Shabu Shabu Finance - A true Defi project survivor

We are coming to the end of 2020. I must say it has been a great year for the blockchain industry. Starting from fall and surge in price of Bitcoin to the rapid success growth of DeFI.

DeFI which is otherwise known as Decentralized Finance has been a big blessing to the blockchain industry and the world at large. As we know cryptocurrency serves as a decentralized store of value which is secured, DeFI creates a decentralized financial instrument free from traditional centralized institutions.

The DeFI world has seen rapid growth in 2020, back in 2019 the worth of the DeFI industry was $275M. But by Feb 2020 it value grew significantly totalling $2.5B in early July, $3B by mid July and $4B on the 25 of July. This growth rate indicate the rise in interest of the masses in DeFI.

Just like the ICO boom of 2017-2018, they have been a rise in scam project within the DeFI space. These scam project has taken advantage of the rise of popularity of the DeFI industry.
The people most affected are they newcomers into the DeFI space who haven't or cannot properly research about these projects.

As a writer in the blockchain industry I have decided to create this post to help newcomers in identifying legit and genuine project.

They are lot of them out there. Today I would be talking about one of best I have come across. I must say this project is one of the DeFi project survivors of 2020.

I introduced to you Shabu Shabu Finance

Shabu Shabu is a decentralized DeFI project which is fork of sushiswap and YFII. Shabu Shabu is a project driven by it community. The development and decision making of the project is handled by the Shabu Shabu community. This is done through the voting process.

Shabu Shabu offers a fair token distribution through yield farming.

Shabu Shabu is still in it early stage of development and the team are working to provide core DeFI product for the project which includes;

• DEX: Otherwise known as decentralized exchange. With DEX they is no risk associated with custodial wallets or third parties. Shabu Shabu DEX will allows for seamless swapping or exchange of cryptocurrency mainly ERC-20 token. The DEX is facilitated by the smart contract which is secured. All that is required to perform your transaction is an internet connection and gas fees.

• Decentralized Governance System: Decentralized governance is very important in the DeFI space. It considered one of the criteria for a project to become a DeFI project. Some project offers to be decentralized but they are not completely decentralized. With Shabu Shabu it governance is completely decentralized and is handled by the community through voting process.

• Vault: This is one of the unique addition to the project. With Shabu Shabu vault, you can securely store your asset with peace of mind. Note: Shabu Shabu offers interest for every assets stored in it vault.

• Smart Lending and Borrowing: Shabu Shabu aims to provide a unique and secured atmosphere through which lenders and borrowers can interact seamlessly with one another without fear and with a good interest yield.
  The agreement between borrowers and lenders is done using smart contract which is secured and trustless.

As we know they is no project in the DeFI space which does not have it own token. A project token is an integral part of the project.

I introduced to you Kobe Token

Kobe is the official token of Shabu Shabu Finance. It is used to facilitate operations of the on the platform. Holders of Kobe token will be able to participate in the governance process of Shabu Shabu Finance through it voting process.

Kobe token is an ERC-20 token built on the ethereum blockchain. Kobe token has a maximum supply of 54,000,000.

Right now Kobe token is listed on three exchange with a good trading volume. They exchanges includes Uniswap, Hotbit and lukutex exchange. More listing coming soon.

Exchange and their trading links
Uniswap - https://app.uniswap.org/#/swap?outputCurrency=0xcb4e8cafeda995da5cedfda5205bd5664a12b848
Hotbit - https://www.hotbit.io/exchange?symbol=KOBE_USDT
And lukutex exchange - https://www.lukutex.com/trading/kobeusdt

Also the would be a big event for Kobe token coming soon on lukutex exchange. I advice you bag the Kobe token while you can.

In Conclusion
The popularity of the DeFI industry has been on the rise since the beginning of this year. And a lot of DeFI project has been developed but not all are in existence till today. Those project that have survived are called DeFI survivors which Shabu Shabu Finance is one of them.

As a writer and researcher in the blockchain industry, I did a research on Shabu Shabu Finance and I can say it is one of the best I have come across. Project like Shabu Shabu is what is needed at this moment to move the DeFI industry to a new level.

Join Shabu Shabu Finance now and grow with the DeFI world.

For more information about Shabu Shabu Finance, Visit
Website: https://shabushabu.finance/
Medium: https://medium.com/@shabushabu
Telegram group: http://t.me/ShabuShabufinance
Telegram channel: http://t.me/ShabuShabuFinanceAnnouncement
Twitter: https://mobile.twitter.com/shabufinance
Github: https://github.com/ironminter/shabushabu

Author Details
Telegram username: @assamsmart
ETH address: 0x14D176a65e0ab7CC785e8F460fc972EbB7441079