Intro
Decentralized finance (DeFi) is a next gen financial technology based on secure distributed ledgers similar to those used by cryptocurrencies. This is accomplished through peer-to-peer financial networks that use security protocols, connectivity, software, and hardware advancements.The system removes the control banks and institutions have on money, financial products, and financial services.It eliminates the fees that banks and other financial companies charge for using their services.You hold your money in a secure digital wallet instead of keeping it in a bank.
Anyone with an internet connection can use it without needing approval.
You can transfer funds in seconds and minutes.
From anywhere you have an internet connection, you can lend, trade, and borrow using software that records and verifies financial actions in distributed financial databases. A distributed database is accessible across various locations; it collects and aggregates data from all users and uses a consensus mechanism to verify it.
Dapps
DeFi works through decentralized applications or dapps which give users more control over their money through personal wallets and trading services that cater to individuals.
How Does DeFi Work?
Decentralized finance uses the blockchain technology that cryptocurrencies use. A blockchain is a distributed and secured database or ledger.
In the blockchain, transactions are recorded in blocks and then verified by other users. If these verifiers agree on a transaction, the block is closed and encrypted; another block is created that has information about the previous block within it.
BNB Chain
In 2017, Binance and BNB were born. Three years later, Binance Smart Chain (BSC) was introduced to the world. As Binance grew bigger and stronger, so did Binance Smart Chain. BSC was born in time for the DeFi revolution, as the public showed increased interest in alternative financial solutions and use cases powered by blockchain. Today, both Binance and BSC remain connected by BNB.
What is BNB Chain?
Innovation never sleeps, and it’s clear that the future goes Beyond Binance into a world of over 1 billion users. MetaFi is also a key part of this too, helping to create a future where interoperability makes lives easier. BNB Chain’s mission is to build the infrastructure powering the world’s parallel virtual ecosystem, and BNB Chain’s commitment to the community is that it will be: Open,Multi-chain,For creators and inventors,Permissionless,Forever decentralized
BNB Chain is comprised of:
BNB Beacon Chain (previously Binance Chain) - BNB Chain Governance (Staking, Voting)
BNB Smart Chain (BSC) (Previously Binance Smart Chain) - EVM compatible, consensus layers, and with hubs to multi-chains
Introducing MarbleCake
Marblecake creates services for Decentralized Finance. The project develops solutions for the trading, farming & staking of cryptocurrencies as well as tokenized assets such as tokens pegged to real world underlyings.
Networks
In its genesis, Marblecake offers its products on the Binance Smart Chain. Subsequently, the project will integrate with Polygon, Avalanche and other blockchains. In keeping with the aim to facilitate trading with low fees, secure transactions, high speed, Marblecake will deploy on cost-efficient blockchains ex-
clusively. As large groups of retail investors will enter the DeFi sector the coming years, Marblecake seeks to cater to this growing segment. By making DeFi services easier to use, controlling risks & providing a smooth User Experience, the platform will present an excellent starting point for this target group. More-over, Marblecake builds on improving risk-to-reward ratios skewed to the latter, implementing verification systems for tokens among other features.
Yield Farming
Users can add liquidity by supplying two pairs of tokens and thereby earn 0.17% on every transaction made in the pool. In addition, yield enhancement development (slated for Q4, 2022) will provide additional tools to increase returns on farming and staking. The team is working on a yield aggregation feature that will maximize yields with automated investment calibration, which will make the process more user-friendly and well suited for DeFi beginners.
Marble Pegs
In addition to the DEX, Marblecake offers native pegged tokens. These assets offer traders a more economical way to utilize otherwise expensive real-world assets. Marble Pegs form a fundamental element in the ecosystem as they enable users to trade ‘external assets’ such as Fiat currencies without leaving the blockchain. The development & marketing of pegged tokens will intensify throughout 2022 as DeFi will eventually enter another upswing, increasing the need for tokenized assets - Marblecake will be at the forefront of it.
About the Author
Joseph Johns is a successful Emergency Medicine Physician and an ardent cryptocurrency and Blockchain connoisseur
Bitcointalk Username Jaered
Wallet 0xF7afFbB1144Ffe4F59eD43fF63c65de6639fAA11
#Marbledex #mARBL #Binance #DEX