In the field of digital currency, the wave after wave, changes in playing methods, from last year's IEO to this year's defi, all caused a wave of violent waves. Defi refers to the application of various financial fields based on blockchain technology and cryptography technology in the open decentralized network. This year, the outbreak of defi mode has exploded the whole industry,When the tide recedes, we will know who is swimming naked. With the currency price of defi project plummeting, investors of new defi projects should take a cautious view of the industry, and it is particularly important to identify high-quality defi projects. Blockcola is such a star project.
Blockcola is a defi lending agreement that allows users to borrow a variety of cryptocurrencies using stable and variable interest rates.
In addition to the typical features of a composite agreement, blockcola has other different features, such as unsecured loans, "interest rate switching," flash loans, and special types of collateral.
Blockcola uses token cola to offer discount fees to its holders. In the near future, Cola will also be used for governance and as the first line of defense for outstanding loans.
Blockcola was developed in 2019 by the defi lab team in the United States. Blockcola is a lending platform based on Tron network. The platform token is cola, which has no pre-sale, no private placement, no pre excavation and no team level.
With the popularity of Tron network and the increase of the number of users, the low cost of Tron network will cause defi users to continue to migrate from eth.
Of all the loan agreements in the market, blockcola provides the most diversified difi guarantee. With strong liquidity and the support of nexus mutual (insurance) for smart contract risk, we will see blockcola have an important market share in the DFI loan market in 2020.
Flash lending is one of blockcola's main selling points (because it doesn't need any collateral).
Flash loan does not need to use collateral to guarantee repayment. The only limitation is the repayment time of the loan. A loan is considered valid as long as it is used in the same loan and fully repaid. On the contrary, if the loan is not paid off at the same time, the whole transaction will fail.
Blockcola charges 0.30% for flash lending - this will provide blockcola with a stable revenue stream to meet the demand for specific lightning lending functions, such as the growth of automated maker vault.
Lightning loans provide safe and reliable arbitrage opportunities for users, and there is almost no cost.
Block cola, who entered the race track with credit from defi, is riding the wind and waves.
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