- Silo acts similar as if Uniswap introduced liquidity pools to thousands of coins.
- Any token asset may have borrowing/lending in Silo’s permissionless marketplaces.
Let us look at the top 3 altcoins with massive potential in April 2022.
Itheum (ITHEUM)
Turn personal data into a highly marketable asset class with Itheum, the world’s first decentralized data trading platform. As a result, personal data may be “bridged” between Web 2 and 3 and traded with a smooth user experience built on decentralized blockchain technology and governance. As a result, personal data may now be made accessible, and with it, a wealth of previously unimaginable real-world use cases can be brought into the web3 ecosystem.
Silo Finance (SILO)
It’s like Uniswap introduced liquidity pools to thousands of coins. Tokens may be used as collateral by users. Security, efficiency, and inclusion are all hallmarks of Silo. A token’s influence is limited to the market in which it is traded, not the protocol. There are only two assets that may be used in any loan market: a bridge token and a unique token. Liquidity is concentrated in a single pool, making this a cost-effective design. Any token asset may have a borrowing/lending market in Silo’s permissionless marketplaces.
Astar ASTR
Ethereum, WebAssembly, and layer 2 solutions such as ZK Rollups are supported by Astar Network’s dApp hub on Polkadot. Multi-chain smart contract platform Astar intends to enable many blockchains and virtual computers in a single environment. However, smart contracts are not supported by the Polkadot Relay Chain. Because of this, the Polkadot ecosystem needs a parachain that makes this possible for all developers. EVM and WASM smart contracts may co-exist and interact with one other in a parachain supported by Astar, which provides the optimum alternative for all developers.
