crypto expert Posted August 15, 2021 Share Posted August 15, 2021 99DEFI Platform on BSC Network! How Does Compound Finance Work in 99DeFi? The current DeFi landscape, lending, borrowing, staking, and mining crypto assets are fragmented and have created painful experiences for participants. There is a need to aggregate liquidity, facilitate, and automate crypto asset trading with security and efficiency and provide insights into risk and portfolio management. 99DeFi delivers smart crypto trading through: Trading assets via global liquidity aggregate with access from centralized exchanges (CEX), and decentralized exchanges (DEX). Smart lending, borrowing, staking, mining through artificial intelligence-driven smart yield farming aggregators. Even more, 99DeFi does not require users to give private keys and operates under a compound shared security model, ensuring high resilience. A Future Based on More Truth and Less Trust 99DeFi is a non-custodial, decentralized network governed by 99DeFi token holders via decentralized autonomous organization (DAO). Its protocol offers incentives for users to join the network with an efficient fiscal spending regime, managed by a treasury. The platform addresses the market of cryptocurrency trading and yield investments, and specifically DeFi market platform. Also, it is a liquidity aggregator from DEX, CEX, liquidity pools, and other sources into one global pool enabling order flow to enter a single point. 99DeFi functions as a yield engine, which abstracts away execution complexities of opportunities in DeFi, allowing ease of access to retail investors, fund managers, and serves as a gateway to the DeFi landscape. The platform provides decentralized lending in the crypto world, without being exposed to loss of loan capital. Furthermore, 99DeFi provides access to the loan market globally, without intermediaries. 99DeFi provides a solution for securing loans by providing smart contracts which require collateral from the borrower. 99DeFi consists of three components: Global liquidity aggregator Users will be able to trade assets on 99DeFi through aggregate liquidity sourced from centralized and decentralized sources. Smart yield farming aggregator The second component of 99DeFi protocol, is the machine learning and AI-powered DeFi smart yield farming aggregator. Smart asset management The third aspect of 99DeFi that sets the platform apart is a set of portfolio management features available to users, acting as a complement to 99DeFi global liquidity aggregator and smart yield farming aggregator. 99Defi supports the following assets: Stablecoins: USDC, USDT, TUSD, Synthetic tokens: cTokens, yTokens Hybrid Tokens: wBTC Coins and tokens: ETH, BAT, Ox, LINK 99Defi intelligence engine is an off-chain oracle sourcing intelligence into on-chain DeFi proxy smart contracts. It uses data to divide assets and investment opportunities into allocation baskets sorted by the duration of exposure or risk value. 99Defi’s operating system monitors and shapes the landscape in real-time, and dynamically rebalances and adjusts basket algorithmically. To Wrap It Up 99DeFi will be the first cross-chain DeFi yield engine and liquidity aggregator. The platform wants to leverage a scalable network so gas fees can be kept to a minimum and not eat into the profit of users yield farming or staking. Also, 99DeFi features its native utility token, the 990DeFi token. Even more, it utilises compound proof of stake-based consensus mechanism as a base consensus algorithm. Twitter: https://twitter.com/99defip2p Telegram Announcements:https://t.me/defi99announcements Platform Url : https://99defi.network Quote Link to comment Share on other sites More sharing options...
crypto expert Posted August 16, 2021 Author Share Posted August 16, 2021 Benefits Of 99defi’s Decentralized Lending ! Decentralisation provides security and trust by design. Decentralisation is a method to organize anything in a way that does not require a trust or third parties. The trust is eliminated by executing code that does not require central government, management, or central servers. With decentralization, borrowers and lenders do not need to trust 99DeFi once the smart contract is deployed to the Ethereum network. Smart contracts provide a trustless and transparent lending environment not available to the FIAT lending market. Trustless No need to trust the counter-party; removes the necessity to trust the provider and counter-party. Removing counter party or third parties is vital to avoid unfair and unwanted behavior. Operating in this trustless environment eliminates the risk associated with third parties. Transparency Subject to a trustless environment; every transaction is recorded. Transparency brings power to the finance industry. Tokenization Tokenization unleashes the power of decentralization. Tokenization provides opportunities for lending. 99DeFi features its own native utility token (the 99DeFi token). This token is central to the incentive structure of the 99DeFi protocol. Democracy And Access To Finance Democracy to the lending market Blockchain-based lending removes barriers between segregated lending markets. Using the structure lenders and borrowers do not need banks to transfer loan capital. A fractional and divided global lending market becomes democratic and accessible. Access to finance Cryptocurrencies provide basic banking needs for the unbanked. Since banks are a general source of finance, the unbanked do not have access to finance. However, 99DeFi delivers smart crypto trading, trading assets with access to liquidity, smart lending, borrowing, and staking through AI engines that present information or make recommendations to users. Incentives 99DeFi offers a non-custodial, decentralised network where stimulus programs compete with financing, and addresses the market of cryptocurrency trading and yield-based investments, specifically the decentralised platform market. Ease of Access To Loans The system provides smart contracts which require collateral from the borrower while functioning as a yield engine that allows ease of access for retail investors, serves as a gateway to a decentralized finance platform, provides access to the loan market globally without intermediaries as a solution for securing loans. Use Of Personalized Data To Build An Investment Portfolio This decentralized lending system uses data to divide assets and investment opportunities into allocation baskets sorted by the duration of exposure and risk level. The operating system monitors and shapes the investment landscape in real-time, balances, and adjusts the basket algorithmically. Diversification 99Defi creates diversification via a basket system. This system pools the assets of users and re-allocates them in numerous asset classes with different correlation levels. Users Are Able To Directly Trade Assets On 99defi 99DeFi provides decentralized lending in the crypto world without being exposed to loss of loan capital. Wrapping It Up 99DeFi lending system will be the first cross-chain decentralised finance to yield engine and liquidity aggregation in hopes to leverage a scalable network so gas fees can be kept at a minimum and not eat into the profit of users. It will integrate to provide financial insurance service to users and protect users from market manipulation and front-running attacks. Platform Url: https://99defi.network Twitter: https://twitter.com/99defip2p Medium: https://99defi.medium.com Telegram Announcements: https://t.me/defi99announcements Quote Link to comment Share on other sites More sharing options...
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