Hello, Sergey Shashev here, Founder of Everscale’s core development team Broxus and Everscale DeFi alliance. With me is Sergey Dzhurinskiy, Everscale DeFi Alliance co-founder and Warp Capital Managing Director.
We’re here to chat about Decentralized Finance (DeFi), its most prevalent issues, and why it can be a significant step forward for the crypto industry. Today we’re going to address the age-old question, whether or not DeFi is dead. There are various vocal communities claiming that the sector has no future and that it is soon to meet its own demise, but is there any merit to this statement? Stick around and we’ll have a constructive discussion revolving around these claims.
Thank you to the r/cryptocurrency community for having us here. We're excited to chat with you all as we discuss the current state of the industry and exchange valuable insights regarding the future of DeFi.
The AMA is held today on November 9th 2022. The session will go on for 3 hours, starting from 14:00 until 17:00 UTC. Please submit your questions and we’ll do our best to answer as many as possible.
We’re also giving away 300 USD in EVER to your top questions. Authors of the top 3 questions will receive 50 USD in EVER and an additional 5 questions will each be rewarded 30 USD in EVER, so make sure you give it your best shot.
A brief intro on Broxus
Broxus is the key development team behind Everscale, providing numerous projects that serve all your financial needs. Our Motto is “Crypto is Easy”: we’ve been developing DeFi solutions with intuitive usage. Among them are Everscale’s largest cross-chain offering Octus Bridge, its very own EVER Wallet, and DEX & farming hub FlatQube.
What is Everscale?
Everscale is the 5th gen blockchain capable of handling 64,000 transactions per second with a theoretical limit of 1M TPS while offering high scalability, low commissions, & security for all projects. The blockchain was created approximately 2 years ago and saw good community support. Everscale now has over 60 projects developed on its basis, with the potential to withstand hundreds of thousands of dApps without the network being overloaded.
Why are we even talking about DeFi?
Because the DeFi sector is seeing a significant drop in TVL, will it recover? Due to the unregulated nature of DeFi, are we looking at a magnet for money laundering and illegal activity? How have DeFi protocols addressed the problem of sustainable liquidity? Does the market need regulation? If so, how could regulation look like for a free financial market? Could regulation hinder the sector’s development? Or will this result in a better DeFi than the one we have right now? How can the sphere break into the mainstream? Are DAOs to blame for projects not having a clear direction?
These are all questions that should be addressed in order to ensure the industry’s long-term development.
What can you do with the EVER you win during this AMA?
You can stake on EVER Pools, farm on FlatQube, transfer tokens across multiple networks using Octus Bridge, trade NFTs, and more.
Accounts you should expect to hear from here:
Follow our socials!
We’re always conducting events & publishing educational and entertaining content on our social media:
- Everscale – Telegram
- Everscale – Twitter
Additionally, stay up to date with our Broxus socials where we regularly publish more expert insights:
- Broxus – Telegram
- Broxus – Twitter
Any information posted by Broxus on r/Cryptocurrency, including but not limited to posts & comments provided by Broxus, shall not be considered as financial advice or promise.
That being said, let’s get this session started.