Home Altcoins News Zilliqa (ZIL) Ionise Uncovering the DeFi Potential

Zilliqa (ZIL) Ionise Uncovering the DeFi Potential

The Zilliqa community believes it’s going to be a massive year for DeFi on Zilliqa.  New and improved DeFi tools are on the way, including Ionise – a money market protocol running on the Zilliqa EVM.

Ionise Expected to Work as a strong foundation for DeFi Growth

According to Matt D Dyer, Head of Sales and Marketing on Zilliqa, A competitive DeFi ecosystem is the central priority for Zilliqa.

There is a widespread opinion that Zilliqa does only gaming; however, it is not the case.  The launch of EVM compatibility is set to bring in unprecedented access to Zilliqa network making it possible for Solidity developers to easily build on a secure and scalable blockchain, which will be focused on delivering real utility.

Zilliqa are working on several use cases in different verticals.  EVM is enabling a DeFi ecosystem, which is expected to open up the Zilliqa network to hundreds and thousands of Solidity developers and dApps.

Ionise, the money market protocol is focused on creating a DeFi ecosystem with exceptional potential on Zilliqa network in a way to help developers and people leverage.

Matt D Dyer stated, “Zilliqa has looked at accelerating the growth and diversity of its DeFi space for a long time. What we see from other layer-one chains is that it’s key to build the modules or the building blocks that enable developers and people to build out a DeFi ecosystem.” Further stated, “A key application to enable that is a money market protocol that allows users to lend and borrow assets in a trustless manner, which is a key component in terms of peer-to-peer settlements.”

Matt Further added, “In terms of market penetration and raising awareness of Zilliqa, not having a money market solution as part of our ecosystem has been a little bit of a barrier for people to build and develop on our blockchain. It’s a key component that I’m so excited that we’re going to be implementing,”

The building of Zilliqa’s DeFi ecosystem will require engagement from several blockchain developers to propel the nascent DeFi space forward towards a major growth. Ionise is expected to give the needed kick-start for this evolution.

Ionise will allow people to lend and borrow, creating leverage. It will also encourage the development and adoption of new DeFi applications. Ionise is expected to create a domino-effect application which will make it possible for more people come and build on the blockchain.

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dan saada

Dan hold a master of finance from the ISEG (France) , Dan is also a Fan of cryptocurrencies and mining. Send a tip to: 0x4C6D67705aF449f0C0102D4C7C693ad4A64926e9

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