DeFi has become so popular recently. Since Compund launched liquid mining, various DeFi projects have emerged one after another. There have been a thousand-fold increase in just two months, and the price of a single currency has exceeded Bitcoin. YFI has also been born with a golden key. SushiSwap. In any case, in the current market, DeFi projects are the absolute darling. From lending platforms to wealth management platforms, to DEX, derivatives, assets, etc., the forms are becoming more and more diversified, and market enthusiasm promotes innovation.
DeFi stands for Decentralized Finance, decentralized or distributed finance, and is a typical application scenario of blockchain technology. DeFi projects generally run on public chains such as Ethereum, and have non-tamperable operation logic (intelligible contracts that cannot be tampered with). Compared with centralized financial systems, DeFi has the advantages of low operating costs, high efficiency, openness and freedom, strong innovation, wide audiences, and avoiding centralization risks. It is foreseeable that DeFi is the future development direction of the financial industry. The rising popularity of Defi in the past two years has also verified this trend.
However, novice investors have made difficulties. They need to understand and digest their concepts. At the same time, the threshold for participating in DeFi or liquidity mining is still very high, which is much more complicated than buying coins. So, how do you choose between various DeFi projects?
Many investors compare different platforms in order to obtain the maximum benefit in their investment portfolios, which not only wastes time, but also generates unnecessary fees and increases investment costs. In order to solve this pain point, CREEDFinance came into being.
CreedFinance is positioned to provide an intelligent comprehensive DeFi platform for investment portfolios. It analyzes DeFi products such as Compound, Yearnfinance, Yam, Sushiswap, etc. through big data, and combines expertise in this field and AI technology to provide a variety of DeFi services, including loan agreements, DEX and revenue management, etc. Committed to providing investors with a better Defi model that maximizes returns and minimizes risks, and establishes a “simple, secure, worry-free, and happy” DeFi investment environment for investors.
Project Introduction
On September 10, CreedFinance officially launched Uniswap. It is reported that the project consultants include Lisa Loud, the former marketing director of BITMEX, and other celebrities. They publicly supported the project and spoke highly of the development possibilities of the project. Under the influence of multiple positives, the market has risen sharply, and the current price has reached 8 US dollars.
The Creed project strictly implements blockchain community autonomy and builds a fair DeFi platform. It is a community-based decentralized self-regulatory organization, namely DAO. Although initially operated by the core development team, as the project matures, it gradually spreads to the larger community and participates in the Creed community. All matters of the Creed project are subject to modification according to the decisions of community participants. The number of coins in the pool will be gradually increased according to the needs of the community and currency holders. And with the opening of the governance project website, Creed community users will have the right to make proposals and vote, which will play a role in determining the direction of Creed’s operation.
The specific services provided by Creed include:
1. Creed points-staking/provide liquidity for LP tokens to obtain Creed tokens;
2. Creed Swap-through an automated market mechanism, assets can be converted into other assets;
3. Creed deposit-loan agreement, deposit assets are used as guaranty, accumulate and borrow from deposit assets to obtain more income;
4. Creed interest collection-a service that minimizes risks and maximizes returns through artificial intelligence;
5. Creed governance—The members of the Creed community determine the direction of the Creed platform.
core advantages
Thanks to the skyrocketing price of YFI, YearnFinance has become the hottest smart wealth management platform. It is on the same track. Does Creed have a competitive advantage over Year?
In fact, Year generally uses the loan provider with the highest yield, and only performs the simplest re-adjustment of the portfolio, using relatively simple algorithms. The key to the successful implementation of this strategy is that the size of each “pool” must be large enough to reduce the cost of transaction fees generated on the “Ethereum Chain”. This is very unfriendly to retail investors with small capital.
Creed uses the innovative method of reward tokens to quickly transfer the liquidity of UniSwap and other popular DeFi services to the Creed ecosystem. In order to solve these problems, Creed will use the data-based approach, based on artificial intelligence neural network technology, and implement the OffChain Computing Node of the director’s learning algorithm. According to the guidance of artificial neural networks, deep learning is currently regarded as a mature technology. Applied in the field of blockchain finance, it has great development potential and possibility.
At the same time, in terms of product types, Creed is also the most comprehensive, covering all current mainstream DeFi models. Give investors plenty of choice and a diverse portfolio.
safety
Contract security is an important indicator for evaluating DeFi projects. If there are loopholes in the contract or the developer has too much authority, it may cause problems such as theft of assets and lead to investor losses.
CreedFinance pays special attention to the prevention of security issues, and cooperates with the network security company KnownSec Inc. to conduct a high-quality thorough review and a comprehensive security audit on the smart contract code. The architecture logic was tested, and possible vulnerabilities in the code were searched to verify the successful interaction between the smart contract and the Ethereum blockchain. According to the report, CREED is a highly secure digital asset.
The quality certificate is as follows:
CreedToken Smart Contract Audit Report.pdf
https://bit.ly/2ZJuwUB
MasterChef Smart Contract Audit Report.pdf
https://bit.ly/2FF4WJr
Public information shows that KnownSec is a Chinese company established in 2007 by cybersecurity experts. It provides professional network security solutions for blockchain projects. KnownSec has been recognized by the Ministry of Public Security, the Supreme People’s Court, the State Administration for Industry and Commerce, Bitmain, Huobi, Google, Microsoft, Tencent, Alibaba, and other top technology companies.
How to get CREED
The total number of CREED issued is 1,000,000, of which 98% of the tokens will be issued to the community for governance purposes, and the remaining 2% will be issued to developers for smart contract review and development purposes. Investors can obtain CREED by staking UniswapLP tokens in the Earn protocol.
In order to provide sufficient CREED liquidity, each of the first 10,000 blocks will be allocated 20 CREEEDs, and after 10,000 blocks will start from 20,000 blocks, each block will be allocated 10 CREEEDs. By analogy, every 2x block, the amount of tokens issued and distributed is reduced by half, similar to the mechanism of Bitcoin. Therefore, the earlier you participate, the greater the benefits.
In addition, in order to give more rewards to those who provide liquidity, CREED-ETHLP tokens can be stored in the point pool to get twice CREED.
The specific block number can be checked on the website https://etherscan.io:
CREED issuance address: 0xf3751F827B9F9ef4D03f8aA1f69F1806B8785f13
CREEDToken address: 0x675E7d927Af7e6D0082e0153dc3485B687a6F0ad
Development team wallet address: 0x7B0a86E56AC272dEC0b59AB07194d84637ee2f35
CREEDFinance is creating a smarter DeFi platform, participate now and get more CREED. In the future when DeFi becomes more and more popular, what role will CREED play? Let’s look forward to it together.
