The Crypto Industry started with the arrival of Bitcoin, the 1st digital currency to be devised on Blockchain technology. The main ideology behind Bitcoin and Blockchain was to establish digital economy.
Ever since, over 100,000 crypto currencies have been introduced; but with a massive flaw. Bitcoin’s technology was immediately accepted and carried forward, but what they all skipped was the main motive “a digital economy
About Blizzard Network
Blizzard vaults operate by selling pool rewards, purchasing LP tokens, and adding those tokens to the pool. In this case, the amount of LP will grow independent of the dollar value of the pooled liquidity. If there is a drop in the price of the underlying assets, you will see a drop in the value listed of your LP, even as the number of tokens increases. When prices return to the original level, growth will become apparent in dollar value as well as in LP size.
Blizzard calculates returns for vaults and pools based on real performance, instead of assumptions about block speed and asset price. APY is calculated based on actual recent performance, annualized over the course of a year. Returns will vary over time-based on a number of factors, including underlying asset value and emission rate in the pooled project.
What is Blizzard Network [BLIZZ]?
Blizzard is a yield aggregator on the Avalanche Chain. It uses an auto-compounding function to increase returns on yield farms. Once set, the protocol runs itself, without the need for further attention from the investor.
Investors purchase tokens or create liquidity and place it into a Blizzard vault. Blizzard then collects the rewards, reinvests them, and grows the value placed in the vault. This compounding creates an optimal growth curve that is next to impossible to achieve manually.
The maximizing yield on farming pools can be a time-consuming task. Frequent compounding leads to the best yields, as farmers start earning on rewards immediately. The problem in this approach comes in two parts: time and gas. Optimized yields take frequent attention to your account. Frequent compounding uses a significant amount of gas fees. By using the protocol to handle compounding, Blizzard saves you time. By combining the entire pool into a single transaction, Blizzard uses far less gas than would be needed to handle every account individually. By using the team to handle compounding, a vulnerability in other yield aggregators is avoided, increasing security.
Who Is The Founder of Blizzard Network [BLIZZ]?
Blizzard Finance is a smart and innovative financial solutions provider. The firm is actively engaged in designing entire financial protocols & ecosystems that will shape the future of digital finances and the economy. The founders of Innovation Factory are a group of geniuses from around the globe who have joined hands to bring revolutionary advancements in digital accounting and finance protocols.
What Makes Blizzard Network Unique?
Blizzard Vaults reward investors for their commitment to an investment. By auto compounding rewards back into the liquidity pair initially invested, rewards grow exponentially. This type of growth is extremely powerful as time passes, allowing for returns far in excess of what can be gained by simply using the simple APY of a standard yield farming pool.
Where Can You Buy Blizzard Network [BLIZZ]?
If you are looking to buy or sell XBLZD Coin, Trader Joe is currently the most active exchange.
Blizzard is a decentralized network that allows anyone to invoice a payment for which the recipient can pay in a secure way. All the information is stored in a decentralized authentic ledger, this results in cheaper, easier, and more secure payments along it allows for a wide range of automation possibilities.
Frequently Asked Questions
What is Staking?
Staking is depositing your tokens into a smart contract and leaving them there in exchange for rewards.
Do my tokens still receive rewards/reflections/redistributions while staked?
Yes, different vaults may calculate these rewards in different ways but your rewards are sent to the vault contract and are distributed to your staked balance with each update.
Blizzard Official website – https://www.blizzard.network/
Blizzard Twitter – https://twitter.com/BlizzardAVAX
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