Copenhagen, Denmark, May 23, 2022 (GLOBE NEWSWIRE)-God created the Garden of Eden and the blockchain built the Metaverse. Both are human paradises.The difference is that the former BibleAlthough the latter is experiencing barbaric growth.
In the long history of the Metaverse, what is needed is something like a three-masted sailing vessel (“HelaDeFi”) on the Nile. As a new generation of decentralized financial ecosystem platform, Hela DeFi features a unique new FBA trading model. This is a seemingly simple innovation, but it can be a huge leap forward for Metaverse and Web3.0. In addition, you can break the deadlock in pursuing DeFi 3.0 development priorities and open up new economic conditions.
Hercules to clean up Web3.0, Augean Stable
The financial industry is famous for its ancient fraud.
From centralization to decentralization, the financial industry is still an Augean stable to be purified. Still, it’s a complex industry, involving macro levels such as economics, politics, and finance. Let’s start with the concept of Web 3.0, which has been gaining attention lately.
In today’s globalization, black swan events are often the result of the butterfly effect. For example, a large US housing bubble triggered the US subprime mortgage crisis, which led to the 2008 global financial crisis. However, it was thanks to this event that Satoshi Nakamoto released his highly influential Bitcoin white paper and entered a new era. Of decentralized finance.
With the development of science and technology, it was assumed that traditional financial tumors would be gradually removed. However, these tumors resemble cancer cells. If you remove it today, it will spread to another place tomorrow, and even relapse, causing more serious problems.
This also applies to the Web 2.0 financial system. It has changed issues such as inadequate liquidity, inadequate transparency, lack of risk management systems, and inadequate product innovation in the Web1.0 financial system. But have these issues been completely resolved? no. Unless your Web 2.0 risk management system is an upgrade from Web 1.0. For example, Web 2.0 has established a multi-faceted risk regulation system that includes risk identification, assessment, early warning, regulation, and response, and has properly deployed external partners. To minimize the risk.
Web 2.0 has only minimized these risks, but opaque and unfair practices such as information opacity, financial institution dominance of the market, and heavy reliance on centralized institutions remain, and more. Notice that it is escalating.
In this way, Web3.0 with decentralization at its core has emerged.
The reason why the concept of Web 3.0 is attracting attention is mainly due to the consistency of current technology and needs. This is driven by people’s perceptions of the enormous economic and social values created by Web 1.0 and Web 2.0. Therefore, people are looking for more efficient ways of communicating and expecting more environmentally friendly application scenarios.
In the macro sense, Web 3.0 is the underlying network architecture for the well-discussed Metaverse. The application breaks the boundaries of the Web 2.0 ecosystem to the extent that application complexity and combinations are unrestricted, facilitating the fusion of the “real world” and the “virtual world.” With the help of decentralized technology (blockchain), a myriad of new applications (Dapp) have emerged, from decentralized peer-to-peer ledger experiments to decentralized smart contract platforms. As a result, DeFi has become a digital version of “financial services,” and NFTs have accelerated the chain of assets.
In this regard, Hela DeFi, a new generation of decentralized financial ecosystem platform, was born. This is an innovative financial product built with DeFi 3.0, DAO, NFT, and Web 3.0.
Hela DeFi’s core logic launches Hela FBA’s innovative trading model through bidirectional collaboration between AMM and orderbooks, an innovative deaggregation order trading mechanism based on the evolution of DeFi + DAO’s innovative finance. Is to do. Hela features community-driven development, completion of the code base for the circulation of token transactions, and distribution of awards through smart contracts and multiple financial incentives on the chain. Therefore, Hela has asset transparency, sustainability and efficiency. The code is automatically executed and secure, without the need for trust, and the token has a deflationary model. Web3.0 market value management can be performed automatically. Therefore, it is very competitive in the market.
Hela DeFi, a three-masted sailing vessel on the Nile
The Nile Valley is one of the birthplaces of world civilization. “Egypt is a gift from the Nile,” said Herodotus, an ancient Greek historian. The longest river in the world, the Nile, has made an outstanding contribution to the history of scientific development. The advent of three sailing vessels changed the history of the West, lagging behind the East in shipbuilding technology, and changing the role of the West in world trade. So why do I say Hela DeFi is a three-masted sailing vessel on the Nile?
In the long history of the Metaverse, what is needed is something like a three-masted sailing vessel (“HelaDeFi”) on the Nile. A small step towards innovation represents a major leap into the Metaverse.
Taking liquidity as an example, it can be said that the modern financial trading system, and even the entire currency system, is constantly evolving and innovating, centered on “improving the liquidity of market transactions.” Decentralized finance is no exception.
From DeFi 1.0 to DeFi 2.0, the AMM mechanism proposed by Uniswap was a prelude to DeFi Summer, but Compound and Sushi Swap introduced liquidity mining incentives for typical DeFi projects, in early Compound and Sushi Swap. Provided liquidity. Motivated by profits, users participate in the project. However, with the continued release of liquidity mining reward tokens, market circulation is increasing. Depending on supply and demand, the price of tokens cannot be kept at relatively high levels, and the APR that rewards users will gradually decrease. At this point, profit-seeking users are more likely to leave for a higher APR.
DeFi 2.0 gained more attention in the second half of 2021 as DeFi development entered an enthusiastic pitch. In essence, DeFi 2.0 is still focused on token liquidity, with the goal of improving the efficiency of capital utilization. However, compared to DeFi 1.0, DeFi 2.0 focuses on the sustainability of the incentive model, better configurables, and a more encrypted native organization and governance structure.
Olympus, an algorithmic stablecoin project, is one of the innovators behind DeFi 2.0.
Olympus has opened up the bond market, allowing users to buy OHM Platform Governance Tokens at lower discounts. This has allowed us to continue to provide valuable support to the Olympus Treasury, attracting more liquidity and creating a mutually beneficial situation between users and Olympus. .. Although this bond sales method injected liquidity early in the project, Olympus always urged users to buy OHM through bonds or DEX and promise OHM ultra-high yields. This model (3,3) has the properties of FOMO and is not sustainable. Token prices have fallen, yields have fallen, users and projects can suffer huge losses, and liquidity has been lost. Users also had to fight volatile losses. In fact, OHM prices have fallen by more than 90% since November 2021.
High liquidity of tokens means that there are abundant application scenarios for tokens and excellent transaction depth. How to improve token liquidity is a very important core issue for cryptography as a whole.
Hela DeFi’s ingenious dual system pool operating system, Hela FBA’s innovative trading model, adds an orderbook model to AMM to develop a range of innovative trading methods. A seemingly small innovation addresses the liquidity issue, which is one of the focal points of DeFi 3.0 development.
The Hela FBA trading model allows traders to buy and sell assets at current market prices. The transaction execution model automatically matches the buyer of the system with the seller of the user within the rules of token swap liquidity, and the exchange rate ratio of the two capital pools of the on-chain data at the start of the transaction as the price of the automatic market transaction. To fix. The user does not have to choose a price. The same HELA-USDT trading pair employs both AMM and orderbook models because Hela’s twin trading engines work together. In the two system pools, the price of the target pool changes as the user trades. Due to the free market regulation mechanism, the price of the other pool gradually moves toward the target pool, reducing the price difference.
The two trading models are applicable to different user groups and application scenarios and are automatically tuned by smart contracts and market behavior. In addition, the two trading models synergize with the Hela contract order trading model and incentive mechanisms to form a good closed-loop trading ecosystem.
As the asset flows, the Hela protocol stablecoin and $ HELA form the exchange rate. It can be argued that HELA is an infinite deflationary model, allowing the market value of $ HELA to rise steadily, as both buying and selling reduce the circulation of HELA tokens through different mechanisms.
The two operating systems work together to improve the liquidity of the HELA-USDT trading pair. The higher the liquidity, the better the depth of supply and demand at each price level, and the smaller the spread. The appeal of such a destructive model is sufficient to attract large numbers of KOLs and large communities, participate in promotional cycles, and last for long periods of time.
The Hela Ecological Protocol cleverly integrates NFT and DeFi technology to issue a limited number of 1,000 original HELA-NFTs in accordance with ERC721 prior to the agreed product launch, serving as a proof of dividends and profits. To do. HELA-NFT users are identified as nodes or core members of the HELA ecosystem and are given the benefits of a set of future ecologically exclusive and permanent dividends, including the HELA DeFi protocol. The limited release of HELA-NFT completes the HELA protocol ecosystem.
In addition, Hela will build a jackpot system based on DeFi.
The decentralized capital pool created by Hela automatically allocates funds to the bonus pool based on smart contracts and then triggers the allocation. After each transaction, the allocation of funds is automatically transferred to the bonus pool ABCD. Note that the bonus pool system employs automatic code for smart contracts on the blockchain to complete the drawing and redemption process. Lucky jackpots are characterized by high transparency and fairness.
Hela DeFi meets the needs of different users through a diverse and interesting gameplay such as transaction modes, incentive plans, Hela Lucky, and the Hela financial innovation ecosystem consisting of automated execution of smart contracts. In particular, avoid the unfair situation of “first come, first served”. Both regular and new users follow fair, equitable and open rules. The diverse and interesting gameplay is implemented independently and synergistically. Due to multiple deflation and backflow, the value of $ HELA is expected to stabilize and show an upward trend depending on market conditions.
Innovation may require minor changes, just as Neil Armstrong’s small step on the moon was a major leap forward for human civilization. Hela DeFi adds the orderbook model to the AMM model. This is also a big leap forward for DeFi 3.0, Metaverse, and Web 3.0.
Telegram: https: //t.me/HelaDAO
This is not investment advice. When investing in a project, do your own research.