In DeFi We Trust: EOS Catalyst Arrives

SAN FRANCISCO - June 17, 2019 - PRLog -- Advancements in blockchain technology enable traditional financial applications and services (payments, deposits accounts, lending, etc.) to be built on top of blockchain technology. Blockchain-based protocols are overturning traditional financial service segments and creating a new suite of financial services built on top of blockchain technology, decentralized finance (DeFi).

DeFi is set to replace or optimize almost all financial service segments, an industry representing 7.5% of the US economy alone. Most of the DeFi infrastructure has been built around Ethereum such as decentralized protocols Kyber, Bancor, and 0x. However, Bitcoin and Ethereum suffer from significant capacity limitations with Bitcoin and Ethereum able to process approximately 7 and 15 transactions per second (TPS), respectively.

Since mid-2018 though, a host of new high-scalable blockchains have come online with EOS leading the pac, supporting over 4,000 TPS and 0.5 second block times enabling large-scale responsive decentralized applications. Despite the significant advantages of EOS, there have been very few DeFi projects leveraging EOS scalability.

During a meetup today I heard about a new project, SuperRam, that may fill the gap with an EOS-based DeFi Protocol focused on Intra-DAPP transfers and payment execution using on-chain liquidity smart contracts and off-chain order books. They plan to make the protocol available via API, so third-party wallets and DAPPs can get best execution without leaving the application. This would be a massive step forward for EOS-based DeFi infrastructure and a seamless in-app payment experience.

https://www.superam.one/