Decentralized Finance (DeFi) has grown to become one of the main applications of Ethereum. While the Open Finance initiative is, by nature, platform-agnostic.
Decentralized, non-custodial protocols offer several promising advantages over traditional financial products such as:
Transparency and price efficiency as prices are subject to market demand
Ease of access and speed when borrowing and lending capital
Censorship resistance and immutability
Juiceswap.finance
Decentralized, non-custodial protocols offer several promising advantages over traditional financial products such as:
Transparency and price efficiency as prices are subject to market demand
Ease of access and speed when borrowing and lending capital
Censorship resistance and immutability
Juiceswap.finance
“We are collectively walking into the uncharted territory of human coordination. The biggest collective challenge will be transitioning from "engaged" to "accountable" communities. With the incredible growth in public blockchain adoption and blossoming interest in open project governance, we are confident that Defi's community will transition to a fully accountable one in the years to come.”
The boom of decentralized finance (DeFi) in recent months has ushered in a new profit-making strategy for crypto traders, beginners and advanced alike. Decentralized exchanges (DEX) rely on liquidity pools to help power their market-makers. While the JUS Liquidity Pool is a new entrant in DeFi, it has already captured the attention of many users in the space thanks to its high APY and token JUS burning model
What is the JuiceSwap Liquidity Pool?
The JuiceSwap Liquidity Pool (JLP) is JuiceSwap’s own market maker. The funds that supply its pool came from the sale of pre-mined tokens and can be accessible in many other protocols and exchanges. In the meantime, projects that are supported by JuiceSwap will be the first to be able to tap the pool. The ticker for the pool is $JUS
The JuiceSwap Liquidity Pool (JLP) is JuiceSwap’s own market maker. The funds that supply its pool came from the sale of pre-mined tokens and can be accessible in many other protocols and exchanges. In the meantime, projects that are supported by JuiceSwap will be the first to be able to tap the pool. The ticker for the pool is $JUS
What Juiceswap Can Do?
One of the biggest DeFi use cases is decentralized exchange Juiceswap, which allows anyone to buy or sell coins directly with one another, with no need for a bank or broker to process the transaction. Trading volume at these exchanges is steadily growing, as well as liquidity, and they are even attracting traditional investors. They also offer faster trading due to their decentralization.
One of the biggest DeFi use cases is decentralized exchange Juiceswap, which allows anyone to buy or sell coins directly with one another, with no need for a bank or broker to process the transaction. Trading volume at these exchanges is steadily growing, as well as liquidity, and they are even attracting traditional investors. They also offer faster trading due to their decentralization.
DeFi liquidity pool is a smart contract that locks tokens to ensure liquidity for those tokens on a decentralized exchange. Users who provide tokens to the smart contract are called liquidity providers.
DeFi liquidity pools emerged as an innovative and automated way of solving the liquidity challenge on decentralized exchanges. They replace the traditional order book model used by centralized crypto exchanges, which was lifted directly from the established financial markets.
DeFi liquidity pools emerged as an innovative and automated way of solving the liquidity challenge on decentralized exchanges. They replace the traditional order book model used by centralized crypto exchanges, which was lifted directly from the established financial markets.
Smart contracts are self-sufficient; once they are entered into, the parties involved are not subject to external authority, only to the terms they agreed on. This feature also makes them free of manipulation, from either party, increasing the safety and security of contractual agreements.
As the industry matures, more resources will be allocated to build DeFi solutions. Currently, there are a handful of exciting developments and projects, either recently launched or launching soon, that have the DeFi community excited, and for good reason — community involvement is at the core of DeFi and one of the leading advantages over the traditional financial services markets.
The DeFi platform is definitely something to look out for and a revolutionary tool that will replace our existing financial services. With more and more users looking to adopt DeFi services, it will be interesting to see how DeFi or other types of Blockchain technology will integrate into our lives. The future of DeFi is bright and it is just starting its conquest towards traditional financial sectors
Launched in 2019, Binance Smart Chain is a blockchain platform developed by popular centralized cryptocurrency exchange Binance. Initially, it was launched to support the decentralized exchange Binance Dex. It has since expanded its scope to accommodate the growing number of developers migrating from Ethereum to use the protocol. It is gaining massive relevance, usability, and adoption due to its relatively fair gas price and speed. This has resulted in a record-breaking price of $349 per coin for its native BNB coin. The effort between Binance Smart Chain and Ethereum blockchain protocols should be seen as collaborative instead of competitive.
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