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Decentralized finance is one of the most prosperous industries in cryptocurrencies and blockchain. Achieving the next level of adoption requires a more robust solution and better infrastructure. The next project will explore opportunities through different approaches and enhance the overall DeFi appeal.
Splinterlands (Hive)
Most people are familiar with Splinterlands As one of the major blockchain play-to-earing game titles. The Splinterlands ecosystem is more than that, but the project has certainly proven to be very successful in that regard. For example, the recent pre-sale of Validator Node has received a lot of attention and sold out within 11 minutes. Validator node operators are rewarded with SPS Governance Tokens. In addition, the sale of the license burned approximately 14.5 million SPS and added 3.6 million SPS to the Splinterlands DAO.
With the introduction of these nodes, Splinterlands users will have access to a secondary source of revenue. You can earn tokens by playing the game, but you can also make money by supporting the Hive blockchain. It’s always good to give users more options and find an approach they like. In addition, these licenses are NFTs that users are free to buy, trade and sell in the secondary market.
Orca (Sorana)
You cannot have decentralized finance without access to a decentralized exchange. DEX provides a liquidity pool where users can fund and earn commissions from their overall trading activities. OrcaThe most popular DEX built on the Solana network makes it easy to exchange cryptocurrencies with minimal fees and very low latency. In addition, the team is user-friendly and focused on meeting the needs of beginners and experienced enthusiasts.
Orca’s additional DeFi-oriented advantage is the way it provides whirlpools. Whirlpool enables higher capital efficiency by concentrating liquidity on specific price points, similar to what Uniswap V3 does for Ethereum. As a result, users will earn higher APR and will be able to take advantage of additional rewards with native ORACE tokens and other assets. In addition, the platform rewards collectibles by participating in the ecosystem. This is a great bonus.
GoodDollar (Ethereum / Hughes)
There are many financial opportunities in the decentralized financial space these days. but, Good DollarAs a non-profit protocol, we would like to focus on the educational part related to cryptocurrencies and blockchain. Anyone with a mobile phone can experience, learn and use digital currencies through this initiative and establish a more comprehensive economy. It essentially puts digital money in people’s hands to provide basic income.
Making that income sustainable is another matter. The overall supply is controlled by the issuance of Good Dollar and Reserve Back Cryptocurrency (G $). In addition, the price of G $ depends on the reserve requirement policy. Users can also invest a portion of their portfolio in Good Dollar Trust Funds to aggregate yields generated from third-party DeFi protocols.
SubQuery (chain independent)
Decentralized data aggregation, indexing, and querying between different blockchains and decentralized applications are important aspects of DeFi. Subquery The goal is to bring the solution to projects in Substrate (Polkadot and Kusama), Avalanche, Cosmos and TerraLuna. The team aims to extend to additional networks, strengthening its position as a chain-agnostic DeFi tool.
To make DeFi more efficient, we need to improve the query speed of on-chain data. Waiting hours or days to execute a simple query is not the most attractive option, but SubQuery can save developers time and money. In addition, the builder does not need to index the blockchain itself, improving the overall experience for both developers and users.
Regulation is necessary for the attractiveness of a growing industry
You might think that decentralized financial applications aren’t regulated, but they aren’t. Also, the industry has had too many security incidents, rug pulls, thefts, hacks and other issues since its inception and should not be exempted either. Regulations can provide the long-awaited stability and clarity while protecting users to some extent.
Not all protocols are regulated [the same way]However, it is still beneficial to consider a compliant approach. DeFi builders have never been easier in that respect Frey.. The DeFi project wants to streamline industry growth through regulation, security, and accountability. Working with Phree, DeFi builders can focus on n-compliant solutions and TradeFi organizations can start their DeFi journey unabated. Such an approach can boost diversified finance to a liquidity pool of $ 200 trillion.
More importantly, Phree’s approach does not compromise decentralization. The team wants to build a solution that is as decentralized as possible, but compliant as needed. This includes KYC / AML protection, transaction screening, capital buffering, financial management, regulated Swiss Franche Stablecoin injection for B2B, and data protection. In addition, the project, with the support of the Web3 Foundation, PwC Switzerland, Mastercard APAC, and other entities, will realize this vision as early as 2023.
