About KeyTango
keyTango is a Web3 application created interface that struggles with UI / UX and which is very easy and secure, complex that looks straight from the Bloomberg terminal, Unlike YFI which considers DeFi and also KeyTango to act as a gateway for everyone to access various products DeFi and services easily in one place, quite familiar with Deep DeFi, Keytango offers a UI / UX that is easy to understand and navigate, which Offers you with content and suggestions that are customized based on your experience level and blockchain history, and the Application is also flexible, adapting skills and the experiences that everyone in the Blockchain industry has.
KeyTango Potential Defi
Since last year, the term DeFi (Decentralized Finance) has become a very busy conversation, not only among the blockchain industry but also the financial Ecosystem in general, DeFi also has several other terms that can be called, among them 'Finance 3.0', ' open finance ', or' affordable finance '. DeFi can also be interpreted as a financial system that is run on a decentralized blockchain network system.
KeyTango is an excellent platform for retail investors to find, study, and invest in DeFi service products such as crop farming and liquidity pools, KeyTango believes DeFi is meant to be more inclusive.
a DeFi newbie starting today, this series of articles will break down some of the main concepts of DeFi into layman's terms.
Oracles on is a service for third parties that enables smart contracts in the blockchain that receive external data from outside their ecosystem, the Oracles themselves act as a source of various data that can be entered into smart contracts, which can allow them to access data and real time that is not yet on- chain, which is most often the accurate asset price in the smart contract.
The risk of the price oracle, this risk is that the price feed can be manipulated and the wrong price is entered into a smart contract, it is very wrong to reduce or increase the price of an asset, creating arbitrage opportunities for manipulators. The effect of this manipulation is further amplified when the attacker applies a quick loan to take advantage of the arbitrage opportunities created for price manipulation.
Overall, decentralized finance has seen a very remarkable development and growth in 2020 last year. here Oracle Blockchain has played a very important role in the development of DeFi (Decentralized Finance), because Oracle Blockchain improves the reliability and accuracy of data across various DeFi protocols.
KeyTango relies on a decentralized Oracle platform, the DeFi protocol that can save time as well as resources while driving innovation in other areas of decentralized finance. To reduce price oracle risk exposure, investors can also use a platform that does not rely on price oracles, using damage-resistant price oracles such as Uniswap V2.
Conclusion
keyTango is a project providing the easiest way to get started with DeFi. The KeyTango Web3 application is made for beginners who do not know what DeFi is and acts as a gateway, KeyTango also offers a very easy to understand and navigate UI / UX and provides users with a simple process to make decentralized financial decisions.
More Information:
Website: https://www.keytango.io/
Twitter: https://twitter.com/TangoKey
Telegram: https://t.me/keyTango
Medium: https://medium.com/keytango
Authors:
Username Bitcointalk: Soetikno
Bitcointalk Profile Links: https://bitcointalk.org/index.php?action=profile;u=897955
ETH Address: 0x5E7117c82b20CfFD85E4cc29118a83102Bcc9a27