“As blockchain technology and DeFi (Decentralized Financial) applications become more and more mature, It is likely that DeFi will change the entire financial system in the near future. As early as 2019, DiBi Global has been laying out its own DeFi ecosystem. As the first and most important DeFi application of DiBi Global, DBLend project has been widely concerned as soon as it was lauched, that’s because of DBLend’s decentralized mining mechanism and users’ multiple ways of making profits here, and all of these features are based on smart contracts on the blockchain. In the long run, code is more reliable than humanity. Through the smart contract in blockchain technology, trust and consensus can be well established. In addition, smart contract technology automates the movement of funds and tokens, amplifying the provision of liquidity to digital currency market participants. ”
According to the whitepaper, Lenders and borrowers in DBLend platform are matched automatically through the smart contract (Ethereum-based protocol), eradicating the need for third parties. It’s loaning feature plays it safe for borrowers by allowing only up to 70% of the collateral’s worth, rather than the full 100%—-minimizing risks. In additon, users have multiple investment options with high-profit on the DBLend platform, such as DBL (DBLend token) mining, providing DBL liquidity for the interest pool, mainstream token lending, mainstream token lending, etc.
“I think DeFi will change from serving the financial industry to changing the entire financial system. Today, I am so glad that DiBi Global officially launched the development of DBLend platform 1.0 which I believe will be released soon. ” Maggie added.
For more details, please visit https://www.dblend.pro
Copyright @ 2020 DiBi Global
Published on Taiwan News.