Deot Network: New addition to the compelling Polkadot ecology

Polkadot is a next-generation blockchain protocol that connects multiple dedicated blockchains to a unified network. As part of a broader vision to “return control of Internet monopolies to individuals,” Polkadot builds on the revolutionary promises of previous blockchain networks while offering several fundamental advantages. Examples include extensibility, custom attributes, cross-chain collaboration, autonomy, and being more easily upgraded Web3.0 is an inclusive set of protocols that provide building materials for application producers. These building materials will come in the form of traditional web technologies, such as HTTP, AJAX, and MySQL, but represent an entirely new way to create applications.

As Gavin Wood says, boca Ecology also needs new members to serve Boca better, especially in Defi Unlike Wall Street, DeFi’s vision is to build a bottom-up, fully decen-tralized, non-vetted, low-cost, fully automated, counterparty risk-free alternative financial system. Like Ethereum and Bitcoin, DeFi is open and decentralized. Because anyone can contribute code and use these open source protocols, regardless of their social status or country of origin. This is a marked departure from the conventional banking system, where these two factors often determine and may limit a person’s access to services. DeFi democratizes financial services, particularly those personalized derivatives that are normally only executed by large institutions. In DeFi, the face value of these derivatives is much smaller than in traditional financial markets.

Paul Spearie is the founder of Deot Network. The first core protocol of DOET Network is Honzon stabilization Coin protocol, which supports different block chain Network assets such as BTC, ETH and DOT as collateral to generate stabilization coin DUST by means of excessive mortgage.

Paul Spearie thinks PMF (Product Market Fit) is one of the main reasons for doing DOET. At the end of 18, Paul Spearie predicted that the mortgage rate of DOT would definitely be very high in the future. At present, Kusama and Polkadot networks have raised the mortgage rate ceiling to 75% through governance. Although some features, such as parallel chain, are not yet available, we are seeing enthusiasm from users pledging DOT. And this enthusiasm is exactly one of the Product Market Fit that DOET captures. In the future, DEOT expects that a large number of DOT will participate in Polkadot’s Staking mining through our Homa liquidity release agreement. Homa provides the user with a negotiable chain credential, LDOT, and access to the Honzon protocol. It also provides the user with a mortgage loan service. Help users not only enjoy Staking income, but also get a certain amount of working capital. In addition, as the underlying financial infrastructure of Polkadot ecology, DOET is also the top priority of the whole ecology. In the future, it may be possible to use DUST to pay the transfer fees in the Polkadot ecology to bring a better experience for users. We believe that more and more superlayer DeFi applications based on DUST in the DOET network will be able to break through the DeFi business ceiling.

Paul Spearie

Paul Spearie is an artificial intelligence scientist and big data scientist. He is a postdoctoral fellow at the University of York, a member of the Internet Technology Committee of the Institute of Electrical and Electronic Engineers, and the founder of the European Society of Engineering and Technology FP7.

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