PlasmaFinance

General information

Plasma Finance can be defined as a DeFi aggregator that provides many utilities. It can act as a portfolio management tool, provide access to liquidity pools, help with borrowing and lending crypto or act as an interface for investing, storing and managing DeFi tokens.

This tool introduced some new features for users that are accustomed to the space of APY, yield farming and liquidity provision. The PPAY token is a vital component of the Plasma Finance ecosystem.

Website	https://apy.plasma.finance/
App type	DeFi dashboard and DEX aggregator
Price	Free
Hardware compatibility	All browsers
Mobile app	No
Desktop app	No

Pros explained

• Utility Plasma Finance provides many opportunities. This tool provides an interface to invest, store and manage DeFi tokens; assumes the role of a portfolio management tool, and aids users with crypto lending and borrowing. Furthermore, it aggregates DEXs and swap platforms by providing a cross-chain asset swap. For more advanced users, it introduces ROI, APY, and liquidity provision options.
• Fiat support Plasma Finance makes it easy to buy and sell tokens as it supports bank accounts and payment cards. Partnerships with PlasmaPay, Ramp, and Simplex amount to the simplified process.
  
• Wide integration This tool supports a multitude of DeFi protocols such as Balancer, PlasmaSwap, Mooniswap, and SushiSwap.
• Versatile yield strategies By putting together liquidity pools, saving deposits, and DeFi assets within a simple user interface, protocols provide a variety of strategies to farm yield. Users are enabled to make more informed decisions.
  

Cons explained

• New and untested Plasma Finance is a relatively novel platform. Basically, it has not yet been tested and reviewed as much as other similar platforms on the market. Additionally, the PPAY token is not yet widely adopted so it may be difficult to use in particular circumstances.

Features

Plasma Finance’s main goal is to lower the barriers for those users who want to explore the DeFi space. It offers a variety of tools for both DeFi newcomers and enthusiasts to take advantage of divergent options.

It includes some interesting features. For example, Plasma Finance uses auto-calculations - the tool lists APY, and profit and loss for every option. Therefore, the need to manually calculate anything is removed.

Users have more than 100 liquidity pools to explore. They can choose their own ROI to maximise their earning with cross-chain support.