DeFis Network - a blockchain-based open financial network that integrates the DeFi series of decentralized protocols.
Contents:
Description of DeFis Network
A mission of the DeFis Network - to create an open financial network, based on blockchain technology. This enables people around the world to enjoy safe and equal financial services.
This will break down international financial barriers, improve global liquidity and create network effects and opportunities for currency and financial programming. Based on blockchain, the company is creating better currencies, banks, safe lending platforms and a better future, so that everyone in the world can enjoy the safety and convenience of digital currencies anytime, anywhere. The goal of the platform - to become the world's first integrated open financial network project.
Platform capabilities
DeFis Bank allows users to provide crypto assets to receive a single settlement currency, connected to crypto assets. JIN - a price-stable value accumulator that exists entirely on the blockchain and provides a risk-return structure. It is a decentralized bank that issues currencies with crypto assets and uses smart contracts to ensure that the minimum savings have a fair distribution.
What else do you have:
| DeFis Swap liquidity protocol | Users can freely create trading pairs between any two currencies and inject liquidity to create an efficient exchange market. According to their share of invested liquidity funds, liquidity providers distribute transaction fee income fairly. All these processes are transparent and decentralized. |
| DeFis Lend lending protocol | In this lending platform, users can choose to deposit tokens with interest or over-collateralizing their token to provide another token. The platform will ensure the safety of users' funds and ensure the timely elimination of under-collateralized users through a real-time elimination interface. |
By marking the DFS platform, users can pool a variety of high quality real-world resources. It should be noted that a counterparty is not required to complete the transaction. During a transaction, the synthetic assets you sell are automatically converted to a short version of that asset, which means virtually unlimited liquidity.
DeFis Network Economics
DFS - a DeFis Network platform token that is similar to MKR in MakerDAO and COMP in Compound, but its functions are not limited to management and interest payments. DFS is mainly used for:
- operations;
- voting control;
- liquidity incentives;
- mining transactions;
- cooperation operations;
- dividend rates;
- creation of synthetic assets.
Through the integration of the DeFi series of protocols, the DeFis network will create a powerful network effect in the field of decentralized finance in the future. The platform's DFS token will continue to capture the value, generated by these DeFi protocols. DFS holders will continue to receive dividends from protocol fee income. Dividend distribution is done automatically through smart contracts, so that each DFS holder can share their development benefits fairly. As a DFS owner, you can join and participate in the DeFis community.
Additional information
To get answers to your questions, you can contact technical support in Telegram. Now there is no White paper on the platform, but in Telegram you can find out when it will appear on the platform, as well as about promotions and competitions of the project.