DEFI (Decentralized Finance) is undoubtedly the hottest area of blockchain this year and even in the coming years. With the wave of mortgage mining, DEFI has been on our radar lately with unparalleled frequency, but the connotation of DEFI decentralized finance is much more than just mortgage mining. The need for more dimensions of DEFI emerged when the concept of decentralization began to gain popularity and cross-border transfers, payments, value markers, financial transaction markets, etc. began to DEFI.
Galaxy is a financial technology company headquartered in Singapore, an international financial center. Galaxy aims to use technology to restructure a new, more efficient international financial system. Recognizing that DEFI was poised to become a global financial phenomenon against the backdrop of increasing digital asset penetration, the Galaxy team was the first to introduce the concept of an encrypted digital financial platform, which rocked the global financial landscape right out of the gate.
Everything's DEFI, Galaxy makes the world new!
The existing world financial system was established at the Bretton Woods Conference after World War II as a global financial flow order with the dollar and gold as the hub. This system has two pivots, a sovereign currency (the US dollar) and a centralized distribution channel (the transnational bank settlement system), which gives rise to global financial links such as stock markets, bond markets, trusts, funds, banks, and so on.
The advent of DEFI has created a fatal flaw in the seemingly logical and self-contained existing financial system, and it has been discovered to one's surprise that a computer program, coupled with a cryptographic mechanism, can more efficiently, cheaply, and perfectly replace all functions of almost all financial institutions currently in existence.
1） Stock market securities exchange spiked by decentralized exchanges: the meaning of the existence of trading depository institutions is to match transactions, the centralized exchange regular recess rules, is basically to restrict the circulation of trading targets. A decentralized exchange, on the other hand, can be supported by smart contracts and asymmetric cryptographic signatures, enabling global 24*365 endless trade facilitation and a true exchange.
2）Chain transfers are the perfect replacement for bank transfers: the Internet has become highly popular, but the circulation of funds between different sovereigns requires overcoming time differences, complex approvals, the need to convert to US dollars, etc., and a cross-border transfer can take 5 to 7 working days. On-chain transfers eliminate all of this, and with a decentralized wallet, the global movement of money will have no borders.
Discovering that almost all the world's financial products could be DEFI-ized, and that DEFI-ization would make financial services products even better, Galaxy found its historic mission to build a DEFI financial system to serve the world's digital assets.
II. Galaxy builds a global DEFI master platform for financial innovation
As the saying goes, it is better to give a man a fish than to teach him how to fish. The Galaxy team is a team with a high sense of historical mission, and they chose the most difficult part of the project - building an encrypted digital financial ecosystem. The significance of this is no less than the development of a new Bretton Woods system, and in the future, financial players around the world will be able to build their own DEFI applications based on Galaxy.
Galaxy uses a fully anonymous, zero-knowledge signature algorithm: digital assets know no borders, and at the heart of them all is the discarding of the original identity of all participants.
Galaxy introduces ANTIBLOCK lightning-class payment technology: by choosing lightning-class payment technology for the payment process, Galaxy overcomes the high latency of on-chain transfer transactions and compresses payment latency to the level of existing commercial payments, which ensures the usability of Galaxy.
Galaxy adopts the PoA + PoS consensus dual consensus mechanism: consensus is the soul, the rule of the rules. Galaxy uses PoA + PoS dual consensus mechanism as a complementary, while ensuring sufficient decentralization of the data throughput capacity to reach the commercial level, which is the guarantee that DEFI can be fully adopted.
Galaxy builds on a solid technology foundation to create an easy-to-use, flexible and programmable DEFI mother platform, which is the foundation of Galaxy's encrypted digital financial ecosystem platform.
III. DEFI for All begins with GY Pass.
With the launch of Galaxy's fully encrypted digital financial ecological platform, a grand curtain has been drawn up on the era of universal DEFI, in which Galaxy GY Pass plays an important role as the "ticket to a new world".
How to DEFI the assets under the chain: through a smart contract, the ownership of the assets under the chain is locked in exchange for a Galaxy GY Pass, which is the ticket and becomes the starting point for universal access to the Galaxy DEFI world.
How to achieve the exchange of value: Galaxy DEFI New World, GY Pass is the standard of value, the hands of digital assets want to realize, can be pledged to become GY Pass, the new fund raising is also a GY Pass, investment income is also settled by GY Pass.
GY Pass will be the common currency within the Galaxy eco-system. Under the wave of universal DEFI, the mission of GY Pass is significant as it is responsible for taking over the old and new financial orders while maintaining the value balance within the Galaxy eco-system.
In the new financial order of DEFI, Galaxy is the eye of the storm of the revolution, starting with and governed by its encrypted digital financial ecosystem.