The underworld of decentralized finance, or more popularly known as ‘DeFi,' is heating up more than ever in its young history, breaking new milestones by the second. With every passing day, more mainstream audiences and consumers are seeing the gross inequality, opaqueness, and elitism displayed by the world's monolithic financial system. But as we'll learn more today in our Value DeFi review, the traditional model of the world is due for much-needed change.
The goals of Value DeFi align quite well with the rest of the decentralized financial system. Simply put, Value DeFi – as the name suggests – wants to bring better value to its would-be users, with an easily accessible, convenient, time-saving, cost-efficient, and transparent gateway into the services that Wall Street would often offer. Value DeFi's platform provides everything from a decentralized exchange, yield farming, and all the way to creating synthetic tokens.
Suffice to say, Value DeFi is an all-in-one solution born to bring innovation and greater accessibility to the world of decentralized finance. As DeFi itself is slowly and steadily making its way onto the masses, Value DeFi's simplicity and easy on-ramp solutions may very well help to catalyze the popularity and adoption of blockchain-powered decentralized finance even more. So, read along our Value DeFi review to learn more about why we're ecstatic for their future.
What is Value DeFi?
The Value DeFi protocol was founded in late 2020 as an all-in-one solution to cater to a variety of different decentralized finance solutions. Originally, Value DeFi launched in August 2020 on the Ethereum blockchain but later migrated to the newer Binance Smart Chain (BSC) blockchain network in late February 2021. The latter decentralized network was built by Binance and is powered by their native Binance Coin (BNB) tokens.
Binance's smart-contracts capable BSC is designed to be a more scalable and high-throughput alternative to Ethereum. As the Binance Smart Chain has grown rapidly in terms of adoption lately, Value DeFi has also seen a new resurgence of growth. Value DeFi's visions are to help bring greater accessibility to services such as yield farming while rewarding its users handsomely with its versatile, well-optimized, and highly profitable investment pools.
More than that, Value DeFi promises to retain maximal decentralization with community-based on-chain governance while also ensuring the security of its users through a built-in insurance treasury. Value DeFi is among the newer decentralized finance protocols to have been launched recently but has since seen strong growth. As of writing this Value DeFi review, their platform has seen more than $280-million in total value locked (TVL) within its network.
What Kind of Services Does Value DeFi Offer?
So far in our Value DeFi review, we've been able to learn that Value DeFi aims to bring a one-stop-shop within the global decentralized finance ecosystem. But what exactly do they offer, and are they completely legitimate? Are they secure and safe to use? Equally as important – are they any good compared to those services offered by other DeFi platforms? There are, after all, a bountiful amount of other platforms out there.
Well, today, we're going to take a closer look and compile an overview of the services that are being offered on Value DeFi's platform. Through this, we can study a bit closer on what specialties it has compared to its rivals.
1. vSwap Decentralized Exchange
The first major offering within Value DeFi's ecosystem is its vSwap decentralized exchange. One interesting trait about Value DeFi's implementation is that their decentralized exchange utilizes an automated market maker, or known more readily as an AMM. This is different from most other exchanges that use an order-book style trading system. Using an AMM, users won't be trading against other users and having to match their pricing for exchanging cryptocurrencies.
Instead, users will be trading against liquidity pools created on Value DeFi's vSwap exchange, where users would pool together certain cryptocurrencies and trading pairs. This way, users can theoretically trade with fairer pricing and lesser volatility, especially for less liquid assets. Alternatively, users can also earn additional rewards by becoming liquidity pool providers and earn a portion of the trading fees for helping to provide liquidity with their tokens.
Using Value DeFi's vSwap, you're able to monetize using otherwise idle funds in your wallet and help other users exchange more equitably on its AMM decentralized exchange. One particularly unique feature with Value DeFi's vSwap decentralized exchange (DEX) is the implementation of a ‘smart routing' feature to further ensure minimal price slippage and impact on market volatility, thus being able to offer the best-aggregated prices for Value DeFi's traders.
Using vSwap's smart routing will enable Value DeFi to “borrow” liquidity from other decentralized exchanges, such as Uniswap, SushiSwap, and PancakeSwap, to offer the best pricing. Value DeFi's vSwap also included another unique functionality known as ‘vPegSwap.' This is a Solidity-based implementation of Curve Finance's StableSwap and allows for users on Value DeFi to trade against tightly pegged assets such as stablecoins, with minimal slippage.
2. vSafe Yield Aggregators
Next up in our Value DeFi review, we'll also take a closer look at their vSafe solution, designed to help its users easily invest their assets through Value DeFi and earn high returns. The vSafe service is a high-tech yield aggregator and one that offers a myriad of unique investment strategies programmed. Think of this as an alternative to earning from your bank by depositing your money into a fixed deposit account.
However, compared to the measly earnings offered by your bank, you can earn upwards of 17,000% using your cryptocurrency holdings on Value DeFi. Even their smallest annual returns using the included vSafe portfolios are still just under 300% APY at the time of writing this Value DeFi review. This is done in one of two ways. Firstly, Value DeFi aggregates strategies and then makes available to you the best of what they can offer based on their potential returns.
Using Value DeFi's platform, you can then easily deposit a particular strategy or a few of them at once. Secondly, Value DeFi can also rebalance those strategies as needed to optimize their future rewards and has an auto-compounding feature to immediately reinvest your earnings back into the strategy, to then earn even higher returns. Value DeFi's vSafe is touted to be extremely easy to use and without requiring any maintenance or babysitting.
3. Farms-as-a-Service (FaaS), and vFarm
Now, we can get into discussing another unique offering by Value DeFi, with its special Farms-as-a-Service, or FaaS solution baked straight into the core functions of their platform. This, once again, goes in line with Value DeFi's goals of ensuring greater accessibility for decentralized financial services and lowering the threshold for creators to make their own blockchain projects. Using FaaS, new projects can have a running start using Value DeFi.
Value DeFi's Faas ensures that new projects can list their tokens to farm for much-needed liquidity easily, but without having to deal with having to manually list their assets or having to pay for excessive gas fees in doing so. Value DeFi deploys specialized FaaS smart contracts in making sure to better safeguard these new projects security-wise in closing out any backdoors and maintaining its easy and equitable farming for these young protocols.
New projects can have their assets listed on Value DeFi for its Farms-as-a-Service function freely and permission-less. Added benefits include being able to have greater exposure for their projects within the Value DeFi community, creating new collaborative partnerships, the introduction of a fairer distribution model for their tokens, easy on-ramp for more protocols to enter the DeFi space, improved token liquidity, and greater engagement with their audiences.
Meanwhile, users within Value DeFi's ecosystem can then earn massive yields by taking part in farming pools through its vFarm service. Here, anyone can provide the liquidity to create their own yield farming pools and have that be voted on by Value DeFi's community governance. As of writing this Value DeFi review, there are 14 vFarm pools made available and verified by the community, with the most lucrative being a vBSWAP/BNB pool offering more than 2,000% APR.
The on-chain community governance of the Value DeFi ecosystem is managed through vGovernance. Here, community members can vote on matters such as oncoming protocol upgrades or day-to-day management like approving which projects can have their tokens be listed on Value DeFi using its Farm-as-a-Service (FaaS) offering, and more. Meanwhile, you can also choose to stake your tokens here and be able to earn passive rewards.
Staking is done using Value DeFi's VALUE cryptocurrency tokens. Value DeFi provides multiple different sources of revenue streams for its users to take advantage of and to earn high returns from their cryptocurrency holdings. One such example is its Value Vaults, where you can quickly and safely earn passive income from a selection of “vaults.” Furthermore, Value DeFi is generous to its users, with hefty profit-sharing schemes for those that stake in its governance.
Staking VALUE can yield upwards of 17% through Value DeFi's network on Ethereum. The large staking rewards are compiled from fees collected through Value DeFi's many services, such as vSafe and vSwap. Once the users have earned their staking rewards, it will then be auto-compounded back into vGovernance, or users can instead choose to ‘bridge' them into gvVALUE tokens to the Binance Smart Chain (from Ethereum), for greater rewards – 600% APY and up.
What Are Value DeFi's vBSWAP Tokens?
As we mentioned earlier in our Value DeFi review, their platform has seen more than $280-million worth of total value locked (TVL) within its protocol. Interestingly, while Value DeFi has expanded its services into the newer Binance Smart Chain (BSC), they have retained some foothold on Ethereum. Of that $280-million TVL at the time of writing this Value DeFi review, nearly $240-million are locked on BSC, while the other $40-million are kept on Ethereum.
Earlier on, we also learned that one of the most compelling aspects of Value DeFi's platform is its highly lucrative yield farming services. As such, Value DeFi created the native vBSWAP cryptocurrency token to better monetize on the Binance Smart Chain. vBSWAP is a new deflationary token launched for the Value DeFi ecosystem and can be used in a number of ways, such as trading on its vSwap decentralized AMM exchange, yield farming, or staking.
At the time of writing this Value DeFi review, one vBSWAP token is worth $7,324.86. The total supply of Value DeFi's vBSWAP tokens are capped at a fairly low limit of just 100,000 vBSWAP and will be farmed slowly over two years. Add to that, the value of vBSWAP will increase even further over time thanks to a built-in emissions program to make its issuance even harder and slower, while a buyback program will burn vBSWAP tokens to increase its scarcity.
The emissions of vBSWAP tokens' farming will be reduced by 10% every four weeks. Meanwhile, 100% of the profit collected through trading fees from vSafe, vSwap, and vPegSwap will be used to fund the aforementioned buyback program. Currently, there are only 2,844.94 vBSWAP tokens in circulation, worth around $20,576,936.56. While writing this Value DeFi review, they have already burned 11.22 vBSWAP tokens, being worth approximately $157,897.54.
What Are Value DeFi's Future Roadmap Updates?
Value DeFi is among the younger decentralized finance protocols, and its relative inexperience has seen it suffer from a few setbacks. The most catastrophic one to date was a flash loan attack made against Value DeFi in early-November 2020. A complex exploit was manifested from its MultiStables vault. In the end, the flash loan attack cost Value DeFi around $6-million. Thankfully, however, they have made some improvements lately.
One such change made to prevent similar flash loan attacks in the future is through a partnership between Value DeFi and Chainlink. Now, Value DeFi will integrate all its price feeds and statistics with Chainlink's vast network of oracles to ensure accurate, robust, and tamper-resistant data to be used by Value DeFi's services. Using Chainlink's highly secure, transparent, and highly accurate pricing data should also bring more optimizations for Value DeFi.
Value DeFi has also been fairly open about its future roadmap upgrades and what's to come in 2021. As of February 2021, Value DeFi has been working to implement further consolidation on its platform. There has been a “soft” rebranding for its services and thus ensuring better continuity and product separation. We also saw the introduction of the aforementioned vBSWAP cryptocurrency tokens from earlier on in our Value DeFi review.
This includes the inclusion of new pools and improved cross-chain compatibility. The latter is continually being worked on by the Value DeFi team. More recently, they launched vTokens, as a new asset class that can share, trade, and transfer value across different blockchains. While writing this Value DeFi review, three are made available – vUSD, vBTC, and vDOT. One example would be using vDOT as a way for Polkadot holders to store or trade their tokens on Ethereum.
This will make Value DeFi a much more attractive platform for those seeking cross-chain support and interoperability. Users could then exchange Bitcoin (BTC), Polkadot (DOT), and the various types of Ethereum ERC-20 standard tokens on each other's blockchains or elsewhere. The next major roadmap update that remains to be a work in progress would be the integration of Value Lending as a lending service powered by vTokens and Chainlink.
Value DeFi Review – Conclusion
We've now reached the end of our Value DeFi review, and it would be a good time to finalize a proper summary for this young and ambitious project. Suffice to say, the decentralized finance space is still a relatively new phenomenon compared to the centuries-old banking system. There will no doubt be plenty of refinements to be made and rough edges to smoothen out in the years to come.
Within its highly experimental state, it's always exciting to see new projects enter the fray, and Value DeFi is exactly that. Does it achieve its promises in creating an accessible, equitable, profitable, transparent, and communal gateway into the world of decentralized finance? Yes, indeed it does. Although it's only less than a year old, you can already find a relatively large following behind Value DeFi, with a rapidly growing adoption.
There's also an immense amount of utility to be found within Value DeFi's golden landscape too. Everything from a decentralized exchange, yield farming, passive earnings, staking, and more are within Value DeFi's arsenal for you to profit from. Although it's suffered its own misfortunes, Value DeFi has since risen back up and with a strong commitment to the future. Overall, our Value DeFi review shows this is one project you'll want to keep a close eye on.
Value Defi Review
- Ease of Use
- Project Values
- Tokenomics Model
- Long-Term Sustainability
- A large variety of different DeFi services made available from a single platform.
- High return-on-investment (ROI) potential within its many investment products.
- Enables for cross-chain compatibility, and is already co-existing between the Ethereum, and Binance Smart Chain blockchains.
- Farms-as-a-Service (FaaS) solution is a massive feature for up and coming decentralized protocols to launch their tokens for liquidity.
- The community can take an active part in the on-chain governance of Value DeFi, while also earning high rewards from staking.
- A relatively young project, with an as-of-yet certain future, despite committing to a firm roadmap.