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Clover Finance (CLV)
4.77%
$ 0.014634
$ 0.000698
⇣ 0.013579
13 Oct
⇡ 0.014763
What is Clover Finance (CLV)?

The Clover Finance (CLV) project, created by Viven Kirby, Norelle Ng, and Burak Keçeli in May 2020, went live with its mainnet in July 2021. Also known simply as Clover, Clover Finance is a blockchain operating system. As a DeFi service platform, Clover promises to provide an easy-to-use blockchain infrastructure for substrate-based applications and a framework compatible with the Ethereum virtual machine (EVM).
Clover is one of the products of the Polkadot parachain. Its aim is to address compatibility and scalability issues that arise while creating and operating blockchains.
The utility token of Clover is CLV. The maximum supply of CLV will be 1,000,000,000 CLV tokens.
How does Clover work?
Clover Finance defines itself as a blockchain operating system and offers more than just a single service to its users. CLV includes four layers of DeFi protocols and an eApp layer. These are the storage layer, smart contracts layer, DeFi protocol layer, and eApp layer.
The storage layer enables distributed storage of dApp data. Supported protocols include IPFS, AR, and CRUST. The smart contracts layer supports the cross-chain distribution of contracts through a Web 3.0 compatible API. Thanks to the smart contract layer, existing Web 3.0 compatible dApps can be transferred to Clover without any modifications. The DeFi protocol layer offers basic DeFi protocols to Clover users, such as exchange, lending, and insurance. Moreover, developers can create their additional DeFi protocols on Clover. The eApp layer provides developers with the opportunity to easily build their eApps without needing hardware, domain names, or network bandwidth.
What are the advantages of Clover?
Clover is easily and quickly accessible. You don't need to register or undergo any verification process to access Clover.
Clover prioritizes reliability and privacy; it offers peer-to-peer trade capabilities. This means that transactions between two accounts cannot be stopped or controlled by anyone. There is no single governing body managing the Clover system; CLV token holders have a say in the system. The funds you own are entirely under your control. Clover does not store any personal information and guarantees the anonymity of the individual.
Being a Polkadot parachain, Clover offers its users the chance to perform cheap and fast transactions.
Undoubtedly, Clover's biggest advantage is its ability to provide scalable and cross-chain communication on the Polkadot network.
What is Clover Finance (CLV) Token?
Firstly, CLV is not a coin but a token. CLV is the utility token of Clover Finance. The CLV token is used in three main areas: governance, transaction fees, and network consensus.
CLV token holders have a say in the network's governance. They can influence decisions on network updates and more.
The CLV token is also used to pay for transaction fees within the network. It's possible to pay transaction fees on behalf of other accounts.
Users can stake their CLV tokens by running a validator node or through a candidate PoS. Thus, CLV tokens allow users to participate in network consensus.
How to buy CLV?
In Turkey, buying Clover (CLV) with Turkish Lira is much easier and faster than expected. You can buy CLV without needing any technical knowledge or official documents.
Clover Finance (CLV)
4.77%
$ 0.014634
$ 0.000698
⇣ 0.013579
13 Oct
⇡ 0.014763
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