The cryptocurrency market is facing another crash in 2022, and neither Metaverse nor Web3.0 will save the crypto market. Even God will want to escape this darkest time too. There are two reasons that can explain this. One is the cyclicality of cryptocurrency markets, and the other is the Russo-Ukrainian war, causing the global liquidity crunch, the epidemic economic downturn, and the Fed’s contraction. But is this really true?
According to Clausius’s ‘passage of heat’, any open system must maintain an exchange of information with the outside world to resist entropy growth. And this logic also applies to crypto markets. From the systematic perspective, the essence of another crash in today’s crypto market is the loss of stocks and the inadequate increment. The only way to solve this is to optimize and upgrade the crypto ecosystem itself, which still has plenty of room for improvement. Such as in the DeFi field.
DeFi is the most central scenario in the Crypto economy. According to CoinGecko’s report, the Defi market fell from $150 billion to $1,410 at the end of the first quarter of 2022. “This is in contrast to the previous quarter, which saw a 29% increase to 150 billion dollars at the end of 2021,” the report said. “The report highlights the vulnerability of the DeFi market itself, an epitome of the entire crypto economy. As mentioned above, if you want to reverse this situation, you can start with change DeFi itself. But how?
AECO’s point of view, it’s time to release DeFi to the public from the hands of the nobles!
DeFi can now be considered as a two-person game, with the owner of the monopoly — the magnate, and the disciple — the masses. Given this contrast, magnates are staging another “tragedy of the commons” in which everyone wants to raise one more cow, but rarely considers whether the grass is enough. Regarding this, how can we improve DeFi’s vulnerability? The answer is obvious, it needs to open it to the public from the magnates. Because the largest underlying constituents of the DeFi market are the common people. And when DeFi is fully integrated into the public, the vulnerability doesn’t matter anymore, so how?
AECO’s plan is to make users join DeFi as simple as they tweet. Users don’t have to deal with the annoying cross-chain assets swap, crypto network selection, token address verification, complicated operations, downloading a bunch of apps, enduring ugly UIs, programmers-only manual, and so on.
Of course, there is still a long way to go before all this is reached. At present, AECO has done the following:
- One-click Swap
- One-click issue token
- One-click asset cross-chain
- One-click collateral
- One-click issue contract
The platform is compatible with EVM applications and releases the DEX engine and other modular tools that can help developers create various applications easily.
AECO is a crypto community for ordinary people, focusing on developing digital asset trading platforms and their underlying infrastructure and toolset for ordinary crypto enthusiasts
Finally, we are looking forward to a Pure Land belonging to the common people in the crypto world. Otherwise, what is its significance?
AECO Website: https://www.aeco.link/
AECO Twitter: https://twitter.com/AECOChain
AECO Telegram Group: https://t.me/AECO_Chain
