Hello Everyone, currently DeFi Project has become a trend in the crypto world, with greater profits making defi developers and investors compete with each other in building defi projects, and one of the defi exchange platforms namely Uniswap has managed to penetrate more than $935 million in volume sales by September 2020 And by that time the fees on each sale have reached a top value of more than $30 for each transaction. Is it worth it?
DeFi has indeed become one of the most lucrative areas for investment, with the benefits given reaching hundreds or maybe thousands of percent, therefore DeFi hunters are also competing to invest in it. However, because the pool on the Ethereum Blockchain cannot accommodate the spike in transactions on DeFi, the fee value increases to a higher value.
Not only in the Echosystem Ethereum Blockchain, also DeFi Project has developed quite rapidly in the Echosystem EOS Blockchain, one of the DeFi projects, namely Defibox, which was developed by the Dancor Foundation. Defibox itself was launched on July 21, 2020 and to date it has reached more than $24M swap value, also Defibox has launched Gouvernance token BOX tokens which to date has reached more than $12M Marketcap.
In addition, Defibox issued BOX tokens on the EOS mainnet. The total supply of BOX is 100 million. No private placement, no pre-mining, no reservation and 100% output by mining. BOX token holders have the right to choose important parameters from the various DeFi Defibox protocols, they will be the decision-making participants of Defibox, and BOX holders will benefit from voting governance
Just like other DeFi platforms, Defibox also provides several advantages when using the Defibox platform, such as Liquity Mining with a total APR of up to 200%, Swap mining, USN Generation Mining, etc. For further explanation, you can see the article I have made
EOS for DeFi
On the EOS Blockchain, transactions are only charged 0.1 EOS for more than 20 transactions, and since Defibox is built on the EOS Blockchain network, the fees for DeFi transactions will also be greatly reduced.
Another advantage of DeFi transactions on the defibox platform is that by only paying a one-time fee for 20 transactions, defibox can make transactions in real-time and there is no need to see an increase in fees due to excess transactions.
Transaction Secure
Security Defibox smart contracts have undergone multiple audits by many well-known security companies, which effectively protect the security of user assets. The Defibox smart contract has also passed audits from well-known blockchain security companies (PeckShield and SlowMist), providing significant assurance for code security, while for smart contract security reports audited by PeckShield and SlowMist
PeakShield Audit Report : https://support.newdex.net/hc/en-us/articles/360048886631
SlowMist Audit Report : https://support.newdex.net/hc/en-us/articles/360048886891
In addition, the defibox platform is very easy to use on the website. but unfortunately for now defibox has not launched an application for Android and iOS users, but the defibox platform can still be accessed via a Mobile Wallet that supports Dapps EOS Blockchain such as MEET.ONE, Pocket Node, Math Wallet etc. Meanwhile, PC users can use wallets such as Scatter, Leaf Wallet, Pocket Node, Anchor etc.
Defibox for Future
starting more than 1 month since the Project Defibox was launched, it can be said that it is quite fast and efficient, to date more than 20 DeFi EOS Blockchain projects have been registered in the Liquidity Pool, this figure is expected to increase along with the future defi prospects, Especially in EOS Blockchain
Defibox has also listed their gouvernence tokens on several centralized exchanges that allow any investor or trader to trade BOX tokens such as BIKI, newdex, hoo exchange, bigone and others.
Conclution
As the defi application development project continues to develop, defibox will become a very important platform, especially on the EOS Blockchain. Apart from that, Defibox also implements multi-signature contract accounts, which decentralize asset management rights to EOS BPs. Multi-signature means that every modification and implementation of the contract is confirmed by multiple parties. Only if enough nodes have been co-signed and confirmed can the latest version of the smart contract be successfully applied to the chain. Therefore, it is absolutely impossible for the Defibox Foundation to misuse the user's contract assets.
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