The Future of DeFi (EOS Focus)

The Future of DeFi (EOS Focus)

^{re-publication}

Brendan Blumer provides more than leadership at Block.One. He’s an outspoken advocate for the spirit of blockchain. Consider his tweets over the past few weeks and how they relate to one of the most promising areas in the industry.

DeFi takes lending to new levels. Where cryptocurrencies allow parties to exchange value directly, DeFi provides unparalleled leverage of latent assets. Crypto secures transactions comparably to personal handshakes. When finance is decentralized, it provides orders of magnitudes of leverage for a pool of users.

From Warehoused Clutter to Flowing Leverage. Assets are no longer inhibited by sluggish intermediaries or ghosted paper trails. DeFi, tokenization, and fractional ownership make valuation a more intricate part of everyday life. There’s less struggle in mixing and matching one’s professional pursuits with financial obligation. Factor in how newer, trustless, blockchain systems are smartly automated, and we can all live a life of creativity, not just financial freedom.

Watch what can happen when we take this DeFi concept and run it on the consistent supply of high octane EOS!

WHY EOS IS A BEST SOLUTION FOR DEFI

“We are very interested in investing in #EOS DeFi that can meet the compliance requirements of B1, …” - Twitter Oct. 21

Maybe EOS won’t prove to be the very best solution for DeFi. After all, EOSIO and the EOS community have so many diversified interests. Nevertheless, EOS is certainly “A” best case solution for decentralizing financial obligation and leveraging assets for designer lifestyles.

Network Efficiency. EOS users are not burdened by operational costs. They exist, but are predictable, reasonable and certainly manageable. Effecient operational costs are at the heart of EOSIO technology and is often referred to as a defining characteristic as to why EOS PoS became the next generation blockchain protocol.

NIMBLENESS AT ITS CORE DEVELOPMENT

“#EOS BP’s are continuously elected and replaceable in less than 1 second without any network disruption. ..” - Twitter Oct. 10

Block producers do not need to be the overriding focus of a blockchain’s discourse!

For those new to crypto, the excitement of Bitcoin mining might have escaped shaping their perception of the industry. However, this remains a strong agenda behind major cryptos where exorbitant fees sometimes counteract the jubilation of P2P transactions.

For EOS, if a block producer fails to deliver, they're out. The most competitively staked rise to the top, and there’s no lag that can be perceived- outside of the last quarter of a 40 yard dash.

Nimble Operations. How many other blockchains can say that their network drain came from acting as an automated mining platform? Instances like this is where EOS’ nimbleness really shines. Not only are we witnessing an incredible shuffle in changing the resource model, but established protocols already support transformative development. How powerful it is indeed to play musical chairs with All Star block producers.

WHY SUCH A STRONG FOCUS ON COMPLIANCE?

One might think that after the ICO scare that heavily staked crypto entities wish to play it safe. Governments seem to have finally mobilized on a pursuable taxation strategy. And, major crypto players may just want to stay out of trouble by getting ahead of compliance.

There’s another, more incentivized, perspective. It’s possible that governments truly believe that they can work their way into blockchain communities in a sort of give and take. “Hybrid'' blockchains that offer consumers some of what early Bitcoin idealists imagined, combined with the realities of life, might just be worth shifting over an entire fiat system.

Confidence

“... I guess I trust math and transparency …” - Twitter Oct. 10

Given the growing magnitude of competition in the crypto space, a community (or entity) that pursues compliance must have faith in their tech. Thus, building fundamentally compliant blockchain systems is a matter of conviction. It’s the sort of confidence in a development team and core principles that’s needed for true global change.

* Here's a link to my original publication. *

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