Updated: Jun 30, 2022
From Flash Loans to betting platforms, decentralized finance (DeFi) is taking the digital economy by storm. In fact, some experts note that it could reshape the financial industry as we know it.
DeFi suffers from multiple barriers to entry. DeFi is notorious for its sharp learning curve within the wider cryptocurrency space. A simple mistake could cost you your hard-earned capital.
If you’re new to DeFi, you probably rely on a set of tools to inform your decisions. Indeed, automation tools and educational platforms have played a big role in eliminating friction and increasing user adoption among the less financially versed.
Like these tools, AlgoBlocks seeks to make DeFi more accessible and straightforward as it should be. Among other things, our platform has simplified DeFi actions, giving our users two investment options.
Users may either choose a curated, one-click investment or DIY their own pre-programmed trade. Let’s take a closer look at each option.
Curated, ready-to-click investment
Most DeFi actions like lending, staking, and trading can be intimidating for the uninitiated. The first investment option addresses this pain point by giving investors personalized, curated investment opportunities.
With this option, users can perform otherwise complex DeFi trades like yield farming or lending on a peer-to-peer level with just a single click. Put simply, it eliminates all the steps investors need to take before making a trade.
Responsible investors understand that complexity could easily translate to risk. In DeFi trading, user errors could have significant implications. Automating your DeFi investments adds a layer of protection by helping you execute trades strategically and efficiently.
All-in-one intelligent platforms like AlgoBlocks allow users to make decisions that are based on analysis, news aggregation, forecasts, and crowd-sourced research to generate market signals. These signals are based on clean, accurate, and relevant data sets that can be impossible to yield manually.
With AlgoBlocks’ curated, one-click investment option, you’ll benefit from these insights, as well as recommendations based on your risk appetite and investing history. It’s a great option for those looking to maximize your investments minus the headache and steep learning curve.
Create-your-own pre-programmed trade
Investors who have more technical know-how and experience but don’t want to spend too much time putting together a trading strategy will benefit from AlgoBlock’s second option. This option lets you create your own trade using pre-programmed trade templates of typical DeFi actions. This option also lets you save templates and use them for repeat trades in the future.
AlgoBlocks is a community-driven initiative. You can tap users for insights, or share your templates with other users. Doing so could earn you more ALGOBLK tokens when your DIY templates are used for trade.
So how are these pre-programmed templates created, you may ask? These algorithmic templates are based on previous interactions with a DeFi product. When users save and publish these interactions on our platform, they become AlgoBlocks. Users may then use these templates, as well as AlgoBlocks we created, to trade, swap, and farm cryptocurrencies.
Using these pre-programmed templates to anchor your strategy helps ensure a safer and more seamless trade. It gives you the freedom to optimize your DeFi portfolio without the hassle of taking several steps to execute an action. Additionally, you can save your AlgoBlocks for future use and even earn a share of the fee charged to those who use them.
In other words, option two gives you a little bit of freedom, but without the fear factor and time-consuming trading processes.
DeFi is often shrouded with its own jargon and complexity, but platforms like AlgoBlocks help shorten the learning curve with its two easy investment options. By using helpful platforms and investing time and effort to understand the market, DeFi trading could be an enjoyable and lucrative hobby.