Kujira: Future of Finance (DeFi)

The financial sector has been going through a tumultuous time lately, with various factors contributing to an overall sense of uncertainty and instability. One of the biggest issues facing the sector right now is high inflation, which is causing prices to rise rapidly and making it harder for people to afford basic necessities like food and housing. This is further compounded by high interest rates, which are making it more difficult for individuals and businesses to borrow money and invest in their futures.

Insolvent Traditional Banks

Adding to the uncertainty is the fact that many banks are facing a shortage of reserves, which is putting them at risk of insolvency. This has led to concerns about the possibility of a bankrun, where customers rush to withdraw their money before the bank goes bankrupt. One bank that has been in the news recently in this regard is the Silicon Valley Bank, which has faced mounting pressure from customers to address its lack of reserves and address concerns about its financial stability.

Centralized vs Decentralized Finance

Centralized money has come under scrutiny in light of these issues, with many people arguing that it is not a sustainable system in the long run. This has led to a growing interest in decentralized finance (DeFi), which is based on blockchain technology and allows for greater transparency and security in financial transactions. DeFi is seen as the future of finance, as it allows for more democratic control over financial systems and greater flexibility in terms of borrowing and lending.

A decentralized economy needs decentralized money

Overall, the current state of the financial sector is certainly cause for concern. However, there are also reasons to be hopeful, as new technologies and approaches are emerging that could help to address some of the underlying issues. Whether it’s through DeFi or other innovative solutions, there is no doubt that the future of finance will be shaped by those who are willing to think outside the box and embrace new ideas.

Team Kujira – DeFi – Real Word Adoption – Blockchain

One of the projects that think outside the box is Team Kujira. Kujira is building a real yield, inflationary DeFi hub and other developers are onboarding the ecosystem. Kujira has an overcollateralized stablecoin called $USK and the team is building a Do-It-Yourself (DIY) stablecoin platform to allow easy creation and backing of new (decentralized) stablecoins for any other currency than USD. What’s more is that there is a money market coming up called Ghost. This allows with FX Perps style trading and should bring high volume and liquidity to the ecosystem. This is all going to be easily accessible through SonarWallet. Sonar is a revolutionary wallet-app, that brings DeFi to the real world and makes users not even realize that they are using the blockchain, while doing their finances, investing, saving or just payments. In late 2023, we might be able to directly pay at shops with a KujiCard, as Interview with Kujira founder Dove.

1. Read Littlebunny1899’s Tweet to read about the future growth plans and ambition of Kujira.
2. Read the Kujira timeline to read updates on their projects. It’s going to be a gamechanger.

The insolvency of the Traditional Financing sector has become more visible than ever before. People are fleeing into Bitcoin and other crypto. A true, decentralized solution is needed, more than ever before. Kujira shapes that future. #Kujira $KUJI $USK