DeFi Projects On Oasis Protocol
The Oasis Network is a privacy-enabled blockchain platform for open finance and a responsible data economy.
Let’s take a look at DeFi Projects On OasisProtocol
Wormhole – Interoperability protocol
Wormhole is a bridge protocol that connects multiple blockchain chains. Includes Ethereum, Solana, Terra, Binance Smart Chain, Polygon, Avalanche, and Oasis. Thanks to the Wormhole, the chains can interact. And communicate with each other instead of being separated as before. The Wormhole project targets crypto assets, price data, and non-fungible tokens.
The Wormhole protocol will seamlessly and reliably connect and move crypto assets between these networks. As a result, it is possible to optimize and take advantage of the great potential of projects on different blockchains. In addition, Wormhole also allows synchronization with low latency. And allows the data to be used freely without delay.
Multichain – Cross-Chain Router Protocol
As a cross-chain router protocol (CRP), Multichain is an infrastructure for on-chain asset interoperability, envisioned to be the ultimate router for Web3.
Multichain was born as Anyswap on the 20th of July 2020 to service the clear needs of different and diverse blockchains to communicate with each other. Each blockchain has unique services that it provides, its community, and its development ecosystem.
The solutions developed by Multichain allow almost all blockchains to inter-operate. There is no restriction to Ethereum-like chains (e.g., Binance Smart Chain), different Layer 2 chains requiring finality to Ethereum (e.g., Polygon), or a network of Parachains (e.g., Moonbeam in the PolkaDot system), or Bitcoin types of chain (e.g., Litecoin), or COSMOS chains (e.g., Terra). These are either now all integrated or on course for integration. With support for all ECDSA and EdDSA encrypted chains, Multichain is almost universally applicable as an interoperable layer.
WePiggy – Lending Protocol
WePiggy is an open-source, non-custodial crypto asset lending market protocol. In Wepiggy’s market, users can deposit their crypto assets to earn or borrow from others by paying interest.
WePiggy Coin (WPC) is the governance token of WePiggy protocol, with a total amount of about 8 billion, which is completely generated through mining, no VC allocation, no private sale, and no pre-mining.
CelerNetwork – Building the best inter-blockchain and cross-layer communication platform
Celer is a blockchain interoperability protocol enabling a one-click user experience accessing tokens, DeFi, GameFi, NFTs, governance, and more across multiple chains. Developers can build inter-chain-native Dapps using the Celer Inter-chain Messaging Framework to gain access to efficient liquidity utilization, coherent application logic, and shared states. Users of Celer-enabled dApps will enjoy the benefits of a diverse multi-blockchain ecosystem with the simplicity of a single-transaction UX, all from a single chain.
Kyber Network – Liquidity Hub for Crypto Trading and DeFi
Kyber Network is a multi-chain hub of liquidity protocols aggregating liquidity from various sources to provide secure and instant transactions on any decentralized application (DApp). The main goal of Kyber Network is to enable DeFi DApps, decentralized exchanges (DEXs) and other users easy access to deep liquidity pools that provide the best rates.
KyberSwap.com, its main DEX aggregator and liquidity platform, provides the best swap rates for traders in DeFi compared to individual exchanges. It also enables liquidity providers to maximize earnings via high capital efficiency.
KyberSwap is decentralized and permissionless, not requiring account sign-up or personal information. All transactions on KyberSwap are on-chain, which means transactions do not need a centralized third party, like a centralized exchange, and they can be easily verified using the Ethereum or other chains’ block explorer.
Projects can build with KyberSwap to access its different features, such as the instant settlement of token swaps, liquidity aggregation for the best rates, liquidity pools, and a customizable business model. Kyber looks to solve the liquidity issue in the decentralized finance (DeFi) industry by allowing developers to build products and services without worrying about liquidity for different needs.
Now that Oasis is live on the main net, its roadmap for the future features the launch of DeFi-specific Ethereum Virtual Machine (EVM) compatible ParaTime, the launch of a decentralized exchange (DEX), and lending protocol on ParaTime, and further integrated DeFi application for it.
DISCLAIMER: The Information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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