According to Dapp.com's "Q2 Dapp Market Report 2020", Ethereum users more than doubled in three months, with a cumulative total of over 1 million. DeFi applications have clearly promoted user growth, and its June transaction volume reached 6.5 billion US dollars.
In addition to driving the Ethereum ecosystem, DEFI's own base is even more fierce. Data shows that the asset scale of the DeFi market has reached 7.43 billion U.S. dollars so far. Behind this data is an amazing green curve. Because the defi market in 2019 has not reached 1.5 billion US dollars.
Although the so-called liquidity flooded into DeFi like a tsunami, DeFi is still in the early development stage of the industry. After a panic drop a week ago, people realized that DeFi's stability, ease of use, security, and liquidity are still Large room for improvement. The DLF Convection Cloud, which came out at this time, intends to become the world's preferred decentralized platform to solve the pain points of DeFi.
DL-Convection Cloud system protocol, also known as DL (Convection Cloud) decentralized financial ecosystem, allows users to use the digital currency asset ETH as collateral to pledge USDT lending, deposit idle USDT as lending reserve funds to obtain income, vote, etc. . DL governance is a set of procedures for managing all aspects of the DL-Convection Cloud system protocol organized and operated by the community. USDT is an asset-backed cryptocurrency anchored to the U.S. dollar. Due to low volatility, USDT can withstand hyperinflation and provide economic freedom and opportunities for any individual on a global scale. The DL-Convection Cloud system is a supporter of the stable currency USDT and one of the representatives of the DeFi project.