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 one at this time. This is an important feature of the project, as it has been attracting users who were leaving Ethereum, as well as those who were just arriving at the crypto industry ever since it was launched.

So far, it has over 160 projects running as part of its ecosystem, and many believe that this is only a beginning and that Solana could someday become one of the biggest projects in the entire crypto industry. However, Solana has a long way to go until it matures enough and until its ecosystem grows enough to take over the top positions from giants like Ethereum. Fortunately, Solana is not doing it alone, as it has a project dedicated to making it even more user-friendly.

The project’s name is Step Finance, and its goal is to become the front page of Solana’s entire ecosystem.

What Problems Does Step Finance (STEP) Solve?

Step Finance aims to solve a number of problems, or rather, to improve the way users see Solana. Along the way, it also improves certain aspects of the blockchain, such as:

Boosting the development of Solana’s ecosystem

The first thing to note is that Step Finance aims to fund builders on Solana’s platform. The platform is already targeted by users and developers alike due to its scalability, fast transaction processing speeds, and cheap cost of transactions. Add to that the fact that the project is funding builders, teams, and projects, especially the ones focused on data and analytics, as well as those that are making it easier to see what is happening on-chain, and users truly feel 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 stands an excellent chance to become one of the most intuitive blockchains in the industry.

Driving usage to the platform

Step Finance, and its token STEP, were created with unique tokenomics, specifically designed to drive usage of the platform, as well as for rewarding users and token holders. It can be used for executing transactions across many Solana contracts in one place, which makes the entire blockchain a lot more convenient to use.

Step Finance has a number of features and products, such as its Dashboard, swaps, liquidity pools, NFT gallery, charity donations, compounding yield farms, the ability to monitor the ecosystem for new yield opportunities, and more.

Benefits of Step Finance (STEP)

Now that we have seen what Step can do for the Solana ecosystem, let’s see what it can actually offer to you, as its user. There are several things to note here, such as:

Token monitoring

As the front page of Solana, Step Finance allows users to visualisse, analyse, executa, and aggregate transactions across all of Solana. It is a portfolio management dashboard and transaction aggregator that allows users to monitor their tokens associated with thor wallets, staked yield farms, LP positions, margin positions, and more. In other words, it grants users the ability to see everything and do anything, all from a single place, instead of having to navigate the entire blockchain to reach different points and conduct certain actions and activities on the spot.

Executing swaps

Another benefit of the project is that its users can also execute Swaps. The project makes it extremely easy to do, as it offers a Swap page on the left sidebar of its dashboard. Once users click on it and ensure that they have a certain amount of SOL (since all swaps and interactions with the blockchain need to be paid in SOL), they can proceed to Swap or Liquidity tabs. Obviously, swaps are done in the Swap tab, where users can choose what coins they wish to swap between.

After that, all that remains is to enter the amount to swap, and they will get an exchange rate and estimated received amount. These numbers may not be extremely precise and accurate, and the real situation will only be known after the transaction is confirmed, which is something that users should keep in mind.

Claim rewards

Finally, Step Finance also allows users to participate in various DeFi activities, such as yield farming, providing liquidity, and staking, which are well-known and rather popular throughout the DeFi sector. These activities allow users to lock up their extra coins and tokens, and keep them locked up for a certain period of time. As a reward for doing so, 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 be spent in some other 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 keep track of everything that is going on the blockchain, such as to track balances and complex positions across an extensive range of Solana-based projects, participate in DeFi activities, swap tokens, and more — all of which is done from a single 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 an excellent addition to Solana’s blockchain. While Solana already did wonders in terms of infrastructure, there is always room for improvement, and Step Finance is doing just that — complementing Solana in the best way possible.

How to Buy Step Finance (STEP)

Step Finance (STEP) is available on the following exchanges:

Kraken – Founded in 2011, Kraken is one of the most trusted names in the industry with over 9,000,000 users, and over $207 billion in quarterly trading volume.

The exchange offers trading access to over 190 countries including Australia, Canada, Europe.  While Kraken accepts residents of the United States (Excluding New York & Washington state), access to Step Finance (STEP) is restricted.

Gate.io – This exchange was established in 2013, and is one of the more popular & reputable exchanges. Gate.io currently accepts most international jurisdictions including Australia & the UK.  USA & Canada residents are prohibited.

Step Finance (STEP) — The front page of Solana

As blockchain development continues, different projects have been looking into ways of becoming more technologically capable, but also into becoming more user-friendly. Solana became one of the most scalable blockchains in the industry. Now, thanks to Step Finance, it is also becoming one of the most transparent and convenient blockchains to use, regardless of which project Solana users are interested in.

In addition to that, it also aims to make the experience rewarding for Solana’s, as well as its own users, which is why we believe that it is a project worth looking into if you are looking for a new opportunity to invest in.