Hello, this is kimm. DeFi projects based on the EOS mainnet can be classified into Defibox, DeFis Network, Organix, and EFi .
In the case of EFi, which we want to cover in today's post, we are a team developing an eHUB cross-chain trading protocol that can trade native assets from other public chains, including the Ilde Farming DMD.Finance project and the EOS version of the Dolphin Swap balancer protocol .
Even at the time of the appearance of Diamond Finance (dmd.finance), despite little known information, more than 3 million EOS was at stake, followed by Dolphin Swap, and eHUB, which continued into the series, was raising a large amount of USDT funds. This also worked, but after that, the news was silent, and the road map was released a while ago.
It would be nice if we had spurred development a little faster by revitalizing the atmosphere, but the prices of DMD, DOP, DEOS, HUB, etc., which are currently EFi tokens, all of which are currently EFi tokens, have fallen dramatically.
Yesterday, a glimpse of the eHUB following Binance Bridge Binance, called EFi Bridge, was revealed, but outside liquidity even though pNetwork, which is already bringing tokens from other public chains to EOS, is fully supported by Bitfinex and Defibox I'm not sure how popular it is in the situation in where it indicates a difficult situation with inflows.
Usefulness of Dolphin token exchange DOP also haeteoteuna neomgeo top 1 DOP = 15 EOS now 1 DOP = 0.06EOS level in a situation where the price hits the bottom, as are all Ile Farmington tokens to reduce the inflation rate (balhaengryang tokens) Voting is in progress , with the lowest number of options, 30,000 DOP per week, receiving the most votes.
In addition, there was a vote to raise the weight of the DMD and DEOS, which arguably have multiple interests, and it appears that they are returning to the 50:50 liquidity pool rather than the 80:20 liquidity pool.
Personally, so as not to give up hope on EOS, I took this project seriously and invested quite a bit of EOS to experience it myself, but I think this is a series of disappointments in many ways. Apart from continuing development delays, changes to the liquidity pool ratio have no choice but to turn unrealized losses into realized losses, making it difficult to judge that sustainability is currently dire.
As of now, the EOS DeFi ecosystem appears to be in a situation where the Binance Smart Chain can never catch up with Ethereum.