Over the last two years, DeFi (decentralized finance) has been a major growth driver and source of enthusiasm in the blockchain sector. DeFi protocols have swiftly progressed from being intriguing but hazardous experiments to managing billions of dollars in assets and generating unparalleled passive income opportunities.
With that being said, Voltage Finance (previously known as FuseFi) is an innovative all-in-one DeFi platform on the Fuse Network. It has recently announced the official launch of the Voltage DAO as well as the VOLT governance token.
Understanding Voltage Finance
Voltage Finance was created to address the widespread adoption challenges that DeFi faces. It tackles scalability and transaction cost concerns by utilizing the layer-1 EVM-compatible Fuse Network blockchain which has 5-second block times and relatively low costs. It is also well designed for use on mobile devices.
Moreover, the Voltage swap capability is integrated into the consumer-facing Fuse Cash mobile wallet, permitting customers to trade crypto assets in a clean, user-friendly interface with little to no costs. Other notable features of Fuse Cash involve direct, mobile bank to crypto onboarding in over 170 countries and up to 50% yearly interest returns on the Fuse-native stablecoin, FuseDollar (fUSD).
Voltage essentially wants to achieve the right balance between providing highly experienced decentralized finance enthusiasts with services like yield farming, lending, liquidity pooling, cross-chain bridging and more through the Voltage Finance App, while simultaneously guaranteeing that less experienced consumers can benefit through the user-friendly Fuse Cash.
Could investing in Voltage Finance be worth it?
Voltage Finance is now ready to launch Voltage DAO and thus begin the move to completely decentralized governance. Voltage’s community governance will be driven by the Snapshot decentralized voting mechanism, and participation shall require the possession or staking of VOLT, an ERC20-compatible token operating on Fuse Network with a maximum supply of 10 billion.
TRGC, Collider Ventures, AngelDAO, ZBS Capital, Alpha Sigma Capital, and Shima Capital were among the major institutional investors who contributed to Voltage’s successful private fundraising round that was publicized in December and has since been completed. The platform has also processed over $150 million in trading volume since inception. Should this continue to grow, and should the DAO decide in implement revenue models similar to other leading DeFi platforms which often give a percentage of trading commission to token holders, VOLT could be an attractive long-term investment.
Accomplishments and future goals
Fuse Cash already incorporates Voltage DEX for swaps directly in-app, and further integration is in the works. Voltage is also the most important protocol in terms of TVL on Fuse. As a result, VOLT will be utilized for three major purposes: voting in governance processes through Snapshot, rewarding liquidity providers on the DEX and lending network, and finally VOLT staking.
The token allocation campaign will continue on February 22nd with the launch of the IDO for VOLT on Poolz Finance. It shall be followed by IDOs on February 23rd on Infinity Pad and February 28th by Enjin Starter respectively.
Furthermore, after the IDO round, there will be a unique chance for Fuse Network ecosystem members to buy VOLT and on March 1st, the ecosystem round shall be conducted. FUSE token holders will be able to trade FUSE tokens for VOLT at 3 different rates depending on the length of the VOLT vesting period. Lastly, according to the Voltage blog users who have previously engaged with various Voltage Finance platform components will be rewarded with a VOLT airdrop.
After the initial allocation rounds, the VOLT token will be officially used on Voltage Finance for trading, yield farming, and governance purposes. Needless to say, a project like this which offers so much is definitely worth checking out if nothing else.
