Bitcoin's enthusiasm has reached an all-time high recently. Some people will mention the relative maturity and increased liquidity of the market, which means that a large number of transactions can now be conducted without causing excessive market volatility. Others will mention the unusually high volatility, high returns, etc. of this asset class (compared to the stock market, the possibility of extreme values is greater). The background of Bitcoin and its limited supply (somewhat similar to digital gold) has also been highlighted, which makes it increasingly attractive in a world where asset prices are inflated and monetary and fiscal policies are out of control.
For investors, distinguishing between cryptocurrencies (especially Bitcoin) and decentralized financial products is a good starting point. So far, most institutional investors are only interested in holding bitcoin (or bitcoin futures), and few investors will get involved in more exotic DeFi products.
Today, we will take a look at a peculiar DeFi product.
Maintain interest in the market: DeFIL may have done it
However, DeFi is still in its infancy, and liquidity is still too weak compared to more mature asset classes. In order to ensure the market's interest in DeFi products, whether it is the asset layer or the application layer, what is needed is truly transparent application scenarios and real needs.
After the Filecoin mainnet went live, because FIL itself has storage mortgage application scenarios, the market FIL has been in a stage of short supply. This gives the DeFi market a new opportunity.
As the first booster for the development of the Filecoin ecological network, the DeFIL platform has already announced its extraordinary path to DeFi.
One solution is an agreement. Based on the Filecoin project, DeFIL.org is committed to building a decentralized platform that combines FIL mining pools and DeFi. Its main purpose is to increase the liquidity of FIL and solve the problem of FIL miners' demand for pledge coins, so as to promote the Filecoin network more Development and growth in a healthy and sustainable way.
The DeFIL platform, with its hard-core underlying technology and innovative financial concepts, has created a new DeFi experience for global FIL investors and miners, and opened up a new financial form and application scenario for the Filecoin era and DeFi.
As a product of the combination of the Filecoin network and DeFi, DeFIL.org provides a perfect incentive plan, namely interest + liquidity mining, to guide users who are preparing for long-term investment and already holding FIL to temporarily lend their FIL to miners. While the miners pledge their coins to their pain points, they can also obtain additional benefits through the project. FIL holders depositing FIL can not only get high FIL interest, but also get additional platform token DFL rewards, and pledge DFL can also get interest dividends.
Finally, the interesting point is that Filecoin miners can obtain FIL to participate in Filecoin mining by pledge of mining machines and computing power to the mining pool through the DeFIL platform, without the need to pledge additional assets.
The most concerned risk issues of the market
Although the DeFi ecosystem has shown some benefits, it has not yet fully released its potential. Compared with the traditional financial system that we are accustomed to, as a young financial system, the entire crypto world is still developing and in the process of solving various problems. The risk problem should be solved fundamentally.
(1) Decentralization: Different from the DeFi products launched by traditional centralized exchanges, DeFIL.org is deeply involved in the global well-known mining pool alliances: FILPool, AEX, LDPool, etc., and jointly acts as a platform credit endorsement, from various transactions Eliminate middlemen in China. Since the center of DeFi operations is smart contracts instead of centralized systems or manual controllers, it can be deployed and run quickly, almost without manual intervention, and at lower cost. This also means that users do not need to entrust their own funds to a third party, so users can directly control their own funds.
(2) Openness and transparency : the creation of a consensus link, a consensus network established with countless FIL investors, the help of the multi-dimensional strong alliance and the FIL ecological builder to ensure that the holders of eFIL on the DeFIL platform can at any time Its assets are 1:1 converted into FIL; all transactions are transparent on the blockchain, written into the bottom layer by smart contracts, and anyone can view or audit. This transparency can build trust with users, because anyone has the opportunity to verify and understand the function of the contract or find errors. No one has the right to interfere, thereby ensuring the true validity of transactions on the entire network.
With the underlying consensus of DeFIL.org and its own strong technical strength, as well as the world-renowned mining pool alliance to escort investor transactions, it is believed that DeFIL.org will eventually become the super engine of the Filecoin era.
DeFi is at the forefront of innovation in today's blockchain field. The revolution is here and will continue. It is undeniable that Filecoin, as the incentive layer on the third-generation Internet basic protocol, needs to achieve a good balance with DeFi.