ZEED Protocol: Actualizing A Truly Decentralized Financial Integrated Ecosystem
The world needs a decentralized financial system where no one gets to hold others to ransom — a problem made glaring thanks to Putin’s war. The suspension of Russia from the SWIFT system thanks to a gang-up of several European countries and the US wouldn’t happen in a decentralized financial system that’s immune to such a catastrophe. DeFi platforms like Zeed Protocol have risen to the challenge, providing a viable alternative to the traditional system that’s subject to politics and bias.
What Is Zeed Protocol?
Zeed is a decentralized finance ecosystem that uses innovative products to handle financial transactions. On Zeed, you can conduct cross-chain transactions at the cheapest costs thanks to the underlying financial products deployed.
Zeed hopes to bring to the limelight the application value that’s possible with the blockchain. Thus, the DeFi protocol’s reliance on multiple innovative financial products further exposes the shortcomings of the current financial system.
The HALO Connection
The lofty goals of the Zeed Protocol can only be realized through a stable bridge. HALO Bridge, one of the numerous products of HALO Network, provides the cross-chain bridge that makes Zeed Protocol actualize its potential. It’s through HALO Bridge that cross-chain transactions are conducted on Zeed in a fast, convenient, and affordable manner.
Beyond the HALO Bridge connection, Zeed Protocol is getting liquidity support from HALO Network. The DeFi platform has recently gotten its native token ZEED listed on HOSWAP BSC, HALO Network’s main DEX. You can easily trade ZEED on the decentralized exchange that’s domiciled on Binance Smart Chain (BSC). This liquidity support includes the creation of ZEED liquidity pools, so holders can easily add liquidity while improving the fluidity of transacting on the DEX.
The Expectations For Zeed
Where Zeed tends to differ from most DeFi protocols is its autonomous nature. Users don’t have to be wary about the protocol getting shut down or team members absconding with supposedly locked funds. Zeed is completely in the hands of the community, so there’s zero chance of manipulations or rugpull. One of the main concerns affecting DeFi protocols is the risk of a rugpull by the team behind the decentralized platform. With Zeed, users don’t face such a problem as the community dictates the operations of the protocol.
With the emergence of Zeed, we are optimistic about a more decentralized financial system that people are comfortable using. This expectation is heavily reliant on the ecosystem meeting the needs of users in every way.
Zeed will make intelligent contracts commonplace across multiple blockchain networks. The lack of efficient cross-chain interactions has affected mainstream adoption of blockchain technology, but there’s a strong belief that such will change with Zeed Protocol.
The traditional finance system has made the credit system rather complicated, which has seen evaluation become subject to guesswork. The result is that credit score calculation is suddenly tough and that shouldn’t be the case. Interestingly, Zeed has launched its decentralized credit evaluation setup. This is a recently launched service that’s aimed at making the financial system fair to everyone. With Zeed’s decentralized credit evaluation, it’s hoped that credit is no longer the tool of only the rich. Imagine a world where smart contracts evaluate a person’s creditworthiness, there would be less worry about manipulations and discrimination in credit facilitation. Zeed’s initiative is a beacon of hope for a truly efficient credit system.
The Zeed Partnerships
Zeed Protocol’s autonomous structure is certainly advantageous, but there’s a lot more to the DeFi ecosystem that makes it tick. Partnership is one area that has bolstered Zeed’s capacity to deliver on its many promises. The protocol has entered collaborations with different platforms, allowing it to offer access to many of the innovative products built on the blockchain.
The collaboration with HALO Network is known to many. Zeed’s partnership with the public chain provides the protocol with access to liquidity and some DeFi-focused infrastructure. Everyone is familiar with the strength of HALO Network in the DeFi space. The public chain has become the powerhouse of decentralized finance applications, and Zeed is looking to leverage this opportunity for the betterment of its users. Also, this collaboration with HALO Network has allowed for a liquidity flow into the DeFi ecosystem through ZEED LPs and listing on HOSWAP BSC.
Another partnership that has helped the cause of the Zeed Protocol is that with the FAR NFT Ecosystem. As NFTs become increasingly popular, Zeed looks to leverage the dominance of FAR NFT to cater to the surge in interest in these non-fungible tokens. This collaboration will provide Zeed with a vantage position to service the NFT craze. This is in addition to the numerous financial products — lending, borrowing, and others — that the FAR ecosystem has to offer.
An autonomous DeFi protocol like Zeed has a lot to offer in a financial system that’s firmly in the grips of a few. The combination of disruptive decentralized financial products and Zeed’s community initiative will see the financial system change for the better. With the financial products available on the DeFi platform, countries no longer have to be held hostage for the actions of a few as we have seen in the world today.
Zeed is riding on the back of several partners like HALO Network to deliver innovative financial products without the restrictions that have haunted the centralized financial outfits. Hopefully, the DeFi protocol succeeds in upstaging the establishment.