DeFi 2.0 Module
The Elrond Standard Digital Token (ESDT) is a general token standard for developers and projects that want to issue their own tokens on the Elrond blockchain.
They are as secure, fast, and scalable as the EGLD token itself and benefit from the low transaction costs of the Elrond blockchain.
Stablecoins are tokens whose value is linked to a fiat currency such as USD or other assets. This reduces the volatility risk of digital currencies.
Stablecoins are the first step in placing blockchain innovations in the traditional financial system.
The Elrond ecosystem includes many stablecoins such as Binance USD, European currency stablecoins or algorithmic stablecoins from partners.
Elrond NFT Standard
Non-fungible tokens (NFT) are digital representations of property, art or other formats of value. With Elrond’s native NFT standard, these properties can be used on an Internet scale.
Currently, NFTs are experiencing tremendous growth primarily in the art scene. In the future, this technology will also penetrate areas such as finance and entertainment.
The swap module offers new possibilities for traders and is the technical basis for apps, for example, to send payments in bitcoin and receive them in US$ or to pay for Elrond transaction with an ESDT token.
Market participants are able to provide liquidity in swap pools to generate returns.
Borrowing and lending are cornerstones of an efficient financial system.
The Elrond Lending module provides easy and instant access to capital – secured by token holdings or other mechanisms.
Participants are able to quickly and inexpensively access funds or provide capital and earn a return on it.
The Elrond blockchain is connected to other blockchains via bridges. These connections make it possible for tokens to be transferred between blockchains and for smart contracts from different blockchains to interact.
In practice, this would allow tokens such as Bitcoin to be transferred on the Elrond mainnet. This allows any project to leverage Elrond’s high throughput, low transaction costs, and compelling user experience to send liquidity through the Elrond network on a global scale.
Synthetic assets are tokenized financial instruments that simulate the return of another asset.
Tokenization takes hold wherever the digital representation of value, fractional ownership, and the resulting benefits apply.
Everything from tokenized Tesla shares to commodities will be available in the Elrond DeFi 2.0 module.
Maiar: DeFi for the people
With the Maiar Wallet, the Maiar Exchange and the Maiar Launchpad, Elrond is developing an optimally coordinated network of DeFi platforms.
Maiar is a mobile wallet and global payments app. It aims to reshape the way people interact with money, assets, property titles, or other values.
Maiar enables transactions through the smartphone address book and is the more secure and cost-effective alternative to apps like Paypal, Google Pay or Revolut.
Traditional bank transactions become obsolete with Maiar. Elrond’s goal is to convert 1 billion people to Maiar customers, driving the breakthrough of the Elrond blockchain.
The Maiar Launchpad gives startups that rely on the Elrond blockchain the opportunity to present their idea within the Elrond ecosystem and receive funding.
In doing so, they benefit from the technical advantages of the Elrond mainnet, the vibrant DeFi ecosystem, and the passionate Elrond community.
The decentralized exchange ‘Maiar Exchange’ leverages the power of the Elrond architecture to offer millions of people global and cost-effective transactions between a growing number of (tokenized) assets.
Maiar Exchange is integrated with the Maiar app and can be used via any internet-enabled device.
Advantages of the Elrond blockchain
You would like to learn more about the possibilities of the Elrond DeFi 2.0 module?
We are looking forward to your inquiry!
Visit Elrond and Istari Vision customers and partners