In recent times, Even Though the Decentralized Borrowing Finance technology changed global financial services, there are still a few hurdles that users encounter when they use the technology and more traditional users are still very susceptible when it comes to transaction fees and scalability problems.
Most major outdated blockchains such as Binance and Ethereum have seen growing transaction times over the last several year. Network congestion and fees paid affect how long a transaction will take to complete.
Mining almost always happens in the order in which the most expensive transactions are validated. If you’re not spending a lot of money, you will be put to the end of the line. The problem here is that you have all the advantages of a decentralised network, like not having to deal with third parties, but still being costly since only the rich can afford it.
Instead of being subjected to the delays and high fees of other platforms, wouldn’t it be more equitable to be able to use a lending DeFi platform with quicker transactions and cheaper costs that provides three times as much money to users? To be clear, the creative team did everything, including setting the wheels in action, to bring their vision to existence.
How is that possible?
Deswap is an algorithm-based lending ecosystem that was developed from the bottom to the top to power the Polygon Chain with decentralised finance-based lending and financing ecosystem. The Polygon Chain offers an easy-to-use, cheap, and safe environment for our users, and the result is that Deswap gets a big, diversified network of covered tokens and a lot of liquidity. It also comes with YAI – a synthetic stablecoin built on the Polygon Network.
Due to the sidechain additional layer that works in parallel with the Ethereum blockchain its performance is improved to the point where it can run up to 80,000 transactions/sec.
This is what we call a real innovation – benefiting both the users and the developers. DeFi services…