The market for DeFi is evolving and we can see that there are different kinds of trends coming up. Ethereum has seen an increase in transaction fees due to DeFi products like Uniswap or yearn.finance.

Especially the transaction fees and speed of the blockchain have been one of the main barriers for investors to jump on this trend, as the APY has been meltdown due to ATH transaction fees.

Project W believes that the much lower transaction fee environment and faster speed on the Tron Blockchain will give B2C businesses the chance to establish their DeFi projects.

How it started

After seeing the start and rising of DeFi on Ethereum, it was easy to sense that the trend and meaning of financing in cryptocurrency are going to change once again. Leveraging stable coins for yield farming or staking tokens to invest in vaults is now possible due to smart contracts and algorithms.

But unless the speed and transaction fees on the Ethereum blockchain are going to change, DeFi on Ethereum was and is either for whales or could be interesting on a later stage for institutional investing on a larger scale.

As an easy example, if somebody is freshly starting to yield farm UNI tokens from Uniswap, it will take nowadays about 4 different transactions which can easily sum up to over 100 USD only for transaction fees. This kind of environment does have it good sides, as it is stopping light wallets entering the market and also slowing down the movement of stakes.

The team recognized the opportunity the Tron Blockchain is delivering with lower fees and faster transactions. It was much easier for general investors to enter the DeFi market and try it out, as the transaction fees and speed would allow reacting without much risk. On the other side, most of the DeFi projects had only elements of yield farming governance tokens that produced specific pump and dump scenarios.

To countermeasure, this kind of DeFi environment in a positive way and give the community financing products and a governance token with stable interests Project W started to implement and develop the best of cross-blockchain technology into its service.

Roadmap

The team is currently in the middle of finalizing and testing the swap mechanism for our first Cross Blockchain Token. Frontend and backend implementation is ongoing and we have set the launching date for Project W for October 2020.

Channels

• Main Steemit Blog: https://steemit.com/@projectw
• Medium Blog: https://medium.com/@projectw
• Twitter: https://twitter.com/Projectw_io