DEFI 2.0 THROUGH THE EYES OF THE KEPLERSWAP

The crypto market is ever one that has something to always hype, from the days of bitcoin changing the way we do transactions, to ethereum’s smart contracts and DeFi, and not too long ago, the hype was all about the Non-Fungible tokens (NFTs), and now it is all about DeFi 2.0 . We can’t really talk about DeFi 2.0 without fully understanding the concept of Decentralized Finance or DeFi for short and its version 1.0, if I may?

DECENTRALIZED FINANCE

Decentralized Finance or DeFi is the buying and selling of financial products and services (like insurance, payments, mortgage, etc) without the involvement of the financial institutions. This is more or less everything you do in traditional finance without the banks or any other kind of middlemen. It is a variety of smart contract based transactions , where only the transactors(buyer and seller, no middleman) are involved. The ethereum blockchain are the pioneers of DeFi 1.0.

SHORTCOMINGS

In all of its innovative works, DeFi transactions are too expensive and so slow due to a lot of the DeFi platforms building on the ethereum blockchain, which causes delay in transaction time because of large traction of users. Therefore, user’s experience is affected and centralization is still a thing in DeFi today. All of these shortcomings and more raises the question of a better decentralized finance and the need to do better and be better with a new version of DeFi.

WHAT IS DEFI 2.0?

Like most crypto hypes before it, the question remains: Is DeFi 2.0 a solution that is sustainable or just another crypto flash?

From the KeplerSwap’s standpoint, the problem of centralization with so many existing Dapps is solved by the true decentralization nature of the project, users rule the ecosystem by using their seeds token (KeplerSwap’s governance token) to influence decisions, ranging from and not limited to personnel recruitment, space voting and so on.

The problem of scalability(high gas fees and long waiting time) is solved by charging next to nothing on transactions and returning 95% of these fees back to the users (who even cares if you are paying high, as long as you get your money back in your pocket).

WHAT MORE DOES THE KEPLERSWAP OFFER?

Asides solving the aforementioned problems created by DeFi 1.0 , the KeplerSwap brings an innovation of its own as the pioneers of the SPACE and LUCKY POOL concept in DeFi. This is definitely the way to go in decentralized finance and other projects can only take a cue from KeplerSwap and be a truly Decentralized Autonomous Organization where the users are the key ingredient of the ecosystem and all of these mouth-watering offers starts on the 27th of October 2021. Still asking the question of sustainability of DeFi 2.0? The keplerswap will show you the way.

content writer