Amara Finance — DeFi 3.0?
— — by Crypto Assured Gold Standard
Amara Finance — DeFi 3.0?
Before we delve on investing in IDO Amara, DYOR(Do Your Own Research) and get an independent review.
Beauty of Amara Finance
Amara is a multi-chain assets lending protocol within the Polkadot ecosystem, focusing on open, privacy preserved, multi-chain lending markets.
Amara seamlessly connects mainstream digital assets and top rated long tail assets that improves overall liquidity and expand the DeFi horizon.
To achieve these goals, one of thetop priorities would be building the bridge based on TEE ( trusted execution environment ) trusted computing. Eventually, AMARA wants to become the hub of lending and exchange in the crypto world.
Pros:
· Strong Backing from Venture Capitalist.
Amara Finance completed a million dollar seed round funding. This round financing was announced to be completed this April, 2021 the investors include dozens of advanced institutions such as Digital Renaissance Foundation DFG, Chain Capital, PreAngel, Dragon Roar, Waterdrip Capital, BTX Capital, AngelONE etc.
· Strong Communities and Ambassadors
Amara has established more than 11 established communities all over the world and have at least 300 Ambassadors working closely with Amara team. Amara has more than 100,000 global communities members from 80+ countries and regions which have made more than 1 million on chain transactions from more than 40,000 testnet participants.
· Award Winning Product
AmaraLink won 2 awards from Shanghai Wanxiang Blockchain Hackathon in 2021
· 3 core products are available which are still under beta testing, namely AmaraLend, AmaraLink and AmaraPay.
· Amaralend is a multichain Lending protocol, AmaraLink is multisig cross chain protocol to bridge between Ethereum, BSC, Polygon, Moonriver and Solana. AmaraPay is global aggregated payment gateway protocol integrating Visa and MasterCard to buy crypto assets.
· $MARA Token is still not launched yet. But their tokenomic have been identified with 10% allocated for team and advisors, 10% for ecosystem, 10% for treasury and 19.9% for token sales. s0.1% is used for rewarding early supporters. 4% is used for marketing and 1% for liquidity. 45% is for mining reward. Maximum supply is about 150 million.
· The milestones of the project are implemented according to their timelines with expected launch of 3 products by end of Q1 2022.
· Amara regularly provides updates on their technology development and ecological operations through Medium, Telegram, Twitter and Discord.
· Amara has so far organized first online meeting with Vietnamese, Indian and Russian and Ukrainian Community. Amara granted the official ambassadors with Amara Ambassador certificate for their superb contributions.
· Amara used Assure for KYC Identity Verification which has been approved in order to build community trust and confidence in the project leadership.
Cons:
· The tokenomics have been identified but the details of IDO such as issue price and vesting schedule have not been finalized at the time of writing.
· The Amara Communities are well concentrated in the Vietnam, India, Russia and Ukraine. It would be advisable to spread to more locations and countries in order to achieve mass adoption and acceptance of Amara.
· Amara is a Defi aggregator based on multi chain collaboration. Even though it is a new trend and it could be very competitive in this space.
· These 3 protocols are very new and untested in the space and there is a possibility of hacking by the professional hackers.
My views:
Amara Finance is a multi cross chain financial aggregator for Defi 3.0 with the ambition to bridge polkadot and non polkadot world. This is a new trend for the future of Defi.
For the long term this is a good project to get involved. I hope that there is more innovation in the Defi space.
For more information:
Visit Website：https://www.amara.link/
Learn More About Crypto Assured Gold Standard
$CAGS is the first Crypto Gold DAO to be built on Binance Smart Chain. The Vision of $CAGS is to become a Decentralised Autonomous Organisation (DAO) that will buy or sell digital assets, crypto assets and NFTs collection over time using the Binance Smart Chain for our community .
$CAGS is also a digital money designed to offer financial freedom to everyone. Payments are instant, easy and secure, with near-zero fees. The Community can purchase goods at thousands of merchants and trade it with $CAGS around the globe and in the Metaverse. Community can gather in the Metaverse to play games and win prizes.
Its uniqueness is that it is a DAO and a digital gold backed by physical golds and other digital assets. The target price of CAGS is expected to be the price of 1 troy ounce of Pure Gold, which is about $2000.
Website : https://www.cagolds.com
Twitter : https://twitter.com/CagsGold
Facebook : https://facebook.com/cagolds
Instagram : https://instagram.com/cagoldstd
Telegram : https://t.me/cagolds
Gitbook: https://cagoldstd.gitbook.io/crypto-assured-gold-std
Medium: https://medium.com/@cagoldstd
Originally published at https://medium.com/@cagoldstd?p=2d13bb5a8124
About Amara Finance
Amara Finance is a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world. Amara’s core products include: AmaraLend, a multi-chain deployed lending protocol focusing on long-tail assets; AmaraLink, a multisig cross-chain bridge connecting Polkadot and off-DOT world; AmaraPay, an aggregated payment gateway protocol responding swiftly across the world.
Follow Us
Webiste：https://www.amara.link/
Discord：https://discord.com/invite/rhkyBmmCBf
Telegram：https://t.me/AmaraFinance
Twitter：https://twitter.com/AmaraFinance
Medium：https://amara-finance.medium.com
E-mail：amarafoundation@amara.finance
