Poolz DeFi: A Review on Decentralized Layer-3 Swapping Protocol

in #poolz • 4 years ago

Poolz DeFi is a layer-3 swapping protocol it is based on DeFi infrastructure. Maybe you heard about UniSwap. If you are familiar with UniSwap, you must be familiar with DeFi. DeFi stands for Decentralized Finance.

Poolz DeFi

The Poolz Ecosystem

The Poolz EcosystemWhat is DeFi?

DeFi is a peer to peer finance system running on BlockChain Technology. Mostly it runs on Ethereum Blockchain. The DeFi market is increasing day by day. At the time of writing, a total of $11.27B is locked in the DeFi market which is increasing rapidly. More projects are coming every day which is creating the DeFi trend.

https://defipulse.com/

Total Value Locked in DeFi Chart

Chart Source: https://defipulse.com/

What is Poolz DeFi?

Poolz DeFi is based on the DeFi protocol and its Decentralized Layer-3 swapping protocol. Its vision is to find a Decentralized way to connect the early-stage blockchain-cryptocurrency innovators and investors. It will allow project owners to manage liquidity which will be visible for investors. Poolz is built as Dao Protocol on Ethereum Blockchain. It adopted the theory of Decentralisation. Transparency ensures the safety of both parties. Which will be adopted by Poolz DeFi.
Poolz

Poolz

PoolzSupported Blockchains:

Poolz DeFi is Built on Ethereum Blockchain. In due time, Poolz will have Multi-Chain support and cross-chain integration as reported by Poolz DeFi blog.

Supported Wallets by Poolz DeFi:

Currently, Poolz DeFi supports Metamask Wallet as it is based on Ethereum Blockchain. Metamask helps you to connect your wallet without compromising your Private Key which provides safety for your assets.
Metamask Wallet LogoAs per their Litepaper, they will support other blockchains too. For supporting these blockchains they will offer WalletConnect, Coinbase Wallet, Fortmatic, Portis.
Image for post

Metamask Wallet Logo

Supported Tokens:

At present, Poolz supports only ERC-20(MVP Phase) tokens. In future, they will add support for ERC-721 as well as Multi-Chain token standard.
Overview On POZ Token:
POZ is the native token on the Poolz DeFi platform. It's an ERC-20 token. It is the acronym of PoolzDeFi Token.
Important to know:

Token Name: PoolzDefi Token
Ticker: POZ
Type: ERC20
Initial Supply: 750,000
Total Supply: 5,000,000
Source: https://docs.poolzdefi.com/getting-started/the-poz-token

POZ Token

POZ Token Distribution Model

POZ Token Usage

POZ will be the native token of the platform. So it will be used for Staking & Rewards, Governance, and Token Burn.

  • Staking & Rewards: POZ Token holder can stake their POZ token to earn staking rewards. Also, liquidity providers will get their reward in native POZ token.
  • Governance: Like other DeFi platforms, Poolz DeFi also offers voting rights for the POZ token holder. POZ token holder can get voting right by staking a certain amount of POZ tokens.
  • Token Burn: Poolz DeFi will buy back POZ tokens and burn them. The burning of the tokens will ensure higher ROI for the investors.

Advantages for Liquidity Providers

Poolz ensured to reward the Liquidity Providers. Thus, they will be benefited. POZ token holders will get special access to the pool. They will have the access to every pool on the protocol for an initial duration after the launch. Moreover, there will be special discounts for POZ token holder. Do you guess? I think, not. They will also offer a better swap ratio for the token holders.

Key Feature of Poolz DeFi:

  • Poolz DeFi is fully Decentralized, non-custodial, trustless layer-3 Swapping Protocol.
  • Users of Poolz DeFi will be able to change the parameters by their voting power. That will be implemented by its governance model.
  • Poolz DeFi is an open-source project. So, everyone has secure access to its code.
  • Poolz DeFi is a Decentralized project. One and only community has the power to control it. The developers can't misuse the project.
  • It offers optimised and enhanced contract architecture.
  • The innovators will have a lesser gas fee for registering their pools compared to other market standards.

Know more about this amazing project

WEBSITE: https://poolzdefi.com/
TWITTER: https://twitter.com/Poolz__
MEDIUM: https://medium.com/@Poolz
TELEGRAM: https://t.me/PoolzOfficialCommunity
DISCORD: https://discord.gg/RgPjgUY

About Author
Forum Username: Sparrow96
Telegram Username: @weana
Donate(Eth) : 0x1d7c4451d52049bb953900596Ee549a99D0Dd72D

#defi #crypto #cryptocurrency #decentralization #ethereum #blockchain
4 years ago in #poolz by
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