Will CashFi (CFI) Match Avalanche (AVAX) & Shiba Inu's (SHIB) Success

The DeFi sector has been known to appeal to investors who would like more out of their investment. CashFi (CFI) is a project that will offer a variety of financial tools for its users, but how will the asset perform overall in comparison to market mainstays Avalanche (AVAX) and Shiba Inu (SHIB)?

Cash Out with CashFi (CFI)

CashFi (CFI) is a project that will introduce a new, unique model that will enable users to have access to a variety of different cryptocurrencies. The aim is to create an ecosystem that can cater for the demands of users who have an interest in multiple aspects of the blockchain space. 

CashFi (CFI) will look to optimise its services to provide an ecosystem that is cheaper, faster and more scalable in comparison to its competitors.

CashFi (CFI) is a decentralised platform based on the Ethereum (ETH) network. The native token is CFI which is an ERC-20 token and is used to facilitate transactions and participate in the network.   

One of the key aspects of the platform will be the liquid staking service referred to as CFI Staking. The liquid staking market has increased dramatically over the year with an 1100 percent rise in 2021. This is mainly due to the overall expansion of projects using the PoS (Proof of Stake) consensus.

Although the concept behind liquid staking offers huge potential, there are several drawbacks that users face whilst using current platforms. The main issues are asset inefficiency, lesser yields, lack of instant liquidity and low security.

The CFI Stake platform will overcome these vulnerabilities by delegating user assets through an intermediary platform that stakes for the user without blocking access to the staked funds. Unlike alternative platforms using PoS, the tokens are always available and are not entirely locked or frozen.

The future looks bright for CashFi (CFI), it would be a wise decision to look into potentially adding it to your portfolio, however, it is always important to conduct thorough research before making investment decisions.

Avalanche (AVAX) to Advance?

Avalanche (AVAX) was developed by Ava Labs, a software development company based in New York, in 2018. 

Ava Labs and Avalanche (AVAX) were founded by computer scientist Emin Gün Sirer, a Cornell Professor and distributed ledger technology pioneer.

The Ava Labs team has experience from Microsoft, Google, NASA, Consensus, Harvard, Princeton, Cornell, and more. They are a conjunction of world-class experts in computer science, economics, finance, and law. They have offices in New York City and Miami.

Avalanche (AVAX) is a layer 1 smart contract blockchain which has one of the fastest time-to-finality and also has the most validators of any smart contract platform using a proof-of-stake consensus mechanism.

The name originates from a proposal of a proof-of-stake consensus mechanism called Avalanche (AVAX) that allows for scalability without compromising on security.

The platform can scale up to 4,500 transactions per second and its transaction finality is less than 1 second.

Can Shiba Inu (SHIB) Become Top Dog?

Shiba Inu (SHIB) is an ERC-20 token built on the Ethereum (ETH) ecosystem. It was launched in August 2020. 

The ERC-20 token was founded upon the decentralisation concept with the focal point of the project being the community. Unlike other meme coins that are developed on the Binance Smart Chain blockchain, Shiba Inu (SHIB) was created on Ethereum due to its efficiency and decentralisation. 

Shiba Inu (SHIB) rose drastically to briefly surpass Dogecoin in 2021 becoming the largest meme coin by market cap. Known as the “Dogecoin Killer”, SHIB has over one million users. It has become a household name and gained large popularity on social media.

Users can yield APY from the liquidity provided on ShibaSwap in a similar way to other decentralised finance protocols. 

Users do not only need to stake or farm Shiba Inu (SHIB) based tokens, they can also place alternative assets down such as ETH-LINK. ShibaSwap is a platform on the SHIB ecosystem growing in popularity and usability.

Time to invest?

All 3 tokens have the potential to rise significantly due to the current market decisions. It is important to factor in the current market trends and with decentralisation on the tip of everybody’s tongue, it may be beneficial in the long run to take a chance on at least one of these projects. 

However, this is no financial advice- you should strongly consider your own research before any financial decision.

For more information on CashFi:

Presale: https://enter.cashfi.finance/register

Website: https://cashfi.finance/