DefiKing,theevolutionofDeFi

On Chinese CCTV has caused an unprecedented DeFi fever in the Chinese market. Overnight, early investors gained huge fortunes and had a lot of fun along the way.

Compared to DeFi, the DefiKing public chain, which emerged from DeFi as a latecomer, is more disruptive to the market because it not only optimizes the DeFi ecosystem, but also opens up a vast commercial blue ocean for prophecy machines in the dimension of trusted data services.

01 Emerging from DeFi

Launched by the community, DefiKing is a DeFi technology contract protocol container supporting cross-chain, consisting of multiple protocols capable of providing different DeFi capabilities, including: dTrade, dOracle, dComposite, dPrivacy, dMatrix five core protocol modules covering cross-chain, prophecy machine, decentralized synthetic asset issuance privacy protection, decentralized collateralized stablecoin savings/lending and other application categories, and open source the DeFi standard modules and protocols provided by the DefiKing platform to all ecological applications, providing open interfaces for different platform integrations to achieve connectivity with major master chains and ecologies.

DefiKing's goal is to provide high-speed, low-cost next-generation decentralized open financial infrastructure for DeFi market participants, including users, developers, financial market institutions, and both sides of financial market transactions, and to open source the DeFi standard modules and protocols provided by the DefiKing platform to all ecological applications, provide different platforms with integrated open interfaces, and realize the connection with The DefiKing platform provides DeFi standard modules and protocols open source to all ecological applications, providing different platforms with integrated open interfaces to achieve connectivity with major master chains and ecologies.

To support the faster arrival of the open financial era advocated by DefiKing, the DeFi technology contract protocol container was conceived from the ground up with ease of use and developer-friendliness as the core idea, allowing project owners and developers to focus on DeFi product operations rather than delving into technical challenges through modular development features and open platform protocols. For example, developers can focus on how DeFi can be applied to their business logic, and simply choose the modular features that best suit their needs from the DefiKing protocol container.

Once the module and protocol options are decided, DefiKing provides a toolkit that may even deploy a brand new DeFi application for the project before the specific business logic required for the application has been fully developed.

This way DefiKing can greatly reduce the threshold for developers, which, combined with the fast concurrent processing speed and low fees of the CWV2.0 master chain, will attract more developers and help a large number of DeFi applications emerge on DefiKing, quickly forming a DeFi ecosystem with a siphon effect.

02 Explosion in DeFi, much more than DeFi

Many investors lament that the DeFi car seems to have braked, such as YFI, which has successfully doubled 10,000 times in 43 days, and the YF series of DeFi coins, while the DeFi coins that are driven by FOMO ((Fear of Missing Out) sentiment without actual value support may come and go quickly.

DefiKing provides value by way of smart contracts to aggregate the supply and demand side of liquidity and redistribute the revenue composition, popular application scenarios include but not limited to.

1) Lending market, aggregating the two sides of lending and borrowing.

2) Prophecy machine, aggregating price sources and data demand sides.

3) Asset cross-chain protocols, aggregating the supply side of providing escrow services and the demand side of asset cross-chain.

4) Decentralized trading protocols, aggregating traders (Taker) and liquidity providers (Maker).

From the above application scenarios, it is easy to see that DefiKing's goal is to provide a high-speed, low-cost, next-generation decentralized open financial infrastructure for DeFi's market participants, including users, developers, financial market institutions, and both sides of financial market transactions.

We believe that DeFi will be the inevitable trend of historical development, with incomparable advantages in enhancing privacy, fairness, asset security, reducing financial costs, and de-trusting, etc. DefiKing will be based on the principle of openness, and any user, developer or institution can use DefiKing to build products, services and applications, and realize value-added.

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编译者/作者：区块链加密狂人

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