The growth of DeFi has been nothing short of meteoric, with investments in DApps and the use of applications snowballing over the course of 2020. With the development of low-cost DeFi loans as a viable alternative to centralized lenders, could we see the lending landscape change forever over the coming years?

The Potential of DeFi

To be considered decentralized finance (DeFi), a financial platform needs to feature one or more decentralized functions. These generally take the form of using distributed ledger technology, like blockchains, rather than storing records in a centralized manner. This places the decentralized governance of platforms in the hands of token holders, rather than a ruling board, meaning the use of decentralized information feeds and algorithms work to determine factors of loans like interest rates and currency values.

Most DeFi platforms take the form of decentralized apps, or DApps, as they’re commonly known. DApps use smart contracts to automate financial transactions, making them quicker, more efficient and much more affordable than the services that are offered by traditional banks or centralized loan companies. Because DApps are fully governed by computer code, they’re also naturally unbiased.

This automation has paved the way for some interesting new financial instruments to enter the lending landscape. Notably, ‘flash loans’ has entered the fray as a new form of loan that can be taken out and paid back in a single transaction. These loans enable users to borrow funds, convert or trade them across various platforms and then pay back the amount owed all within moments. Smart traders typically use flash loans as a means of taking advantage of cryptocurrency market fluctuations to generate a quick profit.

Perhaps the most exciting aspect of DeFi is how the ecosystem offers people more control over their finances as well as more interesting ways to use it. Centralized finance generally excludes individuals from its services, reserving the best instruments for those who have funds - contributing to increasing the wealth gap. However, DeFi projects aum to make investment and trading more universally accessible, with lower minimum investments and platforms that are easy to use via smartphone from anywhere in the world.

Understanding DeFi Loans

With DeFi applications like Maker and Compound, anyone can take out a loan of any size without having to disclose their identity to a third party and can be granted their funds in a matter of minutes. Typically, DeFi lending providers issue loans in stablecoins like DAI or USDC, with new platforms extending their capabilities to more volatile crypto markets like ETH, BSC, BAT, ZRX and REP.

All loans are primarily secured using cryptocurrencies as the underlying collateral, and with the development of smart contracts - blockchain-based contracts that can automatically be brokered and executed without the mediation of any third party or centralized middlemen - users can immediately pass the due diligence process by simply staking their assets in their blockchain wallet as proxy.

What is Etna Network?

Etna Network is A Digital Asset Lending Platform where not only coins and tokens can be used as insurance, but also NFT, computerized terrain, and that’s just the tip of the iceberg. Important NFT holders can now take credit by utilizing NFT like insurance, this is undoubtedly a distinct advantage.
Etna intends to make it natural and simple for clients to jump effectively while working on stage without claiming various wallets. Its mission is to create a holistic biological system, a single foundation of interconnected crypto-type advancements that works for both those who succeed and those that don’t. ETNA Network is building on advances in DeFi, gaming, and NFT. A brief outline of this innovation is as follows:

DEX Hybrid

Liquidity Protocol where clients will approach many advanced resources. A trade where the complexity that accompanies exchanging digital forms of money is a relic of the past. With the new Broker-Buyer-Type (BBT) exchange instrument, clients with zero experience actually want to exchange easily.

Gaming Technology

The gaming stage where ordinary games can be delivered and combined with blockchain. Works for game designers and players. With game resources printed into NFT, individual groups of people can claim those game resources and gain sovereignty that grows with the fame of the game.

NFT Marketplace

where clients can buy and sell significant NFT on the spot. You can buy and sell NFT just like you would for tokens/coins in trading. ETNA can achieve this with its NFT price locking system, in essence, the value of each NFT equates to some measure of hidden money. This is very interesting because each NFT exchange dynamic is designed according to the mathematical value demand bend. With this, holders will surely appreciate the value appreciation and ensure ease of exchange back.

A Cross-Chain component that works with resource adaptability across the blockchain. This is great because it will empower the achievement of NFT’s native completeness.

DeBank

DeBank which is the Lending or acquiring stage of ETNA has been submitted to the BSC. Currently supports borrowing and acquiring seven tokens or coins specifically BNB, ETNA, ETH, BTC, BUSD, USDT and DAI. It also supports storage of all ETNA NFTs and clients can already use those NFTs to take credits. DeBank ETNA also allows ETNA token holders to take income-free credits on a consistent basis. It is also the first of its kind in the crypto space. Currently more than 4,500,000 ETNA and more than 2000 NFT have been deposited. In addition, more than $200,000 without interest has been taken.

NFT ETNA Marketplace

NFT ETNA Networks is a game resource that will ship in upcoming games. Currently, there are more than 30 NFTs exchanged in the commercial center of the ETNA Network, these NFTs involve game characters, weapons, secret parts, animals and much more.

ETNA Tokens

ETNA is local money from the ENTA Network environment which is used for various Defi capacities such as lending, acquiring, dealing and buying NFT, and for spending.

Token Token Name: ETNA Network
Ticker: ETNA
Type: Binance Smart Chain
Full-scale supply: 100,000,000
Staking: 40,000,000
BBT Marketplace: 30,000,000
how to buy at Pancake: https://exchange.pancakeswap.finance/#/swap?outputCurrency=0x51f35073ff7cf54c9e86b7042e59a8cc9709fc46

Resource Allocation

Presale: 10,000,000
Liquidity: 6,000,000
Team: 3,000,000 (locked for good)
Upgrade Fund: 5,000,000
Partnership: 5,000,000
Foundation: 2,000,000

ETNA Token Utility

Lending Platform: no progress interest can be taken by Utilizing ETNA Tokens.
BBT Market: ETNA can be used as collateral as Proof of Insurance Mechanism
NFT Market Currency: NFT Marketplace supported cash is ETNA used to buy and sell in-game assets and other NFT
Rewards: ETNA can be used as Treasures and grants in the game part of the ETNA organic framework

Roadmap

In conclusion

At ETNA,we believe that NFTs are here to stay and offering users the option to leverage their assets without selling them will bring a new wave of innovation in the space.

As we are getting closer to mainnet launch, we are preparing to bring new upgrades to our core product and make fast loans and pool lending a reality for our users.

Thanks for reading and stay tuned for more updates! Don’t forget to stay in touch, check out our Website and follow us on Twitter, Telegram and Discord.

Accurate Information etna.network :

Website: https://www.etna.network/
Whitepaper: https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram group: https://t.me/EtnaNetwork
Telegram channel: https://t.me/EtnaChannel
Discord: https://discord.com/invite/dbuEXdm
Youtube: https://www.youtube.com/channel/UCgkP_qjdYSZ8iesrz5kK0YQ

Author

Forum Username: delima01
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2745920
BEP-20 Wallet Address: 0xB71956D4398f40516FDf5CBF69286Cd99edAB25B