Aegis DeFi Partners with IOST to Improve Scalability & User Data Privacy Protection

IOS Foundation
Aug 25 · 4 min read
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IOST is excited to announce the partnership with Singapore-based company Aegis DeFi, a profitable DeFi network for diversified lending services & lending-based derivatives. IOST’s technical support and the application of IOST’s “Proof of Believability” Consensus algorithm will help to optimize Aegis DeFi’s scalability performance, user data privacy protection, speed of transactions as well as validation of users’ “Aegis Score”.

As strategic partners, both parties will also pull resources together in co-building a DeFi ecosystem in terms of community growth, product development, technical support as well as marketing promotions in international markets. The two parties aim to jointly create a cutting-edge open finance platform with a sustainable DeFi network, making DeFi services diversified and accessible for all.

About Aegis

As a DeFi 2.0 protocol, Aegis features more diversified lending services besides over-collateralized lending, such as micro-lending and Unsecured Borrowing. Aegis uses a proprietary AI-powered credit scoring algorithm to assess users’ creditworthiness based on the data provided, and assign an “Aegis Score” to each user, which is similar to traditional risk profile assessments. The Aegis Score determines the maximum credit that a user is allowed to draw down from the liquidity pool, making DeFi services accessible for basically all users. Besides, Aegis also empowers the tokenization of assets and derivatives such as CDS.

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IOST- A Home to Build Your Ideal DeFi dApps!

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Decentralized finance, or in short DeFi, is a notion that the traditional financial system can be replicated on a decentralized, open-source, resilient environment, seamlessly operating without a middle man. Compared with other projects, DeFi has a lower threshold, relatively transparent investment environment, and considerable interest rates, which drive its rising popularity in the crypto market.

For DeFi dApps to satisfactorily compete with traditional applications, the underlying network must be fast, meeting the objectives and expectations of the dApp developers. In the mid of competition, IOST — an enterprise-grade, decentralized, and ultra-fast network oiled with the Proof-of Believability (PoB) consensus algorithm has what it takes to build a vibrant ecosystem by offering developer-friendly features and environments.

As one of the world’s leading public blockchain platform, IOST’s original PoB consensus mechanism can ensure better scalability and faster speed on the basis of decentralization. At present, IOST mainnet has shown a peak TPS of up to 8000. IOST offers developer-friendly features that improve product development efficiency. No congestion and no high gas fees as seen in Ethereum, the reason many developers choose to launch DeFi projects on IOST. A zero transaction fee also guarantees users the convenience and accessibility of using DeFi applications on the IOST chain.

By inking symbiotic deals with strategic partners and promising on-chain projects such as PowerDeFi, otbTRADE, ProDeFi from all over the world, IOST will gradually cement its position, even supplement activities of competing platforms for the better good of the space.

With the establishment of the Noah Oracle One-Million Dollar Fund and the additional Six-Million DeFi Fund, IOST gears up to unlock the potentials of more DeFi projects on its vibrant network.

About IOST

Supported by Sequoia, Matrix, ZhenFund, and other world-class investors, IOST is an enterprise-level blockchain platform developed for online service providers and is now considered one of the Big Four public chains in the industry alongside Ethereum, EOS, and Tron.

The IOST project team is currently mainly composed of R&D personnel focusing on blockchain distributed technology. The team is formed by more than 50 blockchain industry experts who have graduated from world top universities such as Princeton, Stanford, MIT, Tsinghua University, and Beijing University, and have more than three years of blockchain-related research experience.

With a one-year-old mainnet, IOST has swiftly risen to become a world-leading public chain renowned for its numerous government collaborations and enterprise partnerships around the world. IOST is one of the Big Four public chains with a rich user base and real applicability alongside Ethereum, EOS, and TRON. 500,000 community members, over 20 countries worldwide, and over 400 nodes, top staking economy, and growing.

If you would like to hang out with the IOST community on chat, social media or to discuss product development, we have something for everyone:

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IOST

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