eval defi

• The fact that all protocols are open-source allows anyone to build new financial products on top of them. Developers across the globe can collaborate with each other to create new products leading to faster innovation and a secure network.

• Anyone can store, trade, and invest their assets in blockchain securely and earn a much higher return than from the traditional financial system. Since there no intermediaries handling your asset, you have complete control over your investments.

• One area in cryptocurrencies attracting huge attention is DeFi or decentralised finance. This refers to financial services using smart contracts, which are automated enforceable agreements that don’t need intermediaries like a bank or lawyer and use online blockchain technology instead.

Market Overview

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market overview - Eval DeFi
Market - Eval DeFi

Due to the novelty of the technology, the size of DeFi markets is miniscule compared to the size of the traditional fnancial markets.

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Market - Eval DeFi

Nevertheless, the size of the DeFi market has experienced explosive growth recently, with the total value locked in DeFi rising from US$247 million on 6 February 2020 to US$907 million as of 4 February 2020.

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Market - Eval DeFi

The majority of DeFi dApps (decentralised applications) are built on the Tron blockchain, with a variety of use cases ranging from lending, derivatives, payments to tokenisation of assets. Inrespect of major lending platforms, the aggregated interest per year amounts to US$14.2 million with a total debt outstanding of US$177.4 million.

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Market - Eval DeFi

Apart from Tron, the total value of digital assets locked up within the EOSIO and Bitcoin (as of 5 June 2019) are approximately US$600 million and US$8 million respectively.

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dapps (decentralized applications)

Dapps - DeFi

DeFi depends heavily on Dapps. Dapps are programs designed to function within decentralized networks. These networks can be blockchains, Tor networks, or Distributed Ledgers Technologies (DLT). The key component of these protocols is their decentralized nature. There is no central authority, corporations, or agency that monitors and approves the business functions of these applications.

In fact, Dapps require very little human intervention. Instead, these platforms integrate advanced smart contracts to streamline their business systems. Smart contracts are preprogrammed protocols that initiate upon receiving crypto to their address. Importantly smart contracts can handle a huge variety of tasks from customer approval to making payments.

defi opportunity

Decentralized finance protocols have unlocked a world of new economic activity and opportunity for users across the globe. The comprehensive list of use cases below is proof that DeFi is much more than an emerging ecosystem of projects. Rather, it’s a wholesale and integrated effort to build a parallel financial system on Tron that rivals centralized services because it is profoundly more accessible, resilient, and transparent.

Asset Management:

Crypto wallets used to store/transfer funds and access decentralized applications (dApps)

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Decentralized Exchanges:

DEXs aggregate liquidity pools to enable P2P trading of cryptocurrencies and derivatives without centralized intermediaries

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Lending / Borrowing:

Platforms that enable anyone with an Tron address to lend and borrow P2P

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Marketplaces:

P2P marketplaces for digital assets such as TRX collectibles

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Stablecoins:

Cryptocurrencies designed to minimize volatility by pegging price to external assets such as USD or gold

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Insurance Platforms:

Protocols designed to hedge risk of smart contract code and price volatility

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Prediction Markets:

Platforms for forecasting and betting on the outcomes of future events

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KYC & Identity:

Blockchain solutions for managing identity data and exchange

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