✔️Decentralized Finance Solution for Wealth Management

DeFi protocols will be integrated with the SMAT ecosystem, through interacting with oracles and API from the backend (Ahmadi et al., 2022). By complementing DeFi solutions and the encoding of traditional assets with tokenization, SMAT will become one of the main players in the second DeFi transition, DeFi 2.0 (Treleaven, Greenwood, Pithadia and Xu, 2022). Community members will also have access to DeFi Protocol, which include staking, lending, liquidity pools, and collateralized loans. SMAT’s underlying blockchain infrastructure is the Ethereum blockchain, with Polygon used as a Layer 2 Solution. Ethereum provides SMAT with high security to ensure assets are safe, while Polygon enables scalability, significantly reduced cost and higher speed (Coinmarketcap, 2022). With this implemented, community members will have access to DeFi Protocol including staking, lending, liquidity pools and collateralized loans, without incurring high gas fees. In addition, members will be incentivised to stake SMAT Tokens with rewards, creating a value-adding ecosystem of DeFi services.