Defibox is a one-stop DeFi application platform. It was initiated and managed by the Defibox Foundation. After the official establishment of the DefiboxDAO Board on November 17, 2021, it became governed by DefiboxDAO.
The project was launched on EOS chain (https://defibox.io) on July 21, 2020 , Swap protocol was launched on BSC chain(https://bscdapp.defibox.io/) on July 21, 2021 and Swap protocol was launched on WAX chain(https://wax.defibox.io/) on January 21, 2022. Defibox is committed to becoming the most popular DeFi application platform among users. Currently, Defibox has launched three protocols, namely Swap protocol, USN stable coin protocol and decentralized lending protocol.
Every DeFi protocol of Defibox is open, and any individual and party can visit and use it.
Swap is decentralized token swap and AMM (automatic market-making) protocol. The protocol was launched on EOS chain on July 21, 2020 and was launched on BSC chain on July 21, 2021. It provides swap prices in real time through the constant product algorithm, and users can also create swap markets and become market makers. Transaction fees are distributed to the market makers based on the proportion of liquidity.
The USN stable coin is a decentralized staking stable coin. It was launched on January 17, 2020 and has become one of the Defibox 3 basic protocols. The stable coin USN (the target is pegged to the U.S. dollar) is generated by staking multiple valuable tokens, which can meet various financial needs such as leveraged trading and obtaining capital liquidity. It adopts the mechanism of over-collateralization and liquidation, and provides value support for USN with sufficient collaterals.
Defibox Lending Protocol has been officially launched on March 27, 2021 on EOS chain. Users can participate as depositors or borrowers. Depositors provide liquidity to the market to earn a passive income, while borrowers with collaterals are able to borrow tokens and need to pay interest.