BSC DeFi (BSCDEFI)

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Blockchain: BSC DeFi

Ticker: BSCDEFI

Type: Cryptocurrency

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Powerpool.finance

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About BSC DeFi

BSC DeFi (BSCDEFI) is a decentralized network that provides guaranteed automatic and gasless transaction execution and off-chain computations for DeFi and Web3 applications. It is built on the PowerPool Protocol, which includes PowerAgent, a decentralized network of Keepers for automated transaction execution. BSC DeFi offers a permissionless and decentralized layer for executing smart contracts, with features such as automated Keeper stake slashing to protect task owners from losses and gas efficiency. It can operate on any EVM-compatible blockchain and supports different algorithms for Keeper selection, slashing, and reward calculation.

BSC DeFi (BSCDEFI) offers various products and features, including LUSY, a capital-efficient StableSwap pool on top of Balancer v2, Liquity, and B.Protocol; xCVP, a solution for distributing protocol fees from the Protocol treasury to CVP stakers; PIPT, an index focused on providing exposure to DeFi market blue chips; YETI, an index product that provides exposure to Yearn Finance ecosystem projects; and ASSY, a concentrated bet on AAVE, SUSHI, SNX, and YFI tokens. The protocol is governed by the PowerPool DAO, which develops the PowerAgent automated execution layer and facilitates network adoption. The native token of BSC DeFi is CVP (Concentrated Voting Power), which serves multiple functions within the protocol, including staking in PowerAgent nodes, governance of the PowerPool Protocol DAO, and participation in liquidity mining programs.

BSC DeFi (BSCDEFI) was launched without VC funding and has been distributed to community contributors and liquidity providers through airdrops and liquidity mining. The protocol has gained recognition in the DeFi space, with partnerships and integrations with projects such as yearn.finance, Polygon, Balancer, SushiSwap, and more. The team behind BSC DeFi is composed of experienced professionals, including public team members and researchers in the crypto industry. The protocol is continuously being developed, with ongoing research and development phases to enhance its functionalities and expand its offerings.