At present, the total amount of assets locked in the DeFi field exceeds 8.6 billion U.S. dollars, and the overall market value of encrypted assets is about 350 billion U.S. dollars. Compared with CeFi, the scale is still very small. In traditional finance, the traditional derivatives market has a scale of hundreds of billions of dollars, and the asset scale of the entire crypto field is less than 0.1% of it. Even the wealth of the world’s richest people together accounts for the total assets of the entire crypto field. More than 5 times. You can refer to "A Picture to Understand the World Currency and Market" before the Blue Fox Notes.
However, this is exactly the opportunity for DeFi.
DeFi opportunities
In the last round of encryption enlightenment, the most important DeFi phenomenon came from the breakthrough of Bitcoin. Bitcoin completed the value discovery of hundreds of billions of dollars in market value assets, and officially became an asset for value storage and value flow, and became a digital era. The first important native asset became "digital gold".
If DeFi only has "digital gold", then it cannot truly build "digital native finance" or open finance. Only by building a variety of complex logic financial products based on smart contract platforms can it be unique in the digital age. Open finance. After 2018, the encryption field has fallen into a low period, but it is the precipitation of this period of time that DeFi has risen.
Due to its composability, programmability, and permissionlessness, DeFi has gradually moved on to a completely different path from traditional finance, showing more and more new gameplay and features. It has an increasingly obvious development trend.
At present, DeFi has mature projects in lending, trading, derivatives, stablecoins, insurance, etc. There are a certain scale of agreements and products such as Compound, Aave, Uniswap, Balancer, Curve, Maker, Nexus Mutual, and there are now new generations. With various experimental protocols and products such as YFI, YAM, AMPL, SushiSwap, and more are still on the way, DeFi has entered a dazzling stage.
DeFi already has enough Lego blocks to build more valuable agreements and products, and DeFi has reached the stage of accelerating its outbreak.
DeFi threshold
At present, the number of DeFi users is about 400,000, which is about 1% of the current user scale in the encryption field. Specifically in the DeFi project, there are currently about 280,000 Uniswap users; Compound has about 50,000 users, Maker has nearly 20,000 users, and Synthetix has less than 10,000 users.
Judging from the above user scale, although the recent wave of mining and farming seems to be raging, the entire DeFi is still in a very niche stage.
While DeFi is in a very niche stage, a very important reason is that the current user barriers to use are very high. For most users, to use DeFi, they need to face the wallet registration, wallet key management, wallet and protocol interaction, and then it also involves various more complex things such as lending, trading, mining, and synthetic assets. Interaction, various arbitrage strategies, and mining strategies are too difficult for ordinary users.
These operations may be nothing to the core players, but for large-scale ordinary users, it is a very headache. If you want ordinary users to participate in DeFi, these are the problems to be solved.
Not only is the threshold of user experience high, but the DeFi project is developing very fast, even the core users of DeFi can't keep up with this rhythm, let alone ordinary users. For example, in recent liquid mining projects, fresh "fruits and vegetables" are coming out every day, and ordinary users have no way to start, and they don't know how to choose.
Not only is the use threshold high, the selection threshold is high, but the cost threshold is also high. During the peak period of mining, the cost of hundreds of dollars at every turn is unbearable for ordinary users.
Finally, for ordinary users, what is even more frightening is that they do not know the potential risks, which may cause significant losses.
All in all, the DeFi field is currently on the eve of its gushing development. It is necessary to have a DeFi aggregator that can be used by ordinary users and experienced users. It can give users directions and make it more convenient for users to participate in DeFi without worrying about complexity. Operation, high cost, selection, safety and many other issues.
Bella's one-click aggregator
The booming development of DeFi has brought upward space to the aggregator. Bella is also an aggregator of DeFi. It focuses on one-click solutions, trying to allow ordinary users to participate in DeFi.
The core concept of Bella is a one-click aggregator. The one-click aggregator means to simplify the user’s various complex operations on DeFi as much as possible, leaving the complex operations to the bottom layer of Bella to deal with, and the user interaction level will continue to move closer to the "one-click" foolish operation. . This is valuable not only for new users, but also for old users. For example, users who participate in liquidity mining can have lower fees, fewer operations, faster speeds, and higher returns. Bella can mine through more complex arbitrage strategies, and users do not need to operate back and forth in various liquid mining protocols, which can save operation time, reduce costs, and increase revenue.
Bella's product planning
Bella one-click
Bella's one-click is mainly to provide users with intelligent aggregation of mainstream DeFi products, aggregate various protocols and projects, and have one-click operation portals.
Bella loan
Bella Lending is a decentralized lending market that can mortgage mainstream encrypted assets and liquidity pool LP assets for lending.
Bella savings
Users deposit assets in Bella, and Bella conducts arbitrage through complex strategies between various agreements to help users who deposit assets obtain benefits, including protocol arbitrage, liquidation, and liquidity mining.
Bella Robo Advisor
This part of the product provides users with personalized risk management of encrypted assets. Users set up personal exposures, index ETFs, enhanced stable currency strategies and other robo-advisors based on their own risk preferences. Bella's token mechanism Bella's token, BEL, is a governance token with a total of 100 million, 50% of which are used to guide user growth and community incentives, and 10% are used for pledge rewards. The uses of BEL tokens mainly include fee discounts, pledges, and governance. First of all, BEL token holders can enjoy a discount on service fees, which is similar to the exchange's platform currency. For example, when users use Bella's robo-advisory service or DeFi agreement custodial service, the service fee will be discounted. The second is that the pledge can obtain corresponding rewards for the issuance of tokens. In this way, for users who hold BEL tokens, the impact of inflation in the first two years can be offset. Finally, BEL tokens can be used for community governance. Users can pledge BEL tokens to make proposals and vote on future product iterations and parameter changes. Conclusion
One-click DeFi aggregator has two most obvious benefits. One is that one-click can greatly reduce the operating threshold of ordinary users, and the other is that the aggregator can also reduce user costs and increase the potential benefits of users. This is valuable for ordinary users and even experienced users to participate in DeFi. The more DeFi develops, the greater the demand for one-click aggregators. I look forward to Bella's exploration! -----Risk warning: All articles of Blue Fox Note cannot be used as investment advice or recommendation. Investment is risky. Investment should consider personal risk tolerance. It is recommended to conduct in-depth inspection of the project and make your own investment decisions carefully.