DeFi Skeptic Aspire to Make the Decentralized World Better

Through Increased Transparency and Information.

DeFi Skeptic is a platform that seeks to reduce fraud while increasing transparency in the DeFi space by providing a platform to highlight vetted projects in addition to various products and services as well as acquiring strategic partnerships who support the same vision/mission.

Raleigh, June 28, 2022 (GLOBE NEWSWIRE) — In any developing system or world, the ingress of scammers, swindlers, and fraudsters is inevitable. The same goes for the decentralized world. In 2021 alone, malicious actors stole over $10 billion from DeFi users through various scams, vulnerabilities, and exploits. This gap between legitimate projects and DeFi users was the reason DeFi Skeptic was created.

DeFi Skeptic – Making DeFi Space Safer and Secure

DeFi Skeptic was founded with an aim to reduce the amount of fraud in the DeFi space while providing developers and users a platform to acquire legitimate and vetted products and services tailored to meet every need. This ecosystem of products and services is powered by Skeptic Token (SKP), a multi-use, liquidity backed utility token on the Binance Smart Chain.

DeFi Skeptic is the ultimate project aiding the DeFi community in various ways. One way it does this is by interviewing project developers and assessing the entire project. Not all projects that apply to be vetted will pass. DeFi Skeptic does a preliminary review to see if the project meets the basic criteria to be vetted. Upon completion of the preliminary review a formal vetting session is conducted. DeFi Skeptic evaluates each aspect of the project and after a thorough review, and only if the project passes, the project is placed on the list of DeFi Skeptic vetted projects. This service is the cornerstone of DeFi Skeptic and is built to bridge the gap between DeFi users and legitimate projects.

Partners and Affiliates

DeFi Skeptic puts a high amount of focus on strategic partnerships with entities that share their mission of bettering the DeFi space. One recent partnership is with Dappd LLC, a software development company specializing in DeFi/Blockchain Technology. Their services include custom smart contract creation, presales, web3 bots, dApps, websites, auditing, and blockchain consulting/development. DeFi Skeptic strategically sourced this partnerships as it supports the DeFi Skeptic ecosystem and their mission of bettering DeFi, specifically in this case by ethical coding practices.

DeFi Skeptic is also partnered with various service providers such as Launchpad’s, information databases, KYC providers etc. DeFi Skeptic believes that to impact a space as big as DeFi, power in numbers far outweighs a solo effort. DeFi Skeptic believes in trust, honesty, and transparency and those that believe in the same are ideal candidates DeFi Skeptic seeks to work with.

DeFi Developer and User Focused Products and Services

DeFi Skeptic believes that starting at the beginning is one key way to positively impact the DeFi space. This is why DeFi Skeptic has decided to provide various developer and user services making both sides journey seamless and effortless. DeFi Skeptic provides various services such as contract creation, audits, vetting, KYC and many more. But one unique and beneficial service which is new to the DeFi Space is Arbitrage as a Service (AaaS)

Arbitrage as a Service allows the project team to stabilize their liquidity pools while directing the profit back into their project as appose to having it lost to external arbitrage traders. Normally, a price difference between exchanges or liquidity pools would be taken advantage of by an arbitrage trader who would buy the cheap side and sell the high side, resulting in a profit. This profit comes at a loss to the project. AaaS eliminates this problem by running an automated arbitrage bot on the projects token while directing the profit back to the project for the project to use for various purposes. The best part is it’s free to use as there is no signup fee and no recurring fee. This cutting edge service is offered by DeFi Skeptic in collaboration with their partners at Dappd.

To get the detailed information about the DeFi Skeptic products and services, visit the project’s official website or read the whitepaper.

DeFi Skeptic Ecosystem

Within the DeFi Skeptic ecosystem, Skeptic Token (SKP) will serve as a utility token powering the products and services offered by DeFi Skeptic. The company plans on launching this token on Binance Smart Chain Network (BSC) June 29th, 2022.

Moreover, DeFi Skeptic will release a limited edition NFT series titled “First Skeptics.” The holder of these NFTs will receive a variety of perks inside the DeFi Skeptic ecosystem. The NFTs and Tokens can be converted for one another at any time by the user, allowing the user to decide what aspect of the ecosystem they want to use. This innovative feature allows DeFi users to place importance on a specific aspect while not restricting themselves to one or the other.

Website | Telegram | Twitter

About the author

Brent Dixon is the owner of E-Crypto News and an early adopter of cryptocurrencies. He is a Book editor- that has edited numerous books on Cryptocurrencies. He has been a writer for more than 30 years. Covering everything from Jazz Music to Blockchain Technology. He currently lives with his wife on Miami Beach, Fl.

Related Posts

E-Crypto News Executive Interviews

Cryptopunkad1
Cryptopunkad2
Cryptopunkad1
Cryptopunkad1
Cryptopunkad1
Cryptopunkad1
previous arrow
next arrow

Automated trading with HaasBot Crypto Trading Bots

Blockchain/Cryptocurrency Questions and Answers

College Students
7 Tips for College Students Who Want In on Crypto
October 5, 2022
Inflation Bitcoin
5 Aspects that Affect Cryptocurrency Prices
October 5, 2022
Crypto Regulation Index
Crypto Regulation Index for 2022
October 3, 2022
What Is ZetaChain And How Does It Operate?
What Is ZetaChain And How Does It Operate?
September 27, 2022
LUNC
What is Terra Classic (LUNC)? How Does it Work?
September 26, 2022


CryptoCurrencyUSDChange 1hChange 24hChange 7d
? --- 0.00 % 0.00 %

bitcoin
Bitcoin (BTC) $ 20,405.47
ethereum
Ethereum (ETH) $ 1,379.09
tether
Tether (USDT) $ 1.00
bnb
BNB (BNB) $ 296.77
usd-coin
USD Coin (USDC) $ 1.00
xrp
XRP (XRP) $ 0.497889
binance-usd
Binance USD (BUSD) $ 1.00
cardano
Cardano (ADA) $ 0.435653
solana
Solana (SOL) $ 34.42
dogecoin
Dogecoin (DOGE) $ 0.066304