Inthe first half of this year, DeFi shed the limelight in the digitalcurrency field, with lock-up volume exceeding 11 billion U.S. dollarsin a short period, and the number of wallet downloads exceeded 5,000.But judging from the current application of DeFi, this is just asmall test of decentralized finance in the encryption industry. Withthe participation of large institutions and large trading platforms,DeFi 1.0 is about to end, the 2.0 era will begin, and the next waveof wealth The tuyere has quietly arrived.
DeFi,which leads the future of new finance, should not only solve thefinancial needs between people, but also create a new system ofpeople-to-people finance, people-to-business finance, andbusiness-to-business finance. It will not be logical and cost less toreplace the old with a brand-new ecosystem.
If the old system issufficiently developed, the process will be longer. To shorten thisprocess, tens of thousands of DeFi projects have enthusiasticallyentered the arena, including not only powerful"veterans" such as Chainlink, MakerDAO, and Compound butalso rookies like Combo.
Combois developed based on the "four-layer network" technicallogic of the Kuchain public chain. It is a new decentralizedfinancial derivative aggregation protocol, including liquidity miningprotocol, synthetic asset issuance protocol, pledge mining, oracles,which are traditional financial assets It provides a decentralizedfinancial development bottom layer through seamless blockchaintechnology.
Combois completely decentralized and free of access. The purpose is toallow all users to easily participate and provide a solution channelfor traditional financial assets and more diverse and complex tradingstrategies.
Liquiditymining is a way to promote the circulation of decentralizedcryptocurrencies. At present, the liquidity mining of Combo mainlyrefers to products on the Ethereum blockchain. It is obtained byproviding liquidity for Combo in DEX income. Simplyput, deposit token assets to start mining.
TheCombo aggregation protocol will set up a liquidity mining bonus pool.Users can deposit USDT, ETH and other stable currency encryptedassets into the decentralized trading platform to provide liquidityfor the Combo asset pool, thereby obtaining the Combo trading token.Pledge Combo trading tokens on the Combo pledge platform toparticipate in Combo liquidity mining. The more funds invested andthe longer the time, the greater the share of liquid mining poolsobtained. The liquidity mining reward will be divided into theliquidity mining reward pool based on the liquidity mining poolshare. among them:
Liquidity mining pool share =user liquidity mining token parameters/liquidity mining token totalparameters × 100%
Synthetic asset issuance
Synthetic asset is a financialinstrument that simulates other instruments and is based on acombination of one or more assets/derivatives on Ethereum. Themarkets for derivatives and other traditional financial assets arevery large, with a total market value of hundreds of billions ofdollars. Encrypted synthetic assets can connectthe world of encrypted assets and traditional financial assets, andcreate liquidity for the encrypted market.
Theoperation of the Combo Synthetic Asset Agreement is supported byCombo. When Combo holders enter the Combo-Mint platform (a syntheticasset platform that interacts with Combo smart contracts), theirCombo is used as collateral at a mortgage rate of 650%(collateralization rate). The change will be determined by Combousers to vote) to mortgage, then synthetic assets can be generated,and the mortgage rate can be increased or reduced through thecommunity governance mechanism in the future. Combo mortgagors willincur debts when they create Combo synthetic assets. To exit thesystem (that is, unlock the pledged Combo), they must repay the debtby destroying the synthetic assets. Synthetic assets are syntheticassets that track actual asset prices.
Inpledge mining, the nodes in the blockchain system do not need toohigh computing power. They only need to pledge a certain amount oftokens. After running for some time, new currencies can be generated,and the new currencies generated are obtained through pledges.income. This is equivalent to depositing moneyin the bank and getting a certain amount of interest every year.
Anyonewho has participated in Bitcoin mining knows that it takes cost tohave their mining machine to mine, especially buying mining toolssuch as mining machines, graphics cards, chips, etc. This is beyondthe reach of ordinary people. of. The emergence of pledge mining hasmade mining more popular. As long as there is a hard disk, mining canbe carried out, which greatly reduces mining costs. At the same time,POC mining uses hard disk capacity to replace computing power andimprove calculations. The threshold of power centralization, even ifthere are super miners, ordinary retail investors can continue toearn profits.
Assumingthat the "data source" in the real world and the "datainterface" in the blockchain are two countries that usedifferent languages, the oracle is the intermediate translator.Through the oracle smart contract, it cancommunicate with off-chain data. Obstacle communication.
Theblockchain is a closed environment, and the real world data outsidethe chain cannot be actively obtained on the chain. Mainly becausesmart contracts on the blockchain passively receive data. Secondly,the smart contract is not actually "smart", it only reachesthe trigger state program when the corresponding conditions are met.At the same time, the final execution of the smart contract requiresthe signing of the private key of the contract participants, and thesmart contract itself cannot be automatically executed. When thetriggering condition of the smart contract depends on the informationoutside the blockchain, the information needs to be written into therecord in the blockchain first, and the oracle must be used toprovide the information outside the blockchain.
Asthe first Defi ecological project of KuChain, Combo provides theindustry with a decentralized financial development bottom-levelplatform that includes four protocols: liquidity mining protocol,synthetic asset issuance protocol, pledge mining, and oracle, whichcan realize multiple zones. Value flow between blockchain assets.Overseas experts predict that Combo is expectedto be among the forefront of DeFi projects next year.