Decentralized Exchange Finance

DEF Blockchain - a dedicated non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry built on top of Bitcoin.

Overview

Dedicated blockchain specifically for decentralized Exchange & finance

The cryptocurrency industry is based on a simple principle: user should be fully in control of their finances. For that purpose, we are introducing the DEF (Decentralized Exchange & Finance) Blockchain, a dedicated blockchain specifically for decentralized Exchange & finance.

DEF Blockchain - giving user seamless access to decentralized financial services.

By dedicating the functionality of a blockchain specifically to decentralized finance, the DEF Blockchain provides high transaction throughput, reduced risk of errors, and intelligent feature development specifically for the fulfillment of Satoshi’s original intent: To create a reliable alternative form of financial services built on top of Bitcoin.

Decentralized finance as a specific and critical segment of the blockchain community.

DEF is a dedicated blockchain that is optimized specifically for DeFi applications. The DEF Blockchain is intentionally non-Turing-Complete and does not support any function, other than those needed for Decentralized Finance, resulting in a blockchain that provides higher throughput and better functionality specifically for dApps related to finance. The advantage of a non-Turing complete command set is that there is a much lower potential for coding errors of the type that have plagued Ethereum smart contracts such as with the DAO hack or the locked funds with Parity. While it is important that we have some smart contract languages that are Turing complete, in the area of finance, it is appropriate to restrict the capabilities of the language in favor of a more secure system with greatly-reduced attack vectors.

A dedicated non-Turing-complete Blockchain

DEF Blockchain keeps its own consensus mechanism and function set, allowing for all those characteristics that Bitcoin does not inherently have. This is achieved by the DEF Blockchain being a dedicated non-Turing-complete blockchain, designed specifically for the decentralized finance (DeFi) industry built on top of Bitcoin. The DEF Blockchain provides full functionality for this specific segment of the DLT community, sacrificing other types of functionality for simplicity, rapid throughput and security.

DEF Blockchain

The DEF Blockchain utilizes a completely decentralized Proof-of-Stake mechanism

  • Decentralized, secured, scalable, fast transactions.
  • Independent of other financial systems and financial instruments.
  • Rapidly create a variety of DeFi apps based on one chain.
  • Fully liquid investments, no min. size of investments & lock-up periods.
  • One chain multi-token support - decentralized wrapped token technology.

Unlike Ethereum or other turing-complete blockchains, the DEF Blockchain is not a general-purpose blockchain, and commands outside the basic set of functions are not allowed. Limiting the allowed commands on purpose provides a dramatically reduced attack surface for smart contracts, eliminating the obvious breaches that are made possible when programmers need to design complex coding for these functions.

DEF Advantages

The DEF Blockchain utilizes a completely decentralized Proof-of-Stake mechanism

Development of a variety of financial operations & vehicles for cryptocurrency economy.

High throughput for all transactions

Safer, more secure blockchain specifically for decentralized finance

Rapid development of dApps for decentralized finance

Rapid development of dApps with dedicated calls specifically for finance applications

Minimal attack surface of financial smart contracts developed on the platform

Reliable governance (off-chain and on-chain)

Blockchain is not used for any types of non-financial dApps, decisions of Foundation and core developers are focused 100% on decentralized financial use-cases

Initial dApp Sets

Safe and Secure

Decentralized Exchanges

The decentralized exchange will allow atomic swap of cryptocurrencies in a peer-to-peer fashion.

Instant Exchange

Decentralized lending

Allows individuals and groups to borrow and lend without the intervention of a bank.

Strong Network

Decentralized wrapping of tokens

Mobile Apps

Decentralized pricing oracles

Oracles are an important way for blockchains to collect accurate information from other blockchains and non-crypto markets.

Margin Trading

Asset tokenization & dividend distribution

DEF Blockchain Technology

While the DEF Blockchain is a new blockchain, basing it on a Bitcoin Core fork results in a chain that is easy to integrate with for exchanges and apps that support Bitcoin.

Read Time Update

Robust and Secure

The proven security and robustness of the Bitcoin Core made it the blockchain of choice for DEF Blockchain base for extension. DEF Blockchain is built based on a fork of Bitcoin Core 0.18, specifically v0.18.1.

Cloud Based

Fast and Scalable

The DEF Blockchain fork of Bitcoin Core block time is 30 seconds and clock size is 16MB. These improvements provide a transaction rate of over 2,200 transactions per second (tps).

No transaction fees

Decentralized Consensus Mechanism

The DEF Blockchain leverages the best aspects of PoW, that is, using hashing of the staking node’s ID for block creation while focusing the majority of the consensus on Proof-of-Stake (PoS).

Instant operations

DEF Custom Token (DECT)

DECT is the DeFi parallel to ERC20 on Ethereum. Creation and issuance of tokens on DeFi is simplified and the potential for errors in the smart contract is eliminated, because creators of DECT can set only according to specific parameters, using an easy to use scripting interface.

Strong teams & Advisors

DEF Asset Token (DEAT)

DEF Asset Tokens (DEAT) are backed in a decentralized manner. DEAT on the DEF Blockchain are tokens and crypto assets external of the DEF Blockchain.New DEAT are introduced to the system through voting by masternodes.

Protects the identity

Cross Chain Technology

A user holding DBTC might be interested in holding of actual BTC instead of a DeFi pegged BTC token (DBTC). The DeFi Cross-chain Exchange (XCX) allows anyone to do exactly that.



DEF Token

Integral unit of account in the DEF Blockchain ecosystem

TOTAL SUPPLY 1.2 BILLION – FIXED. DEF is divisible up to 8 decimal places. The DEF Foundation located in Singapore will be issuing the DEF utility token.

  • DEF is used for fee payment for all transactions and smart contracts on the DEF Blockchain.
  • Fee payment for decentralized exchange transactions.
  • Fee payment for token transfers.
  • Fees payment for DEF activities: DeFi fees | DEX fees | Lending loan interests payment, etc.
  • Collateral for borrowing of other crypto assets on the DEF Blockchain.
  • 1,000,000 DEF is required to run a staking node for the DEF Blockchain.
  • 1,000 DEF is required to create a DECT. This is refundable upon destruction of the DECT.
  • 500 DEF is required to submit a proposal for DEF community budget. This is non-refundable.
Of the roughly 20 million DFI tokens 49% will be issued to the DEF Foundation at the start. The rest will be issued to Master node holders over time.
Of the 49% initially issued DEF tokens, 49% will be kept by the DEF Foundation. The rest may be distributed to accredited investors, large funds and institutions, collectively known as external partners, to fund the initial development of the DEF Blockchain. In order to decentralize the holdings of DEF as much as possible the DEF foundation may not keep more than 49% of all initially issued tokens. The use of potential proceedings of the tokens will be decided by the DEF Foundation board but will exclusively be directed towards the adoption and development of the DEF Blockchain. For any avoidance of doubt, there will NOT be a public ICO.
The DEF Blockchain is initially launched with a 200 DEF block reward, of which 10% goes to the community fund. The Foundation pledges to guarantee this 200 DEF block reward for at least 1,050,000 blocks since the first genesis block, so approximately 1 year.
Subsequently, block rewards will be adjusted through governance vote. The Foundation also further pledges that there will never be more than 20 million DFI in circulation, unless until the DAO governance votes to change this limit. Therefore DEF is a deflationary utility token.
DEF tokens will be issued only to the users of the DEF Blockchain or partners with an interest in utilizing and participating in the ecosystem. There will be NO public sale or public token offering. Following are the only ways to get DFI tokens:
Institutional investors, accredited investors and funds who are interested in the use of the DEF Blockchain can contact the DEF founders at www.defcoin.io.
Over time, DFI will be available on staking platforms (such as www.CakeDeFi.com) and on selected exchanges.
The DEF foundation will issue airdrop tokens for users of the DEF Blockchain. (Hodlers and other market makers).
The DEF foundation gives grants to developers who are developing functionality for the DEF Blockchain or dApps to run on the blockchain.
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