Sabtu, 03 April 2021

Off-Chain Oracle Analytics Aggregation for On-Chain Trust on Binance Smart Chain.

 


Introduction

hello friends, meet me again Tuyanto this time I will provide information about the arrival of a very extraordinary company, because this company is a decentralized digital asset lending platform through blockchain technology and deFi.

Decentralized Finance or DeFI is currently the prima donna in today's blockchain world. DeFi has a vision and goal to transform today's financial sector by providing decentralized financial services by leveraging blockchain technology and smart contracts.

The need for decentralization of financial services is important because currently the central authority controls all functions in this sector. Bitcoin and blockchain emerged with the main function of eliminating the role of third party institutions by directly authorizing users to participate in crypto trading, many who thought their applications were limited to payments or money transfers, but the financial sector or decentralized DeFi also exploded. And for more details, you can directly contact this website: https://rain.credit/ or you can directly cooperate with a very extraordinary project below.

About the Rain.Credit Project?

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Rain.Credit

Rain.Credit is a BEP20 token on the Binance Smart Chain which acts as a non-custodial Off-Chain Data analytics Oracle Aggregator providing concise Credit rating on a user’s address. This credit rating is used to provide a better collateral factor for digital asset lenders and borrowers on the rain platform. Rain.Credit is based on the current decentralized lending platforms and protocols, but with various changes to bring an even more innovative design and experience.

Rain.Credit Featurs:

  • Off-Chain Oracle Analytics
  • Digital Trust
  • Non Custodial Lending
  • Credit Score
  • Trust Network
  • Binance smart chain / ethereum compatible

How Rain drops works

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RAIN = Amount to borrow + Transaction History / Amount to secure

Oracles provide a solution to the transparency issue many defi projects face. By taking off chain information and supplying the data in an immutable way, the Rain.Credit Oracle enables smart contracts to pull data from from blocks that contain the needed information. The information transmitted by the Rain.Credit oracle will include things that can’t be tracked or monitored by the blockchain. This includes user payment history across multiple chains, real world economic events, changing government policies and user account history.

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Borrow More Assets With Less Collateral

Rain Loans is a non-custodial digital asset lending and borrowing platform. It is based on the compound protocol with altered asset pools and the use of Rain+ to increase access to extra funds on top of the current collateralized debt positions (CDP) offered by Compound Finance, AAVE & CREAM.

Rain+ is an additional amount of tokens which we offer to borrowers through our platform without supplying any extra collateral, based on their transaction history and rating from Rain Off-Chain oracle analytics.

Tokenomics

$RAIN has a simple distribution model. It’s total supply consists of 800,000 $RAIN.

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The token distribution is as follows:

  • 40%: will be sold via presale
  • 20%: will be used for project development
  • 20%: will be used to provide Liquidity and yield farming
  • 10%: tokens will be allocated to the team (For 2 years, these tokens will be locked to instill confidence in the community)
  • 10%: will be used for marketing

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Rain.Credit Roadmap

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Q2–2021 (Testnet Season)

Our focus for the second quarter of 2021 is to get the platform in full gear with the Oracle and Lending platform working effectively on the testnet within a short period of time. We also aim to further build on the Oracle platform by building the “Trust Network”, which motivates data providers.

  • $RAIN token Presale (read more)
  • Exchange Listings
  • Testnet Off-Chain Aggregation Oracle Analytics
  • Testnet Lending Platform.
  • Testnet Trust Network
  • Deflationary Staking and Farming Launch

Q3–2021 (Mainnet Season)

Our focus for the early third quarter of 2021 is to get the platform in full gear with the Oracle and Lending platform migrated from Testnet to Mainnet within a short period of time. We also aim to further build on the Oracle platform by launching the “Trust Network”, which incentives data providers.

  • Contract Audits Lending and Oracle
  • Mainnet Off-Chain Oracle Analytics
  • Mainnet Lending Platform
  • Aggregated Data Providers
  • Trust Network
  • RAIN Oracle Hackathon

Q4–2021 (Middleware Season)

This quarter will be heavily focused on middle-ware integration and an exciting period for our community with the RAIN drops Governance DAO launch.

  • Oracle Network Release 2.0 (Beyond Aggregation Analytics)
  • Off-Chain Oracle Marketplace Release supporting multiple chain
  • RAIN GraphQL Abstraction Layer Launch
  • RAIN Governance DAO
  • Off-Chain Asset Management and Monitoring Platform Release
  • Off-Chain Asset Management and Monitoring Platform Release (One-Click Integration with non-blockchain based platform)
  • Comprehensive API and Documentation Release

Q1–2022 (Cross-Chain Season)

First Quarter will see a focus on Cross-Chain integration beyond the Ethereum network with a view to make our services available across multiple blockchain networks.

  • Cross-Chain Collateral Lending
  • Cross-Chain Oracle Launch
  • Smart Contract Analytics Platform
  • Cross Chain Trust Score (Beyond Ethereum Network)
  • Asset Group Trust Score
  • Continuous development and improvement of the Trust Network
  • Academic research and publication of Trust Score impact in the DeFi sector

Rain.Credit Team

Rainbuilder / Lead Developer
Hail / Developer
Drizzle / Community Manager
Monsoon / UI/UX Designer

Conclusion

Rain.Credit is taking the opportunity to create a more trustworthy ecosystem while also providing an incentive to participate in borrowing and lending to increase a user’s Credit score. Off-Chain analysis utilization to build trust in lending and borrowing in the defi space is something that has not been explored before loans are processed. With the ability to use real life information and events as a factor in decision making, users can worry less about credibility, trustworthiness, higher collateral factor and focus on using their assets to help grow their portfolios while participating in an innovative and trailblazing platform.

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For more information Connect to the Rain Project. Credits:

AUTHOR: tedotwijaya22
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1928531
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Kamis, 01 April 2021

KNIT Finance: Exploit the full potential of DeFi by bridging and synthesizing cross-chain

 



INTRODUCTION: 

Cryptocurrency trading has become an essential part of the great road of e-finance. This is where you can exchange fiat currency or currencies like US dollars or euros. These deals with buyers and sellers. There are basically two types of transactions; Combine transaction and transaction. Cross-transactions are listed, for example, affiliate affiliates

They often continue to work on the topic of communication for newbies who tend to cash in on their view of the easy-to-use and interactive interfaces in their operations. The task of the consolidation transaction is performed and categorized. Not at the smallest level, such as access to deals, decentralized accessories.

These are some of the most important ones on the market, as they are better protected. Authorized transactions still don't require any character representations, similarly, security issues like decentralized overhaul emerge. Do not hold money to customers and instead, specially connected clients, show that you do not need to emphasize the security of crypto transactions. For any client package, let's discuss using decentralized transactions in transactions, which reduces liquidity.

KNIT.Finance is the next generation of DeFi protocol that aims to connect multiple non-Ethereum chains to ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT. unlock billions of dollars and commercial access can be proof of censorship.

Anything that is decentralized should be available to anyone and everyone. But DeFi today mainly depends on ERC-20 tokens. The ERC-20 standard has proven to be suitable for decentralized lending, borrowing and productivity farming, etc. However, this excludes the participation of other assets of independent blockchains. These assets and their tools of support pose a major barrier to joining DeFi. KNIT.finance solved this problem in one failure.

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Why choose KNIT.Finance?

Knit.Finance creates incredible opportunities for both altcoin and Ethereum DeFi. The protocol that integrates new assets into the Ethereum network is highly liquid and allows them to be plugged into existing profit-generating opportunities.

The Protocol That You Deserve


Are you a holder of a non-ERC-20 token? How many times have you felt the need to convert your holdings to an ERC-20 token to participate in DeFi? Being crypto enthusiasts and traders ourselves, it is one of the major roadblocks that we faced. We believe in hodling multiple crypto from multiple chains and not just one. We also believe in DeFi. But the two ideals seemed like they were never meant for each other. So, we came up with a unique decentralized protocol that helps us and the crypto community to enter DeFi without having to forsake our holdings — a multi-chain bridge to DeFi.

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1. Each coin

For every coin seller, we offer an option to transact and leverage their money in the DeFi space. Coins (Example: LTC) that were previously outside of DeFi's scope will now have full access to all DeFi features.

2. Flexibility of the ERC-20 standard

The ERC-20 standard is known to be flexible, possessing the highest transferability and accessibility to the world's second largest blockchain network. Every coin now has an opportunity to take advantage of Ethereum's flexibility.

3. Global liquidity group

A global liquidity pool is being opened for Ethereum and vice versa.

4. World Property Reading

Stocks, gold, and fiat can be aggregated for trading on Decentralized Exchanges, essentially a decentralized asset decentralization, giving traders more power.

5. Community oriented

100% of the management of these tokens will be through the community.

6. DAPPs

DAPPs are now able to access tokens on other blockchains just by using their Ethereum nodes through the KNIT's aggregate token. They can also receive payment using these tokens.

Conclude :


The project thrives in 2021. This will be the great success of today's crypto market. With a team of experienced and potential investors, I am confident that KNIT Finance will reach further in the world. Please quickly accompany me to accompany this project.

Learn More:

AUTHOR: tedotwijaya22
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1928531

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Knit Finance Ecosystem To Defi Using Cross-chain synthetics and bridges

 


Introduction
As we all know that the emergence of blockchain technology has changed the world faster and stronger, in fact almost every industry in the world applies the most advanced technology, namely by using Blockchain Technology. The emergence of blockchain has connected the financial industry in a more seamless and modern way, on the one hand Cryptocurrency has grown significantly in recent years. These developments make cryptocurrency better and can be applied to more complex financial cases. especially with the Knit Finance project, a transparent, unique, safe platform-based project and of course this project will change the world of Cryptoqurrency to be beautiful and will bring huge profits to its users and investors.

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and in this article I will bring to you a quality project quality and promising in the future. I have tested and found that this product is completely safe and legal. And nowhere else is KNIT FINANCE, a project that unleashes DeFi’s full potential by bridging and synthesizing cross-chain.

About KNIT Finance
KnitFinance is a unique decentralized protocol that combines synthetics across multiple chains, Bridges, and real-world markets with yield, lend, trade and margin services through smart contracts. This also gives cross-chain liquidity aggregation in a Completely transparent 100% verifiable. Community-led initiative.

KNIT. Finance is the next generation of Defi protocol that aims to bridge multiple non-Ethereum chains with ERC20 in Phase 1. Any digital, lockable asset can be leveraged with KNIT. Finance by generating equivalent synthetic tokens in a 1:1 ratio, hence unlocking billions of dollars and trade access which can be censor proof.

Anything decentralized should be available to anyone and everyone. But DeFi today is predominantly dependent on ERC-20 tokens. ERC-20 standard has proven to be the go-to for decentralized lending, borrowing, and yield farming, etc. However, this leaves out the participation of other assets of independent blockchains. These assets and their hodlers have a huge barrier to entry into DeFi. KNIT.finance solves this problem in one fell swoop.

KNIT.Finance unlocks the entire crypto ecosystem to DeFi using cross-chain synthetics and bridges. Existing DeFi protocols determine which tokens and projects get to participate. KNIT Finance’s decentralized protocol leverages smart contracts to combine DeFi pools with billions of assets from non-ERC-20 chains. By creating a standard for non-ERC-20 coins to convert to synthetic ERC-20 tokens, KNIT Finance opens up an entire world of new possibilities.

Any coin or token on any blockchain could be converted to an equivalent synthetic token of the ERC-20 format. The original token and the synthesized token will represent each other in a 1:1 ratio. On the contrary, with KNIT, ERC-20 tokens could also be synthesized on other blockchains in a 1:1 ratio. In addition to cryptocurrencies, real-world assets such as fiat, gold, and stocks can be synthesized using KNIT Finance.

Why Choose KNIT.Finance?
Lend, Trade, and Yield Farm with Any Asset

Knit.Finance creates incredible opportunities for both altcoins and Ethereum DeFi. The protocol onboards new assets to the highly liquid Ethereum network and allows them to be plugged into existing yield generating opportunities.

Ethereum DeFi grows and altcoins generate new utilities.
Cross-Chain Bridges for Maximum Interoperability
Knit.Finance has created proprietary bridges to port altcoins on to the Ethereum network. These wrapped tokens are unique form of synthetic asset that is backed 1:1 by the represented altcoin

https://miro.medium.com/max/339/0*9wCHGwA16NLke8XV

Tap into the Physical World with Digital Assets
Knit.Finance provides synthetic assets for exposure to physical world assets, providing a novel opportunity for portfolio diversification within Ethereum DeFi. Knit supports commodities, equities, and fiat.

Token Economics and Features KNIT Finance

  1. Every Coin
    For every coin hodler, we provide an option to trade and leverage their coins in the DeFi space. Coins (E.g.: LTC) that were previously out of DeFi’s scope will now have complete access to all of DeFi’s features.
  2. Flexibility of ERC-20 standard
    ERC-20 standard is known to be flexible, possessing the highest transferability and accessibility with the world’s second-largest blockchain network. Every coin now has the opportunity to leverage Ethereum’s flexibility.
  3. Global Liquidity Pool
    A global liquidity pool is being opened to Ethereum and vice versa.
  4. Read-World Assets
    Stocks, Gold, and Fiat can be synthesized to trade on Decentralized Exchanges, essentially decentralizing centralized assets, giving more power to the trader.
  5. Community-Driven
    100% governance of these tokens will be through the community.
  6. DAPPs
    DAPPs can now access tokens on other blockchains using only their Ethereum nodes via KNIT’s synthetic tokens. They can also receive payments in these tokens.

https://miro.medium.com/max/700/0*HflDjCae5-dZ8iTU

Conclusion
So I have introduced the most general way about this project, all necessary information is complete in the article. Knowing that KNIT FINANCE is a great thing, the project has many interesting points and I think their products will definitely be well-received by users. In addition, the partnerships with KNIT FINANCE are also very good, KNIT FINANCE is running many programs to promote themselves and nothing promoting better than themselves must be an excellent and potential project and I found that KNIT FINANCE. Hopefully in the coming time KNIT FINANCE will publish more information related to the token, I firmly believe that many people are looking forward to this.

For more information knit finance,Follow:

AUTHOR: tedotwijaya22
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1928531

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Magic Balancer - Rebalance Protocol in ETH & BSC Chain. Governance Token

 

                                  http://magicbalancer.org/

Introduction

Greetings again friends with me Tuyanto I want to give a little idea about the arrival of a very extraordinary project that has given us all an opportunity. And we all around the world know how difficult it is to solve economic problems during the Covid pandemic to date. And in the midst of the Covid-19 pandemic, not all business sectors have been affected, but some are increasingly showing an increase in income. One of them is the DeFi project. This project was developed in 2019.

After the birth of cryptocurrency, DeFi tokens (decentralized financial tokens) have disrupted the financial sector throughout 2020. While many projects are still in their early stages of development, DeFi tokens have surfaced and caused craze in the crypto market which of course reminds us of the euphoria of Bitcoin. , Ethereum, and others in the past 2017. Decentralized Finance or DeFi is a system that aims to provide financial services that are open, unlicensed, transparent and available to everyone without a centralized authority.

This can be done by DeFi because the smart contract technology behind it can allow developers to build functionality that is much more sophisticated than just sending or receiving digital currency. DeFi can be a global alternative to any financial service in use today. For example, savings, loans, trade, insurance and others can be accessed by anyone in the world using only a smartphone and an internet connection, so let's dig deeper about the ins and outs of the world of DeFi through the most powerful companies below:

About the Magic Balancer Project?

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Magic Balancer

Magic Balancer is a deflationary governance DEFI token which provides exceptional rewards to active users via Smart Contract protocols, while seamlessly incorporating transactional rewards with liquidity rebalancing features. MGB token is designed to be sustainable and maximize its value by being truly deflationary and encouraging users to be active by offering exceptional rewards. Every reward MGB token distributes is never detrimental to the overall supply, this means that the growth of MGB token will never be hindered in any way. Every Magic Balancer protocol is built to be 100% trustless and require no human interaction to keep them running. This ensures that all of Magic Balancer’s protocols can run forever and never be shut down by the result of human intervention.

At its core, MGB charges a 1% transaction fee and re-distributes that fee to existing MGB holders instantly and automatically at the time of each transaction.

Unique features of the MGB smart contract allow certain addresses like the Uniswap pool or exchange wallets to be blocked from earning fees. Bicause of this, 100% of the fees generated go to holders of the token.The percentage of fees you erarn is calculated by the percentage of MGB that you own among holders. This generates a much higher yield than would otherwise be possible.

There is no team or central party that has to award the fees. There is no interface to claim the fees. No action needs to be taken on your part other than to hold MGB in a wallet you control.

The $MGB Token

MGB’s KEY mechanic ensures that it’s uniswap price is constantly increasing in value (Assuming Market pressures are neutral). This is done by temporarily removing a portion of liquidity from the MGB /ETH pair, market buying MGB with the ETH, then burning the entirety of the remaining MGB. Essentially rebalancing the Uniswap MGB /ETH pair and raising the value of MGB in relation to ETH.

This token is designed specifically to be integrated into Necromancer’s ecosystem.

The MGB token is extremely simple and only has two functions.

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Token info

  • Ticker: MGB
  • Platform: Binance Chain, Ethereum
  • Token Type: Utility
  • Available for sale: 150,000 MGB (50%)
  • Total supply: 300,000 MGB

Financial

  • ICO Price: 1 MGB = 0.001 ETH
  • Accepting: ETH, BNB
  • Hard cap: 30 ETH

Why Binance Smart Chain?

Whith Ethereum gas prices astronomical at times we wanted to deliver a way to help combat them with the ability to trade on the BSC blockchain. The transaction fees are very low when compared to the same transaction cost on ethereum, BSC transactions can be as low as 5 cents.

We wanted to provide all MGB holders the opportunity to build a 2and ecosystem that can be used regardless of the congestion and costs that are sometimes suffered when using ethereum's blockchain.

Is There any Code Difference Between the ETH-BSC chains?

No, there is no fundamental difference between the two chains but there are minor value changer ( e.g. caller funchion reward %1 for BSC)

What Is the BSC ecosystem diferent then the ETH ecosystem?

Since each blockchain has it's own ecosystem, both chains have their own live, this means that price on BSC may not always equal the same on ETH blockchain.

Will there be a BSC to ETH bridge?

Yes, we are planning launching our own MGB token bridge that will allow you to trade your BEP20 MGB for ERC20 MGB and vice versa. However until this is completed you will not be able to trade across the chains.

How do I interact with BSC contracts on Magic Balancer?

Simply change the network on your Metamask or using BSC wallet to connect our site. For BSC we are currently developed the same as magic balancer for ethereum network.

Did Magic Balancer Team develop it's own BSC swap?

Yes, the BSC swap we are using was custom built by the development team,it is best situated to handle our custom token metrics and give the best scurity. There is built in LP locking on inside the swap as wellso you canbe assured that all LP is locked for 90 days at a time. Current swaps are very limited in their abilities when it comes to handling trading wit tokens that have custom metricsh so we needed to develop our own swap to custom fit our mechanics. We also enhanced the buyback strukture with our own swap as we coded in the ability for the buyback to be able to remove just the MGB amount from LP, saving many steps in the process of performing a buyback.

Important Notes:

  • 0 Swap fees.
  • %2 required slippage amount.
  • Built in 90 days LP locking, read function "get user lock" then input MGB's contract address and click query for LP unlock time.
  • Flashloan and Flashswap protected, designed for user interaction only.
  • No liquidity providing necessary for functionality.

Governance

Proposal on Snapshot

MGB token originates from the community and is a flexible communty-driven project. MGB is the governance token of the community, and future community governance can only be achieved through MGB voting.

A recommended process for initiating a proposal:

  1. Put a draft of the proposal in our Telegram group chats.
  2. Do an off-chain survay after through discussion.
  3. Publish the proposal on the gevernance forum and improve its content.
  4. Create a governance contract and campaign for votes in the MGB community.

Liquidity Treasury

MGB Liquidity collected via pre-sale and if hardcap reached( 150ETH) the amount about 105 ETH ( %70).

70% of every amount colleted in pre-sale is automatically sent to the contract address.

The using the developer createUniswapPair function and listed MGB token on uniswap with collected liquidity. The vested LP tokens will replenish the LP token jnside the MGB contract to insure that the rebalance function will continue to work for a period of time.

Magic Balancer Roadmap

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The Launch

Starts on March. 2rd at 19:00 UTC. No whitelist needed.

Held directly on magicbalancer.org, to participate simply connect your Metamask, enter the amount of ETH you wish to send and click buy. MGB tokens will be instantly returned via our presale contract. Metamask is preferred, do not use exchange accounts.

No min, 3 ETH-30BNB Max buy.

10% referral reward distributed instantly via presale contract. Click REFERRAL button on Presale section and copy your referral link(required to connect with wallet)

Tokenomics for ETH Chain

  • 300,000 MGB — Total Supply https://etherscan.io/token/0xf4f3d6a60765bf705b27716f50fccba5f0ea0ca1
  • 150,000 MGB — Presale
  • 85,000 MGB — Initial Liquidity
  • 35,000 MGB — Marketing, Promotions and Community Engagement.
  • 30,000 MGB — Team Tokens
  • Presale — 1 ETH = 999 MGB ($1,5 *)
  • Presale Max Buy = 3 ETH ($4,500*)
  • Initial Listing — 1 ETH = 799 MGB ($1.88*) ~ %25 higher than presale
  • Presale Hardcap = 30 ETH ($45,000*)
  • 70% ETH (21 ETH — $31,500*) provided towards liquidity.
  • 20% ETH (6 ETH — $9,000*) provides future development, partnerships, marketing, community building, cex listing and expanding team.
  • 10% ETH (3 ETH — $4,500*) presale referral rewards.

based on ETH price of $1500.00

Tokenomics for BSC

  • 300,000 MGB — Total Supply https://bscscan.com/token/0xf78839b9e972cf15014843a7ca5ebf1e321a284c
  • 150,000 MGB — Presale
  • 85,000 MGB — Initial Liquidity
  • 35,000 MGB — Marketing, Promotions and Community Engagement.
  • 30,000 MGB — Team Tokens
  • Presale — 1 BNB = 99 MGB ($2,5 *)
  • Presale Max Buy = 30 BNB ($7,500*) ~ No min amount
  • Initial Listing — 1 BNB = 79 MGB ($3,16*) ~ %25 higher than presale
  • Presale Hardcap = 300 BNB ($75,000*)
  • 70% BNB (210BNB — $52,500*) provided towards liquidity.
  • 20% BNB (60 BNB — $15,000*) provides future development, partnerships, marketing, community building, cex listing and expanding team.
  • 10% BNB (30 BNB — $7,500*) presale referral rewards.

based on BNB price of $250.00

Magic Balancer Community

AUTHOR: tedotwijaya22
BITCOINTALK PROFILE LINK: https://bitcointalk.org/index.php?action=profile;u=1928531

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