“Binance Smart Chain is solving the scalability problem of Ethereum and creating a user-friendly decentralized economic system by linking the centralized exchange and DeFi,” said Ozis CEO Park Tae-gyu. “We plan to accelerate our targeting of the global blockchain market by verifying our accumulated DeFi capabilities and cross-chain technology.”
On the 6th, Blockchain technology company Ozis, a decentralized finance (DeFi) protocol running on Binance’s blockchain platform’Binance Smart Chain (BSC)’, the world’s largest cryptocurrency exchange,’Belt Finance’. Belt.fi)’ released.
According to Ojis, Belt Finance is based on the composability of DeFi, the advantages of Automated Market Maker (AMM) protocols such as Uniswap and Curve, and the deposited assets. It is a new concept of DeFi protocol that combines Auto Compounding, which provides optimal compensation by linking.
An Ozis official said in a press release, “Because Belt Finance in particular can supply liquidity with coins of the same value and character, such as Tether (USDT) and Dai (DAI), systemized deposits while minimizing impermanent losses. It is an explanation that it is efficient because it can be provided with Yield Optimizing.”
“In addition, in line with the launch of Belt Finance this time, we will launch an IFO (Initial Farm Offering) through cooperation with the representative DeFi service of Binance Smart Chain, PancakeSwap, to target the global DeFi market. It is Binance’s smart chain’s largest DeFi protocol, which has secured 4 trillion won of liquidity and an average daily trading volume of about 200 billion won. “We plan to secure more liquidity and users based on expanded interoperability and convenience by linking with Orbit Chain to Binance Smart Chain as well as cross-chain asset transfer.”
Meanwhile, Belt Finance’s Pancake Swap IFO is scheduled to be held on March 10, 2021 on the Pancake Swap official site.
Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at blockreview.net. Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.