Clever DeFi Review: Automatic Interest Paying Project to Watch in Q1 2021
The only change is constant.
Blockchain is a representation of this evolution. The idea of creating “money Legos” in finance atop a decentralized and secure layer free from the middle man seemed unfeasible some years back.
After years of stagnation, there is finally some movement in finance.
What is Clever DeFi?
With the rise of smart contracting–and now DeFi, many projects continue to innovate. Their actions present even more opportunities for investors, who, for a lack of a better word, are hungry, desirous of more.
Dominating the DeFi space is profit and yield. These are incentives, and farmers want to maximize their returns by putting their money in low risk environments with big upside potential for maximum gains, (Risk VS Reward).
Clever Defi has a way of attracting users through its guaranteed, above-rate yields for token holders of its native CLVA token without users needing to stake, farm, lock-in, or do anything except just keeping their tokens in their own wallet.
Clever DeFi is one of the many projects in DeFi democratizing finance. It is an Ethereum-based protocol that distributes automatic interest payments to all CVLA holders every two weeks.
The disbursement is pre-programmed over 888 cycles that will take 34.15 years to complete.
During this time, a maximum of one Trillion CLVA tokens will be released through the Decentralized Dynamic Mechanism (DDM).
It is also enlightening to know that the Clever Protocol has passed a rigorous compliance Audit.
Designed to Outpace Bitcoin
The CLEVER Team says the deployment of CLVA has been designed with the economic fundamentals to outpace Bitcoin over the course of 888 cycles.
In the CLEVER Protocol, up to 11 percent compound interest is paid every fortnight with a guaranteed automatic payment for all CLVA Token holders.
Investors can think of the project as a smart way of storing their wealth with minimal risk.
Instead of the dismally low interest paid out by banks and other traditional instruments, CLEVER plans to step it up for smart investors and pay above rate, attractive yields sustainably over a defined period.
Through CLEVER, there is a means of tapping above-industry rates interest from holding and contributing to the ecosystem.
No CLVA Pre-mines
Different, the CLVA Token is not pre-mined.
Its founder, Bryan Legend, said the team is not allocating tokens to themselves. From the very beginning will be completely decentralized, giving credence to the project.
Taking after Bitcoin, which wasn’t pre-mined like Ethereum or XRP, the team will successfully curb unethical practices where the team, even after the end of the vesting period, dump their share, forcing prices lower.
This level of transparency and resistance to price manipulation gives CLEVER an edge and the base for possibly revolutionizing DeFi yield farming.
To generate revenue, however, the team collects a 0.1 percent fee from interest paid to CLVA holders every two weeks. Fees collected are then allocated to fund marketing activities, research, and general maintenance of the CLEVER ecosystem.
CLVA in Full Control
Additionally, there are no contracts, terms and conditions, or staking.
The team has said no CLVA Token will be locked or be subjected to any contract with binding terms and conditions. With this, it means the holder has full control. As such, they can move their tokens in between any cycles, anytime without restrictions.
Additionally, there are no penalties for holders who decide to liquidate their tokens. It is unlike in staking where not only can stakers be slashed when the token amount falls below the threshold but also tokens must be held within a specified period.
The team ensures yields are sustainable.
First, by not holding any CLVA Token, minting will only be done every cycle. As such, there is an opportunity for holders to benefit from capital gains and compound interest.
CLEVER CLVA Minting Starts Feb 1, 2021
Beginning from February 1, 2021, ETH holders can use their coins to mint CLVA Tokens. Minting will last a strict 30 days only.
The Clever Protocol has designed CLVA minting in such a way that prices will be increasing at a given interval (a bonding curve). This way, early adopters will get the best rates. Investors who come later will buy at a higher rate while the early adopters benefit from capital gains.
After the minting period is over, the interest rate protocol begins. After that, CLVA Token holders will be receiving yields every two weeks for 34.15 years and for long term holders, they will be eligible to compound their interest earnings.
It is projected that early adopters can earn up to 307 percent in APR. Besides, CLVA Token holders can, over 10 years, earn on average 80 percent in annual yield.