HALO Network: Introducing Advanced Innovations to the DeFi Structures

Decentralized Finance (DeFi), regardless of its massive growth and importance to the crypto ecosystem, still needs a high level of advancement and sophistication in its structure to meet current user needs. This is needed to intensify its feature for more efficiency which if not done can wreck the DeFi ecosystem and take it off the market.

Therefore, HALO Network has taken advantage of the knowledge of other projects to design a reliable and efficient blockchain structure that can conveniently operate on the Ethereum blockchain, this is to say that some infrastructures of the Ethereum Network are moved and combined with the HALO Network community.

About HALO Network

HALO Network is a system whose major concern is in the creation of a decentralized financial system, which is intended to provide an efficient HPOS systematic coherence, a two-way but trustworthy transactional definition as well as a safe and strong oracle structure. In order to achieve certain mechanisms necessary for the growth and development as well as efficient service delivery of the DeFi ecosystem, HALO Network makes scalable elements available to ensure proper liquidity regulations and the aggregation of data obtained from outside and inside the chain.

What HALO Network Does

The network adopts the following methods to attain its quest of establishing a more usable DeFi structure:

• To achieve a more pronounced Decentralized Finance features, the speed which the HPOS produces is way faster compared to that of the Ethernet, it produces an outstanding number of transactions in a short amount of time.
• The HOSWAP makes use of new creative modes to regulate transactions using a dua-mode liquidity.
• The network also promises a solution to cross-chain problems as well as efficient and reduced cost of transactions.
• As a system built on decentralized oracle instruments, it delivers a wide-range of information and encourages the collection of price feeds from outside the chain to the on-chain.

How HALO Network Operates

HALO Network follows some laid down steps to achieve its scalability and high throughput transactions objectives.

Decentralized Principle

There are no superiors in HALO Network, whether within the Networks Lab, amongst its users nor the ecosystem. This gives every individual on the network rights without any exceptions, a reasonable number of users are active participants of the decision making, the validity of these decisions is therefore determined by how much HO a user has.

Principle of Compatibility

There is a strong feeling of certainty behind the network effect and the Matthew effect that there will be a tangible increase and efficiency in the Ethereum community. Therefore, HALO Network is designed with that in mind, that is with a better accommodating feature to the Ethereum Network.

Scalability Principle

Blockchains that exist within the same environment usually share similar functionalities and structural set up, as it is not every system that should be developed afresh. HALO Network supports the creativity of decentralized applications, which are aimed at providing efficient services, and are easy to use.

Interoperability Principle

The most important element of the newest version of decentralized finance is its interoperable ability. The major reasons why some projects and systems experience poor interoperability is due to the low standard of their structures which could lead to inefficiency in provision of feeds to the chains.

Some Decentralized Features of HALO Network

HALO Network is created upon the technology that introduces the DeFi protocols to establish strong decentralized finance products. This serves to cover up for the needs of the digital financial economy involving forms of transactions. The network is not just scalable but can be easily combined and increases transactional abilities to attain the desire of the market.

HALO Oracle

This feature guarantees the connection between off-feed with smart contracts in a decentralized way, this can be seen in the case of DeFi connection to external information and APIs.

HOSWAP

This happens to be the bedrock of the decentralized finance composition, this feature is spectacular in that it single handedly spurs the functionality of the decentralized applications. It has been noted that HOSWAP encourages two modes of trading, which are: the HMM nodal market maker mode and the AMM automated market maker mode.

HALO Stablecoin

Depicting the currency ticker HOUSD, individuals acquire the HALO stablecoin simply by holding their assets on the HALO stablecoin smart contract. This token is more than just a single token, but also a series of digital assets. The major reason behind the introduction of the HOUSD is to permit fiat currencies into the Hao network as well as other blockchains.

HALO Loans

HALO Network’s HOP2P1.0 protocol ensures the success of a non-centralized lending process. This allows individuals to put up funds into the liquidity pool, it is required that funds are first promised, the borrowed funds are also required to be lower in value as compared to the products given in exchange.

Tokenomics

Given the need for a medium that facilitates trade, every system or network owns a native token, the same way the Hao network has designed a token that is peculiar to the HALO network community. This token is known as $HO and is both the utility and governance token of the network. This token will not only serve as a token for governance but also a reward medium for mining and staking the token on the HALO staking contract.

Here are basic uniqueness of the HO token compared to the Binance Smart Chain token (BNB):

• HALO Network performs swift and affordable transactions as compared to the transactions on the BSC.
• HO is pegged to BSC and is called BSC-HO, as such one can bridge BSC-HO to HO .

Conclusion

HALO Network is created from past knowledge that has been overtime tested and proven viable. It is an innovation of chains that have been in use. The network provides a double transaction medium that bridges HMM and SMM with liquidity providers . Through the use of smart contracts and HPOS the HALO Bridge provides consensus for an expanded DeFi Apps that will create a safe, efficient and effective, scalable and swift environment. Hence, the major aim of HALO Network is to design and introduce creative development of blockchain technology within the DeFi word.

Follow HALO Network and stay up-to-date:

• Official Website: https://halo.land
• Telegram Group: https://t.me/HALONetwork
• Telegram Channel: https://t.me/HALONetwork_news
• Twitter: https://twitter.com/network_halo
• Medium: https://halonetwork.medium.com
• Reddit: https://www.reddit.com/r/halonetwork
• Discord: https://discord.gg/7rMEbWzacd