The ZOS project is now online on MXC Matcha Exchange

2019 is destined to be a very important year in the blockchain field, from the rising bull market at the beginning of the opening year to the possible Libra of the FaceBook blockchain project later this year. Although Libra has been under pressure from the US, with the spread of the new financial ideas of the Libra concept, the next financial innovation based on blockchain has become an irresistible trend.
The value of the blockchain lies in its decentralization, security and transparency. The decentralization system itself also satisfies the exchange of assets and value transfer among people around the world on a value system. Safe, transparent and efficient decentralized finance (DeFi) has the potential to be the next revolution in technology.

DeFi refers to Decentralized Financial derivatives and related services, behind distributed ledger and blockchain technologies.
Why is DeFi is the next revolutionary point in blockchain?
The “completeness” of blockchain technology
DeFi’s vision is asset-based and data-related, and the exchange of assets and value is achieved through an open source technology system. The blockchain technology in this respect has been completely solved in recent years, and it has operability and security in terms of technical conditions.
DeFi has the technical advantages that traditional financial institutions do not have
DeFi was created not to subvert traditional finance, but to solve important problems in traditional finance. The traditional financial system is limited to its own country, and the financial institutions that are completely monopolized have slow efficiency on the customer’s asset review, trust mechanism, and transparent process, which increases the process links and difficulty. Through the use of decentralized financial networks, global asset value flows for asset certification can be achieved without time and location restraint, and without the need for censorship. These technologies are important advantages not found in traditional finance. For businesses and users, through such a network, value exchange can be realized on a global scale, with low cost and efficient and transparent assets.
There’s room for development and growth
According to the World Bank, 2 billion people worldwide do not have bank accounts or access financial institutions. DeFi allows financial services for people who do not have a place in a bank or financial institution. This customer base will be the room for development for DeFi.
As of October 2019, there have been thousands of DeFi projects, and now it is only an early stage in this field. From stabilizing coins to decentralized exchanges, wallets, payment networks, lending and insurance platforms, to critical infrastructure, markets and investment engines, the entire DeFi ecosystem is gradually growing faster and faster.
According to statistics, the value of Ethereum, currently locked in the DeFi agreement, has grown from $181 million in July 2018 to more than $500 million today, and this part of Ethereum is worth about 2.1 million ETHs, accounting for approximately Ethernet. 2% of the total supply.
At the beginning of this year, blockchain software company ConsenSys believes that decentralized financial services based on Ethereum will achieve 10 times subscriber growth in 2019. There are currently hundreds of DeFi projects based on Ethereum. (Look at picture below).

In the case of Compound, Dharma, and MakerDAO, these open-finance digital asset borrowings reached $59.2 million in May, equivalent to 400 million yuan, up 75% from April. Of course, compared with the traditional lending business, the scale is still very small, but showing very rapid development.
Taking the current largest DeFi project MakerDAO as an example, the user can directly mortgage the cryptocurrency and lend the loan of the stable coin Dai. The whole process is managed by the Ethereum smart contract. This is to use the decentralization of the blockchain to achieve lending behavior without a centralized bank or a lending service provider. In addition to lending, DeFi’s possible applications include decentralized insurance, banking, and even venture capital.

By looking at China, the DeFi industry is also booming. Recently ZOS has had invested by Matcha Exchange. ZOS currently focuses on mortgages, bonds stabilized coins, decentralized transactions, and builds a three-in-one decentralized financial system.

As one of the eight members of the DeFi Alliance, ZOS is a self-financing system that decentralizes lending, stabilizes coins and trades, and is a sustainable and profitable financial public chain. It has constructed a decentralized financial network by connecting decentralized financial public links to fiat currency and crypto currency.
According to Gao Chao (one of the founders), “The whole project started preparations in 2017. The core members of the team have had experience in the World Bank and abroad such as in USA.They have been developing their own public chain system in DeFi. And after 2 years, finally in 2019: The project is now online, this has already surpassed the expectations of 95% of public chain projects.

Furthermore, considering that most critical issues in blockchain is related to compliance and security, ZOS now cooperates with local financial institutions in Canada, Singapore and the Philippines to allow local financial institutions to become nodes of the ZOS chain and to achieve benefit binding and sharing. Hence it has created more inclusive financial services for local investors.
It is understood that ZOS is the star project of strategic investment of Matcha Fund. The future Matcha Exchange will also become the lending node and operator of ZOS, which means that nearly 2 million traders of Matcha on financial lending will be able to achieve through ZOS public chain. ZOS has already finalized its IEO on the Matcha Exchange on July 31, and since then it has been trending more on the Chinese DeFi market.
I believe that the future of DeFi will create new innovations and new products. After all, this revolution has just begun!
Original Article: https://mp.weixin.qq.com/s/gCd5g7fXcDeol8Swwv4hrw
This article is originally translated from Chinese
