On 23rd August 2020, the Defi leaderboard platform named
Defipulse has seen an impressive record of 6.75B of Eth locked in the on-going
Defi project. This is an all-time high recorded by Defipulse, and many doubt it
is already at its ATH peak, however, in comparison to the total centralized cryptos
market cap of nearly 400B, this number is partially insignificant.
In terms of the decentralization, transparency, and financial
future growth, Defi shows a better potential in comparison to centralized
financial projects. Because of that, lately, Defi has been rising rapidly and
become a real promising scenario of blockchain field in the upcoming
time.
Due to the Covid pandemic, the whole world economy has seen a
massive number of centralized interferes with the financial business. For
example, on 10th June 2020, the Federal Reserve official held rates to zero in
the USA, after that we have seen a financial "exodus" of bankers and
savers from the centralized financial systems to a better one like Real Estate,
logistic or decentralized projects.
This is why Defi has its own advantage and attraction over the
centralized financial institution, meanwhile, the centralized institutions
require a lot of physical infrastructure and human works. By contrast, Defi
shows better global accessibility and scalability, all the infrastructure and
procedures are on a smart contract. Defi is worldwide-used and transacted
freely at people's fingertips, no borders.
For projects such as Aave, Compound, or even Makerdao, who
offers lending and borrowing service, people can instantly lend or borrow with
the collateralization. Paradefi is a lending and future derivative Defi
platform in which offers people access to lending and borrowing service based
on the Ethereum smart contract.
Paradefi is also the first Defi platform having both fiat
on-ramp and off-ramp integration to over 46 currencies worldwide, and more
currencies will be adopted to the platform.
Moreover, Paradefi offers convenient loan facilities, curve
platform, portfolio management dashboard, and governance testnest on Ropsten,
al the hard works have been done even before the initial decentralized
offerings.
Paradefi dApp is fully-equipped with all the necessary
decentralized features on a user-friendly interface. In terms of real-data
management, Paradefi is also one of the rare projects integrating with
Chainlink's Oracles Solution to bring the real-data into the Paradefi
ecosystem. Last but not least, the Paradefi team is also proud to be the first
Defi having incentive teller program in which encourages people to spread the
network worldwide and gain mass adoption to the platform
"In Paradefi Ecosystem, every
citizen is a digital bank teller, by scaling the platform, people can be
benefited greatly from that, this is how our outstanding platform performs",
said by Carlson
Get
more information, please visit https://paradefi.network/
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