Chainge Finance offers solution to Protect Stakeholders during Debt Restructuring Process



New York, NY, United States, 17th Aug 2022, Chainge Finance proposes decentralization as an answer to those stakeholders using centralized finance (CeFi) that have been affected by bankruptcy, acquisitions, and debt restructuring. With users and investors facing things like frozen withdrawals and bankruptcy hearings, a process is needed to protect these people from additional financial burdens and stress. Decentralized Finance can address this issue, namely through the use of Chainge’s unique and innovative technology.

DJ Qian, founder & CEO of Chainge Finance said “The best and most logical way to address this issue (and any future ones) is to achieve decentralization together. Moving assets to another centralized entity wouldn’t make sense as the key issue is the users’ ownership rights over their assets. Decentralized finance is the ultimate solution. Secure and reinforced by code. Not promises.” 

The move to decentralization would allow users full ownership over their assets and would also reduce overall losses. As a leading decentralized finance platform, Chainge will make efforts to protect the interests of users who have suffered losses during these types of events and to try and avoid the same, or similar, things happening again in the future through the use of (DeFi) decentralization technology.

Not only do decentralized tools imply a way to prevent centralized entities from taking custody of a users’ assets in the future, but they also provide an on-the-spot, secure, efficient, and straight-forward method to return assets to victims who deserve to be made whole again without fearing the risk of yet another centralized entity managing their funds through the process. 

Decentralization (as opposed to centralization) has undeniable advantages when it comes to trust and transparency. This comes down to the fact that the user is the one in control of their own assets. This means that there is no risk of losing ownership of the assets since only the user can access them. These assets will continue to exist on the blockchain no matter what, ensuring that secure management of these assets can be met while maintaining transparency. This also reduces the risk of asset mismanagement, human error, and mal-intended use.

With recent announcements such as pauses to withdrawals & transfers from particular CeFi entities, millions of investors have been affected. While market conditions play a large role in this, the infrastructure of CeFi is not established to support this amount of pressure while maintaining stability. As the most liquid web3 trading venue on the market and a forerunner in decentralized tech innovation, Chainge provides a viable and effective solution to these unfortunate instances.

As a leading DeFi utility app, and the most liquid cross-chain aggregator on the market, Chainge Finance is in a unique position of minimizing future damages. Through the use of DeFi, along with Chainge’s innovative technology, protection of users and investors can be achieved while ensuring prevention of loss.

About Chainge Finance:

Chainge Finance is a next generation DeFi app that stands as the most liquid web3 trading venue on the market, with over $70bn in aggregated liquidity. Chainge provides various cryptocurrency management tools such as a cross-chain wallet integrating 27 EVM & non-EVM compatible chains – so that users can seamlessly swap, send and receive crypto assets across networks – an Escrow Module, a top DEX Aggregator, a Futures DEX, and the very first decentralized Options DEX, all powered and secured by the innovative Fusion DCRM technology.

Social Contact:

Change Finance App:





Media Contact

Organization: Chainge Finance

Contact Person: Jill Moss

Email: Send Email

State: NY,

City: New York

Country: United States


The post Chainge Finance offers solution to Protect Stakeholders during Debt Restructuring Process appeared first on King Newswire.

Information contained on this page is provided by an independent third-party content provider. Binary News Network and this site make no warranties or representations in connection therewith. If you are affiliated with this page and would like it removed please contact [email protected]


Bay Area’s hottest upcoming producer

San Jose, California, United States, 20th Jul 2022, Raphael Snell, better known as Ralphieerocks, is a music composer from Cincinnati, Ohio – currently based...

NURITOPIA Presents Its Transformational Metaverse for Social Dating

Seoul, South Korea, Sep 5, 2022, ZEXPRWIRE, NURITOPIA has recently presented its ambitious plans for a transformational metaverse to serve as a social dating...

1xBit Casino Adds BNB To Supported Cryptocurrencies

Bitcoin Press Release: 1xBit casino announces support for the use of the Binance Coin (BNB) cryptocurrency on its betting platform.  10th December 2020, Limassol, Cyprus,...

Instafollow Offers Services to Increase Visibility on Instagram

California, US, 28th May 2022, ZEXPRWIRE, Instafollow understands that businesses need to be visible on many social media platforms, and Instagram is one of...

Authority Magazine Interviews Thomas Smith, President of All Year Cooling and Heating

Coral Springs, FL, 16th September 2022, ZEXPRWIRE, Thomas Smith, the president of All Year Cooling and Heating, was featured in Authority Magazine in an...