Since the turn of the year 2020, the issuance of sovereign digital currency has created a vast and rapid development of the decentralized finance (DeFi) technology all over the world, with countries like China owning Digital Currency Electronic Payment (DCEP) and The Bahamas with Sand Dollar, which are both serving as a means of digital exchange for transportation, education and other goods and services. This issuance is expected to evolve traditional finance(tradfi) in a decentralized model using blockchain technology and decentralized finance (DeFi) will increase the immeasurable value that sovereign digital currency has created.
Several exchanges tried tapping into this goldmine created but could only do so with so much limitations using the DeFi 1.0 version. The kepler team saw this and jumped on it by by building and implementing a large-scale DeFi application platform to support economic activities using blockchain technology and therefore the creation of the KeplerSwap.
WHY DEFI 2.0?
Defi being a platform where financial products are available to everyone on an open public decentralized blockchain network, which avoids the additional fees being charged by middlemen. In other words, the transactions are done between participants, by using a set of smart contracts and no third party gets paid to facilitate the transactions.
The question asked should be : Why not DeFi 2.0? With a need for new innovation to cryptocurrency, distribution and community management in which areas DeFi 1.0 has flopped, the Kepler Technical Team’s vision is to overcome these shortcomings by establishing a sustainable cross-chain decentralised financial system under DeFi 2.0. This system will connect all users with the ability to provide liquidity to the community, because it uses liquidity rewards as an access point and binds the rewards with future user’s transaction.The birth of the Keplerswap cannot be at a better time than now, for its several unique advantages.
As projected in the immediate future, digital currency will be the highest liquidity medium of exchange and Defi will be the most effective framework for digital finance, not forgetting that the KeplersSwap will be at the heart of it all and serve as the most efficient platform for DeFi.