DeBond, a decentralized bond ecology platform, completes the DeFi industry's most important financial puzzle.

Since DeFi's summer boom in June of last year, the DeFi market has continued to grow exponentially and the ecosystem is still thriving. According to data from Defi Pulse, DeFi's most recent total cost to close (TVL) is estimated at $ 110 billion, set for a record in November.

There are almost 700 different DeFi functions and contracts based on large public channels with over 12 tracks. Savings, borrowing, wealth management, stock exchanges, commodities, insurance, finance and other financial markets can see their counterparts in the DeFi market. . DeFi is therefore also seen as a distribution of the “equal world” of financial media.

However, as one of the most practical financial tools, the contract has yet to appear in the DeFi market as a true fair application. DeFi business without shared marketing is bad. The reason is that there are no suitable models and approvals for the product.

To this end, the international team is made up of mathematics, finance and procedural experts from France, Ukraine, India, Malaysia and the United States, as well as developers of famous products such as blockchain angel trader , cryptocurrency consultant, and Faire. , and key groups at levels such as DAO and Alpha Wallet We developed the ERC-3475 prototype specifically for the ecosystem and developed the DeBond protocol, a financial division based on this model. A particularly important issue for the creation of a fully integrated financial ecosystem platform that complements DeFi.

DeFi does not have a decentralized contract

How important is a contract in the financial sector?

Bonds are an integral part of the modern day and night market, creating simple financial assets with money, costs, and commodities. With this simple financial tool, you can meet the investment and financial needs of the real estate business and the success of the real estate industry. In addition, contractual products such as futures, futures, options, contracts and swaps are offered by the simple financial instruments industry today.

Among them, the business contract is a flexible, efficient and secure business environment, which can facilitate the transformation of capital storage, provide money to government, banks, enterprises and other investors, and provide investors a wide range of stable income. . elements. Provides a good "reservoir" for a stable assessment of health.

In the United States, for example, 10-year Treasury earnings not only affect the Fed's monetary policy stance, but also serve as a benchmark for the US stock market, affecting the international economy and financial markets. In the United States alone, annual debt is close to or greater than 100% of GDP, and there are other city councils, affiliates, and federal financial institutions. By 2020, US revenues represent 132.5% of nominal annual US GDP ($ 20.93 trillion).

Let's focus on decentralized financial markets. Now it offers smart contracts, business tools, best perks, unsecured loans, token funds, consolidation procedures, loans, and more. Governance Wealth, finance, insurance, derivatives and other financial markets always include payments, information on services, etc.

However, no real decentralized contract has yet been concluded. No need for a contract in the DeFi market? Of course not!

The lack of financial impact in DeFi is due to the poor quality of the blockchain infrastructure and the lack of appropriate standards for commercial products.

The ERC-20 is a model in the DeFi market. ERC-20 is a standard homogeneous token interface, where all tokens correspond to the same smart card and use the same sharing process, making it difficult to meet the needs of more financial resources.

For the terms of the product contract, the requirements such as inventory, shipping, repayment period, interest rate, repayment method and repayment period are multiple and non-standard. In addition, insurers often have a greater need for income from their contracts due to the need and the need to obtain different rates.

DeBond completes the puzzle of the DeFi contract.

To solve the economic problems mentioned above, the DeBond team proposed and integrated the special model ERC-3475 for ecosystem contracts in ETH Master.

The ERC-3475 is a more cost effective model with more complex data formats, where each contract does not have to submit additional smart contracts to obtain independent algorithmic rules. According to the ERC-3475 model, not only the contract model in the traditional decision, but also can design financial products such as futures and options.

Compared to the ERC-20, the ERC-3475 has the following advantages:

Each contract is a stand-alone contract, giving users the flexibility to adjust different repayment terms, performance terms, and interest rates.

Contracts can be registered and traded on the DeBond DEX exchange, or they can be subdivided and bundled into subordinate contracts and traded on a second trade.

ERC-3475 can not only generate contracts using homogenized tokens as collateral, but also develop contracts using non-homogeneous tokens (NFT) as collateral.

For example:

Note that Alice invests 100 USD in the DBIT-USD contract (DBIT is the interest rate contract for interest payments and secondary trading in the DeBond ecosystem), this 100 USD is used for commodity trading. raw to be converted into the DBIT-USD AMM exchange. . partner promises.

Alice will immediately receive a bond of 200 DBIT-USD. This can include 3.7 DBIT-USD bonds which are "1" (proceeds are distributed), 3.7 DBIT-USD bonds which are "2" and 7.4 DBIT-USD denominators. Bonds in "3" ... different signs different repayment terms.

After two days, Alice can redeem the 3.7 DBIT-USD bond marked "1". Upon repayment, you will receive payment and interest on the DBIT. If he does not want to hold DBIT, he can exchange DBIT for USDC according to the trade agreement.

After 4 days, Alice was able to redeem the 3.7 DBIT-USD bond marked "2".

After 6 days, Alice can redeem a 7.4 DBIT-USD bond marked "3".

......

As of 99, Alice has received a total of 200 DBIT equivalent to $ 200 ($ 100 in principal and $ 100 in interest).

In the above case, this is also a DBIT-USD contract, and all of them correspond to a stand-alone contract as the repayment term varies. Although Alice renews the DBIT-USD contract with "1", this will not affect contracts with "2" and "3". ... the contract still exists.

If you need the money before the contract expires, you can trade it anytime on the DeBond DEX trading platform. If it works, you can split your DBIT-USD contract or convert multiple contracts to subordinate contracts.

Of course, the benefits of DeBond go far beyond that, and it makes more sense to address the more frustrating aspects of DeFi's current inefficient marketplace with design standards.

Eliminate Skin Problems and Activate in the DeFi 2.0 Era

After the DeFi farm boom in June, the active DeFi Summer has been around for almost a year and a half. In the meantime, DeFi has seen its fair share of ups and downs, and has also seen some turmoil, driven by its gold investments and wealth.

After a year and a half of development, people are slowly discovering DeFi's shortcomings. Compound contracts and other yield farming contracts encourage early entrants to invest more in the cash pool with higher incomes, and later contracts use the incomes of early entrants. Sex to attract more participants. However, this rebirth model can only appeal to liquid workers in a short period of time. As competitive Yield Farming contracts emerge in the market, early participants will “expand, sell, increase”, trade assets (predict), buy. Initial mining income (good tokens).

In the short term, the price of process tokens fell due to large sales by early participants, and as a result, the cash workers pulled out and sold process tokens. .., can be fragile, especially if the market is unstable.

Thus, activation is not only a major support for the early development of the DeFi protocol, but in the long run it always comes with a time bomb of cash depletion.

In this context, many people have applied the concept of DeFi 2.0 to solve the problems DeFi protocol faces with new technology, and DeBond is one of them.

DeBond not only makes a difference in the overall integration into the DeFi market, but also uses new business models to solve the deep problem of water inefficiency, such as self-treatment and the creation of "extensions. Across the industry. -bubble- "good" emergency-stagnation-speculation-recovery-expansion "closing loop.

1. As shown in the figure above, since DBIT is the forex solution of the DeBond ecosystem, new investors and investors are required to purchase DeBond bonds while the business, during the period expansion, increases the value of DBIT. An increase in the DBIT price and a decrease in bond yields (the bond price is inversely proportional to the yield) after receipt of the goods, the bank contract conforms to the standard machine price by half (Air), DBIT molding for guaranteed LP contract) ;

2. As the economy thrives, bubbles start to appear, risks start to rise, and the economy recovers.

3. One problem so far, the token value will drop for free and some tokens will be close to zero.

4. Then, as the market enters the market decline, the tokens have become difficult to redeem as the stock market goes down, fewer people buy the contract. , and falling interest rates and earnings in the secondary economy. Contract;

5. At present, the market sees an opportunity to recover from lower prices due to an oversupply of LP Tokens, the demand for debt will have to support the demand for DBIT and the stable and resilient DBIT value.

6. With the arrival of more hunters and increased incomes, business prosperity returned, incomes declined and pensions became easier to pay. The increase in the value of DBIT is restoring market confidence and the market is slowly recovering, entering a new trading cycle.