https://defixy.com/whitepaper
DeFi refers to decentralized money, that is, the use of monetary administrations using decentralized innovation like blockchain. The DeFi project means offering cash aid that does not need concentrated substances or money-related intermediaries or go to work between them. It is in the light of such restrictions that the rebellious people are gaining momentum. DeFi is all about creating an organization of money-related administrations that consistently operate without the need for intermediaries who might own an unjustified and wasteful majority stake in the structure's activities.
In case you are currently using digital currencies and other blockchain mechanisms, this is not a problem for you, however, think about newbies who might want to use blockchain mechanisms or even have no other options besides using blockchain mechanisms. but still abandoned them on the grounds that they do not understand the basics.
As long as blockchain innovation remains convoluted, it will not achieve mass appropriation. At the moment when more and more people come to the blockchain device and think that it is easy to use, at that moment the acceptance rate will increase rapidly. This brings about improved mechanisms that reduce both the multifaceted nature and the lattice that accompanies the use of blockchain mechanisms. Seen in this light, the DeFiXy protocol represents an easy-to-use Amazon-like p2p marketplace. A decentralized commerce hub that is put together with the ultimate goal of reducing the complexity and lattice experienced when executing fiat on crypto exchanges.
the main goal is to seamlessly connect the fiat-driven economies to the crypto space along these lines, creating a stage where impossibility can be established effortlessly. DeFi has made this possible in the crypto space, and currently, you don't have to sell these critical crypto assets every time you have a crisis or a temporary need. With the use of DeFi administrations, you can now be convinced of the present and even long-term loans at serious rates.
What is DeFiXy Protocol?
The DeFiXy protocol is a decentralized money (Defi) stage and P2P center of crypto assets and other elements of cryptography. Highlights that are on offer include a p2p commerce center where customers can exchange / deal with crypto resources, customers can also organize their own small kiosks and offer customized administrations to various customers.
Most people still remember the response of Mark Cuban, a well-known American entrepreneur, when he was asked what it would take for the mass adoption of crypto currencies (bitcoin). He said: “It should be so easy to use, it is not a problem. First, it should be completely frictionless and understandable to everyone. ”
This solves the problem of complexity that arises with most (if not all) blockchain technologies. Just think about how difficult it was for you to buy your first cryptocurrency, how many platforms or applications you researched until you finally found one application / platform that supports converting fiat to cryptocurrency. If you are already using cryptocurrencies and other blockchain solutions, this is no longer a problem for you, but think about newbies who would like to use blockchain solutions or even have no other alternatives besides using blockchain solutions, but stay away because that they don't understand the basics.
As long as these people stay away, blockchain technologies will not be massively adopted. While not everyone will understand it as suggested by Mark Cuban, it should be easy to use. While it would not be completely friction free, as suggested by Mark Cuban, it should have had less friction.
solution
As long as blockchain technology remains complex, mass adoption will not be achieved. As more people gain access to a blockchain solution and find it easy to use, the adoption rate will increase rapidly. This motivates the development of solutions that reduce both the complexity and friction associated with blockchain solutions. Seen in this light, the DeFiXy protocol represents a user-friendly peer-to-peer marketplace like Amazon. A decentralized marketplace that is built in such a way that the complexity and friction associated with conducting fiat-to-crypto transactions is reduced. Our mission is to seamlessly connect the Fiat-driven economies with the crypto space, thus creating a platform where inexperienced people can easily board.
The features offered by the DeFiXy Protocol include:
1. P2P Marketplace:
Where individuals can trade crypto assets in a decentralized manner. The main features of the P2P market are as follows:
The ability for users to create deals or barter between any pair of whitelisted assets, even between assets that are deposited on the blockchain, as well as between a whitelisted asset and any of the supported fiats.
Individuals with delivered assets can create mini-kiosks within the platform and offer customized products and services to other users. Such kiosk owners enjoy a fraction of the transaction fees accumulated on the platform, among other benefits.
2. Dynamic Bets:
The betting feature offered by the DeFiXy protocol provides users with different reward thresholds, these thresholds are functions of two variables: the block duration, measured in days, and the dynamic supply-demand ratio (ds (t)) of the asset supplied. The protocol also proposes a ransom lock. In this case, the person who initially put their assets for a long period (say, 30 days of blocking) may prematurely abandon them, but this action entails a payment for buying back the blocking.
3. Services Defi:
The DeFiXy protocol offers DeFi services such as lending and borrowing. users can borrow secured loans with competitive interest rates. The rates for borrowers and lenders are determined by the mixing ratio of users collateral (r). Since the loans offered have no maturity, there are no late payments, but the borrower can set up a recurring payment that is automatically deducted in any of the supported assets or fiats as specified by the borrower. Likewise, a lender can lend an asset in a flexible lending mode or in a fixed period lending mode. With the latter offering the best interest rate.
4. Debit Integration Card:
After meeting the regulatory requirements of the target regions, the DeFiXy protocol will integrate card payment solutions that will allow users to spend cryptoassets directly.
The DeFiXy protocol will implement all of these features with the help of an average person with little or no knowledge of blockchain. The platform will integrate a user interface that is very user friendly. People will be able to interact with the platform smoothly and fluidly, even those who are new to this space.
technology
What to expect - technology
This chapter discusses the technology introduced by the DeFiXy protocol. It is broken down into separate functions / services. It also discusses how each function and service interacts with each other. It should be noted that these features were not discussed in any particular order.
Dynamic Bets
The betting services offered by the DeFiXy protocol adopt what we call Proof of Commitment (PoC) consensus. The stake rewards used by stakers are varied (increased) such that stakers who make longer periods receive higher stake rewards. Betting Consensus is an integral part of our platform as it is the underlying mechanism on which other functions work. The dynamic rate matures in two stages: the Alpha stage (bet) and the beta stage (bet).
DeFixy Contact Adresses;
Website: https://defixy.com/
Github: https://t.me/DeFiXy
Telegram: https://t.me/DeFiXy
Twitter: https://twitter.com/DeFiXy_Protocol
Discord: https://discord.com/invite/5dffAwM
Telegram Bounty: https://t.me/DeFiXy_bounty
Thread Ann: https://bitcointalk.org/index.php?topic=5284560
Author :zorzia
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