1. The Synthetic Assets Agreement opens the way for the digitization of traditional financial assets
With the continuous development of cryptocurrency technology, its application in the financial field has become more and more extensive. For example, in this round of bull market, DeFi played a big role. It is the engine of this round of bull market. Each public chain on the above also has a DeFi track layout, and various DeFi protocols have greatly expanded the application scenarios of cryptocurrencies.
The decentralized protocol allows us to conduct decentralized transactions of cryptocurrencies without registration or KYC, and even the AMM model of Swap allows cryptocurrency holders to share the transaction fees of the exchange as the "shareholder" of the exchange. It has greatly promoted the development of decentralized trading, and DEX/SWAP (such as Uniswap) that can be comparable to the daily trading volume of centralized exchanges has been born. The DeFi mortgage lending agreement can activate the assets in the hands of users, expand the funds available for investment in the hands of users, and thereby increase the overall rate of return on investment.
With the in-depth development of DeFi, the DeFi protocol has become more and more abundant, and it will definitely have a profound impact on the entire cryptocurrency industry. In these DeFi subdivisions, the synthetic asset protocol led by Synthetix has not only greatly affected the cryptocurrency industry. Great influence, and the synthetic asset agreement can synthesize traditional financial assets in the real world on the blockchain. We can easily purchase other financial assets through the infrastructure of digital currency transactions. For example, we can use Ethereum Tokens can buy Tesla’s shares, digital currencies can be used to buy gold in the form of synthetic assets, etc.
Theoretically speaking, any financial asset can be synthesized on the blockchain. Among these synthetic asset projects, DEUS Finance not only allows us to trade traditional financial assets, but also can trade cryptocurrencies. DEUS Finance is not just a synthetic asset protocol, it is a comprehensive decentralized finance (DeFi) protocol .
Second, what is DEUS Finance
DEUS finance is a decentralized finance (DeFi) protocol that securely transfers any digitally verifiable assets to the blockchain, allowing any verifiable digital and non-digital assets to enter the blockchain so that users can Trade real-world assets and derivatives, such as stocks and commodities, directly on the Ethereum blockchain. Mirrored assets are 1:1 equivalent to assets in the real world, and transactions can be concluded on Uniswap and other decentralized trading platforms.
Due to restrictions by various countries’ policies and other reasons, not all high-quality financial assets in the world can be easily traded. For example, for US stocks, gold, etc., users in many countries cannot easily trade, while cryptocurrency technology with decentralization as the underlying layer is inherently borderless. As long as the wallet private key is in your hands, no one or organization can seize or confiscate it.
As a decentralized finance (DeFi) protocol, DEUS finance can synthesize high-quality financial assets in the real world (such as stocks, gold, and commodities) onto the Ethereum network, and can purchase traditional finance through ERC20 tokens such as ETH Assets, this not only expands the investment range of cryptocurrency investors, but also for those users in a certain country who are restricted from trading due to policy and other reasons, they can use cryptocurrency to trade traditional financial assets such as US stocks.
The prices of synthetic assets through the DEUS finance platform are kept in sync with the prices of original financial assets through oracles.
3. Main advantages of DEUS finance
As a decentralized DeFi protocol, what are the main advantages of DEUS finance?
1. DEUS finance not only has a Swap platform, but also a synthetic asset trading platform
DEUS Swap is a flash exchange trading platform of DEUS finance. ERC20 tokens can be traded on this platform. Currently, the assets that can be traded include ETH, DAI, USDC and DEUS.
SYNTHETICS is DEUS finance's synthetic asset trading platform, on which DAI can be used to purchase traditional financial assets such as dTSLA (a synthetic asset form of Tesla stock). In addition to being a simple tool for investing in cryptocurrencies or cryptocurrency baskets, DEUS bridges the crypto economy and traditional markets.
2. Allow to simplify the investment in cryptocurrency in the form of blockchain derivatives
With the continuous development of cryptocurrency technology, there are basically high-quality cryptocurrency assets on every public chain. For users, because each public chain has different standards for issuing assets, we need to use various Different digital wallets for storage.
Through the DEUS finance platform, other assets issued on different public chains can be synthesized into the form of ERC20 assets, and even traditional financial assets can also be synthesized into the form of ERC20 digital assets, which will lower the user's investment threshold for crypto currencies.
3. Make it easy for crypto investors to invest in traditional assets and commodities
On the DEUS platform, not only stablecoins and other cryptocurrencies can be traded, but also coinbase futures, bakkt futures, and SP500 and forex indexes can be purchased.
Traditional financial assets can be synthesized on the DEUS finance platform. We can use ERC20 tokens such as ETH and DAI to trade traditional financial assets through the DEUS finance platform.
4. The first product that allows the flexible combination of crypto and non-crypto assets in a basket
The development of DeFi has also led to the birth of various cryptocurrency financial derivatives. The combination of cryptocurrency and non-cryptocurrency will be a major trend in the future. In the future, there will be more combined derivatives of cryptocurrency and non-cryptocurrency, DEUS Finance is the first product that allows the flexible combination of crypto and non-crypto assets in a basket.