Hello everyone its my second post of week 4 I hope you all are good and happly enjoy the steemit
So , let’s start the task

after doing research of two days I've got this article ready will I hope it will help you guys I know it's a bit long but now I can't delete anything from it .

I just saw there that it's bit long after finishing it so next time I will try to make a small definition in small explanation but I thought that everybody is explaining too short and I should try to explain it in a little bit detail .

friend has right I have a little bit issues with a few tokens that I don't have much information about them like I don't have much information about them So I spent two days on this and I hope that you guys will learn something from this thank you so much now let's get into it

Maker

today we will talk about this reaily amazing token that mot of us .

dont know that what it is so pay focus and lets start from the basic what is maker.

maker or mkr is a governance utility in recapitalization token created by maker dao its primary purpose is to underpin maker dao's stable coin the dai token and enable governance for the dye credit system the holders of mkr become stakeholders and therefore decision

makers in the broader maker ecosystem distinct from fiat collateralized stable coins that are pegged to a currency like the us dollar.

maker dow uses maker to balance dai as prices fluctuate to accomplish this maker tokens are created and destroyed in response to dai price

fluctuations when the value of dai dips more maker is created and when dai goes up less maker is needed maker keeps the dai coin at the same value as the us dollar so one dai always equals one dollar buyers

generate dai through a collateralized debt position or cdp which acts like a loan ether is used to purchase a cdp that is held as collateral against the loan much like a house is held as collateral against a mortgage when the loan is repaid the dai is burned or destroyed

if the ethereum price falls so quickly the dai t can't keep up maker is created and sold on the market to generate more collateral .

another thing that makes maker unique on the maker down platform is the emergency shutdown used as a last resort the emergency shutdown will stop and settle the maker protocol to ensure that everyone on the platform including cdp and dye users receive the net value of the assets to which they are entitled so the maker system is always protected against a serious threat

Compound

what is compound
compound founded by the economist robert leschner is a decentralized finance or d5 protocol .

it is built on a system of accessible smart contracts built on the ethereum blockchain

compound allows lenders to provide loans and borrowers to take them out by locking their respective crypto assets in the protocol

its native token comp enables users to earn interest transfer and trade their money

comp tokens are created each time a user deposits their crypto assets into compounds protocol those users automatically receive the comp equivalent of the deposited currency as collateral

when making a anyone can create comp using an ethereum wallet and any of the crypto assets that compound accepts these tokens automatically earn the user interest and they can be redeemed for the corresponding cryptocurrency at any time

the interest rates are determined by supply and demand changing with each block that gets mined other than earning interest on your crypto assets

compound allows you to borrow crypto your collateral has to stay above a minimum amount when borrowing these assets or else compound will liquidate your collateral to repay the loan once loans get paid back the locked
assets are allowed to be withdrawn at any time when a user's crypto assets get converted into an erc20 compatible form they are freely tradable and movable

they also become available for use in other decentralized applications this allows the ability to combine different protocols and building blocks

the most significant d5 protocol feature compound focuses on giving users more control and better access to their crypto assets while they earn and save they aim to be completely

decentralized over time and transfer authority of the protocol to the decentralized autonomous organization which is governed by the community

Synthetix

well i am writing this it might be little long but its important for you to understand what it readily is that's why i am trying to give you basics and the whole story from the start now what is the synthetics network built on ethereum

the synthetics network is a token trading platform established in 2017 the network has plans to bring the same sort of commodities currencies stock trading and other assets ruled by traditional financial centers in hong kong

wall street and london into the decentralized economic world of cryptocurrencies users of synthetics are able to use erc20 tokens to bet on stocks crypto assets currencies precious metals

and other financial assets the price of real-world assets such as precious metals are copied over into digital synthetic assets or synths

these synths are tokenized on the ethereum blockchain with all the qualities of erc20 tokens

however holding a real world asset isn't the same thing as holding a synth for instance real and synth

mkr tokens each have exactly the same price but the holder of a synth token doesn't have the same voting rights that the holder of a real maker token does in essence synthetics

users are able to benefit from an upswing in an assets price without actually holding the asset based on a system of staking inflation fees and collateral the synthetics network

uses an infrastructure made up of more than one token generally one of two types they include the previously mentioned synths

the main synthetic network token itself in the synthetics network synthetic us dollars are created by locking up

the synthetics network token is a similar system to that of maker dow where dye is created by locking up eth in synthetics since acts as a collateral while synthetic usd stands in as deb

the biggest difference between maker dao and synthetics is that snx can conceivably create any synthetic asset in other words snx isn't just the collateral used to create synthetic usd

one of the synthetics network's core benefits is its ability to gather accurate data from networks outside of the blockchain that information may take the form of prices of various stocks or currencies around the world such as the swiss franc or japanese yen to gather this data

the synthetics network has partnered with chain link and their oracle system to dependably bring data to the ethereum blockchain in a decentralized way

Uniswap

this one is unique so pay focus about this one and you will learn many new things now

Uniswap was created as a trustless, decentralized financial exchange or DEX

which allows anyone to take part in the financial transactions of Ethereum-based tokens, without a central body or middle man.

It’s committed to giving users permissionless access to financial services with security and immutability, and without the fear of discrimination or counterparty risk.

Staying true to the ideals of decentralization set out by Ethereum Since it’s built on the Ethereum blockchain, using smart contracts, Uniswap replaces traditional centralized market tools like exchange listings and limit-order books with automated and permissionless liquidity pools executed purely by algorithms.

Liquidity pools? What’s that? On Uniswap, liquidity pools are pairs of ETH and ERC-20 tokens, which are swapped and exchanged by traders.

Popular liquidity pools include ETH and WBTC, ETH and DAI, ETH and USDT, and ETH and USDC. Participants who add assets to these pools are known as liquidity providers or LPs, and earn a proportion of the transaction fees for their contribution.

Anyone can deposit their Ethereum tokens into a shared liquidity pool on Uniswap and start earning trading fees.

There is also no minimum deposit to join the pool, so you can start with any amount, as long as it’s an exact 50% ratio between the two tokens.

All you have to do is connect an Ethereum-based wallet such as MetaMask. Tokens can be swapped right from the wallet itself, and you get to maintain ownership over your private keys and tokens.

Uniswap is now the largest decentralized exchange in the crypto space, and for many, the magic has just started.

bZx

decentralized margin Commerce and is the designed into any exchange the b0x network builds on the rear of 0xs advancements by introducing the power to conduct margin commerce and margin lending on a decentralized exchange margin

commerce is that the appliance of borrowing from a broker within the sort of short loans to buy stock margin accounts modify

a lot of Commerce selections popular a lot of advanced traders however they're out there with a lot of risks within the current cryptocurrency

landscape margin commerce is simply very doable on centralized exchanges due to the shortage of liquidity available on decentralized platforms

the simplest explanation of margin trading is that you square measure commerce cryptocurrencies exploitation borrowed funds it involves borrowing capital at comparatively high interest rates from a crypto currency exchange

thus you'll access increased leverage this permits you to access accrued profits if the market moves in your favor however also come with the risk of increased losses

existing problems in margin trading

it is necessary to acknowledge that risky margin trading within the cryptocurrency market will cause to forceful outcomes a vast gain or a vast loss most traders struggle to take care of the initial loss and square measure tempted to initiate in additional risky trades to hide their losses

ultimately this kind of trading technique will cause significant losses particularly if the initial amount used in margin trading is large traders and lenders

two core parts of the rising decentralized Plus ecosystem presently should choose from decentralized exchanges with restricted functionality and centralized exchanges with restricted control

each party suffers from this trade-off between security and features lenders forego remunerative interest because they can't give funds for margin trading on decentralized exchanges and traders

using decentralized exchanges cannot access the ability of leverage or short as a result of their exchange doesn't facilitate

margin trading as the number of lenders traders and decentralized exchanges grow the demand for a solution which will that may enhance decentralized exchanges with margin trading will still increase

solutions from the bzx network

bzx could be a localized protocol that permits lending and borrowing for margin trading

the protocol can be simply integrated into new and existing exchanges or accessed merely through the native bzx portal the bzx protocol Bennett's

lenders traders and localized exchanges lenders are able to loan their tokens for a lucrative interest while not risking moving their assets onto centralized exchanges which will be compromised likewise traders are able to margin trade while not moving their assets onto centralized exchanges which will be compromised finally decentralized exchanges Bennett from increased volume better feature provision and trading fees

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