Famous crypto trader and YouTuber Ben Armstrong says he expects a decentralized finance (DeFi) gem on his radar this year to explode.
In a new video, Armstrong says he’s looking at Frontier (FRONT), a little-known DeFi ore that has already built great partnerships and connections in the emerging industry to its 548,000 YouTube followers.
“Frontier is a chain-independent DeFi aggregation layer that is already connected to everyone. I mean all the major platforms and ecosystems in the DeFi space. Frontier brings the essential parts of DeFi to users on all these platforms. It has rewards for gas-free transactions, yield farming, NFT acquisition and creation, staking, management, and application efficiency.
FRONT’s Avalanche (AVAX), THORChain (RUNE), Solana (SOL), yearn.finance (YFI), Aave, Algorand (ALGO), Elrond (EGLD), Binance Smart Chain, Cosmos (ATOM), Band Protocol (BAND) ), Matic or Polygon now has agreements with AllianceBlock (ALBT), Kava, Harmony (ONE), Celo, Stafi (FIS) and more. Spoiler: Frontier will enter the Polkadot ecosystem through Stafi, meaning all its airdrops will be used by the entire DOT ecosystem. “
Armstrong also emphasizes that Frontier is working with US-based crypto exchange Coinbase to make DeFi accessible to 43 million users in 100 countries.
“Coinbase Wallet users can also track all DeFi portfolios and receive smart DeFi notifications. They can access Yearn.finance, exchange tokens and more in one place. Frontier is Coinbase’s magic wand that enables everything on DeFi with a few clicks. All projects supported by Coinbase will be connected to Frontier as it is a DeFi gateway platform. ”
The crypto trader and analyst adds that besides Coinbase, other major crypto companies, including Binance, FTX Exchange and Coingecko, support the DeFi project.
Frontier, with a market capitalization of around $ 78 million, could potentially earn 18 times the value of yearn.finance and reach $ 1.4 billion, according to Armstrong.