DeFi is a super route with endless potential for the next three to five years because DeFi is a complete replacement of the middleman through smart contracts. All assets are on the chain rather than being managed, and assets are safe and secure. By providing liquidity and adding funds to a distributed liquidity pool for transaction fees, quantitative gains and multiplier gains from coin appreciation growth.
SYFA belongs to DeFi’s oracle, which writes outside information into the blockchain to complete the data interoperability between the blockchain and the real world. Simply put, oracle is a middleman that can provide all kinds of data to blockchain companies or Internet companies. The data can come from the Internet or the real world. Through various mechanisms to secure the data, oracle can help the smart contracts on the chain to connect the data outside the blockchain network, including various online and offline data like random numbers of spinach, lending prices, financial derivatives prices, stable currency exchange rates, insurance, aviation data, etc.
Why blockchain needs oracle, applications on the blockchain network are called DApps. DeFi is the financial DApp. All DApps are implemented based on smart contracts. One problem with smart contracts is that they cannot actively request data from the outside world, that is, they cannot actively obtain information from outside the chain and can only passively receive information data from outside the chain. Each smart contract is a program that waits for others to meet its trigger conditions before it will start. Therefore, the general business scenario requires the use of some off-chain data to start the program, it needs oracle to complete. At the same time, applications on the blockchain must read in a consistent off-chain data through oracle for consensus requirements. For example, if DEX needs to retrieve the price of a token across the network to price a transaction pair, it can use oracle to get this off-chain data. Simply put, the blockchain cannot actively obtain off-chain and real-world data. However, sometimes the blockchain needs to use this data again. Because the data provided by individuals or centralized institutions may not be secure again, oracle is needed to provide reliable data. The more the blockchain develops, the stronger the demand for off-chain data will be. As an important infrastructure for the blockchain, oracle’s importance will also become more and more prominent.
(SYFA) Token issuance totaled 50 billion. The technical team locked fifty percent of the total token supply on Justswap and has destroyed the account private key. The remaining twenty percent was transferred to VitalikButerin’s wallet address. The technical team members account for five percent of this amount. The fund, capital, and coin management account for eight percent, and the top line is highly output by block, with pre-sale token accounting for seventeen percent.The number of coin addresses held by each community node shall not exceed (300) USDT worth of SYFA’s token to ensure distributed holdings, distributed liquidity, no centralization, no referral prizes, no bankers. SYFA will soon launch coinstaking mining (YFA). The total quantity is 10,000 and will never be increased. The 10,000 pieces (YFA) will be mined out in three years according to the daily computing power. (SYFA) will launch decentralized wallet and SYFAswap in the future. Blockchain decentralized social culture prompts blockchain crypto asset enthusiasts to preach together, to build distributed communities, to promote distributed community autonomy, and to jointly maintain a healthy virtuous cycle of SYFA!