The cryptocurrency world is undoubtedly a very popular topic on the internet today. You have to live in a cave to not have heard of Bitcoin. Blockchain is a commonly mentioned word every 2 seconds on the internet. You don't have to be a rocket scientist or Satoshi Nakamoto to find your way around this incredible technology. Ten years after cryptocurrency and blockchain, DeFi (Decentralized Finance) emerged and took the blockchain to a whole new level.

Most investors agree that their traditional financial systems and services are fully centralized. This facilitates centralization, mismanagement, lack of transparency, and corruption. In order to reduce these disadvantages mentioned above in current financial systems, authority needs to be freed from central bodies and given to decentralized ones.

DeFi is an ongoing work with many gray areas waiting to be discovered. The majority of crypto users have not yet fully understood the entire DeFi concept.

What is DeFi?

DeFi (decentralized finance) is a set of financial products that are not controlled by anyone. In its current form, DeFi is a term applied to protocols that create money markets on the blockchain. Its decentralization provides interoperability, transparency and flexibility. Some DeFi Applications include: 

1-) DEX (decentralized exchange) are autonomous and non-custodial platforms to exchange various cryptocurrencies. Using DEX does not require registration, identification, verification and withdrawal fees. It only requires you to connect a wallet and interact with the smart contract.

2-) Another application of DeFi is the Decentralized money market (DMM). These are services that automatically connect borrowers with lenders, enforce the terms of the loan and distribute interest.

Compound, Aave, Yearn Finance, etc. Many DeFi protocols such as, have created a frictionless economy where borrowers and lenders can fulfill financial tasks without any trouble. DeFi identifies everyone's name, ID, address, closest relatives, etc. made it possible to access loans without having to report DeFi has also made it possible for individuals and various institutions to profit from digital assets by simply providing liquidity. 

Let me introduce you to "Smarts Finance", which started a revolution in the DeFi space, in addition to the already existing DeFi protocols.

What are smarts?

Smarts is an innovative DeFi platform that proposes the use of blockchain technology to provide an autonomous and flexible money market on the ethereum blockchain. DeFi options as in Smarts; uniquely provides these services with flexible contract offers through the Smarts Lending Protocol. 

Sustainable  : the token model, distribution, and progress payment program includes logical techniques that ensure good sustainability of the system. The technological framework is also built on the Ethereum blockchain, proven by a wide variety of applications.

Adaptable: The platform has the ability to support multiple tokens, which can be integrated into the staking protocol.

Community-centric: If blockchain is to challenge traditional finance, it must create a system that doesn't belong to anyone Therefore, SMAT holders determine all platform integrations and aspects.

Inexpensive to use: Helps minimize transaction costs with the help of liquidity pooling functionality.

Why Smarts?

Smarts is a multipurpose money market; This is an organized foreign exchange market where participants can lend and borrow short-term, high-quality loans with an average maturity of one year or less.

There is also an extraordinary regulation that allows SMAT token holders to mine liquidity along with other DeFi products such as lending, borrowing and staking.

SMAT Token:

SMAT is an ERC-20 compliant token to be used as a local token in the Smarts Network. SMAT holders will be able to make changes in the administration of the protocol by submitting and voting, provided they meet the required threshold and other criteria. Also, the protocol will include a staking gateway where users can exchange SMAT tokens and earn staking rewards. The maximum token supply will be 1,000,000 SMAT and the total supply will be 400,000. 

Token Breakdown:

Road Map:

As a result;

The Smarts protocol seeks to bridge the gap between digital asset owners looking for an effective way to earn interest for their digital assets and potential borrowers looking for borrowed assets as a vehicle for further investment. The team of developers has extensive experience in creating and developing DeFi products and in the blockchain space in general. The Smarts contract has been created using the best security practices and the latest standards.

For detailed information about Smarts Finance, you can browse the links below:

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