Die Cryptoindustrie, insbesondere die Märkte für dezentrale Finanzen (DeFi) und nicht fungible Token (NFT), verzeichneten im vergangenen Jahr ein explosionsartiges Wachstum, und mehr Mainstream-Nutzer suchen eifrig nach einem Beitritt.
Unfortunately, the concept of DeFi and crypto in general is still complicated for many new users due to the lack of beginner-friendly tools and the onboarding process.
However, Clover Finance intends to change that narrative by effectively bridging the gap between new crypto users and crypto natives.
This is what awaits you in this article
What is Clover Finance?
Clover Finance is a substrate-based DeFi service platform built on the Polkadot–Blockchain and offers a user-friendly and comprehensive blockchain infrastructure from a single source Ethereum Virtual Machine (EVM) compatible framework for other substrate-based applications.
Clover aims to provide an intuitive blockchain infrastructure to lower the threshold and cost for developers while providing them with great returns and bridging the compatibility gap in building and operating across blockchains.
The network offers a cross-chain DeFi bridge with comprehensive service and offers an efficient portal for everyone, both experts and beginners, in the DeFi area.
Clover plans to make DeFi easier to use for developers and regular users alike as more and more developers seek to facilitate the adoption of mainstream crypto and DeFi to make way for a whole new audience made up of billions of people who do not use the new decentralized economy.
Clover Finance is an open project where the direction of the network is determined jointly by the entire community. The network is trustworthy as there is no centralized governance unit.
In addition, the introduction of the Substrate Framework and the PolkadotParachainTechnology adds an extra layer of security and transaction speed to the Clover Network.
Although Clover Finance is still relatively new to the blockchain space, it has made a name for itself in the crypto space as the foundation for cross-chain compatibility, with its founding in May 2020 and launch on the mainnet in June 2021.
Features of Clover Finance
Clover Finance was created to offer users more than a single service. It was developed as a blockchain operating system that includes a storage layer, a smart contract layer, a DeFi protocol layer, and a dApp layer.
This layer supports the distributed storage of decentralized application data (dApp).
This layer helps with the cross-chain provision of dApps. The Clover Finance system also offers a Web3 compatible API, which enables existing web3-dApps to be migrated to Clover without changes.
This layer supports various basic defibrillators and also provides a platform for developers to create their own defibrillator logs. With Clover, developers can easily build and use DeFi, in addition to several other decentralized applications (dApps) that work across multiple blockchain networks. Clover also offers an easy-to-use drag-drop compiler for smart contracts.
- The external application layer (eApp)
This layer supports the development from dApp to eApp. It enables developers to easily build and deploy their eApps on Clover without the need for machines, domain names, or network bandwidth.
Benefits of Clover Finance
Some of the benefits of Clover are:
- Ethereum compatibility with virtual machines (EVM)
- No gas fees for end users
Clover enables its smart relays to act on behalf of the sender to cover gas charges in the base currency while receiving compensation in the denominated asset. The transaction fees are deducted from the assets made.
Clover incentivizes developers on its platform by automatically sharing a percentage of the transaction fees with them, promoting a vibrant developer community.
- Identity-based fee schedule
Clover Finance also uses a gas calculation method, the identity-based gas charge table, which allows users to get discounts based on how often they use the network.
Therefore, frequent users will pay a lower gas fee, while less frequent users will pay a higher gas fee over time.
- Optimized cross-chain experience
With the Clover app and the Wallet Users can interact with multiple cross-chain dApps without having to switch between Polkadot-based and Ethereum-based networks. You can send, receive, package and unpack crypto assets across chains.
The clover purses
Clover Finance wallets can be accessed in three different ways.
Users can access their Clover wallets through a web browser. It offers features such as social account logins, private keys and passwords, interactive support for multi-chain apps for EVM networks, and more.
The Clover Wallet is available for download on both Android and iOS devices. The mobile wallet offers multi-chain, cross-chain and multi-asset access, internal swap, NFT support and dApp marketplace.
Clover also offers an expansion wallet that provides users with multi-chain interactive dApp support for EVM networks, including DOT /KSM and Solana, internal swap, NFT support, cross-chain and multi-assets.
The CLV token
CLV is the native utility token of the Clover Finance ecosystem. It has a bid cap of 1 billion tokens with an offer currently in circulation of 210 million CLV.
CLV Token is a multi-use asset in the Clover Finance ecosystem, and some of its use cases are:
- It is used to settle transaction fees on the platform. However, users can also choose to pay with other network tokens.
- It acts as a governance token to enable community voting on system upgrades. Users lock their CVL to vote.
- It can be used as a stake to power nodes on the Clover platform.
- Network participants can use it to provide their smart contracts and dApps on the platform.
Source: Crypto News Deutsch