EOS/USDT DEFI system

This is a dual currency financial management system that can avoid unpredictable losses, and it is also a lending system that can never break positions

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Inspiration The emergence of DEFI has changed the world, but there are also some problems that seem unable to be solved, such as the problem of volatile losses after the investment of liquidity, such as the problem of the position explosion of pledge loans due to the sharp rise and fall of the currency price. I think there must be some system that can change these situations and make DEFI better! With reference to the traditional CEX dual currency financial system, I came up with this EOS/USDT dual currency zero volatile loss financial lending system.

What it does This system can be used to obtain income just like the single currency pledge mining, and can also be used for pledge lending. Even when the currency price fluctuates greatly, it is not easy to break the position, because the pledge lending is in the same currency.

How we built it We need to design an interface similar to flash cash to display the EOS/USDT exchange ratio (such as 1EOS/2USDT) in real time according to the quotation of the oracle machine. When customers want to deposit two currencies (100EOS+200USDT) into the system for financial management, they need to choose whether to see long or short. If it is long, cast 100PEOS, and if it is short, cast 200USDP. The system gives PEOS or USDP a certain APY The customer can also use 100PEOS to pledge again into the system, lend 90PEOS to redeem 90EOS, and change it into 45EOS+90USDT for secondary casting. Similarly, 200USDP can also perform the same operation

Challenges we ran into There are two problems. One is that the delay of EOS/USDT price change may be attacked by hackers and profit from the system. Therefore, the accuracy of oracle price is very important. II. The game between the system and customers may also cause temporary losses due to extreme market conditions, which requires a certain amount of liquidity invested in the early stage to solve such problems.

Accomplishments that we're proud of If this system can operate safely, it means that we have solved the three pain points of the industry: 1. the problem of the impermanent loss of DEX; 2. the problem of large liquidation of the lending system due to the influence of the market; 3. the problem of the profitability of the DEFI system

What we learned We will lock more TVLs with EOS chain to provide users with more value and safer participation options

What's next for EOS/USDT DEFI system In the future, we will consider building a BTC multi head system to store more BTCs for partners who are optimistic about the future of Bitcoin

Built With

  • but-my-english-is-not-very-good.-everything-submitted-here-is-an-online-translation.-we-use-defibox
  • dfs
  • mixdao
  • pink
  • pizza-in-our-chinese-community
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Updates

posted an update —

The EOS/USDT DEFI system is an idea. Maybe our team will develop it when it has raised funds. As a Chinese team, many of our conditions and rules are inappropriate. For example, we cannot provide MEDIA LINK, so we have to use the link of this week's EOS weekly report. It doesn't matter. Anyway, I came up with an idea that I think is great, and then I said it. Tomorrow and the result are not important! Entrepreneurs in our Chinese community have always been on their own path to self-reliance. We can just continue!

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