Digital currency for defi loan

1.

First of all, we need to know what digital currency is. Digital currency is characterized by decentralized transaction currency. The most famous is bitcoin. However, digital currency has not been recognized by China in recent years. Recently, China plans to issue China's digital currency DCEP, or DC for short. Digital currency itself is currency. When you ask how to make money, you are actually asking, How does money make money? In fact, there are many channels. First, we will have funds in the later stage to conct private placement of digital currency. Second, how do we usually earn RMB? Now, when we promote the use of digital currency in China, we will use digital currency to earn money

as a digital currency, in fact, what China issues is similar to legal currency. The purpose of legal currency is to stabilize the RMB, which should float up and down 1:1 per second. According to different exchange rates, DCEP: usdt will float up and down 7:1. In the later stage, it may be 1:1 according to China's increasing competitiveness, which is also graally declining in recent years

as a digital currency, if you want to make money, there are many ways. Major exchanges can convert it into different digital currencies. Other digital currencies may not be as stable as usdt and DCEP, and the price will keep rising and falling according to the demand. At this time, we can buy and sell stocks in a similar way to earn the price difference, If you don't enjoy it, many digital currency exchanges provide contracts, which can buy and sell multiple times, or be bullish or bearish, or even hundreds of times at most. Many people get rich through this way, but there are also many people who lose their property. In addition, this kind of exchange will make your currency return to zero in a way, We should be wary of many such exchanges running away - refer to the second largest exchange checked OK exchange

in addition, as a national form of digital currency, there should be short positions. For example, China's state-owned enterprises carry out digital transformation to form community-based currency, which may be airdropped according to the DCEP they hold. This is my guess

in addition, defi's liquidity mining, commonly known as market making, is more popular now. In the later stage, it may replace the exchange. Everyone is an exchange and can charge a handling fee

2. Defi, also known as open finance, refers to the financial application ecosystem created with the help of blockchain network (especially Ethereum)
users in the defi ecosystem have complete control over the assets and participate in the defi with the help of P2P network and DAPP
advantages of defi
the popularity of defi is inseparable from its unique advantages. Defi mainly includes:
1. Open loan agreement
compared with the traditional credit structure, open and decentralized loans have many advantages, including integration of digital asset lending, digital asset mortgage, real-time transaction settlement and novel secured loan methods, no credit check, standardization and interoperability. The purpose of secured lending using open protocols such as maker and Dharma is to rece the risk of counterparties without intermediation by relying on the minimum amount of collateral provided by Ethereum
2. Issuance platform and investment
famous securities issuance platforms such as polymath and harbor provide the framework, tools and resources for issuers to issue marked securities on the blockchain. They have prepared their own standardized token contracts for securities (i.e. st-20 and r-token), which are unique in terms of automatic compliance and customizable transaction parameters and can meet regulatory requirements. Similarly, they are integrated with service providers (e.g., broker dealers, custodians, legal entities, etc.) to assist issuers in issuing
3. Decentralized forecasting market
decentralized forecasting market is one of the most attractive components of open finance, which is highly complex but has great potential. August launched the anti censorship forecast market last year, and other platforms like gnosis began to follow suit. Forecasting market has long been a popular financial tool for avoiding risks and speculating on world events, and decentralized forecasting market can also do this
4 exchanges and open markets
exchanges in open finance mainly consider decentralized exchange (DEX) protocol and P2P market. First of all, DEX is a P2P asset exchange between two parties on Ethereum, in which no third party acts as an intermediary, such as coinbase or other centralized exchanges. DEX also uses some highly innovative methods to exchange tokens, such as atomic exchange and other unmanaged methods, to exchange one asset for another with minimal settlement time or risk. The most popular DAPP in Ethereum is the decentralized exchange IDEX. Although many "DEX" claim that they are indeed decentralized or unmanaged, be careful before using them. The P2P market on Ethereum has great long-term potential, and may eventually cover the market of local digital assets and marked real-world assets
5. Stable currency
stable currency is booming in the digital asset market by issuing warrants, auditing its reserves and managing its price linked new model. Stable currency is just a token issued by the blockchain, which aims to keep a stable link with external assets (mainly US dollars, gold or other assets). The stable currency of encrypted mortgage includes Maker & # 39; S Dai, where the underlying asset (e.g., ETH) is over mortgaged relative to the borrowing asset (DAI) according to the current mortgage rate. So far, stable currencies backed by legal tender are the most popular because of regulatory compliance and no audit risk, such as tether, usdc and Gemini dollars
disadvantages of defi
on the one hand, the development of defi is restricted by the performance of the underlying public chain. The current defi project is mainly built on the Ethereum network. At present, the performance bottleneck of Ethereum is relatively prominent, and there is still a long way to go to break through the bottleneck. Under such a situation, those projects with high performance requirements will be in an embarrassing situation. On the other hand, compared with traditional financial procts, decentralized financial projects are much more difficult to use and have higher cognitive requirements for users, which will also greatly affect the development speed of defi. In addition, the roller coaster like ups and downs of defi projects (sushi, yam, yfii, etc.) also make people wary of its security. How to continuously accumulate user trust is also the focus of attention in the future.

3. Inflation is the price rise that causes the devaluation of a country's currency. The essential difference between inflation and general price rise: general price rise refers to the temporary, partial and reversible price rise of a certain commodity e to the imbalance of supply and demand, which will not cause currency devaluation; Inflation is a sustained, universal and irreversible rise in the prices of major domestic commodities that can cause the devaluation of a country's currency. The direct cause of inflation is that the amount of money in circulation in a country is greater than its effective economic aggregate
deflation is deflation: when the amount of money in circulation in the market decreases, the people's money income decreases, and the purchasing power decreases, which affects the prices and causes deflation. The long-term monetary tightening will restrain investment and proction, lead to the rise of unemployment rate and economic recession
these two are inflation and deflation respectively.

4.

The decentralized forecasting platform has long been a popular financial tool to avoid risks and speculate on global events. A decentralized forecasting market can do the same, but it has cryptocurrency and cannot censor the market. Aug has provided everything from politics and weather forecasting to dealing with the risks of real-world financial or adverse events

4. The role of exchange and open market is realized through decentralized exchange (DEX). DEX is a P2P market of Ethereum assets between two parties, in which no third party acts as the intermediary of transaction. Therefore, they are different from centralized exchanges like coinbase & Co. in this respect. Some DEX also use some highly innovative token exchange methods, such as atomic exchange and other non storage methods to exchange one asset for another with minimum settlement time and risk

other types of open markets focus on the exchange's irreplaceable token (NFT), commonly known as cryptocurrency collectibles. Platforms such as opensea and ratebits facilitate the search and purchase / sale of cryptocurrency assets, ranging from NFT in games such as cryptokitties to virtual parcels in decentraland games. Even some markets, such as district0x, are said to allow users to create their own exchanges and vote on management programs. Current examples of DEX providing cryptocurrency transactions include currency DEX and ether Delta

Stable currency

now, there are many types of stable currency. Part of the difference between them is how they issue coins, how they check their reserves and how they price them. Stable token is a token issued by blockchain to maintain stable value. It is usually linked to dollars, gold or other external assets to achieve this goal. Generally speaking, stable currency can be divided into the following three categories:

< UL >

cryptocurrency pledge

legal currency pledge

non pledge

< / UL >

cryptocurrency pledge stable currency includes maker's Dai. However, the stable currency supported by legal tender is by far the most popular stable currency in the market. The first is tether, although there are many alternatives. The models of these stable currencies are similar to each other. For all of this, the user must trust the provider. Some provide regular and voluntary audits to build the necessary trust through transparency

stable currency without pledge is neither centralized nor supported by cryptocurrency assets. They are based on algorithms to maintain stable values. In short, the algorithm takes supply and demand as parameters and adjusts them to keep balance. The foundation is a pioneer in this category, but it failed e to regulatory considerations. As a result, the project was abandoned

The future of defi - what's the potential< p> The final question, of course, is what the potential of the whole defi movement is? Basically, there are a lot of things that are simply exaggerated in the field of cryptocurrency. The immeasurable potential is attributed to the vision, so the actual proct has no chance to realize the exaggerated expectations. Then there's serious disillusionment and boredom. However, compared with defi, it is different because there are already some finished procts, such as maker, and the market has well accepted them

nevertheless, we are still in the early stage of the whole defi movement. But the potential behind it is enormous. Even if only a small number of defis (such as lending) succeed in the future, that's more than enough. If the defi ecosystem can provide better conditional lending than most national banks and other lending institutions, it could lead to global adoption

but this is also one of the biggest obstacles that we have to overcome in the field of defi. On the one hand, more ecation is needed so that the masses can even know the existence of this alternative method. As before, only a small number of people worry about issues related to cryptocurrency and blockchain technology. In particular, there are even fewer people dealing with the defi department, and they have not even heard of it. On the other hand, the user friendliness of such procts must be greatly improved, so as to lay the necessary road for the public to use the procts and for global adoption

5. For many people, the concept of digital currency is a mystery. But there is no doubt that digital currency is different from virtual currency

virtual currency is the electronization of illegal currency, and its original issuer is not the central bank. This kind of virtual currency is mainly limited to circulation in a specific virtual environment. Digital currency can be used for real goods and services transactions, but only the digital currency issued by the state is legal digital currency

in 2013, the central bank, together with five ministries and commissions, issued the notice on preventing the risk of bitcoin, which clearly defined non legal digital currencies such as bitcoin as virtual commodities, not in the form of currency and legal currency< At the same time, digital currency is different from electronic payment. In the actual use experience, digital money and electronic payment may feel similar, but they are still quite different in essence. Before digital currency, the financial instry has been highly informationized. Such as Internet banking, WeChat, Alipay and so on pay the popularization of electronic technology, physical cash accounts for only a very small part of the total circulation of money. In spite of this, because the money used in the transaction comes from the bank account, it actually corresponds to the banknotes.

6. The depreciation rate of digital currency is basically calculated by seconds. There is no gain but loss in speculation
When did you ask him to earn it
being cheated once is unknowable, but being cheated twice is excusable. Being cheated three times is a muscle. Being cheated four times or more, I can only say that there are too few cheaters in the world to be used by your father alone.

7. If you need a small loan and hold a savings card of China Merchants Bank, you can also log in to the mobile bank of China Merchants Bank and enter the application page in my → all → my loan → my flash loan
the maximum loan amount is 300000 yuan and the minimum is 1000 yuan; Your specific amount will be approved according to your business situation in CMB, and you can view it after successful application.

8. At present, many people are doing the business of RMB / usdt in mortgage currency, but the reputation risk of the platform is relatively high. It is possible to misappropriate the user's money or store it in this way. Therefore, Xiao should evaluate the security of the platform from the following aspects:
1. Team. The team is not real name, is not in the country. Do you often show up in the instry. The domestic team can at least trace back to the end. People are all abroad, there is no guarantee
2. Platform resources. What are the background resources of the platform, whether there is relatively large institutional support, and whether the operation time is long enough, so that the brand credibility is higher if it is long enough
3. Technology. Xiao generally doesn't know how to evaluate the technology, just to see if there are frequent bugs and so on. The customer service feedback of the platform is timely. In addition, a third-party well-known security company audit is the best
morecoin.com mushroom digital asset lending matching platform has been running safely for two years, with a safe collection of over 500 million yuan. Accept the safety audit of slow fog technology. Welcome to experience and consult.

9. Xpot is a coin ring artifact jointly launched by win GC group of Thailand and pundix of Indonesia. Xpot is a powerful combination of xpot and ipchain. All applications of xpot are developed based on IP chain of intellectual property chain. It will open up the last kilometer of digital asset circulation. It is matched by a card similar to a bank card - xpass

10. As long as it's not illegal. However, China explicitly forbids virtual currency trading, so it has to operate overseas.