Collateral Network outperformed PancakeSwap and Aave

As the decentralized finance (DeFi) ecosystem matures, new projects are emerging to challenge established players. Among these, Collateral Network (COLT) is making waves during its presale phase as it has already witnessed a surge of 40% to the current price of $0.014 in stage 2, already outperforming well-known DeFi giants such as Aave (AAVE) and PancakeSwap (CAKE). Let’s look at Collateral Network and why it’s making such an impact.

Collateral Network (COLT)

Picture a world where securing a loan is as simple as placing an online order for food. This is the aim of Collateral Network, a platform that harnesses the capabilities of blockchain and NFT technology to revolutionize the multi-billion dollar lending industry.

Collateral Network is an always-open digital lending hub, providing immediate access to funding. Borrowers only need a valuable physical asset, such as jewelry or fine artwork, to guarantee their loan.

The innovation lies in Collateral Network’s ability to convert this collateral into asset-backed NFTs. Collateral Network (COLT) receives the physical asset, values it, and stores it in its vault for the loan duration. Then, it mints an NFT that represents the physical asset and fractionalizes it. This process divides the loan collateral into smaller NFT segments, allowing multiple lenders to contribute and earn a weekly income at a fixed interest rate for lending. This unique lending protocol reduces lenders risk and enhances borrowers liquidity.

To fully benefit from the platform, users should acquire the platform’s native COLT tokens. Holding COLT tokens offers additional perks, like reduced trading fees, lower rates for borrowing, and a say in the direction of Collateral Network through voting rights.

The Collateral Network (COLT) presale has already exceeded expectations, with the token rising from $0.01 to $0.014 (40% price increase). The presale enters its next phase; industry analysts already expect COLT to reach $0.35 before being listed on major exchanges.

Aave (AAVE)

Aave is a pioneering decentralized finance (DeFi) protocol that enables users to lend, borrow and earn interest on various digital assets without needing a traditional financial intermediary.

Aave (AAVE) relies on Automated Market Maker (AMM) technology to provide liquidity across the Aave network. This ensures that Aave borrowers can always access funds, and lenders can earn interest on their digital assets.

AAVE is currently priced at $74.29, representing an increase of over 50% since the beginning of 2023. Financial experts anticipate that Aave may be on the cusp of another significant surge, potentially reaching the upcoming resistance level of $120 before the end of Q3 2023.

However, Aave (AAVE) is still 87% down from the all-time high of $613.54, which was hit in May 2021. This means that many AAVE holders are still underwater. Analysts suggest that Aave must break through the $120 resistance level to recover its previous glory.

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PancakeSwap (CAKE)

PancakeSwap is a decentralized finance (DeFi) platform that enables users to trade, borrow, and stake digital assets in an automated and secure manner. The PancakeSwap (CAKE) main offering is its in-house PancakeSwap exchange, which offers one-click trading and automated liquidity provision.

PancakeSwap achieved notoriety in 2021 when its native token, CAKE, surged more than 10,000% to reach a high of $44.18 in May 2021. After the meteoric rise, PancakeSwap slowly drifted down and currently sits at just $3.45.

Analysts suggest that PancakeSwap (CAKE) must break through the $5 resistance level to regain its previous momentum. It will take a major catalyst to pull PancakeSwap out of its current low. Many experts are already recommending Collateral Network (COLT) as a safer alternative in its own bull run.

Find out more about the Collateral Network presale here:-

Website: https://www.collateralnetwork.io/

Presale: https://app.collateralnetwork.io/register 

Telegram: https://t.me/collateralnwk

Twitter: https://twitter.com/Collateralnwk