Decentralized Finance or DeFi is a financial service that is carried out on a blockchain , including borrow & lending, insurance, money market, decentralized exchange and so on.
In July 2020, DeFi (Decentralize Finance) became the talk of the town for several reasons. At the end of July 2020, the Total Value Lock in DeFi reached 3.6 Billion USD or more than 50 Trillion rupiah.
One of the concepts you need to know about DeFi, that DeFi is built on a public blockchain protocol such as Etna network or Ethereum which is non-profit, open source (the code is transparent and can be copied), the code can be modified by programmer into a new application. Unlike the Uber or Gojek application which can only have 1 version of the proepitary application, the blockchain application can have many versions of applications built by open source programmers (not employees or certain Dapps development teams),
WHAT IS ETNA?
The Crypto space has seen an exponential growth since the early days of Satoshi Nakamoto. Developers and blockchain experts have been continuously developing more efficient blockchain solutions in conjunction with new use-cases. With this push of innovation, we’ve now seen the birth of what is come to known as Decentralized Finance (DeFi), a decentralized financial approach without a singularinstitution, eliminating centralized point-of-failures withinthe ecosystem.DeFi is a great example of new innovation and has had massive growth over the past year. Seeing a growth of over 9700% in Total Locked values in just a span of 12 months. Etna is positioning itself further to develop user-centric solutions to cater to the needs in this space.
WHY ETNA
The Crypto space has seen an exponential growth since the
early days of Satoshi Nakamoto. Developers and blockchain
xperts have been continuously developing more efficient
blockchain solutions in conjunction with new use-cases. With this push of innovation, we’ve now seen the birth of what is come to known as Decentralized Finance (DeFi), a
decentralized financial approach without a singular
institution, eliminating centralized point-of-failures within
the ecosystem.
DeFi is a great example of new innovation and has had
massive growth over the past year. Seeing a growth of over 9700% in Total Locked values in just a span of 12 months.
Etna is positioning itself further to develop user-centric
solutions to cater to the needs in this space.
THE HOW TO ETNA NETWORK SERIES
In our commitment to ensure that users interact with the features on ETNA Network, we will be publishing “How to ETNA Network series”.
This series will highlight links to demo videos that addresses frequently asked or frequently encountered issues.
The following are the FAQs covered in this series:
1. How to troubleshoot your Metamask connection to DeBank
Occasionally, users run into issue while trying to connect to DeBank from their Metamask wallet chrome extension. The video shows some few steps you can take to clear the error.
2. How to reduce gas fee GWEI when Staking, Withdrawing, and Borrowing
This video demonstrates how a user can reduce the gas fee when depositing (staking), withdrawing (unstaking) and borrowing on DeBank, ETNA’s lending and borrowing platform.
3. How to transfer ETNA’s NFTs from one wallet to another
This video demonstrates how one can transfer an NFT from one wallet to another via the transfer feature within ETNA’s NFT Marketplace athttps://nft.etna.network/
4. How to connect to DeBank from a mobile wallet like Trust wallet via wallet connect
The video shows how you connect to ETNA’s lending/borrowing platform via wallet connect. In this demo, trust wallet was used but any mobile wallet that is compatible with wallet connect will work similarly. The demo also shows how to confirm a deposit. In the demo, the deposit of an NFT was shown but the same hold for other supported assets.
INTRODUCING ETNA NETWORK NFT GAME ASSISTS
As many already know, ETNA Networks’ NFTs are gaming assets that would be deployed in the upcoming game. Currently, there are over 30 NFTs trading on the ETNA Network marketplace, these NFTs comprises of game characters, weapons, secret passages, creatures and many more. With each one having it’s uniqueness and specific attributes, they all play a vital role in the upcoming game. Ten of these NFTs are specifically game characters that players can choose as their player character, each of these characters have unique fighting moves and skills which will be disclosed in more details as development progresses.
ETNA ROADMAP
PROJECT TEAM
ABOUT PROJECT MANAGER
Murat Sir is managing this project in a very nice way. We all know that if there is an honest and hardworking manager in cryptocurrency, one of them is Murat Sir. Investors invest the most in his bounty projects. Since he is handling this project we are hopeful this project will be a successful one. Because this project manager is a lot of honest hardworking talent so we can easily trust him.
SUMMARY
Finally I would like to say so much about this project that this project is currently one of the best and most successful projects. But there is already a lot of discussion in cryptocurrency about this project. The future of this project is very bright. Hopefully those who have invested in this project will get a lot of good profits in the future.
The official resources of the project ETNA NETWORK:
Website: https://www.etna.network/
Whitepaper: https://www.etna.network/assets/ETNA.pdf
Twitter: https://twitter.com/EtnaNetwork
Telegram group: https://t.me/EtnaNetwork
Telegram channel: https://t.me/EtnaChannel
Discord: https://discord.com/invite/dbuEXdm
Youtube: https://www.youtube.com/channel/UCgkP_qjdYSZ8iesrz5kK0Y
AUTHOR
Forum Username: fu2013
Forum Profile Link: https://bitcointalk.org/index.php?action=profile;u=2597568
BSC Wallet Address: 0xc6ce46B5682996d10FF149bc377fB5D7A14b11De
Congratulations @fu2013! You have completed the following achievement on the Hive blockchain and have been rewarded with new badge(s) :
Your next target is to reach 20 posts.
You can view your badges on your board and compare yourself to others in the Ranking
If you no longer want to receive notifications, reply to this comment with the word
STOP
Check out the last post from @hivebuzz: