The emergence of new blockchain projects is fast becoming commonplace. New projects launch on different blockchains, bringing with them different use cases. While some of these projects failed to live up to their hype, others proved to be worth a second glance.
The Solana network currently plays host to some of the developing DeFi projects, and Hawksight is one of them. Furthermore, Hawksight aims to make DeFi accessible to users with 1-click automated investments and yield farming on Solana and Terra. Before exploring further into the Hawksight project, let’s take a look at why projects prefer to launch on Solana.
Why Solana?
Solana ranks among the top ten blockchain platforms by market cap, with a marketcap of $34.8 billion. In addition, Solana has a reputation for attracting blockchain developers to build on their platform. Also, Solana’s protocols are quick, reliable, and resistant to censorship.
On the other hand, it has a Byzantine Fault Tolerance (BFT) algorithm that ensures that a single node failure does not disrupt the operation of the entire network. Moreover, Solana employs a horizontal scaling strategy, where Cloudbreak arranges a database capable of reading and writing transaction input. These advantages outweigh the persistent network outages that Solana has for a project like Hawksight that is not reliant on network transactions 24/7.
What is Hawksight All About?
Hawksight is a non-custodial investment management and quantitative trading firm driven by AI. Furthermore, it aims to democratize data-driven investments by simplifying investment procedures for people. Also, Hawksight helps its users create or manage top-performing vaults and trading strategies in DeFi, NFT, crypto, and synthetic assets.
Additionally, Hawksight runs on both the Solano and Terra ecosystems. By leveraging Hawksight’s AI, crypto users no longer have to worry about how to improve returns or prevent losses. Furthermore, by assessing their portfolio, AI provides each user with a signal to purchase or sell.
🔑NFTs are key to expanding the adoption of DeFi. Debonair Degen Hawks is the most powerful DeFi-utility NFT on Solana, where holders get exclusive access to AI-driven trading signals & social signals, rarity-based $HAWK token airdrops, & boosted yield DeFi vault yields.
🧵7/10 pic.twitter.com/Fh7Z7PCbe9
— Hawksight | $HAWK IDO 21st April (@HawksightCo) April 9, 2022
Also, in a Twitter thread it shared, Hawksight called its platform the “super-app” for everyone. It wrote, “Hawksight is a DeFi super-app for Everyone. Passive Investors can deposit USDC to automate DeFi strategies. Or Active-Investors can access AI-driven trading & social signals. Plus, we are launching GameFi products to gamify and make DeFi more engaging for everyone.”
Moreover, it’s an easy-to-use yet powerful tool. In addition, the platform integrates with a variety of yield-farming protocols on Solana and Terra. Users only have to deposit USDC or UST, and Hawksight will invest in $SOL and $LUNA on their behalf while generating a profit-optimized yield. Furthermore, Hawksight allows users to withdraw their USDC or UST whenever they want.
What is Debonair Degen Hawks?
To make DeFi accessible, Hawksight launched its NFT collection known as the Debonair Degen Hawks. The DDH NFT collection is highly regarded in Solana due to its utility nature. Here are some perks of the Debonair Degen Hawks NFT:
- $Hawk airdrop based on rarity
- Access to AI-powered trading signals and NFT social signals for DDH and $Hawk token holders.
- Increased DeFi yield for Hawksight Solana and Terra vaults, as well as NFT staking rewards
- Revenue share from HawkDAO
The $Hawk Token
$HAWK is a non-refundable functional utility token used as that will be utilized as a decentralized means of exchange between Hawksight users. The token offers Hawksight’s users an efficient and safe method of payment.
Also, Hawksight distributes these rewards to incentivize users to participate in and maintain the Hawksight ecosystem. This will foster a win-win situation for all stakeholders. However, we encourage deep research before making any decision.
🤝You’re in good company. We are backed by the best in both Solana and Terra ecosystems. Our early backers, team, and contributors all have unusually long lock-up and vesting schedules to align everybody for the long-term growth of the $HAWK token and NFT ecosystem.
🧵9/10 pic.twitter.com/V0NNqRvS0C
— Hawksight | $HAWK IDO 21st April (@HawksightCo) April 9, 2022
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