Dear Proxi Community,
ProxiDeFi already embarked on the exciting journey of building a sustainable and profitable DeFi network for all. Now we are happy to introduce a new phase of Proxi development.
Marine.Cash: Empower the Liquidity of DeFi Market.
It is a DeFi aggregator, with which users can trade in a more efficient, decentralized, and privacy-preserving manner while enjoying the competitive reward for the network contribution they make. We wish that Marine.Cash can provide liquidity power to DeFi ecology just like the ocean. Marine.Cash is also a liquidity incentive program initiated by the Proxi community. Different from other swaps, the mission of Marine.Cash is to empower the liquidity of the lending platforms and farming communities in the DeFi ecology, offering the opportunity of earning governance tokens.
Marine.Cash has no pre-mining, no investment, no team allocation. The farming process is open and transparent. Liquidity pool listings will follow the mode of community vote.
Ok, but where is it?
It will happen on Binance Smart Chain (BSC).
There are many weaknesses of Ethereum, especially high transaction cost and low scalability. While BSC might not have the level of adoption Ethereum does at current, we believe in Binance’s ability and drive to get it mighty close in the foreseeable future. Besides, the fact that Binance is extremely supportive of the current DeFi movement ideologically, it also has developed an infrastructure where decentralized finance products can be constructed while supporting EVM-compatible smart contracts and protocols. Cross-chain transfer and other communication can be achieved by the native support of interoperability.
To take a detour around the high gas fee and congested network of Ethereum and offer Proxi community exceptional user experience, we feel it is the right move to build it on BSC.
Keep going, what is the catch here?
One of the perks of working in DeFi space is that you get to learn from the best. We want to take the essence of SushiSwap/Uniswap and enhance it with Marine.Cash. In other words, no pre-mining, no investment, no team allocation. Marine.Cash is and will be a product by the community and for the community.
I cannot wait, just tell me when?
We will be rolling out the mining details soon. Please subscribe/follow Proxi social media or join in our telegram community to stay updated.
PROXI is DeFi 2.0 for Cross Chain Derivative Issuance and Credit Lending. PROXI provides the smartest way to invest derivative assets and earn interests with credit-based high leverage tools through the decentralized secure protocol.
The mission of PROXI is to build a one-stop platform for cross-chain multi-asset collateral service, Credit-based lending, derivative issuance, trading and asset management in the DeFi area, providing users with revolutionary, decentralized, and risk-minimized financial products.
Official website: https://proxidefi.com/