ETNA

Project ETNA is the further modification of Cyclops Finance project.

ETNA is supporting all DeFi protocols where the users can stake their assets to earn good interest also they can use liquidity pools for liquidity mining and can do yield farming to earn good rewards on the platform. Further users can lend their assets which are lying uselessly in their wallet to earn good interest income. And the various projects and traders to cover up their liquidity can borrow crypto assets on the platform. The smart contracts of the platform are capable to handle the transactions effectively without any smart contract failure and ETNA is making it sure that only the deserving person will receive the funds.

The best part with ETNA is that this platform is fully supporting NFTs. An NFT is a non fungible token that has no match. That means an NFT is a unique token that runs on blockchain and in any particular blockchai an NFT can exist in only one address. So there is no exact copy of any NFT can exist on blockchain. That makes NFTs rare and scarce in number. That has created the much hype of NFTs in market and we are seeing people are going crazy and spending millions of dollars for NFTSs

ETNA is a one step ahead from market competitors and this platform is providing real use case of NFTs on the platform. YOU can stake your NFTs on the platform and can do liquidity mining or yield farming . That is possible since the platform is supporting NFT tokenization that is a unique concept and making it possible to use NFTs with DeFi protocols to generate more revenue.

DeBank

DeBank is a lending and borrowing application of the platform which is user friendly and supporting NFTs as collateral. This application has been deployed on BSC. DeBank supports the deposits of all ETNA NFTs and users can already use such NFTs to take out loans. In the DeBank application's ecosystem where the user used NFT as collateral, he/she pays zero interest on the loan as the interest rate for NFT as collateral is zero, no matter how long the loan was taken for. DeBank is a user handy application and can be accessed easily on a PC and on mobile devices. DeBank will get better over time as the team is already working on upgrades that will make user experience smoother and seamless.

The holders of ETNA token can take interest free loans on the platform. With the help DeBank application, the users of the platform can avail zero interest loans by offering their ETNA tokens as collateral. The funds deposited in DeBank are totally secured as the project team is highly concerned with users' funds security. As such the smart contracts of DeBank are fully secured and technically advanced. The other smart contracts can not interact with DeBank's smart contracts so there is no fear of any manipulation or theft of funds on the platform. DeBank is providing Great APY and additional incentives for depositors when user deposits ETNA, they earn up to 27% APY, and 8% APY for NFT deposits and up to 50% APY for liquidity-earn farming.

Earning Opportunities

ETNA has revolutionize the passive income earning concept on blockchain. Users of the platform can lend their NFTs to the players who need NFTs to win the game but can not afford it. But on ETNA platform the players can borrow the required NFT and after using it can refund it with small interest to owner of the NFT. The stake holders and liquidity providers of NFTs can sell their staking or yield farming protocol if they don’t want to continue staking or yield farming. The NFTs are representing digital ownership on blockchain and the holders of staking & liquidity mining are required just to transfer the digital ownership and the buyer will become the owner of NFT and all the staking/ liquidity pools where it is used. That all is done in a single click and there is no need to first remove liquidity and then sell the assets to get money. That is really a revolutionary concept and project ETNA is fully supporting and has make it very easy and comfortable to earn passive income on the platform.

Marketplace

ETNA Marketplace is a business model that focuses on facilitating commerce between buyers and sellers. It helps to build a connecting platform for sells and purchase of products at a commonplace. A demand curve is a graph depicting the relationship between the price of a certain commodity and the quantity of that commodity that is demanded at that price. ETNA is allowing the users to have access to the game assets and The buy/sell price of these assets follows the definitive price-demand curve that means both the buy and sell price of all game assets increases with every additional asset bought. And as such an early buyer can earn profits by selling when demand for an asset increases. In addition to this ETNA provides a platform where these assets can be traded at any time so when the price is high the users can sell their assets to get profit. This platform creates an ecosystem to trade game assets freely. And the assets value pegged to price demand curves. This allows users holding assets in the early stage to benefit from profits against the native token. And as the assets’ prices are proportional to demand, holders will make both short and long-term profits.

ETNA token

ETNA token is the native currency of the platform. It has various usages on the platform. The holders of ETNA are the stake holders of the platform and can take part in various decision making programs to help the platform for further modification and select best DeFi applications and protocols for the rapid growth of the platform. This token is used in lending protocol and has leveraging features. This token acts as a store of value for game assets and make it sure that the users of the platform can sale/purchase or lend/borrow game assets on the platform. The rewards and interest generated on the platform is paid in ETNA token.

RoadMap

The innovative project has lots of plans and strategies to support the systematically current and future growth of the platform. The team has tons of experience in almost all the sectors of blockchain and is capable to handle the project independently. ETNA platform do not requires third parties to involve and the project team has enough resources to implement & execute their development growth strategies. This project has a well prepared Roadmap.

Brief

ETNA is the further improvement of Decentralized Finance (DeFi) and a new revolution in the blockchain technology which has opened the too many doors for its users to earn more and in trustless environment. ETNA is such a protocol which works and provide its user the all facilities which an normal bank can provide but with the major benefits of covering all the flaws of centralized banking system. Here no one is judging you or going to inquire you of your funds. You have sole control of your funds and you can lend/ borrow fund without tedious documentations and further investigations. You can do yield farming, can stake your fund/ Put them in different liquidity pools to earn more and more interest of the assets which are lying idle in your wallet. On ETNA platform the transactions are done in high speed, saving lots of time and also providing proper safety and security and makes sure that these financial fund transactions are executed accordingly and the users get their funds properly.

Visit For More Information

• Website: https://www.etna.network/
• Whitepaper: https://www.etna.network/assets/ETNA.pdf
• DeBank : https://debank-lb.etna.network/
• Telegram: https://t.me/EtnaNetwork
• Twitter: https://twitter.com/EtnaNetwork
• Medium : https://medium.com/@EtnaNetwork

Writer

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