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Oasis Network partners with Balancer to guide DeFi to mainstream users

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The two parties hope to use privacy computing technology and scalability to guide DeFi to be used by mainstream users.

Rhythm BlockBeats news, on October 28, Oasis Network, a blockchain that takes into account both privacy protection and scalability, announced a partnership with Balancer to use privacy computing technology and scalability to guide DeFi to be used by mainstream users.

DeFi promises an open financial system that allows People can earn with their smartphones, internet connection and compliance with transparent rules. However, due to the current limitations of DeFi (especially in terms of scalability and privacy), although traders and mining farms will profit in DeFi by taking advantage of Ethereum's unprotected data and slow throughput, this model is unsustainable.

DeFi is facing its first critical turning point: While DeFi is There has been tremendous growth over the past year, but the DeFi ecosystem must overcome its performance challenges and capabilities in order to go mainstream.

Exploiting privacy and availability Scalability Overcomes DeFi’s Deficiencies

The Oasis network was originally designed to expand and deepen by breaking down the barriers currently plaguing the field DeFi opportunities for parties large and small. The Oasis Network provides core strengths that enable it to support the next generation of DeFi:

▪️ Privacy-preserving smart contracts that enable the creation of a new generation of decentralized applications that consider privacy as an incentive to build trust with users;

▪️ Private state and transaction details, prevent malicious players from gaming the system in order to achieve higher profits, while limiting the participation of smaller DeFi users;

▪️ Maintain the flexibility of data disclosure or confidentiality, enabling DeFi Dapps to comply with regulations while ensuring that commercial interests in the system are protected and financial institutions participate;

▪️ High throughput to reduce/eliminate transaction fees for participating in DeFi;

▪️ Multiple customizable runs , it allows DeFi developers to meet the needs of their application and implement a set of rewards that are most suitable for the application;

▪️ through encapsulation and Protect user information and allow the creation of specific scoring models to tokenize data, thereby bringing credibility and records (such as credit scoring) to DeFi;

▪️ Secure computing, which paves the way for the creation of data lending, where the underlying data (rather than just tokens) is the object of the lending transaction.

These are powerful prerequisites that will help redefine DeFi , but they are only the beginning. This broad ecosystem of good companies that have built invaluable and well-known tools

Partnered with Balancer to integrate AMMs Bringing Into the Oasis Network

As we seek to build a privacy-preserving DeFi ecosystem, Oasis is pleased to announce its partnership with Balancer forms a new partnership. Balancer is a leading non-custodial portfolio manager and liquidity provider with $300 million in liquidity; it encourages investors to add liquidity in order to earn traders paid when they trade tokens on the Balancer decentralized exchange cost of.

In addition to porting Balancer to the Oasis network, Oasis will also be releasing a bounty directly with Balancer to the community for building this powerful integration. The Balancer community will have the opportunity to give feedback and approve bounties and their scope through Balancer's community governance mechanisms. This collaboration is an excellent opportunity for Balancer to investigate the benefits of AMM privacy and private computing in practice.

If you think you have the ability to integrate Balancer into the Oasis network, Or introduce other DeFi tools, Click here to apply for funds.

Unlocking Private DeFi

Oasis The partnership with Balancer is just the beginning. In the coming weeks and months, Oasis will share news about more DeFi projects joining the broader ecosystem of the Oasis Network. Oasis Network hopes to reshape DeFi by building a new and more scalable platform, using private computing to solve challenging problems, such as malicious frontrunning transactions, and bringing DeFi from early adopters to the mainstream market.