DeFi : Dominance du futur « Code World » - DeFi Prospects

In August 2018, Brendan Forster, Co-Founder and COO of Dharma Labs, published an article titled “De.Fi, Community-Based Advertising for the Decentralized Finance Platform”. .

DeFi has moved from a transition from “financial services services” to “financial services solutions”.

The concept of DeFi is all the rage and the financial industry is a key development in the application of blockchain technology.

Finance is the heart of today's economy and can be divided into:Financial services, investing activities, insurance activities, other financial servicesFour categories. These financial institutions are banks, corporations, insurance companies and trust companies.

DeFi and financial / financial intermediaries have similarities. DeFi discriminates, but the medium can expand its finances, and DeFi uses blockchain technology to improve transparency of business information, ensure that the protection and harassment of defense workers is prohibited. .

However, DeFi and Finance struggled to cover all users. DeFi also increases the risk of misuse of technology and landing applications.

Since the inception of the DeFi concept, there are now thousands of eligible blockchain projects, most of them in the areas of certification, finance, trading, and other financial products.

As a blockchain project, MakerDAO has a securities and mortgage loan, and has the first "past payments" certificate. However, since the MakerDAO token provides the process with a unique function, the support of the real community is incredible, and there is uncertainty and risk of enough water.

we believeDeFi is an important addition to today's financial industry. The next day, with the development of DeFi and the iteration of blockchain technology, DeFi will play an increasingly important role, and even the financial process that will drive the future "code world" does not know it.

Safety Precautions: Privacy Policy, Occupational Safety and Health

DeFi's ambition

DeFi: from patch to patch

The concept of DeFi has seen a resurgence and has moved from early "financial exchange" to "financial exchange". Blockchain technology is starting to move from financial services to financial exchanges.

BrendanForster expands on the definition of DeFi. DeFi is a community finance division, and community planning must meet four criteria:Adopt blockchain technology, serve financial markets, open source code, and have a great team of developers.Based on the above points, Brendan Forster has divided DeFi operations according to the public channel ETH, and so far, Brendan Forster's concept of DeFi is still relevant today.

After entering 2019, thanks to the continuous improvement of the blockchain industry ecosystem, the industry has broadened the concept and expansion of DeFi.A movement to replace traditional financial tools with unreliable contracts, transparent use of open source software and collaborations. As a result, DeFi includes Bitcoin, Stellar, etc., which issue tokens and use them for payments and transactions, as well as open blockchain operations that support financial transactions (or financial services) based on the ETH network. .

DeFi is growing in popularity.

Blockchain can be a matrix for new technologies such as “DeFi”.Bitcoin was created only 10 years ago, and over time the blockchain needs to be adjusted. For example, after the advent of "Internet", many concepts and terms like Internet infrastructure or application were broken, and the concept of "blockchain" was very similar to becoming a matrix of "new ideas" in this field to the future. . Decentralized finance has existed in the past and, likewise, it would not be surprising if new concepts such as privacy education, decentralized storage and decentralized communications are introduced in the future.

Financial services are an important growth driver for the use of blockchain technology, and more than a third of blockchain projects can be subdivided into DeFi.According to the Financial Translation and Blockchain Industry Classification Standard (BICS), at least 38% of blockchain projects on the top 1,000 tokens by market value currently contribute to direct financial transactions, including non-bank funds. , Wallet & Business, Financial Management Pass, Secure Certification, Financial Services & Payments.

The best-selling DeFi head project makes "DeFi" famous.MakerDAO is currently the highest value DeFi project on the ETH network. According to CoinMarketcap, since January 2018, MakerDAO's market capitalization has increased steadily from over 40 to 20. Moreover, since February 2019, the market value is higher than major tokens due to its high performance. The deflationary nature of MakerDAO token makers is one reason.

Models in the token industry are designed to be developed, and new designs based on existing models are easier to 'execute' compared to direct competition with blockchain project managers.The emergence of BTC and blockchain strategy ushered in a decade of ups and downs. So far, the market value of the 20 key points represented by BTC has long accounted for 88% to 90% of the total market, and the ranking is stable. The blockchain projects represented by these tokens are used in payment and settlement applications, operating platforms, banking services, wallets and transactions, and secure tokens and token services. Innovation based on existing business models makes it possible not only to avoid direct competition with these superior functions, but also to satisfy large customers, the “win-yes” choice.

Participation and win-win competition, two leaders to compete

Money is the basis of every business today

Finance refers to the movement of values ​​that transcend time and space, and are the very essence of business today.In a narrow sense, finance is about the use of money and refers to the different types of lending activities in a bank and the distribution of money on the basis of credit. In a general sense, finance is a three-dimensional system that intercepts vertical and horizontal lines and connects them inside and out.

Financial disruption is an unrealistic asset in product marketing and financial improvement.According to the bank of China, financial trade can be divided into a profit, capitalization, and other financial business. The broker financial broker can divide the request for relationships and industry, in the bank, and religion of the insurance company, part. The productivity of smallerity, currency and social and medium-funded funds cannot affect the business of business and transaction. If the money is a big deal with a large business with a business improvement, government, industry, etc need to receive exciting benefits. After the fame of credit relationships, if a loan form and business companies have occurred, the service company, and services have occurred. In order to reduce writing costs and improvements and determination, and financial increase, and financial data increases. Due to the development of the work, the risks prevent gradually contracts and financial support must be delivered.

DeFi and financial / financial intermediaries: coexistence of complementary strengths, weaknesses and weaknesses

DeFi has its own best financial / financial intermediaries and the ability to add something to each to achieve a 'win-win'. DeFi supports anonymous but risk sensitive access (including property status required) No change, and some opposition to censorship. Financial and financial intermediaries have a long history and a deep working base and a large audience (credit and risk management base).

DeFi without any difference in access can expand your financial services.As for the current development of the industry, beyond the start of user training, DeFi access to consumer assets (MakerDAO, etc.) is more important. It uses token and DeFi tools. Finances continue to improve as people's lives improve, have a deeper foundation, and include more people. While the overlap between DeFi users as token assets and financial users as credit can be high, in theory there are still DeFi users who are not paid by regular funds.

DeFi uses blockchain technology to improve the accuracy and flexibility of the exchange information of certain exchanges and restrictions. DeFi has some advantages to prevent unhealthy power surges for government employees.Blockchain technology has the characteristics of open source code, unchanged data, unchanged data, open and request and traceability of tokens. The transparency of DeFi data has improved significantly compared to traditional financial applications. The open source code and decentralized business model have certain advantages to prevent malicious business practices.

In terms of user reach, DeFi and finance do not suffer from any coverage. Additionally, given current industry improvements, DeFi faces risks and inaccuracy issues.Finances have always been long established and have led to long term relationships and adherence to credit and risk management, but some groups are still dissatisfied with financial services. DeFi user access as an asset token does not include most categories at this point. Risks and landing demands are risks that the entire blockchain industry faces, and DeFi is the exception.

DeFi Consensus: Hundreds of horses run for thousands of sailors.

Many DeFi projects with the public ETH channel are making their way.

Since the inception of the DeFi concept, there are now thousands of suitable blockchain projects.According to Github, DeFi can be divided into swaps, fixed tokens, loan agreements, contracts / offers, etc. According to the financial industry classification process, DeFi can be divided into:Are not included. (such as tokenization protocol, KYC / AML / identity authentication, applications / tools, analytics, etc.). Obviously, at this point DeFi is primarily focused on advertising, certification, finance, business, and other financial products.

The largest of the DeFi projects extends to the public Ethereum chain.On the other hand, the Ethereum public channel has appeared before and is the first public channel project to support smart contracts, making it the first choice for DeFi project developers. Meanwhile, the creator of the DeFi concept, Brendan Forster, is the founder of Dharma Labs, and the project also tops the dazzling MakerDAO public channel, Ethereum.

Pathbank pioneer: MakerDAO

The MakerDAO blockchain project has a certificate of mortgage stability and performance, and has the first certificate of "passage through the bank" in the emergence and historical process of financing.

MakerDAO can provide a secure DAI token. The DAI is derived from the oversize of the token, pegged 1: 1 to the US dollar, and is by far the largest decentralized stable token.MakerDAO works on the ETH network. DAI is a security token. There are two ways to solve this problem, the first is for users to create Secured Debt Positions (CDP) by borrowing their ETH tokens using smart contracts from the Maker Platform. , collateralized debt warehouse), CDP account holders can generate a stable token DAI in value backed by collateral. Another option is to use fiat currency to buy and sell DAI through the OTCMaker digital token trading platform.

MakerDAO meets the financial needs of investors.In the traditional financial economy, risk management has created strict financial constraints for small businesses and individuals from medium-term financial institutions such as banks. One way out of DAI is to create a CDP with ETH as a trading product. By law, as long as you have ETH, you can receive a certain percentage of MakerDAO funds, which you can use to increase your cash back or hedge your risk. . According to official data, at the end of April 2019, more than 2.3 million ETH was registered in Maker smart contracts, and DAI's total assets reached approximately $ 83.07 million.

Banks hold a significant share of current finances and are responsible for issuing funds in accordance with national policies and market rules (such as the Federal Reserve), including macro and micro management, social credit system, Healthcare. , economic performance and other activities.MakerDAO's advertising process has a function in relation to banks, so the question arises as to whether it truly supports the community.MakerDAO appears poised to expand its operations in the future.

MakerDAO is exposed to volatility and liquidity risks.One of the ways to create DAI in MakerDAO system is to borrow ETH tokens. The conversion rate of the token market is now also very high. It is not unusual for the daily amplitude to be 10%. enough. Since MakerDAO only backed the ETH token pledge, since 2019 the value of closed ETH in the MakerDAO system has increased further from over 2 million in March to 2.3 million in April. . This will affect the activities of ETH in the long term. Market liquidity.

DeFi: Lord of the "Code World"

The blockchain technology acquired by DeFi has tracking, discreet and highly transparent characteristics, which makes it more profitable for today's financial market. In the years to come, with the development of DeFi and the iteration of blockchain technology, DeFi will play an important role, and even the financial systems that will dominate the future "code world" are unknown.However, in terms of improving the current market, the need for relationships, the functioning of the public channel and user education are all issues for the development of DeFi.cure.

The real complaint is always a false statement, and at the moment no real details can be drawn.Taking fixed tokens and market tokens as an example, recent USDT fixed token events continue and the announcement of stable tokens will not be reliable. Non-centralized token trading platforms have yet to have the strength to oppose centralized token trading platforms on the basis of user base or functionality.

The performance of the public channel is one of the weak growth factors.Currently, most DeFi projects are developed by a small number of public channels, and in terms of current technology iterations, most public channels do not support TPS, which undoubtedly limits DeFi to charging rates. higher exchange rates. class project.

User training costs will be higher.Although modern banks are over 300 years old, there are still a lot of people who cannot afford to use them for free. Blockchain and BTC are only 10 years old, and the rise of decentralized stable tokens and trading platforms will be slower and the time and cost of training users will be higher.

Even if the above mentioned issues occur, there could be potential for improvement compared to the current market.If DeFi at this stage wants to complete the upgrade quickly, one solution is to provide financial support in terms and form rather than exchange.The advantage of DeFi that does not require access will help the financial community to expand content and services, and it will be able to differentiate service goals with a low level of reliability. The application of blockchain technology in the financial sector will bring relative security, reliability, efficiency and to some extent restructure the business model.

note:

Some names in this sentence do not apply to various things like pass, digital pass, digital currency, currency, token, public sale, etc. If readers have questions, call or write to them to discuss.