PARADEFI READY TO LAUNCH A BETA VERSION OF GOVERNANCE ON THE ROPSTEN TESTNEST

Govern the ecosystem by a vote

To increase the role of the community in the Paradefi decentralized platform, the team has been building a user-friendly governance interface for Paradefi Ecosystem, that has been one of our accomplishment to be completed.

The governance is built on the Ropsten Testnest, it is a part of our universal milestones. To build democracy and transparent decentralized protocol, community governance is a crucial completion of the full decentralization of an ecology. The community governance allows a defi protocol to move forward a flexible financial architecture without any disadvantage dependence on any centralized institutes. As a result, the scalabilities are expanded strongly.

This is the revolutionary future finance model, it will be an enemy of traditional finance with advanced blockchain. The team has been striving hard to create a user-friendly innovative decentralized platform in which borrowers and lenders will freely interact with each other in the lending pool.

Besides that initial accomplishment, we also have successfully integrated with some fiat on-ramp and off-ramp integrations to support the liquidity of over 42 currencies worldwide, this number for sure will increase massively in the future. Paradefi is now the first Defi protocol to resolve the fiat liquidity in a secure and free environment.

The Paradefi foundation has built the most modern application interface programming (AIP), each Defi project not only compete with each other in the blockchain technology but also in the evolution of AIPs. During the Beta test, Paradefi invites random users to experience the governance votes as well as to test the AIP as one of our core proposals for the community. Each valuable voted will be codified into the source and submitted to the developers’ team to validate that.

Invited users can vote on new proposals freely, in the Ropsten Testnet. The beta testing would take up to 3 months before launching the mainnet. All votes will be recorded to implement on the mainnet of Ropsten.

Shortly, each user’s vote will contribute significantly to the Paradefi community about the approval or rejection of anything in the governance protocols.