IOST: coming soon the first dApp DeFi

The IOST team, behind the blockchain of the same name, announced the arrival of the first Bitcoin Profit in decentralized finance (DeFi) created through a partnership with Aegis.

While it is true that most people know the IOST blockchain and its protocol PoB (Proof of Believability), few know Aegis.

What is Aegis and why it is DeFi 2.0.

It is a DeFi 2.0 protocol, related to lending, which uses artificial intelligence to determine the user’s score, whether or not he can receive credit and what is the maximum amount he can withdraw from the pool. Moreover, Aegis also allows to manage tokenized assets and derivatives such as CDS.

It should be noted that the platform is not yet active but it will start operating during the fall and then expand next year, so you will also have time to perform all the necessary tests.

IOST and DeFi
Recall that a few weeks ago IOST had opened a $ 1 million fund to encourage developers to create or migrate DeFi projects on their blockchain.

In fact, if it is true that most of DeFi we find it on Ethereum, it is also true that this is weighing down the network.

At the top of the dApps that weigh more on Ethereum we find Uniswap, now become a reference point as a decentralized exchange, also because anyone can list their token ERC20, as in the case of PornVisory.

The expansion of decentralized finance

Surely the decentralized finance will expand in more sectors and with more strategies such as yield farming, so providing liquidity to a pool you get tokens for free.

This is a system that we find for example on Yearn Finance, while Aegis promises to do so using AI, something that had not yet been seen in any protocol on Ethereum.

The market in the last months is really euphoric for DeFi, but the same can be said for criminals who have started to create new scams and scams against users, creating fake tokens in Uniswap or creating malicious codes in smart contracts like Chick Finance.