- The Kinect Protocol aims to solve the problems of other existing yield farms,yield aggregators,staking platforms,and farming rewards. - Yield farming often looks very attractive to investors due toextremely large interest rates. - Although,a problem in todays #DeFi ecosystem is that rewards often haveto be paid out by using artificial inflation. - This is a problem but is also necessary for these protocols tofunction,because without inflation,platforms wouldn’t be able to offer enticing interest rates to investors.Although,it gives participants little reason to want to hold the token because it will be losing value as itbecomes more diluted. - Historically yield farming platforms will have great price action at first,as theirlarge interest rates attract new investors and a large amount of capital to the platform. - However,once therate of new users onboarding starts to peak and there is less new capital buying up the tokens that arebeing minted. - It ends up with the price starting to consistently decline as the market gets more and morediluted with freshly minted tokens and sell pressure builds up. - The Kinect Protocol has been developed ina way that solves all of these problems and uses it beneficially..
Summary of the coin Kinect Finance
highest price statistics: 0.51 $USD
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