Stater

In the modern world, there are many financial instruments that anyone can use. A huge number of organizations offer a wide range of lending services. Now you can go to the bank and collect the amount of money you are interested in. The interest on these transactions is usually very high, and many citizens are not able to repay the borrowed funds, moreover, you will have to disclose all your personal information to the bank, and you will find yourself tied to it. The world is also full of alternative ways to borrow money at a huge interest, but in all these cases, you are forced to provide information about yourself and disclose all the data.

With the advent of such a phenomenon as cryptocurrency technology and blockchain in our world, everything has changed. You can make financial transactions without providing data about yourself and remain incognito. Here you have many opportunities to make money. You can make money by playing the market, buying and selling cryptoassets, investing in new cryptocurrency projects in the early stages of development. These methods can bring you good profits, but they are extremely risky.

If you do decide to take part in this wonderful world of cryptocurrencies, you should know that there are projects like DEFI (DeFi is decentralized financing — a concept that means that cryptocurrency owners can recreate traditional financial instruments in a decentralized architecture. -or control).

Here you can relatively safely invest your assets in liquidity pools (a liquidity pool is a kind of storage in which market participants put their assets in order to provide a very large supply of liquidity for everyone who wants to exchange this asset. To do this, you will receive a yield in the form percentage of funds invested in cryptocurrency).
If you want to borrow cryptocurrency, you can do so on most decentralized platforms, leaving the required amount of stablecoins as collateral.

Now let’s talk about the alternatives of making money on cryptocurrency and lending.

If you are the owner of unique NFT tokens (non-fungible or NFT — unique digital items with ownership reflected in the blockchain). These can be various digital collectibles. The seller determines the price in the market; it ranges from a few cents to hundreds of thousands of dollars. You can buy and sell these items on websites that specialize in this (you need some knowledge of how the Ethereum blockchain works here).

If you own such NFT items, you have a unique chance to participate in the newest Stater project. Here you can borrow money from other people and deposit your NFTs. The loan amount depends on the price of your NFT token. Stater, in turn, acts as a guarantor that you will return the borrowed funds on time (this is achieved by blocking your NFT on a smart contract), otherwise your NFT will become the property of the lender and he will be able to sell it. return the borrowed funds (usually, you will receive a much lower amount of the value of your NFT in the market, so the person who borrowed your funds will cover their losses from this transaction).

On the Stater platform, you can also become a lender and provide funds to people backed by valuable NFT tokens. Stater will also act as a surety. All actions are recorded in the blockchain and therefore are as safe as possible.
You can familiarize yourself with all the advantages of the Stater project on the official website. Also, if you are interested in more detailed information on how this works, you can check out the white paper Stater (a link to it will be published at the end of the article).
The official Twitter page will help you not miss out on anything important in the life of the Stater project.

These links will be helpful:

Website https://stater.co/

Twitter https://twitter.com/StaterFinance

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