What Is Belt Finance (BELT)?

Belt Finance is a cross-chain DeFi ecosystem built on Binance Smart Chain. The platform seeks to allow users to get the correct value of their assets by retaining the stability of their asset positions and having optimum yield. The platform uses Belt.fi stableswap, an AMM (automated market makers) protocol that includes several strategies for yield optimization. AMM enables digital assets to trade in a permissionless way by using liquidity pools over the traditional market of traders.

As per the whitepaper, a lot of coins and stablecoins mirror Bitcoin. The problem with so many options is that swapping and storing these assets in vaults is confusing. Belt makes pools of these tokens of the same nature and seeks to make it possible to swap these with low fees. This aims to give DeFi users the option to keep the safe nature of their stablecoins while getting high rewards. Belt envisions a future of interoperability in which users maximize returns conveniently by adding liquidity to any collection of assets by virtue of these pools.

Belt Finance seeks to offer several features:

• Security - Belt aims to focus on security. Belt has multiple audits, a bug bounty system, and an experienced team. A bug bounty is a reward given to individuals for successfully discovering and reporting a vulnerability to the application's developer.

• Strategized yield - Belt vaults aim to spread users' funds across the DeFi protocols in each ecosystem, letting users earn optimized returns from them simultaneously.

• Trade stablecoins - Belt's stableswap seeks to give users the optimal rates on trades of significant stablecoins.

BELT is the BEP-20 token of Belt Finance. BEP-20 is a token standard on Binance Smart Chain. BELT is a governance token where users get to add new strategy protocols, new AMMs to the swap, and handle operating periods (pausing strategies, deactivating pools/vaults). BELT is deflationary in nature and decreases in supply over time. Using BELT, users seek to increase their funds through single staking or liquid pools.

History of Belt Finance

Belt Finance was created by Ozys, a blockchain technology company founded in 2017. Ozys has worked with public chain foundations to create widely used, cutting-edge blockchain-based services focusing on DeFi. The CEO of Ozys is TK Park, and the CTO is Jongsic.