GRANDLE; ALLEVIATING THE PROBLEMS FACED IN THE DEFI ECOSYSTEM
Humans are hardwired, they love it when a process is easy, plain, transparent, and not controlled by a centralized authoritative body. However, traditional banking was contrary to this innate predisposition and the system left no one with flexible options for decades. Blockchain ensures flexibility, easy accessibility, openness, potentiality, trust, and safety. Also, blockchain makes it hard to forge transactions, and being decentralized gives it a spark.
Blockchain, cryptocurrency, DeFi (decentralized finance), and the likes have been increasingly adopted by many people, countries, and industries. Its flexibility and great potential have yielded myriads of options and opportunities. And one of the new opportunities is Grandle.
Grandle is a blockchain technology built upon the Ethereum blockchain as a complementary and interoperable system that will bring good tidings and alleviate problems that we face in the DeFi ecosystem, and also meet the needs of increasing demands for better and faster use cases in the blockchain industry.
SOME OF THE GRANDLE USE-CASES INCLUDE;
Decentralized Finance (DeFi): This means that users will have profound accessibility, resiliency, and transparency to their finance; relying on no third party. It is mediated with smart contracts and transactions are made directly with participants.
Asset Management: Right here, you are the master of your ship, you own and control your data and assets. With wallets like Grandle, Metamask, and Gnosis safe, you can securely have passwords, private keys, and phrases that are in encrypted formats and unable to be hacked. You can hold your crypto funds in the wallet, transact quickly and earn interest in your digital assets.
KYT and Compliance: the next-generation KYT (Know-Your-Transaction) replaces the conventional banking KYC (Know-Your-Customer). The innovation protects against financial breaches and frauds, it also assesses risk in asset management.
Data and analytics: more beneficent tools and dashboards like DeFi Pulse and Codefi Data are added to help track financial data in real-time. This will help in the discovery of data to locate values embedded in financial opportunities, risk management, Defi protocol, and in analyzing to assimilate yield and liquidity.
Derivatives: Defi derivatives are analogous to real-like bonds, fiat currencies, and commodities. Smart contracts permit tokenized derivatives to be created and yield value from the performance of underlying assets.
DAOs: This stands for “Decentralized Autonomous Organizations'' which operates in accordance with transparent rules. Several protocols are launched on the Grandle DeFi space to have DAOs that can manage financial activities and decentralize governance to communities, and also conduct fundraising.
Developer and Infrastructure Tooling: Grandle DeFi space is designed and built with the core interoperating features where myriads of DeFi applications can be integrated and connected. It has been popularized with the name “money legos”, and the developers’ community has launched security integration and full-stacking tooling for the DeFi space.
Gaming: The DeFi applications have also unraveled potential opportunities for product developers, harnessing the possibility of developing and launching Defi protocols into the platforms.
Pool Together: This is one of the gaming platforms, it's a no-loss audited savings lottery where users purchase digital tickets by depositing the Grand, pool it together, and subsequently lend to the Grandle Money Market protocol to earn interest.
Peer-to-peer Lending And Borrowing: As more products are integrated into the Grandle DeFi space, exponential opportunities are created. The peer-to-peer lending and borrowing protocol is the predominately used application in the Grandle DeFi ecosystem, it uses some algorithmic approaches to match borrowers and lenders, then compute interest rates for the ratio of borrowed funds provided.
Marketplaces: Grandle DeFi space also hosts collections of online marketplaces that permit a free and peer-to-peer exchange of products, services, and freelancing gigs.
Tokenization: is the native functionality of decentralized finance and it has unlocked arrays of economic opportunities. The Grand token is the Grandle digital asset that is created, managed, and issued on the ethereum blockchain. The Grand Tokens are painstakingly and securely designed to allow instant transfers and also programmed with a wide range of solution functionalities.
Other Use Cases are:
- Prediction Markets
- Margin Trading
- Synthetic Assets
FEATURES OF GRANDLE:
NFTs: Non-fungible tokens are increasingly being popularized and widely embraced by crypto users. They are unique digital assets, and not easily interchangeable like some currencies. They can be videos, music, artistic drawings, and other digital files. Grandle has original contents for NFTs available to investors on the platform and contents are protected with proof of ownership against copyrights and other infringements.
Farming and Staking: The farm allows investors and users to stake their Grandle to earn more Grand and harvest. On the farm, Liquidity provider (LP) tokens are deposited and locked in the process to gain interest and earn reward from Grandle. Stakers will be presented with pools where Grand are staked and they will earn the reward token of the pool passively.
Pooling: The Grand pool permits the use of tokens and the liquidity provider (LP) tokens pair for farming a new token for free. In a plain equation, the number of tokens you have subscribed to the pool plus the total number of tokens subscribed to the pool is proportional to the number of the tokens you earn each season. You can acquire brand-new coins for free and tokens earned are distributed in real-time.
Cross-chain Swapping: Grandle is an independent but complementary system to the already existing Ethereum network. In this light, rapid and seamless trading can be enjoyed on the Ethereum network. To ensure the free-flowing transfer of assets from one blockchain to another, multiple-chain architecture is implemented for users. Grandle also uses the same functions as the Ethereum counterpart, where BEP-2 and BEP-8 tokens from Grandle can be interchanged for BEP-20.
Narrowing this down, we have continually seen from past and recent projections that blockchain technology is one of the driving emerging technologies accelerating to the tipping point where every layman, industry, and sector will come to adopt its significance.
Grandle is one of the platforms that will shed light on the problems currently faced in centralized sectors, and also meet the high demand from large market sizes. The Grandle DeFi space offers more than enough to the market, ranging from interoperability to seamless accessibility to better functionalities.
Written by Chris Barth