How to Use Privacy and Scalability to Overcome DeFi's Flaws
Defi's explosive moment
Oasis Network and Balancer Form a Partnership to Guide DeFi to Mainstream User Adoption with Privacy Computing Technology and Scalability
DeFi promises an open financial system where people can earn with their smartphones, internet connections, and adherence to transparent rules. However, due to the current limitations of DeFi (especially in terms of scalability and privacy), although traders and mining farms will profit in DeFi by taking advantage of Ethereum's unprotected data and slow throughput, this model is unsustainable.
We believe that DeFi is facing its first critical inflection point: While DeFi has grown tremendously over the past year, the DeFi ecosystem must overcome its performance challenges and capabilities in order to move towards the mainstream market.
Overcome DeFi’s flaws with privacy and scalability
The Oasis Network is designed to expand and deepen DeFi opportunities for participants large and small by breaking down the barriers currently plaguing the space. The Oasis Network provides core benefits that enable it to support the next generation of DeFi:
Privacy-preserving smart contracts that enable the creation of a new generation of decentralized applications that consider privacy as an incentive to build trust with users
Private state and transaction details, preventing malicious players from gaming the system for higher profits while limiting participation by smaller DeFi users
The flexibility to keep data public or private allows DeFi Dapps to comply with regulations while ensuring that commercial interests in the system are protected and financial institutions participate
High throughput, reducing/eliminating transaction fees for participating in DeFi
Multiple customizable runtimes, which allow DeFi developers to meet the needs of their application and implement a set of rewards best suited for that application
Tokenize data by encapsulating and protecting user information, and allowing the creation of specific scoring models, thereby bringing reputation and records (such as credit scores) to DeFi
Secure computing, which paves the way for the creation of data lending, where the underlying data (rather than just tokens) is the object of the lending transaction
These are powerful prerequisites that will help redefine DeFi, but they are just the beginning. This broad ecosystem is made up of good companies that have built invaluable and well-known tools
Partnering with Balancer to bring AMMs to the Oasis network
As we seek to build a privacy-preserving DeFi ecosystem, we are excited to announce a new partnership with Balancer. Balancer is a leading non-custodial portfolio manager and liquidity provider with $300 million in liquidity; it encourages investors to add liquidity to earn traders paid when they trade tokens on the Balancer decentralized exchange cost of.
Not only will Balancer be ported to the Oasis network, we will also be releasing a bounty to the community directly with Balancer for building this powerful integration. The Balancer community will have the opportunity to give feedback and approve bounties and their scope through Balancer's community governance mechanism. This collaboration is an excellent opportunity for Balancer to investigate the benefits of AMM privacy and private computing in practice.
If you think you have the ability to integrate Balancer into the Oasis network, or introduce other DeFi tools,Apply for funding today。
Unlock private DeFi
Our partnership with Balancer is just the beginning. In the coming weeks and months, we will share news about more DeFi projects joining the broader ecosystem of the Oasis Network. We hope to reshape DeFi by building a new and more scalable platform, using private computing to solve challenging problems, such as malicious front-running transactions, and bringing DeFi from early adopters to the mainstream market.
