DeSyn Protocol: Decentralized Asset Management Platform

A Web 3.0 Infrastructure

Admittedly, there are lots of issues in blockchain technology that projects, institutions, and other users alike contend with. There are some on the personal level, while some are collective. What individuals should not make a mountain out of a molehill is not doing enough due diligence on a project and being at a crossroads over CeFi or DeFi for asset management. That should no longer be a teething problem for institutions and various users in managing their assets.

CeFi no doubt before the emergency of DeFi played an important role in asset management, however, one striking thing to note is, that if CeFi had done a good job, DeFi would not have gained traction in the first place. Hence, the plethora of issues confronting CeFi has made DeFi the go-to in terms of asset management. We can not begin to make mention of Celsius network and 3AC who are CeFi and the loss institutions and users alike were made to suffer.

There is now an end in sight.

Different projects abound in the DeFi space for asset management but when it comes to a completely decentralized asset management platform with the aims of providing secure, transparent, and affordable access to create and trade innovative financial products for everyone in crypto, leading to actively promoting an equal financial inclusion around the world, none comes close to the DeSyn Protocol.

For a DeFi platform actively into asset management, transparency is a key area of it. DeFi has been praised in some quarters as being transparent and the DeSyn Protocol forms a major part of its key areas. Thus, for its users, updates in functional areas like profits, losses, TVL, and others would be laid bare for public consumption. The recent update in the various social media handles of the project attests to this. A clearly defined roadmap has been updated with demographics showing the number of tokens meant for each sub-group.

Moreover, when comparing CeFi with DeFi in terms of ease of transacting business activities, DeFi stands shoulder high as trading activities and everything associated with DeFi are easy to carry out, when that is brought home to DeSyn, one can see it in the project’s homepage. DeSyn Protocol’s user interface makes for an exciting trading experience. Once stake or mine on DeSyn platform, users can easily obtain higher incomes than most of Cefi platforms. It simply means anyone and everyone is welcome to use the asset management platform with no barriers in place.

One of the areas critics critiques CeFi as asset management is in the area of risk control. For an asset management platform, this is what should be one of the key areas to work on for DeSyn Protocol. All DeSyn contracts serve one purpose or the other which effectively made DeSyn Protocol an ideal DeFi asset management platform for institutions and individual users.

DeSyn adopted advantages from Web 2.0 and Cefi, which can provide greater APY as income. Furthermore, as an asset management platform, security must not be toyed with as users want the security of funds as it has been one of the issues the space has been facing, particularly DeFi. For DeSyn Protocol, this has been taken up a gear with various security measures taken already to boost its security architectures. There are upcoming bug bounty programs, audits, and Hackathon activities, all to put the platform in good stead. As a custodian of funds and seeing the numerous cases of hacking taking place, this is one key area DeSyn is focusing on to further strengthen the platform.

The importance of carrying out such routine checks and bounties on a DeFi platform which is asset management like DeSyn Protocol can not be downplayed. Issues will immediately be attended to if any as seen in the periodic updates from the team where the section of the report details how feedback is taken into cognizance and attended to. This no doubt infuses confidence in users who are assured of their funds being in safe hands.

In summary, asset management in blockchain technology spells across the DeFi and CeFi space but the advantages of DeFi in terms of transparency, security, and accessibility have made it a force to reckon with. Also, the combination of Web 2.0 and Cefi advantages on blockchain will provide customers with better outcomes. In the DeFi space, DeSyn Protocol boasts of these attributes which are clearly seen in how it has been operating. It has set the standard high in asset management making it essentially the reference point for others.

Related Readings:

DeSyn Global Ambassador Program

DeSyn Protocol Has Completed the 2-Round of Fundraising With Over $5M

About DeSyn Protocol

DeSyn Protocol is a decentralized asset management protocol in Web 3, which allows everyone to create and manage customized pools-based portfolios with a variety of on-chain assets (tokens, NFTs, derivatives and etc. ) via smart contract.

TELEGRAM| DISCORD | TWITTER | YOUTUBE | ANNOUNCEMENT CHANNEL | WEBSITE| REDDIT | FACEBOOK | MEDIUM | EMAIL

DeSyn Protocol: Decentralized Asset Management Platform was originally published in DeSyn Protocol on Medium, where people are continuing the conversation by highlighting and responding to this story.