently accessible on any smart device.
ABOUT Fuse Network
A fast, decentralized, and low-cost alternative to existing digital payments. Fuse network’s native currency, FUSE, works to align the incentives of all the network users. FUSE is currently being traded publicly on decentralized exchanges such as Uniswap.
