Steem Crypto Challenge Month #2 : Diving into DeFi - The first DeFi project built on Steem?
When I looked at the topic of today's Steem Crypto Challenge Month, there are different projects such as JustSwap, Uniswap and Balancer came to my mind. But why can't it be the native DeFi project on Steem. I was wondering is there any DeFi project on Steem? And I just came across one, and it's probably the first ever DeFi project built on Steem!!
It's Nutboxs!
@nutboxs was built by the founder of @wherein, an app that can be used to post content on the Steem Blockchain via a nice, easy-to-use mobile app, you can read its original post here:
https://steemit.com/nutboxs/@wherein/wherein-ecosystem-nutboxs-testnet-online-first-steem-defi-ever
Nutboxs.com currently have three product line up: Steem-based delegation mining, STEEM and TSTEEM(Tron-based STEEM assets) exchange, SBD and TSBD (Tron-based STEEM assets) exchange. it's quite creative and can let us explore the potential of DeFi on our Steem Blockchain.
TSteem reminds me of WBTC, which is BTC issued on the Ethereum blockchain, and now we have TSteem on the Tron Blockchain! How nice, it can be combined with the Tron ecosystem which is already an established one.
When you use Nutboxs, first you will need two plug-in, which are TronLink and Steem Keychain, respectively.
The website is here and the project is still in its testnet phase:
Currently it is available in the Chinese Language, hope more languages will be available later, can't wait to see the potential of DeFi on Steem, and we do not even need to pay an expensive gas fee!
Interesting.
Steem as Blockchain has got all the attributes as a high-performance blockchain. A perfect case for DeFi as well, we just need related project to access the DeFi space.
I will be waiting for its English version, sounds interesting.
Thank you.
#onepercent #india #affable
Thank you. We need to get more DeFi projects running on STEEM, or maybe migrate some from Tron to help with the development of it.
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