DEUS Finance is excited to announce our launch on Binance Smart Chain
This cross-chain merge will bring a huge influx of new users and investors into the DEUS system as well as giving BSC users access to DEUS Finance’s incredible offerings, such as access to tens of thousands of tradable stocks and assets.
Introduction to DEUS Finance
DEUS Finance is playing a major role in the financial revolution. The vision of creating a fully decentralized financial system, with no barriers to entry and accessible to everyone, is a bold one. Until now, DEUS has exclusively been available on Ethereum and xDai but has always stated that cross-chain compatibility is a critical element in the roadmap to bringing DEUS Finance’s vision to life. The DEUS/BSC integration is a significant step towards a chain-agnostic DeFi ecosystem.
Why Choose Binance Smart Chain?
In February of this year, DEUS Finance ran a poll, asking the community to vote on which side chain they wanted to see DEUS deployed on first. Given a slew of options to choose from, what ensued was a flurry of voting, debating, agreeing, and disagreeing, a telegram battle between fervent supporters and users all making a case for the chain of their preference. It was clear that the community was passionate about seeing DEUS represented on multiple chains.
The outcome of the poll led to the DEUS team deciding that xDai and BSC were the most favorable choices to implement first. With DEUS already live on xDai, it’s now time to deploy on BSC.
What will DEUS bring to Binance Smart Chain?
Upon launch, BSC users will have access to approximately 50 stocks. A couple of weeks after launch, that figure will rise to 600 stocks and within a few months, as many as 50,000 stocks will be available on DEUS Finance. These stocks are mirrored assets, called dAssets, and are pegged 1:1 to their underlying asset, made possible by DEUS’ revolutionary decentralized high-powered oracle.
Ultimately, anyone will be able to mint and trade any verifiable asset, create indices, long and short stocks and earn rewards as a liquidity provider, all on the DEUS platform.Learn more about our dAssets here.
Benefits of Binance Smart Chain
Scalability has always been one of the major challenges for blockchain development. A protocol remains limited by the chain it is built on, thus incentivizing constant improvement by blockchain developers, ensuring their chain is as attractive as possible for new and existing users alike.
Binance Smart Chain is an ever-growing blockchain that is posting impressive metrics.
BSC boasts incredibly low transaction fees, as low as $0.01. Additionally, the system is capable of high-speed transactions, with block confirmations occurring in roughly three-second intervals.
Perhaps the most notable aspect of Binance Smart Chain is its active community. BSC has garnered huge support, resulting in massive trading volumes. Earlier this month, daily transaction volume reached $9 million, TVL is currently a staggering $43 billion, with 66 million unique blockchain addresses. This points to a community that is engaged and actively interacting with available dApps, a perfect environment for DEUS to flex its capabilities.
DEUS Finance’s vision of being fully chain-agnostic becomes clearer with each additional chain announcement. Our launching on Binance Smart Chain is a major step towards realizing this goal. We cannot wait for BSC users to interact with our system and become a part of the DEUS family, growing with us and helping us usher in a new era of finance.
DEUS Finance needs input from the community. With 25,000 stocks easily deployable, head over to https://vote.deus.finance/ and vote for your ‘Stock of the Week’.