Axis DeFi Chooses EOSIO as Initial Kernel to Build First Dedicated DeFi Chain
TORONTO, CANADA — Axis DeFi is building the first dedicated DeFi blockchain with complete Wall Street trading capabilities. While there has been strong growth and interest in DeFi, the market has over 99% ETH dominance. Public chains like ETH have severe limitations for being able to support sustainable and strong DeFi.
Why EOSIO?
1. The EOSIO kernel delivers top performance for transactions. It has very high throughput capacity and is very efficient for doing high frequency trading (within 500ms block time).
2. Elegant plugin modular architecture makes an extension easy.
3. Code out by c++, which is the most robust language in all trading systems.
4. DPOS consensus can provide flexibility to balance the performance and distribution.
The EOSIO has an incredible global community and sterling reputation, and we are looking forward to future collaborations. We hope to share our first version later in 2020 with the EOSIO community and the world.
There are three things will make Axis DeFi completely different than what is on the market with public chain focused infrastructure:
1. Dedicated DeFi Tech Stack
No public chain is currently exclusively designed for DeFi. AXIS will offer consumer grade trx speed, proprietary DeFi Contracts and Third-Party Interoperability (so most major token formats can be supported in the future including EOS, TRX, NEO and much more). The main goal is to offer interoperability to future official traditional finance currencies in the future once they are on their own chains.
2. On-Chain Risk Control & Margin Trading
To protect users from immediate market meltdown and collateral pool issues, Axis will offer the first on-chain margin implementation. Furthermore, it will offer a built-in risk protection against market meltdown such as a Decentralized Adaptable Collateral Pool (DACP).
3. New DeFi Financial Model
To scale AXIS to great heights, the team will implement key measures to rapidly grow and incentivize usage and staking. These include Decentralized Adaptive Collateral Pool (DACP), which requires less collateral and Custom risk — with on-chain programmable stop loss and custom risk profile.
AXIS DeFi has top cofounders in the global blockchain and finance industries:
· Jin ‘Jinius’ Tu- known as the ‘Father of blockchain interoperability’. Cofounder Aion ($600M peak market cap, Binance)
· Maggie Xu, J.D. former CEO of Decentral, helped grow Jaxx wallet to 2M+ users. York University BH.
· Christine Guo MFE, FRM, CFA II- Investment, Finance, Ops and Blockchain. Helped launch SKM ($150M peak market cap, Huobi).
Leading global capital partners that are supporting AXIS include Anthony Di Iorio (ETH Cofounder), Fenbushi Digital Capital, CollinStar Capital, Consensus Labs, Quest Capital, BKEX Capital, MP of DFund, Roots Capital and WoChain Capital.
The mission of AXIS is to bring the rest of the cryptocurrency world to DeFi by building the first interoperable super chain with native, margin enabled, customizable synthetic DeFi assets with built-in risk mitigation. With planned two-level staking schema to provide flexibility for various risk preferences, up to 16x for highest trade profit level and a customizable risk profile, AXIS DeFi is the future of open finance.
For more details, please visit www.AxisDeFi.com
