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As Ripple (XRP) and Cosmos (ATOM) investors look for fresh opportunities amid regulatory and ecosystem developments, the new decentralized lending protocol Kelexo (KLXO) emerges with the potential for huge gains.
The Easter holiday brings with it tidings of hope and optimism and that’s exactly what a growing number of Ripple (XRP) and Cosmos (ATOM) holders see in the promising launch of a new decentralized peer-to-peer lending protocol.
Kelexo (KLXO) is making waves in the decentralized finance (defi) sector and taking directly on the leading lending protocols with its unique lending marketplace solution. The Kelexo marketplace is expected to bring crypto lending to a wider audience and onboard the next wave of defi users in the coming years.
Ripple trades sideways as SEC pushes for hefty penalty
Ripple retook the $0.63 ahead of the Easter celebrations, even as the United States Securities and Exchange Commission pushed to impose a $2 billion fine on Ripple Labs. Moreover, the regulator asked the courts to prevent Ripple Labs from selling the Ripple token to institutions.
There is a silver lining, however: the SEC brief appears to have included ALL Ripple sales to institutions, instead of just institutions in the United States. This could open the door to Ripple Labs mounting a serious legal challenge to oppose the fines and the request to prohibit Ripple token sales.
Defi activity on Cosmos ramps up
Cosmos is home to one of the defi ecosystems on the rise, as evidenced by the rise of decentralized exchange Osmosis (OSMO), which, according to crypto intelligence firm Santiment, was the most actively developed defi protocol in the past months based on the number of commits on its GitHub page.
Moreover, the Cosmos-based DEX saw its total locked value and overall trading volume rise on a constant uptrend from October 2023 to March 2024. The activity can be linked to airdrop farming on Cosmos blockchains, through projects like Celestia (TIA) and Dymension (DYM), which have unlocked millions of dollars worth of airdrops for dedicated Cosmos fans.
Kelexo primed for a huge boost
Easter celebrations represent rebirth; and in 2024, defi is certainly on the verge of a major renaissance. With the total locked value in all defi protocols already smashing past $100 billion even as the real bull market is yet to begin, the money is expected to be in inventive protocols with a legitimate shot at mass adoption.
Thus far, Kelexo has emerged as one of the leading new defi protocols with the launch of stage 2 of its presale.
Kelexo seeks to bring changes within the lending protocol space by introducing a peer-to-peer lending marketplace, a new approach compared to traditional platforms like Aave (AAVE), which have encountered challenges in reaching a broader audience. Kelexo’s model facilitates direct connections between borrowers and lenders, streamlining the process of matching loan requirements with lender preferences without the need for extensive KYC procedures, high fees, or delayed transactions.
To learn more, visit the Kelexo presale or the website.
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