Place/Date: - September 12th, 2022 at 10:04 am UTC · 3 min read
In recent years, the financial technology industry has seen the rise of a new kind of company, known as a “decentralized finance” or “DeFi.” These companies are built on the idea of using blockchain technology to create financial products and services that are more accessible and transparent than traditional financial products.
One of the most successful DeFi companies to date is Uniglo (GLO), which recently achieved a significant milestone: a successful audit by a top accounting firm.
An independent security firm Paladin has conducted an audit for Uniglo, showing that Uniglo’s (GLO) smart contracts are secure and compliant with industry standards. This is excellent news for Uniglo and their token holders, as it further ensures their investment is safe.
EverRise is a protocol that allows users to earn interest on their digital assets without locking them up for a fixed period. It enables users to stake their assets in a liquid pool used to back loans on the platform. EverRise currently supports interest-bearing investments such as USDC, DAI, and wBTC.
Evergrow is a yield farming protocol that allows users to earn rewards for providing liquidity to the protocol. It issued two tokens, EG and EGT, to provide liquidity. EG is used to reward users for liquidity, while EGT is used to stabilize the pool’s value. Evergrow currently supports significant cryptocurrencies such as BTC.
EverRise (RISE) And Evergrow (EGC) investors have announced their intention to invest in Uniglo’s (GLO) new development and paladin audit. This move comes as no surprise, given the recent success of Uniglo’s DAO in attracting new investors and delivering consistent returns. What is interesting is the timing of the investment, which suggests that EverRise and Evergrow see Uniglo’s DAO as a long-term investment.
The two companies are not alone in their interest in Uniglo’s DAO. Several other major investors have also expressed interest in the new development. It shows that the project has the potential to attract significant investment from the industry’s most prominent players.
This kind of positive sentiment is a good sign for Uniglo, as it means that their smart contracts are up to scratch and that they can continue to operate without worry. Paladin is an independent firm, so this adds an extra layer of assurance to Uniglo’s security.
Social, digital currency Uniglo’s goal is to amass a large and diverse portfolio of digital assets, including tokenized real-world assets, cryptocurrencies, and NFTs. These might be assets the typical investor doesn’t have access to, such as gold, fine art, antiques, rarities, and high-value collectibles. Everyone who owns a GLO token will have ownership rights over the treasure chest and input over its contents.
Profits from this vault will be used to buy $GLO tokens from the market to burn them.
Even though it is still in the presale period, Uniglo’s price has already grown by 30%, and a further price increase is anticipated as the ICO draws near.
To sum up, Uniglo’s audit is a big deal. It is a significant milestone for the project and will likely cause increased interest in it from all quarters. The report from Paladin is available to the public so that everyone can see that Uniglo is committed to transparency and security.
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