Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Other Popular Cryptos / Coins => Polkadot Forum => Topic started by: Coin63@ on December 26, 2020, 03:18:31 AM
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Many people commenting polkadot (DOT) a decentralized finance (DeFI) project but I am not sure about polkadot DOT DeFI nor CeFi? Please information here as your own experiences.
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Many people commenting polkadot (DOT) a decentralized finance (DeFI) project but I am not sure about polkadot DOT DeFI nor CeFi? Please information here as your own experiences.
I already searched polkadot in the defi list but I can't find it in the defi list. So I think polkadot not a defi project. But I am not 100% sure.
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(https://i.imgur.com/evMitwg.png)
DeFi built on Ethereum and Bitcoin will be able to communicate within the Polkadot ecosystem using bridges. For example, Chainsafe and Snowfork are working on low-trust Ethereum bridges, while Interlay is building a low-trust Bitcoin bridge. Teams building on Polkadot can leverage XCMP and bridges to create novel, interoperable DeFi products.
Source link: https://www.parity.io/defi-on-polkadot-an-ecosystem-overview/ (https://www.parity.io/defi-on-polkadot-an-ecosystem-overview/)
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My friend also said that polkadot are not DeFi, I think polkadot are part of the DeFi ecosystem.
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In the digital ecosystem polkadot is not recognized as a DeFi project. Many are recognized as blockchain projects. However, I do not know the exact information. Because there is a lot of discussion about this. I have not seen anywhere in the project websites that decentralized projects are included. Projects have often been considered to be centralized.
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Polkado Everyone thought this coin belonged to the DeFi project. Again the idea of many polkadot tokens is a combination of these two with Ethereum and DeFi. I don't really know which one it came from. I would be very happy if someone could give me the right idea.
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Many people commenting polkadot (DOT) a decentralized finance (DeFI) project but I am not sure about polkadot DOT DeFI nor CeFi? Please information here as your own experiences.
Its not belong to defi ecosystem since Polkadot only offers financial services to most defi proejcts like data prices and different data that can be manage by the Polkadot platform but in the project itself it cannot belong to defi its services will use by defi for clarifications.
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The first thing I saw was that DeFi provides financial support like the project. That's why everyone had the idea of a token of the polkadot DeFi project. But I believe this is not a token of the DeFi project.