The core concept behind DeFi is: interoperability. DeFi not only provides an opportunity to build new economic systems, but also provides an opportunity to integrate new technologies into existing systems to greatly improve them.
After more than half a year of silence, in order to give full play to Polkadot’s cross-chain underlying technical support, the team redefines the technical architecture and functions of bandot. Committed to the speed and liquidity of cross-chain token transactions in Polkadot.
Lack of liquidity is the danger of DeF. As investors continue to feel the panic of selling and the market is struggling in the long-term continued tightening, concerns about lack of liquidity have exacerbated the volatility of digital currency prices. Conversely, when large transactions are made on the blockchain, it is almost impossible to avoid slippage, which further aggravates price fluctuations and investor concerns. Centralized financial systems benefit from the support of the central bank and help support liquidity. This can be said to be the biggest incentive for users to stay loyal to these traditional systems. But solutions to DeFi’s liquidity problems have surfaced. For example, the use of decentralized liquidity pools is a promising innovation. The concept of shared liquidity in a “pool” embodies the core value of a decentralized community.
- Bandot re-introduces three major modules:
Cross-chain token swap-support the token cross-chain swap function of different parachains.
Virtual automatic market makers-improve market liquidity, quality increase the number of market makers and strengthen competition between market makers are more conducive to improving the quality of market liquidity.
Unsecured lending system-you can borrow instantly and easily without any collateral, as long as the liquidity is returned to the fund pool in a trading system.
2. Project highlights
Maximum liquidity-Solve the long-term liquidity problem of DeFi
Polkadot is the first to introduce the concept of vAMM (Virtual Automated Market Maker)
The first to introduce a stable currency unsecured lending system to release the full DeFi potential of Polkadot
Scalable and secure based on Polkadot
3.user experience process
4.Bandot’s value characteristics
Bandot cleverly combined these Lego modules into a stableCoin cross-chain lending system
5.Bandot provides users with value
6.governance model
The governance model is the direction of community responsibility, and the Bandot team is responsible for implementation. BDT holders can vote for each proposal. Participation in voting requires staking. A proposal needs to meet the quorum requirement before it can be passed. BDT token holders are the decision makers of the Bandot ecosystem. The community can propose iterative proposals to determine the direction of Bandot’s development.
Finally, in order to promote ecological development, Bandot will also encourage more people to participate in the ecological construction, including users who can get BDT token rewards if they recommend Bandot, and BDT rewards if developers participate in the development of Bandot.
7.Bandot’s advantages
Business value of cross-linked assets
The cross-chain circulation and free interaction of assets have brought three major values to the network and enterprise users:
Asset exchange
The cross-chain of assets brings security and transparency to the exchange of assets. Users can freely exchange assets in the encrypted world based on their anonymous identities in the chain. They don’t need KYC, no centralized audit, no trust in third parties, no purchase of fake assets, and no misappropriation of assets. Asset control is always in the hands of users.
Expand cooperation between projects
There can be a division of labor between chains, each of which focuses on specialization and verticalization, and provides users with unique functions. Cooperate and complement each other through cross-chain methods. From full competition to open collaboration, comprehensively enhance network value and network effect. For example, BTC plays the role of digital gold and flows into other chains as the base currency to play the role of store of value.
Open finance
Cross-chain integration based on assets will bring broader prospects for open financial applications. Today’s open financial applications are considered to be one of the most explosive scenarios in the blockchain. However, due to current restrictions and chain-to-chain decentralization, Defi applications are trapped in a single asset and a single user group and do not support the ability to continuously make profits across chains. For example, Ethereum’s MakerDao application is currently limited to using ETH or ERC20 tokens as collateral and can only provide services to Ethereum users. Since BTC cannot support smart contracts, MakerDao cannot be deployed to BTC. In addition, in order to provide services to EOS users, MakerDao needs to redeploy a set of MakerDao smart contracts on the EOS chain. This is a completely isolated world. If there are assets in the entire chain, it will be completely different. An application only needs to be deployed once, and all assets can be used across asset chains, while providing services for users of all chains.
At the same time we are recruiting rust engineers…
Welcome to contact us bandot101@outlook.com
