Wrapped Bitcoin (WBTC), THORChain (RUNE), and Swinging Protocol (SSW)

Top DeFi coins to watch in 2022: Bitcoin (WBTC), THORChain (RUNE), and Seesaw Protocol (SSW)

DeFi coins are set for cryptocurrency investors to take profits with encapsulated Bitcoin, THORChain, etc.

Decentralized finance (DeFi) has grown exponentially over the past year. In addition, 2021 was a watershed year for many DeFi cryptocurrencies, including encapsulated Bitcoin (WBTC) and THORChain (RUNE), which reached all-time highs in 2021.

The total value of DeFi Pulse held in DeFi protocols is over $75 billion — a 6.5 times increase from about $10 billion in January 2021. This is the current value of all deposits made in cryptocurrency for purposes such as lending and pooling liquidity.

Interestingly, a newcomer to the DeFi arena called the Seesaw Protocol (SSW) appears set to disrupt the industry.

This article discusses all three leading DeFi coins and why you should include them in your wallet.

Bitcoin Coin (WBTC): Merging Bitcoin and DeFi?

Encapsulated Bitcoin (WBTC) is an Ethereum (ETH)-based ERC-20 token that serves as an alternative to Bitcoin (BTC). WBTC’s connection to Ethereum wallets, dApps, and smart contracts is a huge advantage.

One Bitcoin can be exchanged for one Bitcoin wrapped through a WBTC partner, and vice versa. WBTC was developed to enable Bitcoin holders to participate in the popular DeFi applications of Ethereum.

Interoperability allows cryptocurrency holders to participate more actively in decentralized applications, enhancing the liquidity of smart contract platforms.

According to CoinMarketCap, WBTC is currently trading at $39,600 and has returned an investment of 1,033% since its inception to early adopters, making it a fast-growing DeFi coin.

THORChain (RUNE): Best DeFi Coin Worth Watching?

The THORChain (RUNE) project was launched in 2018 because the practice of transferring cryptocurrency across multiple blockchains through centralized exchanges was not sustainable.

As a result, the THORChain team has created an independent blockchain capable of interfacing with other networks and facilitating cross-chain transactions while also serving as a decentralized exchange (DEX).

DeFi coins

THORChain is a standalone blockchain developed using the Cosmos SDK that facilitates cross-chain decentralized trading. It works on the Automated Market Maker (AMM) model, where the RUNE token acts as the base swap pair.

RUNE is currently trading at $8.38 according to CoinMarketCap and has yielded a return on investment of 26,098% for early adopters, making it one of the fastest growing DeFi cryptocurrencies available.

Protocol Swing (SSW): The New Leader for DeFi Land?

One would assume that debuting during a cryptocurrency sale would be a near-fatal for a new coin aiming to build a name for itself in the market, but then again, you may be unfamiliar with the Seesaw (SSW) protocol.

The SSW was launched in early April after a record pre-sale that saw the token increase over 6000% from $0.005 during the pre-sale to $0.306 at the time of writing.

The Seesaw Protocol is a decentralized, non-security ecosystem of DeFi products, services, and use cases that span many blockchains. Additionally, its applications extend to the metaverse and NFTs.

The swing token will be distributed on the Polygon (MATIC) chain, Ethereum and BNB.

Seesaw will offer a comprehensive set of features for users interested in managing crypto assets on one of the most prominent blockchains, using peer-to-peer exchanges in a decentralized and open manner.

Furthermore, the Seesaw protocol will host an NFT vault and a DeFi swap for users interested in deploying NFTs or exchanging tokens on the platform.

Swinging protocol contributes to education in developing countries

The Seesaw Protocol will contribute about 1% of its marketing spending to the Education Fund, which will finance educational institutions around the world, particularly in underdeveloped countries, to pay for the resources needed to deliver the required education.

DeFi coins

Additionally, when Seesaw is traded, a portion of the buying and selling fees will be contributed to the Education Pool, ensuring a continuous flow of Swing Tokens into the Education Pool.

In addition, Seesaw token holders will be rewarded for charitable donation of their tokens to the Education Bowl.

For users interested in building NFTs or trading NFT tokens on the platform, the Seesaw protocol will also host an NFT vault and DeFi swap.

Should you invest in a swing protocol (SSW)?

SSW is now in its infancy and is likely to evolve into a profitable protocol that will reward early investors nicely. It has already returned 60x to its early pre-sale investors.

SSW tokens are now available for purchase on PancakeSwap (CAKE), one of the largest cryptocurrency exchanges in the world, and on the project’s SeesawSwap on the project’s official website. Bulls push SSW to the moon; Will you join the league?

Contact

To buy SSW tokens: https://swap.seesawprotocol.io/

website: https://seesawprotocol.io/

cable: https://t.me/SEESAWPROTOCOL

Twitter: https://twitter.com/SEESAWPROTOCOL

Instagram: https://www.instagram.com/seesaw.protocol

Disclaimer: The information published in the article is for educational purposes only. By using this, you agree that the information does not constitute any investment or financial advice. Do your research and communicate with financial advisors before making any investment decisions.

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