Investing in Step Finance (STEP) – Everything you need to know
Solana is one of the most scalable blockchains available today, potentially even the most scalable right now. This is an important feature of the project, as it attracted users who were leaving Ethereum, as well as those new to the crypto industry since its launch.
So far, it has more than 160 projects running as part of its ecosystem, and many believe that this is just the beginning and that Solana could one day become one of the biggest projects in the entire crypto industry. However, Solana still has a long way to go until it matures enough and until its ecosystem grows enough to take over from giants like Ethereum. Luckily, Solana isn’t doing it alone, as he has a dedicated project to make it even friendlier.
The name of the project is Step Finance and its goal is to become the front page of the entire Solana ecosystem.
What problems does Step Finance (STEP) solve?
Step Finance aims to fix a number of issues, or rather improve the way users view Solana. Along the way, it also improves certain aspects of the blockchain, such as:
Accelerate the development of the Solana ecosystem
The first thing to note is that Step Finance aims to finance builders on Solana’s platform. The platform is already targeted by users and developers due to its scalability, fast transaction processing speed and low transaction cost. Add to that the fact that the project funds builders, teams, and projects, especially those focused on data and analytics, and those that make it easier to see what’s happening on-chain, and users feel really the incentive to come to Solana and help develop its ecosystem.
Solana is already fast and very convenient to use. Now, with Step Finance also boosting its transparency and ease of use, and encouraging other projects to do the same, Solana has a great chance of becoming one of the most user-friendly blockchains in the industry.
Managing the use of the platform
Step Finance and its STEP token were created with unique tokenomics, specifically designed to boost usage of the platform, as well as reward users and token holders. It can be used to execute transactions on many Solana contracts in one place, which makes the whole blockchain much more convenient to use.
Step Finance offers a number of features and products, such as its dashboard, swaps, liquidity pools, NFT gallery, charitable donations, compound return farms, the ability to monitor the ecosystem for new yield opportunities, etc.
Advantages of Step Finance (STEP)
Now that we’ve seen what Step can do for the Solana ecosystem, let’s see what it can really offer you, the user. There are several things to note here, such as:
As the front page of Solana, Step Finance allows users to view, analyze, execute and aggregate transactions across Solana. It is a portfolio management dashboard and trade aggregator that allows users to monitor their tokens associated with thor portfolios, staked yield farms, LP positions, margin positions, etc. . In other words, it gives users the ability to see and do everything, all from one place, instead of having to navigate the entire blockchain to reach different points and perform certain actions and on-site activities.
Execution of trades
Another advantage of the project is that its users can also run swaps. The project makes it extremely easy to do, as it offers a Swap page in the left sidebar of its dashboard. Once users click on it and ensure they have a certain amount of SOL (since all blockchain swaps and interactions must be paid for in SOL), they can proceed to the Swap or Liquidity tabs. Obviously, trading is done in the Swap tab, where users can choose which coins they want to trade between.
After that, all they have to do is enter the amount to be exchanged, and they will get an exchange rate and an estimated received amount. These figures may not be extremely precise and accurate, and the real situation will only be known after the transaction is confirmed, which users should keep in mind.
Finally, Step Finance also allows users to participate in various DeFi activities, such as yield farming, liquidity provision, and staking, which are well known and rather popular throughout the DeFi industry. These activities allow users to lock in their extra coins and tokens and keep them locked in for a period of time. As a reward, they receive a payment in tokens, which can then be used to increase their stake, or it can be withdrawn and converted into another crypto or fiat currency and spent in another way.
How does Step Finance (STEP) work?
Step Finance is a project that aims to be the front page of the Solana ecosystem. It allows users to track everything happening on the blockchain, such as tracking complex balances and positions on a wide range of Solana-based projects, participating in DeFi activities, trading tokens, and more. – all of this is done from one place. As such, it boosts transparency, it encourages and incentivizes building on Solana, and it even allows users to view NFTs in their own galleries.
The project is a great addition to Solana’s blockchain. While Solana has already done wonders in terms of infrastructure, there is always room for improvement, and Step Finance does just that – complementing Solana in the best possible way.
How to buy Step Finance (STEP)
Step Finance (STEP) is available on the following exchanges:
Gate.io – This exchange was established in 2013 and is one of the most popular and reputable exchanges. Gate.io currently accepts US residents (excluding New York and Washington State).
Kraken – This is one of the most reputable exchanges for US and international residents to buy STEP.
Step Finance (STEP) — The front page of Solana
As blockchain development continues, different projects have sought ways to become more technologically capable, but also to become more user-friendly. Solana has become one of the most scalable blockchains in the industry. Now, thanks to Step Finance, it also becomes one of the most transparent and convenient blockchains to use for whatever project Solana users are interested in.
On top of that, it also aims to make the experience rewarding for Solana, as well as its own users, which is why we think it’s a project worth looking into if you’re looking for a new opportunity to invest in.