UK, 30th March: In this press release, we will discuss what all the cryptocurrency latest news and blogs are talking about. As we all know, DeFi is a big thing in the market, and several companies are trying to reap its benefits. One such company is Divi Project, which partnered with StakeHound to offer the benefits of DeFi to its users. Divi Project is an organization that allows people to easily use cryptocurrencies, thus leading to widespread adoption of the said currencies.
StakeHound, on the other hand, is an organization that specializes in liquidity staking and will offer a wrapped Divi coin that will have a stDivi ticker on it. The coin will operate on the Ethereum network. Due to this partnership, Divi members (both new and existing ones) can directly participate in DeFi transactions, including liquidity mining, micro-lending, staking, etc.
With the introduction of this token, Divi Project will gain its foothold in the finance market (decentralized) and gain more customers. It should be noted in this context that this market has flourished and gained a market cap of $43.95 within the first quarter of 2021.
According to experts, if the Divi coin is strategically placed, then the company can gain massive benefits. This is proved true, as statistics show that Divi coin already gained profits even before the commencement of the partnership.
The main motto of this partnership is to ensure that the coin is visible to millions of people present in all verticals. According to Divi Project's co-founder and Chief Information Officer Nick Saponaro, this project aims to make sure that people are aware of the Divi coins.
In this year, Divi is set to make several statements, as it will enter into many new partnerships to ensure smooth transitioning into the DeFi market. It will also launch its own mobile wallet. However, through this partnership, Divi will offer excellent financial services to its users.
StakeHound will act as a bridge for Divi, as it will help the later organization to access the characteristics of the market. It will also eliminate the barriers to entry, Divi might face while accessing the market.
With both these companies working on offering easy-to-use and easy-to-access crypto-related services, we expect spectacular results. Market analysts will be keeping a close eye on them. You might be able to access their world-class services real soon.