About Offshift (XFT)
Offshift (XFT) Barely more than a decade into its existence, the landscape of cryptocurrency is already well distanced from its origins as an obscure hub for experimental ventures in cryptography. Now in 2021, the broader crypto-space has landed a full-time spot in the geopolitical and socioeconomic mainstream, making regular appearances on MSNBC and a number of other prominent news networks, and receiving significant interest from the likes of financial institutions and investment gurus, not to mention government authorities and regulatory agencies looking to crack down on any and all facilitators of anonymous exchange
Offshift (XFT) In lockstep with their reputations, cryptocurrency protocols themselves have also undergone a radical transformation in recent years, catering to a wide array of unprecedented use cases and financial models. Collectively classified under the DeFi (Decentralized Finance) umbrella, these experimental applications grant users access to a vast expanse of innovative financial services never before seen in human history.
Offshift (XFT) The only drawback: crypto’s newfound development direction has left its privacy-centric origins on the sidelines; today, users must choose between exploring the cutting-edge tools at the forefront of cryptocurrency innovation OR resort to standalone blockchains whose native assets confer privacy as an exclusive feature. Simply put, privacy now comes at the expense of virtually everything else the modern and rapidly evolving crypto-space has to offer
Offshift (XFT) Storage Key Points
|Circulating Supply||709,902,293.76 DAPP|
|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|
Experimental Use Cases
Applications The recent emergence of the DeFi movement and its breadth of groundbreaking applications is emblematic of the unrivaled innovative potential and development pace that is native to the crypto-space. From various staking models and decentralized lending and borrowing services to synthetic asset generation and non-fungible token (NFT) minting.
DeFi applications offer users an endless stream of opportunities to leverage the liquidity vested in their crypto-assets, contribute and access otherwise dormant capital, and of course, farm yields. The budding DeFi space made a precipitous ascent to the forefront of the crypto-asset space in the summer DeFi wave of 2020, and although it has since cooled off, cryptocurrency’s largest market segment is now gathering steam for a major surge in 2021.
Stress Trading Features :
Offshift’s proprietary Shifting mechanism allows users to Shift between our native token, XFT, and a full palette of zkAssets
Emerging Authoritarian Regulatory Presence
As cryptocurrencies have enjoyed newfound popularity in the mainstream, so too have they drawn increased attention from governments and regulatory agencies, whose constituents are preparing to integrate cryptocurrency frameworks into existing financial infrastructure, where users can be identified and transactions surveilled via Know-Your-Client (KYC)
1:1 COLLATERAL Over
Collateralization is not capital-efficient, and unnecessarily limits liquidity access for users. On Offshift, you get what you burn – dollar-for-dollar, sat-for-sat.
ELASTIC SUPPLY MODEL
The XFT supply self-balances to account for price fluctuations, relegating margin calls and liquidations to nuisances of the past.
No order books, no liquidity concerns, zero slippage. It’s that simple: Shift stress-free.
Siloed Privacy Technologies
Fortunately, neither cryptocurrency’s newfound development initiatives nor governments’ encroaching authoritarianism has been able to sap the space’s original ingenuity; many cryptography specialists remain dedicated to the prerogative of personal privacy in property ownership and exchange. However, these groups and the projects they develop and maintain largely comprise standalone blockchains whose native assets confer privacy as an exclusive feature. While they allow users to store and transact their wealth securely and privately.
Monero, Zcash, and the rest of the privacy coin community inherently withhold users from engaging the innovative applications of cryptocurrency’s emergent DeFi segment, as their siloed, standalone blockchains are integral to their privacy-centric value propositions. What’s more, their standalone nature renders them vulnerable to being easily sidelined by on/off-ramps such as exchanges that cave in to pressure from authorities – Bittrex’s decision to delist XMR, ZEC, and DASH being the most recent example.
The Bottom Line
Throughout 2020 and into 2021, the DeFi umbrella has expanded convincingly over the landscape of cryptocurrency, attracting investors and enthusiasts whose preferences speak for themselves: DeFi’s double-digit APRs and seamless user experience are simply more seductive than the subtle, systemic benefits conferred by privacy-centric exchange. And who can fault users – for as long as the benefits of DeFi remain at odds with the prerogative of personal privacy, the former will continue to grow at the expense of the latter.
It is no longer a broad lack of awareness that holds back public interest in privacy, but a current of ever-expanding trade-offs that individuals must forfeit in order to retain it. For privacy to become an intrinsic characteristic of our future systems of exchange, it must be released from its burden of mutual exclusivity; only then can it take the form of a universally adaptable feature – a virtually costless accessory of sorts.