Every few years since the advent of Bitcoin, the cryptocurrency and blockchain industry sees a groundbreaking innovation that creates new subsections that promise to reach the level of impact and penetration as the asset class is having elsewhere in the greater financial space.
Most recently, the explosion of decentralized finance (DeFi) has resulted in a more inclusive, highly accessible alternative to traditional, centralized banking products. But the early technology, like other early cryptocurrency solutions, isn’t flawless, and it takes the right developer to combine an exciting idea to create a perfect storm breakthrough.
Tosdis.Finance could be that breakthrough, ushering in a new age as DeFi-as-a-service — specifically, an innovative interaction of Liquid Staking and Staking-as-a-Service. Here’s why this new DeFi model is an entirely untapped horizon and a remarkable opportunity for the crypto community.
Tosdis.Finance: Connecting Existing Crypto Through A Scalable DeFi Service
Computer software was an enormous driver of the early success of Internet brands. But eventually, SaaS – Software-as-a-Service – dominated the old distribution models and are how businesses access such technology today.
DeFi began in a similar capacity but will soon be transformed into a service standard by Tosdis.Finance. To achieve this, Tosdis is bringing together Staking-as-a-Service and Liquid Staking to make digital assets even more accessible for crypto users.
The new model builds a bridge between ERC-20 tokens and other blockchains for a friction-free network of wrapped and staked Tosdis tokens, building even non-DeFi tokens into the larger decentralized finance ecosystem.
How Tosdis Works and Will Encourage Cross-Chain Interoperability
The protocol allows any crypto holder to stake their preferred asset — such as Polkadot, Binance, Chainlink, Tron, Ethereum, EOS, and others — through Tosdis EasyStake. The newly staked Tosdis tokens the holders receive can be traded or used in various DeFi applications and on nearly any blockchain network.
Tosdis.Finance’s DeFi-as-a-service solution essentially turns the entire crypto market into one interoperable decentralized infrastructure. As a result, the cross-chain technology will break down the barriers between each blockchain and build a more inclusive future of digital finance.
Tosdis’s EasyStake has all concerns covered, even offering a way for smart contracts and yield farming to be deployed at low prices to other blockchain users in a similar capacity as the many other DeFi applications outlined above. Yield farming abilities, and Liquid staking for PoS coins such as Ethereum, are all due in Q1 2021.
The Tosdis TOSDEX decentralized swapping protocol due in Q2 2021 offers the lowest fees anywhere and uses the unique liquid staking mechanism. Other DeFi applications Tosdis can replicate across any blockchain network include peer-to-peer lending, borrowing, and more — all without the need for a third-party to intervene.
To learn more about Tosdis.Finance, DeFi-as-a-Service, and the future of cross-chain interoperability check out the Tosdis.Finance website.