August 10, 2022

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The Fellowship of Crypto: Add Mithril Finance (BARS), Uniswap (UNI), and PancakeSwap (CAKE) to Your Watchlist

Bulls have been putting up quite a rally over the past week, with a strong recovery being observed across the global crypto market.

Investors have been hunting down undervalued deals across the board but do not fear, opportunities are still lying out there.

This article covers three projects based on fantastic universes or creatures that should have a spot on your watchlist!

Mithril Finance (BARS)

Mithril Finance (BARS) is an ambitious project planned to launch on March 28th. Despite being still in its developmental stage, Mithril Finance’s whitepaper appears robust and well-thought, setting a bold vision that hints at a strong market debut.

Inspired by the Lord of the Rings’ universe, Mithril Finance named itself after the eponymous fictional metal that possesses legendary strength.

In line with that, Mithril Finance developed a fantastic-themed ecosystem that includes Mines where you can mine mithril ore and other NFTs. You can then use Mithril Finance’s Furnace, where your mined mithril ore can be smelted into mithril bars.

After obtaining mithril bars, you can head to Mithril Finance’s Forge and smith your bars into NFTs, mithril weapons, or Yield-providing DeFi Armors (YDA), generating real-world returns.

The team behind the Mithril Finance project is also planning on offering staking, liquidity pools, and yield farming solutions within its ecosystem in order to increase utility and profitability for its users. Keep an eye on this interesting project!

Uniswap (UNI)

Uniswap (UNI) is a decentralized finance (DeFi) protocol that facilitates the swapping, or exchange, of DeFi tokens that are generally not available on mainstream exchanges such as Binance or Coinbase

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With its unicorn logo and purple-pink signature color, Uniswap was immediately adopted by the crypto community, always eager to receive funny and light-hearted initiatives.

Launched back in 2018, Uniswap has now become one of the most popular protocols in the DeFi space by far. 

Having originally deployed on the Ethereum blockchain, Uniswap recently deployed on Polygon (MATIC) in December 2021. 

Despite the recency of that deployment, volume on Polygon’s Uniswap is growing very fast, rivaling other leading local decentralized exchanges (DEX) such as SushiSwap (SUSHI) or QuickSwap (QUICK).

UNI, Uniswap’s native token, also gives its holders governance perks by granting voting rights regarding Uniswap’s future developments.

Uniswap is a blue chip in the growing DeFi space and its track record proves its ability to deliver. Its explosive deployment on the Polygon blockchain highlighted the strength and loyalty of its user base, which keeps growing at a fast pace.

The steep decline in UNI’s price over the last three months due to the ongoing instability could be an interesting entry point for long-term-oriented investors seeking exposure to the DeFi space!

PancakeSwap (CAKE)

Similarly to Uniswap, PancakeSwap (CAKE) is a DeFi protocol that enables its users to swap DeFi tokens, access liquidity through liquidity pools, and generate returns through liquidity providing and yield farming.

PancakeSwap made headlines notably thanks to the mind-blowing, five-digits-plus returns some of its users have been able to generate through certain liquidity pools and cryptocurrency pairs.

The Fellowship of Crypto: Add Mithril Finance (BARS), Uniswap (UNI), and PancakeSwap (CAKE) to Your Watchlist

Traditions don’t change, PancakeSwap follows in the wake of the growing list of meme-themed projects in the DeFi space. Launched in 2020, PancakeSwap rose to become one of the most popular decentralized exchanges – its friendly-looking pancake logo certainly contributes to forging this compelling identity and strong community. 

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PancakeSwap is based on Binance Smart Chain (BSC) and enables investors to trade and exchange tokens following the Binance blockchain’s BEP-20 standard.

BSC’s low gas fees and high transaction speed led an increasing number of investors to route their trades through its network rather than Ethereum’s, seen as increasingly congested, slow, and expensive. 

As one of BSC’s leading exchanges, PancakeSwap has benefitted from this massive and ongoing influx of new investors since 2021. CAKE’s price is up nearly 21% over the last week, yet remains 80% lower than its peak of April 2021. 

PancakeSwap appears well-positioned to benefit from the strong growth experienced by the DeFi space currently and could be an attractive long-term investment at these levels. 

Presale: https://presale.mithrilfinance.io/

Website: https://mithrilfinance.io/

Telegram: https://t.me/MITHRILFINANCEOFFICIAL

Twitter: https://twitter.com/mithril_finance