Leasing Markets Expand the DAPP Network’s Horizons
First Blockstart and Now Chintai: Resource Lending is Bringing More Momentum and Efficiency to the DSP Free Market
The beauty of open-source software is the ease with which innovation can compound itself as different companies and projects seek out synergies by integrating each other’s technology. It moves the relationship between different teams out of the realm of zero-sum competition and creates win-win situations that are mutually beneficial to all ecosystems.
Chintai’s recent DAPP Network integration is exactly that — a fruitful collaboration that opens new horizons not just for these two ecosystems, but for the blockchain space as a whole. The leasing market model was pioneered by Blockstart, who demonstrated a way to drastically reduce the resource costs for dApps by utilizing DAPP Network on a ‘pay-as-you-go” model. With its leasing market now live, Chintai joins Blockstart in driving forward this novel economic model on the DAPP Network.
Leasing markets are pioneering an entirely new class of DeFi dApps.
Low-cost resource rental for developers and more lending opportunities for token holders.
It’s a win-win, and it’s evolving on the #DAPPNetwork. @ChintaiEOS @Blockstart_one @LiquidAppsIO
Why Leasing Engines Are So Advantageous
Developers require network resources in order to build and operate smart contracts on public chains. The scarcity of these resources, be it gas on Ethereum or RAM, NET and CPU on EOS, is a point of friction that prevents dApps from being built at scale. This is especially true in times of network congestion when demand for such resources outpaces their availability. During these periods, accessing network resources becomes particularly costly and inefficient for developers. Furthermore, accessing these resources requires users to hold the underlying utility tokens which are often volatile in nature.
By allowing users to access resources on a ‘pay-as-you-go’ model, token leasing markets provide significantly lower price volatility and more predictable user experience. Leasing markets allow developers to access services in exchange for a fixed fee, which introduces an element of predictable resource allocation. Developers now have the option of going the traditional route in order to utilize DSP services and sourcing resources through leasing markets, allowing them to optimize their dApps for both cost and performance.
Blockstart first showcased the capabilities of leasing markets when they enabled this functionality a few months ago. As a company with vast experience consulting for startups and venture funds, Blockstart initiated a DAPP leasing service to meet the demands of early-stage businesses considering a migration to blockchain technology.
Now, Chintai’s latest release opens up yet another liquid resource pool for developers, allowing them to borrow resources at the fraction of the ordinary cost. Meanwhile, lenders supplying liquidity to leasing markets get to share in the interest paid by borrowers on resource loans.
Unlocking Possibilities Across Multiple Chains
While leasing markets are exciting on their own, their impact can be significantly scaled when coupled with the DAPP Network’s cross-chain functionality. Leasing markets could operate across multiple chains, allowing developers on other chains to access DAPP Network services without leaving their ecosystem. With Wax and Telos having already integrated the DAPP Network, leasing markets can finally emerge on multiple chains, giving developers an opportunity to access DAPP Network services without leaving their native chain and token. This could potentially be extended beyond EOSIO to encompass the Ethereum ecosystem as well.
The DAPP Network is constantly evolving, with community-driven projects adding more utility to the network and engineering more efficiency in the DSP free market with each passing day. Whether you’re a developer on the hunt for resources or a community member wishing to contribute to the DAPP resources pool, check out Chintai’s easy-to-follow guide on utilizing their DAPP leasing marketplace.
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