Unlocking DeFi's EOS, can it take off?

Editor's Note: This article comes fromGolden Finance, reprinted by Odaily with authorization.

Editor's Note: This article comes from

Golden Finance

Golden Finance

DeFi is intensifying, and EOS is also coming to take a share.Huobi GlobalOn August 15th, EOS founder Daniel Larimer (BM) tweeted, I created the first DeFi platform in 2014, and DeFi is a necessary condition to stimulate DPOS, TAPOS and high-performance database and account structure. EOS is designed for DeFi.

Earlier on the same day, BM responded to netizens on Twitter and said: "EOS will be a better choice for building complex and high-performance DeFi. DeFi on Ethereum needs to use many difficult combinations to compensate for transaction delays, Gas flaws such as attacks, reorganization, and lack of an organized database."

Under the continuous promotion of BM, EOS has also risen in a straight line, and there has been a continuous rise in the market. according to

The data shows that EOS has risen continuously from August 15th to 16th, with an increase of about 25%.HuobiHow far is EOS DeFi from ETH DeFi?

Leaving aside the current wave of EOS rising prices, how likely is it that EOS will enter the DeFi track?

According to the data listed by defiprime, 22 of the 209 DeFi projects are deployed on EOS, including: decentralized exchanges such as Bancor, Newdex, Switcheo, etc.; asset management tools such as Bitpie, Cobo,

OKExHuobi

Wallet, imToken, etc.; infrastructure and development tools such as Bancor protocol, Carbon, Moonpay, etc.; stable currency EOSDT, etc.

Obviously, the current DeFI projects are almost all concentrated on Ethereum, and although EOS has a layout, the number and application level are much lower than Ethereum.

Zi Cen, the person in charge of the Hello EOS node, said that compared with the POW chain, the basic performance and transaction capacity of EOS are better, and the fee model based on resource leasing can also achieve lower transaction costs. In addition, the more efficient and lower-cost new The resource model for is also being tested. Ethereum did face problems of network congestion and high transaction costs during the DeFi boom, which can be avoided on EOS. However, compared with the five-year exploration of the Ethereum community on the DeFi track, there is still a big gap in the depth and heritage of the EOS developer community, which requires long-term accumulation.

William, the chief researcher of Research, told Jinse Finance that in fact, in terms of the performance of the public chain, EOS has advantages over Ethereum, because EOS does not need to consume Gas fees and has higher throughput; but the problem with EOS is that the layout The DeFi track is too late and lacks star projects. Ethereum has been laying out DeFi since 2019, and has made it clear that it wants to build a DeFi ecosystem. However, EOS has been popular in DeFi for more than half a year. Its founder proclaimed on social networking sites that "EOS is designed for DeFi", and the pace is obviously slow. Furthermore, when it comes to DeFi, the star projects we can think of, such as Compound, Uniswap, etc., are all projects on Ethereum, but everyone knows little about DeFi projects on EOS, and even OKS on TRON has more attention than EOS high. Therefore, EOS DeFi is still several TRON DeFi away from ETH DeFi.

Will DeFi be the lifeline of EOS?

EOS debuted with the dream of being the "killer" of Ethereum, known as the highway of "Blockchain 3.0". However, after the brief highlight moment when the mainnet was launched in June 2018, the price of EOS has been falling all the way.

Several nodes of EOS price increase are very clear: Mainnet launch, Voice and other new product releases, Voice test network

On June 2 last year, at the Block.one JUNE conference, 1 update and 3 products were launched in just half an hour, which attracted many media reports. Compared to this year, Block.one's voice is much quieter. Except for BB's strong promotion of the EOS group, there is no other news.ETHOn June 2 this year, on the occasion of the 2nd anniversary of the launch of the EOS mainnet, Block.one CEO Brendan Blumer (BB) tweeted that the EOS group is the most expressive and united public block in the world The foundation of the chain, this year is going to be the best year yet. Not only that, but he couldn't contain his excitement, and continued to add, "I'm so excited that I can't think."

Unlike BB's strong promotion of EOS, the response from the community was mediocre. So this time, will DeFi save EOS, or even take off with EOS?

Zi Cen, the person in charge of the Hello EOS node, believes that this round of EOS rise does not require special interpretation. "The value transmission effect brought about by the DeFi boom will start from Ethereum, and then gradually spread to other public chain projects. ETH is the first to be strong, and then other public chain projects generally rise, and the rise of EOS is also a continuation of this transmission."