Crypto investor and YouTuber Ben Armstrong claims he plans to boom this year with a decentralized finance (DeFi) gem that is currently not popular.
Armstrong informs his 548,000 YouTube fans iin a new video that he is aiming at Frontier (FRONT), an obscure DeFi gem that has already inked major collaborations and ties in the burgeoning industry.
“Frontier is a chain-agnostic DeFi aggregation layer, which is already connected to all, and I do mean all of the major platforms and ecosystems in the DeFi space. Frontier brings essential pieces of DeFi to users across all these platforms. It has gasless transactions, yield farming, NFT acquisition and creation, staking, governance and rewards for app activity.. FRONT has partnerships with 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, AllianceBlock (ALBT), Kava, Harmony (ONE), Celo, Stafi (FIS), and more. Spoiler: via Stafi, Frontier will enter into the Polkadot ecosystem, meaning it will be used by all its parachains, the whole DOT ecosystem.”
Armstrong also points out that Frontier has indeed partnered with Coinbase, a US-based crypto platform, to make DeFi open to its 43 million customers in 100 nations.
“Coinbase Wallet users can also track their complete DeFi portfolio and get smart DeFi notifications, access yearn.finance, exchange tokens, and more, all from one place. Frontier is the magic wand of Coinbase, enabling all things DeFi in a few clicks. And if we jump even further down the rabbit hole, Coinbase’s ecosystem, all the projects backed by Coinbase will be connected to Frontier as it is the DeFi gateway platform.”
The crypto investor added that besides Coinbase, other big cryptocurrency businesses, like Binance, Sam Bankman-Fried’s Alameda Research, FTX Exchange, and Coingecko gems, are funding the DeFi venture.
“Now if we see three major exchanges, Coinbase, Binance and FTX supporting a project, all the biggest hedge funds backing it and every DeFi and scaling ecosystem partnered with it… It’s almost the same as picking the winning lottery ticket knowing you’ll win. The list of partnerships and integrations is absolutely endless. We haven’t seen, and I’m not underselling this here, we haven’t seen another project of this Caliber in DeFi.”
Frontier, which is currently at about $78 million in market cap, will theoretically print 18x returns to keep up to the $1.4 billion value of yearn.finance, as per Armstrong.
FRONT had a huge run of over 483 percent from $1.15 to its record peak of $6.71 in a period of 24 hours on February 17th. At the moment of publication, FRONT, as per CoinMarketCap, is valued at $3.39.