What is DeFi ?
Decentralized Finance (or simply DeFi) refers to an ecosystem of financial applications that are built on top of blockchain networks.
More specifically, the term Decentralized Finance may refer to a movement that aims to create an open-source, permissionless, and transparent financial service ecosystem that is available to everyone and operates without any central authority. The users would maintain full control over their assets and interact with this ecosystem through peer-to-peer (P2P), decentralized applications (dapps).
The core benefit of DeFi is easy access to financial services, especially for those who are isolated from the current financial system. Another potential advantage of DeFi is the modular framework it is built upon — interoperable DeFi applications on public blockchains will potentially create entirely new financial markets, products, and services. — Binance Academy
Powerful DeFi ecosystem on Binance Smart Chain that wants to revolutionize the DeFi sector on BSC by providing all in one solution for everyone. We are aiming to create a solid competitor to Ethereum DeFi projects and want to be an integral part of BSC Ecosystem. STAKD suite plans to create following solutions on BSC until the end of 2021:
- BaB mechanism
- Liquidity Mining and farming
- One of a kind Rebase mechanism with failsafe protection
- Launchpad with already two confirmed projects
- Stablecoin Yield farming
- STAKD Vaults and auto farming
Buyback and Burn (“BaB”) mechanism will be the core component of STAKD ecosystem. All products will have BaB mechanisms implemented. Let’s look at our core features and what kind of an impact they will have on the token circulation. We will explain more in the next article.
Why Binance Smart Chain?
With raising gas fees Ethereum has become a really inconvenient place to onboard new users and to build solutions on top of it. Binance Smart Chain products are underdeveloped compared to Ethereum solutions and with more and more users joining there will be a big need for DeFi solutions on the network.
Binance Smart Chain is a new blockchain with a full-fledged environment for developing high-performance decentralized applications. It was built for cross-chain compatibility with Binance Chain to ensure that users get the best of both worlds. — Binance Academy
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