INTRODUCING DEFI 2.0 IN CONJUNCTION WITH KEPLER SWAP
Before diving deep into DeFi 2.0, let’s take a quick look at what digital currency entails.
Any currency, money, or money-like item that is largely handled, saved, or exchanged on digital computer systems, notably over the internet, is referred to as digital currency (digital money, electronic money, or electronic currency). Cryptocurrencies, virtual currencies, and central bank digital currencies are examples of digital currencies. Digital currency can be saved in a distributed internet database, a centralized electronic computer database owned by a firm or bank, digital files, or even a stored-value card.
Introducing Decentralized Finance (DeFi)
Decentralized finance, or DeFi, is a novel way to conduct financial transactions using apps. It is done through the blockchain, bypassing traditional financial institutions and middlemen. Consider it as a way to eliminate brokerages, exchanges, banks, and other middlemen from the mix.
When certain outcomes are achieved, these contracts self-execute. For example, according to the ESPN website, you might make a contract with someone else that pays you one bitcoin if the Charlotte Hornets beat the Los Angeles Lakers. You would pay one bitcoin if the Lakers won. You might envision such contracts being subject to a variety of ambiguous terms.
“In truth,” Roper adds, “DeFi has become a blanket word for any application or firm that leverages blockchain technology or cryptocurrencies to offer alternative financial products.”
A significant feature of DeFi is that it eliminates the intermediary (such as a bank), which might incur high costs, waste time, delay or reverse operations, or even lead clients to lose everything due to bankruptcy or fraud.
As a result, traditional transactions can be carried out in an unorthodox manner. DeFi can also be used with direct purchases, loans, derivatives, crowdsourcing, insurance, and other contracts.
What is DeFi 2.0?
Despite the fact that the DeFi sector is rapidly expanding, consumers continue to face barriers to mainstream adoption of decentralized finance. By making DeFi more available to a larger audience, modern platforms are aiming to alleviate this issue.
Most DeFi projects are now linked with token issuance, and their goal is to boost token minting. These initiatives haven’t brought any fresh ideas to the table in terms of cryptocurrency, distribution, or community management.
It started with participants building mining infrastructure and quickly became unsustainable. Users have no say in how the community is run. Because of the absence of oversight, most miners are first focused on high-reward coins. It has had a detrimental influence on the platform’s DeFi development and liquidity.
The Link Between DeFi 2.0 and Kepler
The Kepler Technical Team is working to solve this problem by developing a long-term cross-chain decentralized financial system called DeFi 2.0. The goal of DeFi 2.0 is to link all community members who can supply liquidity.
It does this by using liquidity incentives as an entry point and then tying the rewards to future user transactions. Its goal is to provide a standardized user interface as well as a long-term, decentralized financial structure. DeFi 2.0 is a ‘state of the art’ financial governance innovation that has broken the ice.
Only DeFi services are supported by KeplerSwap’s smart and open cross-chain platform. Technologists and influencers may tap into this growing greenfield project for endless creative DeFi project ideas by implementing this technical breakthrough. DeFi 2.0 will be a significant upgrade over DeFi 1.0. It will move the focus from merely harvesting mining profits to establishing a sustainable platform for long-term liquidity contribution by promoting user involvement. This is what DeFi 2.0 will look like in the future.
About KeplerSwap
KeplerSwap is a decentralized trading platform for professionals based on blockchain technology. It provides players with a full solution to identity security, asset security, and autonomous trading on a mix of blockchains under the terms of a Decentralized Market Agreement.
To learn more about KeplerSwap visit
Website: www.keplerswap.io
Twitter: https://twitter.com/keplerswap
Medium: https://medium.com/@keplerswap_dex
Telegram: https://t.me/keplerswap
