Introduce :

Each of us, when we want to invest or spend a large amount of money on something, we have a high demand for its final results and quality. And to have a great result, the management must be extremely tight and always under our control. If you are someone who works in the electronic market or your work is related to the electronic market, I am sure that you know the transparency and clarity of Blockchain. The ZenChain protocol is developing ZenChain, a blockchain specifically dedicated to decentralized finance (DEFI) applications and non-fungible tokens (NFTs), so it also has a full range of features. Blockchain advantages, especially management and honesty. Besides, it is based on blockchain technology and users can tokenize their tokens using blockchain technology and also trade their tokens securely and transparently in the background. this platform. it also relies on blockchain to provide its services to all over the world. Among the most important energy sources of the foundation are the binance, palkadot, tron, and cosmos intelligent chains. In addition, the project currently has 17 partners in beta and I think the number of these partners will increase significantly. It started the beta phase of the project platform in April 2021 and I think it will complete the testing stages successfully soon.

Four Features of DeFi on ZenChain Protocol

First, non-custodial financial services allow participants
control their entire funds at any time.

Second, DeFi's permissionless nature allows anyone to interact with financial services without being censored or blocked by third parties.

Third, DeFi is publicly verifiable, which means anyone can
can check the status of protocols - for example, they are completely
mortgaged / healthy.

Fourth, financial services can be arbitrarily created so that new financial products and services can be created similar to how one can form new Lego models based on a few basic building blocks.

Cryptocurrencies and Decentralized Finance (DeFi) provide a way to get started with a new system, overcoming the difficulties encountered in changing the financial industry. While cryptocurrencies have attracted billions of dollars in investments, decentralized financial services are lagging. When it comes to investing in cryptocurrencies, crypto investors can buy and sell, but that's all. Cryptocurrencies themselves cannot be invested in the same way as fiat money. Early efforts to create peer-to-peer lending and asset tokenization have so far proven partial and unreliable, so investors have a lot of limited options when it comes to investing in assets. their crypto assets. The potential is huge to provide financial services in cryptocurrencies, the same way they are offered in fiat.

Zenchain has all the features of a global cryptocurrency feature :

The ZenChain project is growing rapidly on the ZenChain platform, which is a blockchain designed specifically for Defi and NFT applications. Since then, ZenChain delivers the highest transaction throughput ever, reduces the risk of errors, and designs special intelligence to perform financial services for non-fungible and exchangeable tokens. position on Blockchain. ZenChain approaches decentralized finance as a specific and important segment of the blockchain community. ZenChan contains all core DeFi applications built into the core of the chain, not written by smart contracts like swaps, loans, and insurance dapps. ZenChain also contains all supported applications for NFT such as minting, auctions and trading. And especially, with ZenChain, your NFT can use it as collateral in Defi to make a loan or bet on a pool to earn more tokens.

Management methods

Validators are fully trusted to manage the bridge. Validator powers and votes are replicated on Ethereum, Polkadot, Tron, Binance smart chains, so trust in bridge assets depends entirely on trust in region chain validators latch. This has known problems when assets in demand exceed the market capitalization of the native token.
We accept these known issues in exchange for the dramatic design simplification combined with the acceptable hierarchy this design provides. ZenBridge Ethereum, Polkadot, Tron, Binance smart chain contracts only support transfers of ERC20, TRC20, BEP20 and not arbitrary data. This helps keep the contract simple enough to optimize much and get to production quality quickly.

The peg zone validator must maintain a trusted Ethereum, Polkadot, Tron, Binance smart chain node. This removes all of the belief and game theory implications that would normally arise from independent forwarders, again simplifying the design considerably.

At a high level, the transfer process for transferring incoming tokens is as follows:

1. User sends tokens (ERC-20, TRX20, BEP20, DOT) to Hop
   The Zen Bridge coin was deployed on each chain, generating a LogLock event.
2. The ZenBridge relayer listening for this event creates and signs a Tendermint transaction that encrypts this information, which is then transmitted to the Zen Chain.
3. The nodes of the Zen Chain verify the validity of the transaction.
4. New tokens representing ERC-20, TRX20, BEP20, DOT are minted in the banking module of ZenChain
   The ERC-20 can then be used on Zen Chain's EVM as well as in Zen Chain's Cosmos-SDK-based application logic.

How does ZenChain lend and borrow

Lending and borrowing of on-chain assets is facilitated through Loanable Funds (PLF) protocols, which refer to DeFi lending protocols that establish a distributed ledger-based marketplace. for loanable funds of crypto assets. In the context of PLF, the market refers to the total amount offered and the total borrowed of a token, where available deposits (i.e. no borrowing) make up the liquidity of the market. school. Unlike peer-to-peer lending, where funds are lent directly between individual dealers, in a PLF, deposits for a given token market are pooled together in a contract. clever. An agent can directly borrow against the smart contract reserve, assuming the market for the token is liquid enough.
The cost of borrowing in a PLF is calculated at the interest rate charged to the borrower, which is determined by the market prime rate model. These interest rate models tend to reflect the view that as liquidity becomes scarcer, higher interest rates will incentivize existing borrowers to repay while also incentivizing those with excess deposits to provide these. In exchange for making a deposit, the depositor will receive a derivative token that reflects his share of the total amount offered in the market. Since the interest paid by the borrower is usually retained by the smart contract, the relative share of the total amount in the market of the derivative token holder will increase over time. Thus, the interest accrued in the market is paid to depositors in the market as a compensation for the provision of liquidity, while a portion of the reserve is retained from the interest paid by the protocol to protection from periods of illiquidity and market stress.

For active lending and lending, Zenchain uses:

1. Interest index
2. Interest logic
3. Interest rates

Zen is a crypto-asset that aims to stabilize prices against a target currency, typically USD, and seeks to achieve this through additional economic mechanisms.

• Collateral : This is the primary store of value for a stable coin. Collateral can be zETH, zBTC or ZEN tokens.
• Dealers : Agents form at least two roles in a non-custodial stablecoin: absorbing risk, e.g. by providing collateral for the purpose of absorbing price risk and stable coin users.
• Governance : A mechanism and set of parameters that govern the entire protocol (implemented by actors or by algorithms).
• Issuance : A mechanism to control the issuance of stablecoins based on or using collateral (performed by dealers or algorithmically).
• Oracles : A mechanism for importing data outside of the blockchain into the blockchain, such as a price feed.

Conclude :

ZenChain aims to create a virtual cycle business environment
benefits point providers as well as point consumers and the affiliates in which the ZenChain platform participates by providing points providers and customers with a blockchain-based platform and consumers enough purchasing power will be associated with related businesses. Decentralized finance or DeFi is a new financial system that works unconditionally and does not rely on centralized money-related representations such as banks, lending institutions, or guarantees. Collectively, customers can move, trade, contribute and share using cryptographically mechanized cash and assets through robotic mechanisms that remove preconditions for this sleepy and excessive mediator. The optimal combination of innovative technologies in the new generation project, I think the project is waiting for success.

Readers interested in this project can learn more about the project through:
Website: http://www.zenchain.co/
Litepaper: https://docs.zenchain.co/
Telegram group: https://t.me/zenchaingroup
Telegram channel: https://t.me/Zenchainofficial
Twitter: https://twitter.com/zenchainco
Facebook: https://www.facebook.com/Zenchainoffi...
Medium: https://medium.com/zenchain-protocol
Github: https://github.com/zenchainprotocol

Author

Bitcointalk username: acsalles
Bitcointalk profile URL: https://bitcointalk.org/index.php?action=profile;u=177144
Proof of Authentication link: https://bitcointalk.org/index.php?topic=5336756.msg57008569#msg57008569
BEP-20 wallet: 0x9b056EFF34cF850BC7B20a54f52Bdc09C4Fe5A7E