Recently, I've been studying the hot DeFi-type projects on BRC20, and although none of them have been implemented yet, they all do present concepts and are in order. Today I'll draw a few projects that have been doing something. I think if we want more people to participate in BRC20, we must have some practical applications, and having DeFi is actually a good entry point.
There is no DeFi on BRC20 because there is no smart contract. I think this is something that people who are involved in technology should think about, the story is not important, the expected ending that the story can achieve is the most important thing, as to whether it can be achieved in the end? We believe it can. And before that happens, you should get your principal back. Next up are a few of the more popular BRC20 and DeFi projects currently available.
First is by far the earliest and most active project in the community, oshi is ready to make liquidity pools. The so-called liquidity pool is that users are able to add tokens through the liquidity pool, and then earn a certain transaction fee when other users exchange them. uniswap is the liquidity pool, which you must know.
The second one is orpo, which is also a liquidity pool type of project. Compared to oshi, there is not only liquidity pool creation, adding and removing liquidity, but also adding pledge anticipation.
The third one is bYLD proposed by @0x_web3, which tries to implement on BRC20 (3,3). Some new leeks may not know what (3,3) is. The so-called (3,3) is a project similar to the past ohm and frog legion time.
They only need $1 of stable coin in the treasury as reserve for each token issued, and as long as everyone pledges tokens, the market demand is greater than the supply, and the price will keep increasing. When people pledge tokens into the treasury, the pledged amount over $1 will continue to issue tokens in return to everyone who pledged, thus getting a super high annual return through pledging.
bYLD attempts to implement (3,3) on BRC20 is definitely a pretty interesting and groundbreaking project The above are three of the more popular DeFi projects on BRC20 at the moment, and all of them are actively moving forward with the development and implementation of their projects to achieve their stated goals, and all seem relatively solid.