DEX decentralized Finance

1. Defi, also known as open finance, refers to the financial application ecosystem created with the help of blockchain network (especially Ethereum)
users in the defi ecosystem have complete control over the assets and participate in the defi with the help of P2P network and DAPP
advantages of defi
the popularity of defi is inseparable from its unique advantages. Defi mainly includes:
1. Open loan agreement
compared with the traditional credit structure, open and decentralized loans have many advantages, including integration of digital asset lending, digital asset mortgage, real-time transaction settlement and novel secured loan methods, no credit check, standardization and interoperability. The purpose of secured lending using open protocols such as maker and Dharma is to rece the risk of counterparties without intermediation by relying on the minimum amount of collateral provided by Ethereum
2. Issuance platform and investment
famous securities issuance platforms such as polymath and harbor provide the framework, tools and resources for issuers to issue marked securities on the blockchain. They have prepared their own standardized token contracts for securities (i.e. st-20 and r-token), which are unique in terms of automatic compliance and customizable transaction parameters and can meet regulatory requirements. Similarly, they are integrated with service providers (e.g., broker dealers, custodians, legal entities, etc.) to assist issuers in issuing
3. Decentralized forecasting market
decentralized forecasting market is one of the most attractive components of open finance, which is highly complex but has great potential. August launched the anti censorship forecast market last year, and other platforms like gnosis began to follow suit. Forecasting market has long been a popular financial tool for avoiding risks and speculating on world events, and decentralized forecasting market can also do this
4 exchanges and open markets
exchanges in open finance mainly consider decentralized exchange (DEX) protocol and P2P market. First of all, DEX is a P2P asset exchange between two parties on Ethereum, in which no third party acts as an intermediary, such as coinbase or other centralized exchanges. DEX also uses some highly innovative methods to exchange tokens, such as atomic exchange and other unmanaged methods, to exchange one asset for another with minimal settlement time or risk. The most popular DAPP in Ethereum is the decentralized exchange IDEX. Although many "DEX" claim that they are indeed decentralized or unmanaged, be careful before using them. The P2P market on Ethereum has great long-term potential, and may eventually cover the market of local digital assets and marked real-world assets
5. Stable currency
stable currency is booming in the digital asset market by issuing warrants, auditing its reserves and managing its price linked new model. Stable currency is just a token issued by the blockchain, which aims to keep a stable link with external assets (mainly US dollars, gold or other assets). The stable currency of encrypted mortgage includes Maker & # 39; S Dai, where the underlying asset (e.g., ETH) is over mortgaged relative to the borrowing asset (DAI) according to the current mortgage rate. So far, stable currencies backed by legal tender are the most popular because of regulatory compliance and no audit risk, such as tether, usdc and Gemini dollars
disadvantages of defi
on the one hand, the development of defi is restricted by the performance of the underlying public chain. The current defi project is mainly built on the Ethereum network. At present, the performance bottleneck of Ethereum is relatively prominent, and there is still a long way to go to break through the bottleneck. Under such a situation, those projects with high performance requirements will be in an embarrassing situation. On the other hand, compared with traditional financial procts, decentralized financial projects are much more difficult to use and have higher cognitive requirements for users, which will also greatly affect the development speed of defi. In addition, the roller coaster like ups and downs of defi projects (sushi, yam, yfii, etc.) also make people wary of its security. How to continuously accumulate user trust is also the focus of attention in the future.

2. The decentralization of blockchain refers to the form of social relations and content generation formed in the process of blockchain development. It is a new network content proction process relative to "centralization"
blockchain is an important concept of bitcoin. It is essentially a decentralized database. At the same time, as the underlying technology of bitcoin, it is a series of data blocks generated by using cryptographic methods. Each data block contains a batch of bitcoin network transaction information, which is used to verify the effectiveness of its information (anti-counterfeiting) and generate the next block
blockchain is unified in the whole network, so it is logically centralized. From the perspective of architecture, blockchain is based on peer-to-peer network, so it is decentralized. From the perspective of governance, blockchain makes it difficult for a few people to control the whole system through consensus algorithm, so it is decentralized.

3. Compared with the traditional centralized financial system, the decentralized financial platform has three advantages:
A. indivials with asset management needs do not need to trust any intermediaries, and the new trust is rebuilt on the machine and code
B. everyone has access, no one has central control
C. all protocols are open source, so anyone can cooperate on the protocols to build new financial procts and accelerate financial innovation under the network effect
defi is a relatively broad concept, including currency issuance, currency transaction, loan, asset transaction, investment and financing, etc
we regard the birth of BTC and other cryptocurrencies as the first stage of decentralized finance. However, the decentralization of currency issuance and storage only provides a point-to-point settlement solution, which is not enough to support the rich financial business. The rapid development of decentralized lending agreements in the past two years will have the opportunity to further open the financial system of the blockchain world and bring decentralized finance into the second stage<

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4. Hello, it's a great honor to be here to answer your question. The following are some of my views on this issue. If there are any mistakes, please point them out. Start all
and enter the column
almost every supporter of encryption start-ups has a trend, that is, to use the decentralized value of blockchain technology to sell their business fundamentals

in this paper, we will explain the differences between decentralized financial agreement business and traditional business:

we will mainly discuss two aspects:

1) what is the real meaning of defi

2) what are the types and main differences of defi platforms< Users of traditional financial systems often want to build a system that is easier to access, more transparent, lower transaction costs and less dependent on intermediaries. To build such a more equitable financial system, banks, loans and derivatives must undergo fundamental changes. In addition, a decentralized ecosystem, such as defi, is needed. It promotes P2P lending, eliminates centralized control, and provides users with financial freedom

recently, in the field of cryptocurrency, there are many discussions about defi. It provides financial services to the world: loans, derivatives and other procts. Moreover, the role of traditional financial intermediaries has weakened, or even failed to play a role. Proponents of a decentralized financial system see defi as a good alternative to traditional lending. Some have called it the future of borrowing

defi is built on public blockchains such as bitcoin network and Ethereum. It has become one of the "core drivers" on the Ethereum network. By using unlicensed distributed networks, the defi platform converts financial procts into untrusted protocols that can be accessed by anyone anywhere in the world. People who don't have an account in the bank can also use the defi solution to loan and borrow assets, as well as to trade with financial instruments

open source platforms provide users with great benefits, including transparency, cheap cross-border transactions, no credit checks and less censorship. Anyone can carry out financial activities because there is no geographical restriction<

the degree of decentralization of defi

in recent months, the introction of defi solutions has proliferated. They have different models and their degree of decentralization is also different. Compared with other models, some defi models have poor dispersion. This is because only a few of their components are decentralized, while the rest are still centrally controlled by the company

the establishment of agreement, non trust, price supply, determination of interest rate, provision of liquidity of margin call and start-up of margin call are the key components of defi agreement. They determine the degree of decentralization

if there are a large number of decentralized components, then the defi protocol is more decentralized than other models. Such a protocol will give users complete control over their digital assets and get rid of centralized control. So far, there is no single defi protocol that disperses all components

each defi protocol is assigned a category according to the number of distributed components:

centralized finance (cefi)

defi solutions are usually unmanaged, which means that users can control their funds and be responsible for their security. Instead, cefi is hosted. The central system is responsible for keeping the assets of users and ensuring the safety of users' funds

when it comes to loans or loans, users can't control any aspect of funds. The interest rate is determined by the central government, and the liquidity of margin call is provided by the central system or authorities. Cefi procts use centralized price supply, and it is also permitted to issue margin call. Thank you very much for your patience. If you have any help, please accept it. I wish you a happy life! thank you!

5. A lot of people are still alive with fun step. There are still people playing in the fun bar. The GEC environmental protection currency is still rising as a benchmark. I think many small organizations and many public security official account are all water army statements. They are not credible. br />
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as shown in the picture above, some people even blame Xiaobian for revealing secrets. In 17, GEC only paid 7 cents a piece. And now there are thousands. Unfortunately, in the 17 years, I haven't written the official account, so I didn't delay the gamblers' financial resources. At that time, you can make money by buying bitcoin, buying a house, and buying a lot of blue chip stocks, such as Maotai. Even now, there are many investment channels, so why play a fraud

there are so many articles revealing that GEC environmental protection currency is a fraud on the Internet. Many people watch GEC currency rising. Some people regret playing it, and some new people rush into it. It's obviously a Ponzi scheme. Why can't it fail after three years? Not only can it fail, but also can it appreciate

a city goes to the countryside, promotes secretly, and the fresh blood is increasing<

take a look first, pyramid selling "GEC environmental protection coin" focuses on rural areas in Henan Province

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in less than three years, GEC has developed members in Yunnan, Jiangsu and Zhejiang, advocating that "GEC price will surpass bitcoin". GEC, which is in internal trading, has also been regulated from US $0.01 to US $200 in three years. Now, the project has begun to attract members in some rural areas of Henan Province&# 8203;<

the three-year secret promotion now appears in Henan
at present, judging from the number of registered users officially announced by GEC of 2 million, its scale has surpassed the previous capital market plustoken which swept the world and then collapsed. As early as June 2019, the world environmental protection foundation, the initiator of GEC, was identified as an illegal social organization by Zhejiang Provincial Department of civil affairs< br />
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the world environmental entrepreneurship foundation is listed as an illegal organization

in fact, since 2017, mainstream media have been exposing the deceptive nature of the project, but the promotion track of the project has graally shifted from Yunnan, Jiangsu and Zhejiang to inland areas in three years.
there are many readers in the city, who know much about it, but it is not easy to cheat, Now this kind of MLM fund is permeating every small city, town and country crazily
after brainwashing, the members of the second ring coin protection group become mad demons, pull up prices and throw money to buy coins:

▋ one of the crazy members: selling blood to buy coins

in the circle of GEC coins, there is a story of "heroine" selling blood to buy coins< br />
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if you are really a heroine...

▋ one of the crazy members: divorce your wife in order to buy money

some people divorce their wife directly because their wife opposes GEC:

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▋ crazy members: selling factories to buy money

some people have stopped doing business and sold factories to buy money. By the way, they continue to advertise for GEC in their circle of friends:

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do you think they are crazy

their relatives and friends feel the same way:

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there are also those who have been cut off from the mother daughter relationship by the mother engaged in GEC:

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some people's relatives said that "even if a capital crime is committed, it should be done":

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someone's relative has sold a house for this:

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the three project parties reced their expenditures, and various strict rules were issued:

GEC environmental protection coin has the most stringent Title Regulation in history:

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if you don't log in for 30 days, you will be blocked...

once you are blocked, all the assets inside will be frozen and can't be taken out

does it sound unheard of and unreasonable

some people said with a smile that you spent dozens of yuan to buy bitcoin for N years and then found yourself a multimillionaire. And if you spend tens of millions to buy GEC environmental protection coin, 30 days without online, it will be cleared! Ha ha ha ha. How real< Four, players are very humble and can only ask for unsealing:

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all kinds of methods limit users to sell money, and the project side operates the price to attract new people< br />​ The above points are the reason why the environmental protection coin can live for three years. The most terrible thing is that they actually go deep into the seven or eight tier small cities, deep into the countryside, deceive the elderly, sell houses, take out coffin books, and even students' tuition fees! How heartless

if you can be down-to-earth, you will think about it. Where does the money come from when there are so many people making money in the environmental protection coin? What services does eco coin provide? If you don't have a complete business activity, you can invest money. That's gambling

if one day the Huanhe coin collapses, these crazy people will become poor people, and this is the hatefulness of these poor people< br />​

6. The dividend ratio is different according to the machine of the mine pool you exchange.
if you buy a primary mine pool, you can get a 2% commission on the daily yield of the subordinate
if you buy an intermediate ore pool, you can get a 3% commission on the daily coin proction of the direct subordinate
if you buy an advanced ore pool, you can get a 3.5% commission on the daily coin yield of the directly promoted subordinate
if you buy a high-grade mine pool, you can get a 4% commission on the daily coin proction of the direct subordinate
if you buy elite mines, you can get a 5% commission on the daily coin proction of the direct subordinate
if you buy a super mine, you can get a 5.5% commission on the daily coin proction of the direct subordinate.