The Robinia Project, new opportunities for Steem by Karupanocitizen

As many of you already know, as of October 1, the Robinia Project will put into operation its De Fi, one of its star services is precisely Yield Farming. This service will allow us to maximize the return on our crypto capital, through agriculture processes.

However, not only the increase in the performance of our crypto-assets is the only benefit this new project will provide us, that is why this article I want to share with you some other characteristics that, in my opinion, in addition to providing us with a particular benefit, will also bring us I get a series of benefits for the steemit blockchain.

Reviewing some concepts

• A De Fi, in simple terms, is a financial institution, without an owner, that deals with cryptocurrencies. Like a commercial bank, it can grant credits or loans, financing for projects, and other types of financial services such as Yield Farming, which functions as a kind of term deposit or money table.

• Yield Farming is based on the immobilization of a certain amount of cryptocurrencies, through the use of a smart contract, which pays the liquidity provider a certain percentage of the total of all profits generated by the use of those funds. This is achieved thanks to all the funds collected, cryptocurrency pools are created that will serve to finance operations within the platform. When we do agricultural yields, we obtain as collateral native tokens of the platform on which we are carrying out the cultivation operations.

• A Crosschain Bridge is a mechanism that allows interoperability and intercommunication between very different networks, such as Bitcoin and Ethereum, for example. Cross-chain bridges allow the transfer of smart contract assets, tokens, data, or instructions from one chain to another and between completely independent platforms.

Robinia's Cross-chain Bridge, an excellent opportunity for Steem

The Robinia project will be executed in the Binance Smart Chain, but enjoy the interaction between this chain and the Steem chain, to achieve this it is necessary to create a Cross-chain Bridge that allows intraoperative between the steem blockchain and that of Binance.

Until now, if we want to carry out any operation in a De Fi, be it Swap, Staking or Yield Farming, it is necessary to sell or change our steem to transform it into another cryptocurrency such as BTC, BNB, BUSD, USDT, etc., as well as use other networks such as the from Binance or Ethereum, thanks to the Robinia project this situation will change since our cryptocurrency can now be exchanged directly through a network as important as Binance Smart Chain.

Could Project Robinia positively affect the value of Steem?

The fact that we do not have to sell or change our steem to go to the services of a low De Fi makes the offer of them in the market decrease, this obviously could affect an increase in it if combined with interest or demand that could be generated thanks to the interest of other investors in the stem.

On the other hand, the Cross-chain Bridge with the Binance Smart Chain could also stimulate the interest of investors and traders to increase trade, even motivate them to invest in our platform to use it as a “mining” mechanism. All of the above is highly positive for all of us who live in this network, it provides us with the opportunity to invest and grow our capital, it could favor the increase in the value of the steem and it will likely attract new investments in Steemit. A great success!

I would like to be able to read your point of view regarding the Robinia project, what do you think of their proposal? How do you think the Cross-chain Bridge could affect the value of the Steem? Would you like to invest in this project?

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