Have you heard of Planet Finance and its fancy Planet Apps? In this article, we are going to give you an in-depth overview of Planet Finance. In a flat market, every investor and organization in the world wants to make money. Lending and liquidity are two great ways to do this. The Blue Planet on Planet Finance is the ideal place for stable coins.
Individuals and companies can plan financially by making steady profits in flat markets. But let’s not go so fast. Before we dive deep, let’s break down what Planet Finance is. Let’s begin.
What is Planet Finance?
Planet Finance was founded in 2021 and is the brainchild of an anonymous team of blockchain experts from four different countries. In order to achieve the goal of uniting all major aspects and perspectives of decentralized financing in one place.
As a financial protocol, Planet Finance consists of several planets, each with their own app, which allows everyone to activate their capital and get it up and running. The best DeFi apps in one place, with great returns, low risk, that’s what Planet Finance is all about.
Planet Finance is operated by Binance Smart Chain and is an interstellar financial environment controlled by AQUA. At the height of high returns and low risk, Planet Finance brings together the largest DeFi applications in one place. As a stable coin yield aggregator on Binance Smart Chain, The Blue Planet aims to be best in class.
In DeFi, The Red Planet strives to be the largest cryptocurrency aggregator. Coming soon will be a real-time lending and borrowing platform called The Green Planet. For those of you who don’t know what an earnings aggregator is, here’s a breakdown.
Yield aggregator in brief
Manually searching for returns on each platform can be time consuming as returns can vary widely between platforms. Functionalities to automate this process are introduced in new protocols. Leverage DeFi platforms and their revenues to optimize profit for a user with yield actuators. In addition, yield aggregators make it easy for users to find great deals by streamlining the process.
As well as moving funds with the highest return on investment across DeFi platforms, aggregators are figuring out how to maximize profits while keeping the Ethereum network’s gas costs down. When it comes to risk management, the perfect return aggregator provides investors with a detailed risk management plan based on their selected personal risk tolerance profile. Planet Finance does not disappoint in this regard. In addition to finding the best return methods, return aggregators can also help investors avoid tedious work by finding the safest ones.
The AQUA token
The token distribution in AQUA is the fairest of all projects. Neither team tokens nor pre-sale will be available. You can make $ AQUA by investing your money in safes and pools on Planet Finance. An early start offers clear advantages. For starters, there will be a weekly distribution of $ 500 AQUA for 200 days. Each block contains $ 0.01736 AQUA, which is equal to $ 0.01732. (Every 3 seconds). Isn’t that amazing? But what happens after 200 days? Let us guide you.
The amount of $ AQUA burned each day depends on a variety of factors. A portion of the protocol fees from a variety of functions will be distributed to $ AQUA owners. No more $ AQUA is created. Most “assets” go up, so the price of a single unit of $ AQUA will be quite rare.
The AQUA token was specially developed for:
- Use this option to receive fees from the log on Planet Finance.
- For buying NFTs on the platform.
- They are used to vote on governance issues that will affect the development and improvement of Planet Finance over time
Unlike most major cryptocurrencies, AQUA cannot be bought directly using fiat currency, even though it is listed on several crypto exchanges that trade AQUA.
There will only ever be 100,000 AQUAs in the whole world. Planet Finance has different apps called Planets. On each planet, a percentage of the profit is used to burn AQUA. When it comes to generating value for all token holders, token burning is the most effective method. This increases the share of each AQUA owner in the overall offer. When all fiat currencies are expanding at significant rates and most cryptocurrencies are available indefinitely, something else was required.
Planet Finance apps
This is the best stable coin aggregator with the best auto composite returns in DeFi. For example, if you put your BUSD in a safe on the Blue Planet, interest will be sparked immediately. To make things even easier, Planet Finance’s protocol converts your return to BUSD and automatically adjusts the compounding for you. You also get AQUA.
There is a good chance that more cryptocurrencies will be introduced on Blue Planet in the future. High quality cryptocurrencies under secure smart contracts are the ultimate goal of this project. ”The community can vote on whether or not to add additional cryptos.
Cryptocurrencies such as AQUA, BNB, BUSD, USDT, USDC, DAI and VAI are currently supported on Blue Planet.
The Red Planet offers the greatest auto-compounding returns on the best cryptocurrencies in DeFi, including Bitcoin and Ethereum. Cryptocurrencies that will power the world’s infrastructure in the future are a remarkable thing to have in your possession. Investing in cryptocurrency and generating significant returns is a completely different game.
For example, if you put your Bitcoin (BTCB) in a vault on Red Planet you will immediately see a return on your investment. Profits are then converted into Bitcoin and compounded automatically via Planet Finance’s protocols. You also deserve AQUA.
We should expect to see even more cryptocurrencies on the Red Planet. High quality cryptocurrencies under secure smart contracts are the ultimate goal of this project. ”The community can vote on whether or not to add additional cryptos. Currently, cryptocurrencies such as AQUA, BNB, BTCB, CAKE, ETH, LINK, SXP and XVS are supported on Blue Planet.
Green planet (soon)
On the green planet, you can use your crypto forever. In the meantime, your crypto will be loaned by borrowers at a fixed rate. In return for the use of your funds, you as the lender will receive this interest directly. To reduce risk and increase leverage, more experienced DeFi users turn to loans.
For borrowers, rolling interest is a game changer. Lenders have traditionally been paid out on a regular basis, such as monthly or quarterly. Not much happens in a day. When you lend your money with Planet Finance, you are paid out in real time.
Your reserve balance grows when you borrow your money from the Green Planet. What you have here is your safety. In order to borrow bitcoin, you must have collateral from Green Planet. As you release your collateral, the amount that you have purchased and that you need to return will gradually increase with the current APY you pay for borrowing the cash. For more information, visit the official media release
As for the returns on auto-composite shitcoins, Uranus is the best bet in DeFi. On Uranus you can find people persistently looking for a new 100x crypto.
PancakeSwap imports all of the pools listed below directly into Uranus. You will receive eligible AQUA in the form of CAKES obtained from these pools. Thanks to the multipliers applied in each case, you can expect a large increase in your income from these new vaults on Uranus.
Planet Finance presents a whole new strategy with the introduction of Uranus. The overall result now has two buttons. AQUA earned in two methods makes up the total return. As a result of the token distribution, “Collect” (blue button) claims the earned AQUA. “Claim Boost” (green button) converts all earned CAKE into AQUA, which is then paid out to you in real time.
Pink Planet is an upcoming planet app coming to Planet Finance soon. The app provides users with a unique marketplace for creating, buying, and selling digital assets known as NFTs. For those of you who don’t know what NFTs are? Here is a quick guide.
“Non-fungible tokens” is what NFT stands for. “An NFT” refers to data that has been stored or recorded on a digital ledger system, and that data reflects something special. Such a file can be anything from a work of art to a music album to various types of digital data. The possibilities are endless! Isn’t that all?
Convert LP – the breakthrough in Planet Finance
If you have liquidity pool tokens, you can use Convert LP to convert them to a single token with just one click. Adding and subtracting liquidity from vaults is now easier for the user.
Planet Finance is the first blockchain and DeFi project to offer this functionality! For DeFi’s wide acceptance, this is both historic and a big step forward.
Final verdict – owning the infrastructure of the future
Smart contracts on blockchains that use tokens are changing the global economic landscape today. It is possible to keep part of the log with the cryptocurrencies that “win”. That has serious consequences. Planet Finance could be another game changer in the future of the crypto industry. The variety of features it offers is sure to attract a lot of users.
Let us know what your experience with Planet Finance was like. Have you tried the yield aggregator yet? We’d love to hear your thoughts on this. Get involved and become part of this great community.