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DEUS Finance has been lately the talk of the crypto town considering the various announcements about partnerships with the big players in the market.
They are back with a bang with not one but TWO Big Announcements about their program.
We reviewed DEUS in a detailed form for our last blog! Just in case you missed it, here is a good summary for you below!
P.S Miss it today, Cry it out tomorrow! (quite literally :P)
DEUS Finance
DEUS Finance is bridging the gap between traditional financial markets and decentralized finance and is considered a next-generation derivatives sandbox. It provides an infrastructure for third parties for building financial instruments. It also enables the third parties to leverage synthetic stocks, CFDs, options, OTC derivatives, futures, and anything which can be verified digitally. The barrier to entry and implementing such financial instruments into the platform is extremely high within traditional finance and blockchain. DEUS lowers this barrier to entry for third parties, and it is high due to liquidity constraints, accounting, legal fees, and regulatory restrictions. Deus Finance released the Apollo VC update to take advantage of many current trading and investment trends. It includes synthetic assets, popular stocks, yield farming, and cross-chain bridging.
DEI, due to its fractional reserve properties, does not require over-collateralization. Fluctuations in value can be absorbed quickly, so many stables require more funds to be locked up. DEI has fractionally backed up DEUS tokens and is majorly backed by the collateral of trusted stable-coin. The behavior and characteristics of DEI are isolated per chain, and if USDC collapses in some cases, then the circulating DEI on other chains would also be unaffected. Users negatively affected would attempt to bridge to and from the compromised chain during the window of instability, and it happens in a rare event.
Cross-chain liquidity
The ultimate vision of DEI is to create cross-chain liquidity so that users can bridge DEI to any chain. It would also help them to redeem it with zero slippage. This thing can be achieved in two ways. Firstly, users can always redeem DEI for one dollar due to DEI’s free-flowing composition. It can be done by tapping into external protocols' current stable coin liquidity. Another way is that users are incentivized to add to liquidity. They provide their own through yield farms that reside on all their DEUS finance ecosystem chains.
Stable-farm
Stable-farm is a high reward farming yet low-risk pool designed to incentivize the users. It provides liquidity and suffers zero impermanent loss. LP tokens are created through 50% DEI, and 50% trusted stable depending on the chain.
DEUS Infrastructure
We all are aware that Amazon is a platform that provides a vast platform where anyone can open up their e-commerce store. In the same way, DEUS finance also provides an infrastructure for others to create financial instruments with unlimited potential. It enables third-party protocols to build on top of DEUS and create any financial service or product without permission. DEUS finance provides a clearinghouse infrastructure on the blockchain.
Stable-coins in the market and their associated risks
There are many stable coins in the market that include some related dangers. Some of them are:
- Stability
- Over-collateralization
- Lack of chain inter-operability
The advantage of DEI
- There is no need of over-collateralization
- Cross-chain is provided through a one unified bridge
- A stable 1:1 USD peg is seen here with low-risk
The vision of DEI is to be a stable coin of choice for the users all across the chains. Users have access to stable-coin, which is usable and redeemable across the chains. The mission of DEI is to bridge the liquidity all across the blockchains in a decentralized and scalable way. DEI enables the users to send stable-coin to any chains and claim it to the other side without slippage.
DEUS Token
DEUS is DEUS finance's protocol and governance token and sits at the core of the entire DEUS ecosystem. It is a token that is rewarded from staking in the farms. DEUS is a decentralized derivative that provides infrastructure and support for third-party protocols. It helps develop and build financial products, exchanges, and lending protocols. dSynths is a clear example of this kind of crypto-asset trading exchange. All the third-party applications built on DEUS are utilized as a collateral mechanism. DEUS is burned for every DEI minted, and it is a direct benefit for DEUS token holders and liquidity providers.
EXCLUSIVE ANNOUNCEMENTS FOR DEUS
DEUS Finance never stops working hard to ensure complete safety and appreciation of investors’ funds!
They are back with a huge announcement about the upcoming listing of DEUS Token on the Global CEX MEXC Exchange on 16th December! Time - TBA
MXC is a crypto exchange well-known for being the first centralized platform to support new and promising projects
It goes well unsaid that DEUS value holds well during bad market days too.
We can expect a lot of appreciation from all the investors in DEUS Tokens which are bound to be appreciated in near future!
MEXC has shared the DEUS announcement
https://support.mexc.com/hc/en-001/articles/4412068485657
https://twitter.com/MEXC_Global/status/1470969947899985925
https://twitter.com/MEXC_Updates/status/1470969654998814720
You can read about the official announcements at the Official Handles for DEUS Finance here -
https://medium.com/@deusfinance/e9671ce6a068
Find DEUS atdeus.finance
$DEUS — Invest in the protocol and governance token.
DEUS V2 Apollo is LIVE — NEW stablecoin, enabling cross-chain liquidity.
Earn $DEUS via new Yield Farms on Polygon and Ethereum:
Stablefarms — 50% APY | $DEUS/$DEI pools — 100% APY
Want to build on DEUS and become an Exchange Broker? Email us at [email protected]
Join the community on
Follow on
We have also prepared a video to explain it verbally and more visual way!
The link - https://youtu.be/swrivB75lPo
Not Least, DEUS Finance is hosting a Huge giveaway contest! All you need to do is Join their TG, Follow Twitter, and RT to quote with your Wallet address!
You can read more here -
Steps for $50 Giveaway Eligibility -
1. Join DEUS Finance Telegram Channel: https://t.me/deusfinance
2. Follow DEUS on Twitter: https://twitter.com/DeusDao
3. Retweet the listing link & tag @DeusDao
https://twitter.com/MEXC_Global/status/1470969947899985925
4. Join DEUS Finance Announcement Channel: https://t.me/deusfinance_news
DEUS Token will be listed on MEXC Global with free 1600 DEUS Token Airdrop.
