I’ve been loving Solana!
It would surprise me, if I was the first one to mention this project, but it’s been one of my favorite projects to research and learn about. It’s got some really interesting new innovations that, I believe, can give it an edge over other DeFi projects, Proof of History (PoH), being just one of eight.
Hi, Amadeo. I found this peculiar project, and I’d like to know your opinion about this case. I’m not in favor nor against what they’re doing, so this is more like a question related to the topic of discussion. The project I’m referring to is Avalanche. I’d like to know if this project can be considered a DeFi project.
Website: https://www.avax.network/
Whitepapers: https://www.avalabs.org/whitepapers
They offer Dapp building solutions using Avalanche Consensus protocol. Allegedly, they’re exploiting the best functionalities of classical blockchain consensus algorithm but also working with PoS for their smart contracts. Some of the associated projects I’d like you to check are:
Vee Finance: https://vee.finance/home
https://www.coingecko.com/en/coins/vee-finance
They describe themselves as a DeFi platform that offers lending services for cryptos and traditional finance alike. If you check on the news, you can find this, where Avalanche and Vee Finance are involved: https://cryptoslate.com/another-hit-on-avalanche-as-vee-finance-exploited-for-35-million/
The next project is eCash/XEC: https://e.cash/
This project comes from the hard fork of BTC/BCH, the following hard fork of BCH/BCHA and now it’s “rebranded” as XEC. They use Avalanche consensus protocol, which is intended to be a mix of the UTXO untraceable functionality (CashFusion) and a VM that uses PoS to create smart contracts, to avoid hard forks (promising fork-free network updates) and to eliminate mining cost/environmental issues. They also suggest a possible expansion of the block size to 1TB.
So, my question is, even though they know the centralized/dark side of mining on blockchain, considering the protocol they’re selling has been showing a few security issues lately, and that they also work with CeFi and traditional markets, can Avalanche be considered a deFi project?
I think it’s a good idea to have a protocol with both PoW and PoS benefits, to operate with crypto (XEC), token (AVAX), and traditional fiats, but I don’t really know if it’s possible to cover all the security and technical issues related to this project.
Warm regards.
definitely should check out yfdai they are making moves and strides in the polygon ecosphere
This space is constantly evolving rapidly.
Pancakeswap is an automated market maker decentralized exchange and Moonbeam is very interesting.
Sovryn
wax defi would be a good addition
would be down with cream, but i don’t know enough about crypto attacks to know how they’d fix their most recent vulnerability…
Stoic needs to be in the DeFi ecosystem overview. Very interesting project that takes care of the time-consuming job of trading. Extremely helpful for individual investors who don’t have time for technical analysis, or it doesn’t interest them.
P2P Validator is another project that should be in the ecosystem overview as well. It is a great platform for staking offers competitive rates in a great user interface.
Name: TraderJoeXYZ
Category: Swap/Staking/Farming
Website: https://www.traderjoexyz.com/#/home
Medium Page: https://traderjoe-xyz.medium.com/
Github: https://github.com/traderjoe-xyz/
Docs: https://docs.traderjoexyz.com/main/welcome/master
Chain: Avalanche C-Chain
Anchor Protocol on Solana
Don’t know if Moonbeam was already mentioned, it doesn’t seem to be in the spreadsheet at least. There are quite a few projects using it blockchain monster hunt (gaming), banksea (oracle & lending), …
Hi,
I was checking through the comments here and there, there was one that caught my attention which is the https://coinloan.io/earn-interest-on-crypto/ The question I have is how do you know the building blocks of this defi apps? I was trying to know but was confused !
cheers
I’ve been using dharma to get usdc into v4Pooltogether on polygon (direct). Saves a ton in gas fees. Nice wallet, but private keys are not directly accessible.
+1. You can lend USDC on TraderJoe, and then have the profits automatically compounded using Snowball, for a ~18% APY
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