Gorilix (SILVA) up +45% whilst Ethereum (ETH) and Polygon (MATIC) begin to recover – CryptoMode

Although Gorilix DeFi’s native token, SILVA, has only been on the market for a couple of weeks, it’s already showing promise whilst the markets have spent the last few weeks in a downturn, SILVA is up +45%, showing gains some big crypto players are currently dreaming of. Although in the previous 24 hours, Ethereum (ETH) has bounced back by +6.07%, over the last week, its losses are presently 11%, with the 30-day price seeing a drop of -42.84%. Polygon (MATIC) has produced similar returns with 11.18% gains in 24 hours coming on the back of a 10.79% weekly loss and a 30-day hammering which saw the price drop 39.10%.

It shouldn’t surprise many that SILVA has been performing well since its presale launch on June 1, 2022. SILVA is the crypto child of the rapidly growing Gorilix DeFi platform. Gorilix DeFi puts decentralised banking in the hands of anybody with access to a smart device. With the ability to lend, borrow, trade, and save assets to build a maximised portfolio, Gorilix DeFi allows users to become their own banks with the click of a button. Gorilix’s protocols allow seamless lending by aggregating user supply and creating smart contracts and easy borrowing without the hassle of negotiation, funding periods, or maturity dates.  

Apart from being its native token, SILVA plays a massive role in the Gorilix DeFi equation. Users of the platform are rewarded with SILVA tokens on tokens they already own in their wallets. The interest earned can amount to almost 20% APY, which is massive compared to the average savings account APY, which sits at around 0.07%. Not only do SILVA holders earn assets from tokens users already have, but they also choose how the Gorilix DeFi functions. SILVA acts as a governance coin in the Gorilix DeFi ecosystem, allowing holders to debate, propose, and vote on changes to the protocol. 

Besides SILVA, Gorilix has a wealth of things in its ecosystem. Looking at their roadmap reveals the depth of planning going on to build their platform up to the best it can be. Their development roadmap consists of 8 well-planned phases. Their current phase, Phase 1, deals with the Presale of SILVA to jumpstart the rest of the progress. Over the next few months, Gorilix will begin a SILVA IDO, create an NFT Marketplace for their 1950 SILVA Kong NFT collection, start an exchange, develop a lending and borrowing platform, expand the DeFi Tools & Utilities, delve into multi-crypto assets staking and finally begin a mega farming market on the exchange. 

If you’d like to influence Gorilix’s roadmap and make early use of their DeFi platform, check out gorilix.io to get some SILVA before it’s too late. 

Whilst ETH and MATIC’s intraday gains show the market has begun to settle; it seems that the biggest winner during the broader market downturn was Gorilix (SILVA). In times like this, when the market can be volatile new tokens with unique functionalities, high growth potential, and a clear path for further development should be explored for those hoping to expand on or start a crypto portfolio. 

To buy your SILVA tokens, visit Gorilix.io.

To register for the presale: https://cabinet.gorilix.io/sign-up

To join the Telegram, Twitter & Instagram: https://linktr.ee/Gorilix

Always conduct proper research when dealing with pre-sales of currencies and tokens. The information above does not constitute investment advice by CryptoMode or its team, nor does it reflect the views of the website or its staff. 

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