Vortex (VTX) Making DeFi Easier for Everyone
Vortex (VTX) decentralized finance solution is built to lower the barrier to entry into the highly lucrative DeFi ecosystem for both newbies and experts alike, while also ensuring optimum security for users’ funds.
Vortex Accelerating Global DeFi Adoption
While the global decentralized finance ecosystem has been attracting serious attention from crypto investors in recent years, with the industry now worth well over $160 billion, a good number of people, especially those new to crypto, still find it a herculean task navigating the DeFi space and enjoying its bountiful benefits.
However, with Vortex, an all-in-one DeFi aggregator and gateway, the current challenges being faced by DeFi newbies, in terms of accessibility and ease of use of decentralized finance protocols, will soon become a thing of the past.
Initially launched in September 2020 by Rahul Singh, a product manager with more than 12 years of experience in the aerospace and retail industries, the Vortex platform is built to enable a seamless, secure, and consolidated access to a vast array of DeFi protocols, including Compound Finance (COMP), Aave (AAVE) and Yearn Finance (YFI), right from the app.
“With the resurgence of DeFi, platforms like Vortex make it easier for everyone to see their options. The fact is, with so many DeFi protocols currently in existence, it’s hard to determine where your funds will be safe, how to find the best annual percentage yield (APY), and sometimes, how to even participate. Vortex simplifies all that!” declared the team.
Singh has brought his years of expertise and technical capabilities from other ecosystems to DeFi, via Vortex and his team’s hard work, has already started yielding the desired results, as evidenced by the hugely successful Vortex initial decentralized offering (IDO) on Duckstarter last February, which brought an immediate 25x return on investment for participants.
The Vortex Roadmap
Vortex reached a significant milestone in its journey towards demystifying DeFi for the masses in July 2021, when its mainnet officially went live on the Ethereum smart contracts blockchain. Now, the team has released the project roadmap for what lies ahead.
As seen in the Vortex roadmap, the team is working hard to launch the V-Yield feature, which will make it possible for users to lend and borrow cryptaossets on Aave v2, yEarn, and Compound. Zapper.fi aggregation will also be achieved.
The second milestone on the Vortex roadmap is the launch of the V-NFT feature, a non-fungible token (NFT), and digital collectibles management system that will be integrated with OpenSea to enable users to buy and sell NFTs in a frictionless way.
Milestone 3 is V-SWAP, a feature that would aggregate Vortex with 1inch exchange and allow users to swap various assets on the Ethereum, Polygon, and Binance Smart Chain. Vortex will also get integrated with Nexus Mutual via V-INSURE.
Lastly, Vortex will launch V-PAY, to bring various fiat-to-crypto (and vice-versa) payment gateways to the Vortex ecosystem.
That’s not all, the Vortex team has made it clear that work is also in progress to make Vortex interoperable with other non-Ethereum blockchains, including Polkadot and Binance Smart Chain.
At press time, Vortex’s VTX token is trading around $0.04, according to CoinMarketCap.