👩🏻🌾 👨🌾 Dear Cat People,
I believe that many of you have witnessed the recent boom in the DeFi ecosystem — especially the innovations and opportunities brought by various platforms built on Ethereum Layer 1 and Binance Smart Chain. Some of you must also have been so into this game and made contributions to it. Data never lies. In April 2021, the total value locked in DeFi surpassed 100 Billion USD, with over 1 million users. But you know what? All this is still just the beginning of decentralized finance.
As we all know, lending and borrowing is simply the reallocation of market capital supply and demand. For a long time now, the largest lending giants — the banks have become bloated. In the context of global inflation, the current interest rate on deposits is merely a drop in the ocean. The intermediaries “devour” most of the profits to keep this cumbersome engine running. That is finally starting to change. For example, Compound (which many of you may have used), the first autonomous lending protocol on Ethereum, using merely a few smart contracts built on the decentralized blockchain infrastructure, which can operate autonomously without intermediaries. Asset suppliers can get a certain percentage of APY, while asset borrowers will only need to pay a small amount of interests. Capital always flows towards a high return with low risk. As you can see, DeFi is eating the world😄.
But even for innovations like Compound, there exist certain flaws. In an open and anonymous environment, DeFi projects like MakerDao, Compound or AAVE require you to over-pledge your assets, so the asset utilization rate is generally below 70%. Under such circumstances, assets are much safer, but a tradeoff also presents itself: large amounts of assets will be left unused.
👨🌾 As an experienced cat person, I can’t ignore the grumbling from you, my fellow cat lovers👩🔬. I’ve heard that many of you have been troubled by insufficient capital efficiency. So what if we can build a pool that is both safe and profitable? What if we can make every penny count and be safe? What should that look like?
Hey my dear cat people, here comes Amy Finance.
🚀 Assembly Pool: A Courageous Move in the Defi World
As a Defi player, it is clear to you that the profits DeFi generates mainly come from three parts: newly issued tokens (currency inflation), fees and interest. The exciting news is that Amy Finance assembles them together for the first time. Assembly Pool is a single-sided staking pool where assets can be used for lending and leverage trading or can be distributed to other pools to generate stable yields if the two purposes (lending and leverage trading, to be more specific) are fully fulfilled. This mechanism aims to give you higher returns in the Assembly Pool.
Higher capital utilization leads to more returns. More returns attract more funds, thus lowering the lending interest rate on Amy Finance. With this positive process, Amy Finance will grow fast and soon stand out.
🏝Assembly Swap: A DeFi Margin Trading Platform With CeFi Features.
We believe DeFi can be better and we are dedicated to contributing to this goal. On one hand, judging from its performance, the DeFi service provided by platforms built upon Ethereum has been quite amazing. On the other, it has generated considerable angst for many users: high transaction fees and low transaction efficiency. My fellows, you surely understand what I’m saying if your transaction has also failed sometimes as mine did especially in peak hours or in the event of extreme market conditions. We have to pay transaction fees up to hundreds of dollars in DeFi exchanges based on Ethereum because, rationally, we believe it is safe and reliable. But emotionally, we find it very uncomfortable.
However, the reality is, as we witness the rise of the Binance Smart Chain, some of us are more willing to get better user experience with a small trade-off in security and decentralization. Aside from the smart chain, do we still have better choices?
Layer 2 offers a great solution. Layer 2 uses a relatively centralized method to anchor the security and final settlement of funds on Ethereum through smart contracts to achieve higher scalability and better user experience. User experience is the core of all business models, and this is why Amy Finance chooses Arbitrum. After meeting the borrowing needs, the assets in the Assembly Pool can also be used for leverage trading. The Swap application for leverage trading is located on Layer 2. With liquidity from DoDo and WooTrade, Assembly Swap can rival first-rate centralized exchanges in performance, liquidity and many other aspects, while still retaining all the advantages of DeFi.
😽Why Amy Finance?
Layer 2’s superior performance and reliable security have inspired numerous groundbreaking ideas for user experience and product design. The core team members of Amy Finance come from Nervos, a public chain for layered design. We have conducted in-depth research on Ethereum’s Layer 2 program since 2019 Github: awesome layer2. Now we have reached the middle of 2021, a time when Ethereum’s Layer 2 is about to skyrocket. At this moment, we decided to launch Amy Finance, a platform that focuses on user experience and integrates a group of ecosystems to introduce model innovation into the crypto world.
🙀You may ask how Amy Finance as a newcomer competes with so many other established giants since a trading and lending platform needs to be highly operational. We feel “compete” is not the right word here. “Compete” refers to involvement in a relatively short-term competition with others in the same dimension, and that does not define Amy Finance which is far-sighted in the economic model and route planning. At the very beginning, we are partnering with a group of friends👫, including Arbitrum, DoDo and WooTrade, which brings all the best into one🏦.
Hey, my dear cat people.😻 😻 I’m telling you that the old world of traditional financial system is doomed. It is inevitable that it will collapse in years to come. The ponderous mainstream financial system that runs this world moves like a Mack truck, only slower and less gracefully. But the world does not stop just because that Mack truck is too slow. Something faster will replace it and put the world back to its fast track. Join me in Amy Finance. Let’s see in what a fast, simple and efficient way it can lead us to a new world！
In the Future, our roadmap will also expand:
🐱 Develop NFT system to empower the ecosystem
🐱 Enter more second-tier networks, cross-chain networks, and connect more “worlds”
😽 Develop ecosystem and make Amy the underlying protocol of the Internet of Value
🤩 Optimize parameters and use economic incentives to motivate users
JOIN US! 💬
🔔Official Website: https://amy.finance
🚀Keybase Official Group: https://keybase.io/team/amyfinance
💬Telegram Announcement Channel: https://t.me/amyfinance