keyTango- The easiest way to get started with DeFi - BV_Crypto

Saturday, January 2, 2021

keyTango- The easiest way to get started with DeFi

 KeyTango,An excellent project with great potential and a strong team. The project has a clear development strategy that allows developers to work confidently to improve the platform.
A super latest technology based amazing project AWESOME STRONG AND HONEST MANAGEMENT


KeyTango is a platform for retail investors to discover, learn and invest in DeFi products and services such as yield farming and liquidity pools.We believe that DeFi was meant to, and should be more inclusive.
You may be a crypto veteran, but a DeFi newbie. Starting today, a series of articles will break some of the key concepts of DeFi into layman terms.
An interesting project with great prospects! A good and confident start, a large team that is interested in the rapid and powerful development of the project
This will certainly be a successful project as it has a great team that is more than qualified and focused on making this project a success
Awesome Platform The project is managed by an experienced and qualified team which is able to take the project to the highest level in the shortest time.
All the successes of the project related to their team. A very interesting project with specific goals and a worthy team that will certainly achieve its goals.


Price Oracles In A Nutshell

Oracles are essentially third-party services that enable smart contracts within blockchains to receive external data from outside of their ecosystem. Oracles act as a data source that can be fed into a smart contract, one that enables them to access real-time data that isn’t on-chain yet, which is most often the accurate price of assets.

Even though oracles themselves aren’t data sources, they are layers that verify on-chain data related to real-world events and then submit the cumulative data to smart contracts.

Price oracle risk, is the risk that such price feed can be manipulated andthe wrong price is input into a smart contract, falsely reducing or increasing the price of an asset, creating an arbitrage opportunity for the manipulator. The effect of such a manipulation gets further amplified when attackers implement flash loans to exploit the arbitrage opportunity created by the price manipulation.

Introducing keyTango, deep DeFi for retail investors

keyTango’s team is comprised of MIT, Ycombinator and Enigma MPC alumni. The team is backed by Outlier Ventures. keyTango takes a 3 step approach to enhance retail adoption:

1) Identifying trending products:

using network analysis, financial know-how and our network of investors, we are monitoring the Deep Defi ecosystem to identify the most attractive DeFi opportunities in real time and give guidance on how to optimise returns

2) Smart contract execution:

we execute these strategies through smart contracts optimising for security, risk-adjusted return on capital (RAROC) and gas fees.

3) Simple & relevant UX:

we offer these strategies to retail investors through a simple UX/UI. The strategies are picked by our relevancy engine, tailored to the particular investor knowledge and risk appetite in a fashion that enables efficient discovery process and informed investment decision making.

The exclusivity of DeFi

DeFi is supposed to be inclusive but beyond basic products with fiat-like returns (APR < 10%), discovery and usability are too complex for retail investors. A recent study by Simone Conti (Head of CryptoLab’s Digital Assets Investments), suggests that as few as 500 wallets hold 90% of all DeFi tokens. In order to make DeFi truly inclusive, there needs to be a better way for retail investors to discover and use DeFi products with attractive returns (APR>10%).


Complexity hinders retail adoption

In order to make “crypto kind of returns” (APR > x100%) DeFi investors use sophisticated products and strategies such as flash loans that interact with multiple underlying protocols. In contrast, for retail investors DeFi protocols are often overwhelming even as stand-alone products; the added complexity in using different combinations of protocols is simply prohibiting.

“Retail DeFi” vs. “Attractive DeFi” or in other words “Shallow” vs. “Deep”

We at keyTango believe that there are currently 2 distinct DeFi eco-systems:

  • Shallow DeFi (used by retail)
  • Deep DeFi (used by insiders/ professionals)

Shallow DeFi products are used by retail investors to generate up to 10% ROI while Deep products used by professionals, often exceed x100% ROI.

What distinguishes Shallow from Deep is that the former contains products that use only one underlying protocol. Conversely, Deep DeFi contains products that use multiple underlying protocols. An example of shallow DeFi is when an Argent client makes an ETH deposit on Compound Finance. An example of Deep DeFi is yield farming, a strategy often used by DeFi traders, moving assets between different protocols to maximise profits from both interest and token rewards.

Every “Shallow” product has a direct competitor in the CeFi (centralised finance) space.

For example, the value proposition to the retail investor of the CeFi products offered by Nexo, BlockFi and Celsius directly competes with DeFi’s Compound Finance and MakerDao. In contrast, Deep products are unique to DeFi. These are inherently unique and powerful because they leverage Ethereum’s composability trait, that has no preceding in FIAT or CeFi. As described by Linda Xie (managing director at Scalar Capital) “within Ethereum, protocols and applications can easily plug into each other and be combined together to create something entirely new… this is sometimes referred to within the community as “lego pieces.”


The two distinct worlds of DeFi and how retail investors are losing out

  • DeFi is supposed to be inclusive but beyond basic products with fiat-like returns (APR < 10%), discovery and usability are too complex for retail investors. This is the leading reason that (1) 95% of all crypto assets still generate no interest and (2) 90% of all DeFi tokens are held by less than 500 wallets.
  • “Deep” DeFi products can generate mind-blowing returns (APR > 100%) from crypto and hold game-changing potential if opened up to retail investors. But these products use multiple underlying protocols and are therefore inherently complex.
  • keyTango provides an accessible and accommodating platform for retail investors to make sense of deep DeFi products, with tailored discovery, education and investment processes that are personalised for retail investors based on their goals, risk appetite and knowledge of DeFi products.
  • A wonderful company with great potential in the future, I believe in its success and advise you! The team becomes even stronger and more professional every day!

This project includes a number of best things: an excellent team, an excellent product, a great idea, a great start!

A genuine project good ratings and in my opinion it is reasonable to join this project,because I saw the future development..they have. A clear and impressive concept

This project has a very bright future, because I really think this project is too perfect to be true. This is a very cool and innovative project. The future belongs to such projects as this 

A good project, with a clear road map with experienced and successful team. I saw the project from the beginning, saw its development every day.

Market Making (MM)
In essence, Market Makers define liquidity and depth indicators in financial markets. They monitor the price of assets they are making in real time and they seize the opposite to the market trend which is often found in an advantageous position. Simply put, when most traders on the market try to sell an asset, market makers would buy it, and when most traders on the market try to buy an asset, market makers would sell it.By doing so, market makers play a regulatory role in asset price while preventing unpredictable spikes in price due to poor liquidity.


For more information, you can see it below:
Web: https://www.keytango.io/
Twitter: https://twitter.com/tangokey
Telegram: https://t.me/keyTango
Medium: https://medium.com/keytango


Profile
Bitcointalk Username: dwinrs
Bitcointalk Url: https://bitcointalk.org/index.php?action=profile;u=1196948
ERC-20 address: 0xdD3D0bB3dc3Ec2dA19cb839De1FB47d8D39aaf41

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