What Is Defis?
DeFis Network describes its mission as to build an open financial network based on blockchain technology. It is claimed that in DeFis Swap, users can freely create trading pairs between any two currencies and inject liquidity to build an effective exchange market. It is further claimed that according to their proportion of the injected liquidity funds, liquidity providers share the transaction fee revenues generated by the transactions fairly. All these processes are claimed to be transparent and decentralized.
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DeFis Storage Key Points
|Circulating Supply||370,848.00 DFS|
|Source Code||Click Here To View Source Code|
|Explorers||Click Here To View Explorers|
|Twitter Page||Click Here To Visit Twitter Group|
|Whitepaper||Click Here To View|
|Official Project Website||Click Here To Visit Project Website|
Features and Protocols Overview
DeFis Coin bank allows users to mortgage crypto assets through smart contracts to issue universal settlement stablecoin USDD which exists entirely on the blockchain. Compared with DAI’s lending paradigm, it’s called saving paradigm. It is designed to make the collateral 100% safe and at the same time users enjoy the benefit of staking income from the relevant public blockchains. It is a fully on-chain, transparent and decentralized central bank created and owned by all users and minters together.
Swap allows users freely create trading pairs between any two crypto assets and inject any liquidity fund to form an high efficiency trading and exchanging market. According to the proportion of the injected liquidity fund, users can fairly share the transaction fees (currently 0.2%) generated by the trading pairs. It is a fully on-chain, transparent and decentralized exchange created by all users and traders together.
DeFis credit allows users to borrow crypto assets through public credit pool using another assets as mortgage by paying an interest rate, or to lend crypto assets by earning an interest rate. Algorithm ensures the marketization of the interest rate. Every user can supply liquidity to credit pool to fairly share the interest that borrowers pay. Credit will ensure the security of assets in the pool, clearing and settlement is in real time including insufficient mortgage.
Let users from every corner of the worldenjoy safe and equal financial services
Traditional financial infrastructures are isolated and fragmented from each other due to cultural differences and geographical restrictions governed by sovereignty. An open financial network based on blockchain technology will bring revolutionary changes to traditional financial infrastructure. This network can break down international financial barriers, collect global liquidity, create network effects, and create currency and financial programmability on a global scale.
DFS tokenUsed for trading, community governance, liquidity incentives, dividends of protocol fees revenues, staking, issuing and generating assets, etc.
DeFis Coin by integrating a series of DeFi protocols, DeFis Network will create a powerful network effect in decentralized finance field in the future. The platform coin DFS will continue to capture the value generated by these DeFi protocols. DFS holders will continue to receive dividends from protocol fees. Through smart contracts, dividends are automatically executed, so that each holder can share the dividends of DeFis Network development fairly.
Shall the finance of the people, by the people and for the people, perish from the earth? The answer is no, more importantly, the finance of the people, by the people and for the people is the basis of the cause that mankind has been fighting for generations. But for more than 1.5 centuries, worldwide inequality of the finance system has been plundering people’s fortune and destroying people’s equal rights to benefit from the finance system that people all around the world have been building up together.
DeFis aug 2020, the founding team of DeFis Network, a small group of innovators, decide to tackle this problem and fundamentally change the inequality of the finance system. In the new design, any transaction made in finance system is a measurable value and contribution to the growth of the system that should be fairly rewarded by the system.