Yield farming is a phenomenon that has driven decentralized finance (DeFi) in the past 12 months. Several yield farming protocols have emerged, offering users immense rewards for staking their tokens on their platform.
However, none of these yield farming platforms has the unique approach implemented by Clever DeFi which offers users a unique way of getting interests in their holdings without any restraints or conditions.
Earn Compound Interests from Holding CLVA
Clever DeFi has embedded a novel decentralized distribution mechanism that mints interest payments to token holders fortnightly. These interest payments are distributed into a cycle period that lasts for 888 cycles (34.5 years).
What is impressive about Clever DeFi is that it does not have restraints and conditions found on other DeFi projects. Clever DeFi does not mandate conditions to whoever holds CLVA tokens. This includes needing CLVA holders to agree to staking contracts, terms, and conditions.
All CLVA token holders are eligible to receive compound rewards, unlike other protocols that require token holders to stake (lock) their tokens for a duration of time to reap the rewards. This makes CLVA an ideal token to hold since you can exchange your funds at any time.
CLVA token holders that hold their tokens for a year can make up to 307% in compound interests within this period. This increases to 445% in the second year and 600% by the fifth year, representing a remarkable investment opportunity for investors.
The increase in the number of CLVA tokens is independent of the price, which is expected to rise exponentially during this period. Thus CLVA token holders get more tokens during this period as a result of the fortnightly interest payments irrespective of the price for 888 cycles.
It is normal to be wary about DeFi protocols that promise monumental returns for investment. This is because there have been cases of protocols getting hacked, leading to price dips and scam projects that initiate rug pull on unsuspecting investors.
Bryan Legend leads clever DeFi, a self-made crypto millionaire that has extensive experience in the crypto space. Legend gives Clever DeFi a stellar reputation, which is evident in the growing popularity of the DeFi protocol.
Unlike other projects where the founding team pre-mine tokens in the guise of developmental funds. The CLEVER DeFi team instituted a zero supply policy in which no tokens were pre-mined before the minting phase. Clever DeFi also has an analytics section on its website that provides full information on the activities on the DeFi protocol. This ensures that transparency is attained as everyone can follow the activities on the platform
In February, the minting phase occurred leading to the successful minting of CLVA tokens culminating in listing the token on Uniswap in March.
CLVA Token Pumps 120% 24 hours after Uniswap Listing
CLVA was listed on the popular decentralized exchange Uniswap on March 17 2021 via the ETH/CLVA trading pairs. Twenty-four hours after the listing the price of CLVA increased double-fold after traders thronged to the liquidity pool to purchase the tokens.
CLVA tokens were well received by Uniswap traders, who are notorious for purchasing tokens that offer the best possible rewards. CLVA offers traders the prospect of earning fortnightly rewards alongside compound interest for holding CLVA tokens.
The price of CLVA is expected to continue in this upward trend as more traders continue to provide liquidity for the project. The Clever DeFi team is hard at work to list the project on more exchanges.
Investors and holders of CLVA can look forward to more technical activities on the yield farming protocol in the coming months. It is not too late to join the CLVA train since the token is still at a very low price.
Disclaimer: This is a paid post and should not be taken as news/advice