What is Clover Finance? Clover Finance (CLV) is a Blockchain project that aims to provide cross-chain integration for decentralized finance (DeFi) services. In this article, you can find answers to questions such as what is Clover Finance, what it offers, what is CLV coin, how to get it, what is it used for. We have prepared it as Kriptokoin.com for our curious readers. Let’s examine the project together.
What is Clover Finance?
Founded in May 2020, Clover Finance is a blockchain project that aims to offer cross-chain integration and interoperability. The project runs as a Blockchain operating system and has a native cryptocurrency called CLV coin. CLV stands out for a variety of use cases within the network. Platform; It consists of three layers: storage, smart contract and DeFi protocol. The storage layer provides decentralized storage of dApps, the smart contract layer enables integration and distribution across blockchains, and the DeFi protocol enables various financial transactions. In addition to the layers mentioned above, the platform has one more layer.
This tier is the eApp tier. The platform allows users to build applications without the need for virtual machines and high-speed networks, thanks to the eApp layer. Clover Finance, co-founded by Burak Keçeli, has a simple portal that even users who are new to the DeFi world can easily understand. Through Clover, users can not only access DeFi services and blockchain integration, but also create decentralized applications (dApps). The network offers various DeFi services such as insurance, lending, profit making. Thanks to its blockchain integration, it works in harmony with Bitcoin and other blockchains.
What is CLV coin? What is it used for?
The native cryptocurrency of the Clover Finance project is CLV coin. CLV can exist with different smart contracts on both Ethereum and Binance blockchains. The token was created with the ERC-20 smart contract on Ethereum and the BEP-20 smart contract on Binance. CLV has several use cases in the Clover network.
First of all, CLV is a governance token. Token holders are granted voting rights in the decisions taken on the platform. In addition, CLV holders can submit proposals to the community for change and put it to a vote. CLV can also be used as a payment method for transaction fees paid to transact on the platform. In addition to all this, CLV coin can also be stored for staking and lending purposes. CLV holders can earn interest income by lending their assets to other users. They can also earn additional token rewards at maturity by staking their assets with a specified maturity. At the time of writing, CLV coin was the 394th largest cryptocurrency with a market cap of around $104.4 million. In addition, 261 million tokens were in circulation.
How to get CLV coin?
Currently CLV coin; It is listed by crypto exchanges such as Binance, KuCoin, OKX, and FTX. Investors interested in the Clover Finance project should first become a member of one of these exchanges. Fully registered investors can purchase the token by depositing a fiat currency such as lira or dollars into their wallets.