Double Eagle DeFi “LEGO” Loan Cryptocurrency
Double Eagle has achieved key development in four areas: Asset Security, Platform Governance, System Risk Control, and Community Building.
LONDON, UNITED KINGDOM, June 18, 2021 /EINPresswire.com/ — In the domain of Challenge, the “decentralized loan” serves as a hub between the different roles, linking the fields of DEX (decentralized exchange), stable currency, loans, etc.
The expansion of DeFi always leads to the emergence of a large number of new assets and leads to changes in the borrowing needs of users with the development of the industry. In addition to mature lending platforms such as maker and compound, a number of DeFi lending platforms such as AAVE, Double Eagle, and Venus are also entering the market through improvement and innovation to improve. jointly the new financial lending system in the cryptocurrency market.
AAVE launched V2 in August 2020 to innovate in the fields of fixed rate deposits, stable loan interest rates, credit granting, collateral change, flash batch loans, debt tokens, community governance, etc. by more than 79%.
Through the expansion and expansion of functions, the platform effectively improved its TVL and market expectations: AAVE’s TVL reached US $ 3329 million in less than a year.
Double Eagle will go live in July to perform asset pooling from a smart contract and market risk perspective to improve the rate of use of funds. Double Eagle has achieved key development in four areas: Asset Security, Platform Governance, System Risk Control, and Community Building.
Users can release dtoken liquidity according to risk control rules through Double Eagle based on platform high quality loan assets, to help users achieve higher overall result.
The above is the main process of DeFi Loans Market shown by debank. At present, the total loan amount in the DeFi loan market has reached US $ 17.4 billion, with huge space for development.
It can be seen that in the DeFi lending platform, everyone is eager to become the next “AAVE”.
DeFi consumer lending platform innovation
In most of the product renewal ideas, “income farming”, “flash loan”, “Dao governance” and other innovative models have been generally accepted by the market.
Compound was the first company to exploit cash. Since then, AAVE has grown rapidly through flash loans, multi-token support, and non-mortgage lending. In mid-2020, after the launch of the mobile mining curve and the launch of income farming, the two used the AAVE pool, which brought the AAVE’s TVL to a multi-month high. , almost equal to the manufacturer.
(data source: defipulse)
As a DeFi lending platform, Double Eagle is of the same type as compound and AAVE platforms: on mortgage of crypto assets, lending of other types of crypto assets including stable currency and crypto -change.
At present, the market is still dominated by pool of funds lending and the volume of bond platform activity is limited. V3 solves the current single fund pool issue in DeFi lending, token business model and platform governance issues, security issues, and community building issues. It is also something that every loan product should take into account.
Double Eagle will give users a more flexible way to manage their money and become the engine of DeFi. It will unleash the power of blockchain, change production relationships and productivity, and finally lead to common governance.
The Dao governance model is introduced in the Double Eagle community to balance the distribution of profits, risk taking and decision making in Double Eagle governance. Thanks to this model, DOVE users can link their personal interests to the platform, with the aim of improving the willingness and participation of token holders in the governance of the platform.
Where compound and AAVE established a “base” via “DeFi LEGO,” the loan platform they later entered must explore new avenues.
Double Eagle takes a different approach, putting the breakthrough point on the BSC track. At present, there are few imperfect Smart Chain Parts (BSC) loan plans. Double Eagle is one of the loan projects deployed on BSC, which to some extent avoids the fierce competition from Ethereum. By capturing the value of the token on BSC and the exchange of the coin security ecosystem, there is some potential for the development of new markets.
Users can deposit traditional tokens into Double Eagle, including a large number of currencies (such as bnb-busd) into the coin security ecosystem, in order to secure additional Double Eagle lines of credit while making a profit , in order to improve the rate of use of funds.
Double Eagle not only guarantees the initial expected income of users, but also provides additional flexible lines of credit to release liquidity from certain stranded assets, to improve the utilization rate of funds. In this way, users can implement other profit strategies, such as leveraged trading and other financial derivatives.
Additionally, users can still get the expected apy mining reward after storing dtoken in Double Eagle.
The Intelligent Parts Safety Chain (BSC) is one of the important areas of development in parts safety. As one of the projects based on BSC, Double Eagle has its own advantages and can get more resources. Double Eagle and BSC can have more opportunities to cooperate with each other and bring more benefits to users. With the establishment of more and more BSC green projects, more and more mining pools will be launched on the platform, which will attract more BSC users to use Double Eagle.
In the development and innovation of DeFi lending platform, the industry-wide financial lending system has met the needs of more new transactions.
Looking at the development path of DeFi loans, this area has seen great success. The scale of decentralized loans continues to expand. Over the past year, the total amount has increased almost 100 times. It shapes the development trend by encrypting the unique “LEGO” of the community. The concept of open finance is also trying to build a new field parallel to the traditional financial industry, and it is also constantly combining with traditional finance.
Double Eagle Community
Facebook group: https://www.facebook.com/groups/double eagle