A REVIEW OF THE DEFI CHALLENGES AND HOW DEGETHAL SOLVES IT.

rahaman22 (25)in #degethal • 3 years ago

One of the most noticeable challenges associated with DeFi based project is that of liquidity. Most times, the rate of exchange in decentralized exchanges (DEX) often depends on the volume of liquidity provided by the liquidity pool (LP). The volume of the liquidity pool is dependent on the liquidity providers. Most times, the more rewards they receive will influence the measure of liquidity they will provide. As a result of the great liquidity, users can easily purchase assets on the exchange normally at an affordable rate. However, users should pay very high fees to get great liquidity. The speed of exchange and furthermore the accessibility of a profitable exchange rate is dependent on the high commission charged.

Furthermore, most crypto projects that are defi based often depend on the blockchain network that they are deployed. Aside from the fees charged by exchanges in type of commission, one needs to pay fees for the transfer of tokens on the blockchain. One of the renowned blockchain network inside the crypto ecosystem today is Ethereum blockchain. Some of its features includes having a low exchange speed, high commission just as high gas fees. For most crypto enthusiasts, speed is a significant factor due to its instability of prices.

Moreover, as a result of the dependency of defi projects on blockchain, exchange (purchasing or selling) on decentralized exchanges (DEX) may not be really profitable or desirable. Frequently traders are not realky able to maximize benefit. Interoperability and absence of versatility is likewise another challenge which makes inter chain interactions to be troublesome. For example, trading Bitcoin (BTC) on decentralized exchanges (DEX) isn't even possible due to the way that the Bitcoin blockchain isn't compatible with smart agreements. Likewise, Fiat can't interact with dex, hence why stable coins are preferred trading assets on DeFi exchanges.

DEFI POTENTIALS WITH DEGETHAL

From the foregone investigation, there is no question that the Defi sector is indeed a quickly developing one with development potentials. The numerous economic emergency bedeviling the worldwide economy is one of the triggering factors that has forced numerous into seeking for alternatives and way out. The customary monetary system have not been able to come up with unique arrangements. The defi sector is a better alternative to the existing system.

The DeGeThal stage is deployed on the blockchain technology. It is a transparent, decentralized and safe from adulteration of database. It's decentralized nature, enables a reasonable and open conveyance system. Degethal wallet has a feature which helps users to easily track and keep records of their DTM tokens, do exchanges and furthermore create accounts where they can transfer money across the globe. Inside the DeGeThal stage, users will have access to some of the most attractive and innovative items.

Aside from the chance of making payments and doing exchanges internationally, the DeGeThal stage likewise presents diverse and numerous earning opportunities for users.

DTM TOKEN

The DTM token is the governance token of the DeGeThal stage and furthermore serves as a key factor of the ecosystem. The DTM token is quite urgent in the development of the DeGeThal system. A significant element will permit users to acquire benefit. The significant objective of the DTM is to establish an ecosystem where users can actively participate towards using the token in paying for services on the DeGeThal stage and furthermore acquire from the trade of DTM tokens when listed on exchanges. The marking feature is additionally another earning incentive on the DeGeThal ecosystem.

Token Details

Token Ticker: DTM

Network: Binance Smart Chain

Available to be purchased: 50,000,000 DTM tokens

Posting: TBA