ForTube & Trava Finance are at the forefront of decentralized finance (DeFi). They are fundamentally changing what being a lender or borrower means with their creative strategies. ForTube, an open-sourced DeFi lending platform, is the crypto-finance service protocols crypto developers should get involved in building. Trava Finance allows users to create Custom User-owned pools to lend and borrow. Each platform has introduced different unique features and governance models to help attract users and develop their respective ecosystems further, leading to a fast-paced DeFi arms race.
In 2020, ForTube was launched as an open-source DeFi lending protocol, initially named The Force Protocol. The platform provides various DeFi activities including crypto-backed lending and borrowing, yield farming, and minting on-chain stablecoins. 2020 was a breakout year, as ForTube launched on the Binance Smart Chain allowing more users greater access to its services.
A recent major security audit conducted by SlowMist further highlights ForTube’s focus on built-in security. With ForTube’s current market capitalization still below $1 million, the pair is well-poised for further expansion and adoption.
Founded in 2021, Trava Finance quickly distinguished itself. It gives users the ability to create their own “User-owned pools” allowing them to lend and borrow on their own. This powerful feature gives users the ability to easily implement and scale unique lending strategies. To reduce risk, Trava Finance builds AI-powered analytics, making their platform more secure and reliable.
Trava Governance is fully decentralized. TRAVA token holders get to vote on platform upgrades and have an active role in shaping the platform’s future. This decentralized governance model is in lockstep with the core principles of DeFi, fostering community engagement and accountability.
Scheduled for launch in February 2024 on Ethereum, UniLend V2 promises to be an exciting new chapter of UniLend and the DeFi space overall. While not directly related to ForTube or Trava Finance, UniLend's upgrade reflects the ongoing innovation and evolution within the DeFi lending sector.
These new platforms are pushing the boundaries on what’s possible within the DeFi landscape. ForTube's comprehensive suite of services and Trava Finance's user-owned pools cater to diverse user needs.
Whether it’s ForTube or Trava Finance, these new entrants are democratizing finance and leveling the playing field. They provide solutions to lenders and borrowers that are transparent, clear and empowering. Their distinctive capabilities and governance structures exemplify the innovation packed behind the DeFi movement.
