A new decentralized finance (DeFi) known as Crypto Asset Governance Alliance (CAGA) launched earlier this month. The project seeks to promote a decentralized financial future through transparency, inclusivity, and innovativeness.

CAGA was listed on CoinMarketCap on November 13, with a price of $0.00001411. Since then, the token has seen a 5925% growth, which brought its price to an all-time high of $0.00097. CAGA was trading at $0.00096 at 07:01 EST.

CAGA seeks to empower decentralized governance, support staking and promote a friendly DeFi environment. The bullish behavior since the launch shows positive reception by the DeFi community.

The project said,

The innovative, transparent, inclusive, and rewarding approach to DeFi taken by CAGA Crypto is the reason behind the excitement surrounding its launch.

CAGA offers staking rewards that bring together engagement bonuses and investment returns. The dual reward structure makes CAGA stand out from other staking platforms.

CAGA’s DAO organization was also created with a dynamic model, where the Crypto Asset Governance Alliance framework returns authority to the community through a democratic commitment.

The project’s whitepaper notes that its governance framework is designed with a safety net that will ensure that its integrity and long-term sustainability remain guaranteed. 

Treasury management is transparent, open, and promotes honesty in order to inspire trust in the DeFi sector, allowing the project’s members to monitor Treasury operations in real-time. 

CAGA also offers liquid staking, which enables governance participation and CAGA rewards earnings without the necessity to lock up the crypto coins. This feature brings liquidity and simplicity in asset management. Further, the project also supports ETH staking.

CAGA crypto also demonstrated a strong focus on security in the face of growing hacks in the DeFi space. According to CAGA, it guarantees a “secure DeFi experience for every one of its users.”

The project is also focused on user education to empower the community. It educates the community on the latest trends and how they can make informed investment decisions.

The Crypto Asset Governance Alliance project, even in its early days, had an extensive roadmap, promising the future of service expansion and innovation. It has closely followed this roadmap since it was created to promote trust in the community.

CAGA also offers a number of benefits, including liquidity through liquid staking tokens, clear and transparent governance, enhanced security and transparency, community-centric development projects, as well as cross-chain interoperability with other protocols. The latter is still something that lies in the project’s future.

Recently, CAGA announced the pre-launch of the CAGA token on Uniswap. The project might also see multiple CEX listings in the near future. Such listings could see the CAGA token explode in price.

For now, Ethereum’s largest DEX, Uniswap, is the best place to trade CAGA crypto. The token can be stored in any crypto wallet that supports ERC-20 tokens.

The post CAGA DeFi project launches to promote Decentralized Governance appeared first on Invezz

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