Osasion Public Chain:A Brand New DeFi Innovation(Part I)
To understand the continuing hot liquidity mining mechanism, you first need to understand what DeFi is? What is DeFi liquidity mining? DeFi, which means Decentralized Finance, is decentralized finance, which mainly refers to the financial application ecosystem established in the blockchain industry.
Generally speaking, in projects and communities in the crypto market, the token distribution mechanism of the economic model is also called a mining mechanism.In order to highlight the characteristics of their own projects, some project ecology will also give the project exclusive or different names from other projects, such as pledge staking, airdrop rewards, or liquidity mining, but these names are similar in nature.
In the current crypto market, most of the liquid mining ecological projects based on the DeFi protocol adopt the pledge staking model, in exchange for the pledge of public chain native tokens, but this will inevitably prevent small investors and small investors who cannot hold a large number of project native tokens. Ordinary users are turned away.
In the past 2020, the hottest focus of the crypto market industry is undoubtedly DeFi liquidity mining. It can be said that DeFi will not be absent for hotspot predictions in 2021, as long as projects related to DeFi are related. Compared with other projects, it is naturally more attractive to investors and can attract more domestic and foreign cryptocurrency enthusiasts and speculators’ attention.This means that as long as the project embraces the golden thigh of liquidity mining, the tokens related to the project will grow up. But how to find a project that is really not developer-friendly, but user-friendly, among these various hotspots, needs to test the insight of investors.
On the one hand, DeFi promotes the continued popularity of liquid mining projects; on the other hand, liquid mining also directly drives the rapid development of the DeFi protocol.The key indicator of DeFi development is TVL, which is the amount of lock-up on the chain. Generally speaking, the higher the total lock-up value, the better.In June 2020, since Compound’s online lending and mining milestone event, the locked-up value of DeFi protocol assets has reached $47.963 billion.
The so-called DeFi liquidity mining is simply to obtain income by providing liquidity for DeFi products on Ethereum. In a certain sense, the emergence of DeFi has made up for the limitations of traditional financial development, but the development of the DeFi ecosystem outside of Ethereum is basically limited. The dominance of one family has long been the consensus of the industry, and Ethereum is no longer one. The representative of the public chain is more like a synonym for ecology.
However, with DeFi as the starting point, there are few public chains that fully focus on the financial level. They are completely separated from the operation of derivatives of many high gameplays and are concentrated on the basic level. Osasion is definitely second to none. Chain, decentralized finance is its field of power, and DeFi products must be the first to bear the brunt of representativeness and competitiveness.
Compared with DeFi, the traditional financial system has a long history of development and a wide variety of types. Generally speaking, the traditional financial system mainly includes eight categories of issuance, custody, payment, lending, asset management, trading, insurance, and sales. All funds entering the financial system are transferred to these eight categories of functional nodes.
Therefore, if DeFi wants to develop, it also cannot bypass the functional nodes that exist in the traditional financial system. Unlike the traditional financial system, the application layer of public chain projects needs to realize DeFi. The core point is to establish a de-finition based on the public chain and the basic protocol layer. Trust mechanism and financial technology.
In the world of Osasion, the basic financial services are to learn from, but they must be treated differently. Any product is a form created by demand.However, in the financial field, it may not be created by demand, and it may also be created by capital. Therefore, the core of creating a decentralized finance lies in the needs of the broader users at the bottom and the effectiveness of products.
Osasion public chain is committed to building a distributed financial ecosystem on the decentralized asset consensus chain.The first MPOS consensus mechanism will create a distributed and decentralized financial empowerment network that is jointly built and shared by the main body of consensus. Financial innovation at the protocol layer will promote the fairness and scalability of the encrypted asset world.Osasion integrates consensus to build assets. Through a new ecological digital economy of distributed governance, it fits the core concept of decentralized finance and is committed to building an asset consensus public chain that benefits tens of millions of consensus nodes.
Osasion public chain created the world’s first MPOS (Multiple consensus impower single sign-on Proof of stake), and established a completely decentralized distributed node autonomous system through 25 million nodes.The joint construction of the overall public chain nodes allows everyone to participate and reward fairness and justice.The design of the node puts users in the network, and Osasion’s nodes will no longer be users but participants in the main body of the public chain, enjoying the rights of users and owners.