The future of DeFi
DeFi saw huge growth in the middle of 2020 but declined a bit later in the year. Despite drops in the token value of popular DeFi projects, their usage and development continued well into 2021. Now, many are speculating a “DeFi Summer 2.0” as the Ethereum blockchain is slated to release an important upgrade in July 2021.
The new upgrade, EIP-1559, is expected to help lower gas fees substantially. What’s more, mainstream adoption is steadily on the rise with the popularity of NFTs , the recent Coinbase listing, and the surge in the price of Dogecoin.
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Making the future of DeFi sustainable and stable
Key to maintaining sustainability despite the high APR is Safuu’s Fire Pit , which is a buyback-and-burn contract that reduces the circulating supply of $SAFUU tokens. According to the company’s website, 2.5% of all $SAFUU traded are burnt in the Fire Pit.
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