What is a DeFi contract (ded contract address)

What is a DeFi contract?Editor’s Note: This article is from Zhi Kuang University (ID: gh_37c9e0edba) and is authorized to be reproduced by Odaily Star Daily.

Decentralized finance contracts are blockchain-based digital asset protocols used to issue, manage, and trade various types of virtual currencies in DeFi applications. This includes encrypted tokens such as Bitcoin, which can be used as a payment mechanism or a way to store value. These contracts help developers achieve their goals of maximizing their own financial flows and profits without intermediaries. What is a DeFi contract? What is a DeFi contract? Def is a decentralized financial service project. Users can transfer certain assets to specified addresses through smart contracts without relying on third-party participation. Transactions can be completed and interest income can be obtained without providing any information to others. Additionally, this protocol can be used to generate new tokens for any user, creating a completely new system for future development. Furthermore, it can be compared with traditional security-type tokens to make their prices more stable. Therefore, contracts used as investment targets have lower risks, are more flexible, and have more prospects. Currently, DeFi contracts mainly consist of two types:

1. A basket of ERC20Token contracts supports polynomial contracts, with the most popular being USDT. USDT is a stablecoin pegged to 1 US dollar, with a market value of over 200 million US dollars.

2. Ethereum smart contracts are completely non-custodial, and all operations need to go through smart contracts for execution.

3. Ethereum Classic contracts support various types of contracts.

4. Tron contracts support the exchange of multiple tokens, such as Ethereum Classic BTCUSDT and Polkadot DOTEOSUSDT.

5. Dex contracts within the EOS ecosystem use a decentralized pattern to establish and maintain a decentralized financial system. Examples include ETH/DAI, ETH/LINK, ETH/USDC, EOS/BNB, EOS/WRX, EOS/HT. These are all protocols built on Ethereum and operate on a distributed platform.

6. There are many decentralized exchanges based on the EOS network on the EOS chain, such as MakerDAODao, CompoundChain, dYdXChain, Uniswap, and Sushiswap.

7. Currently, most public chains do not have their own underlying blockchain technology, and only some EOS-based blockchains can meet such needs. However, the EOS mainnet is still in its early stages.

ded contract address

According to reports, based on the ded contract address, as of now, the contract address is: 0xe5e6f3c4df0a1b8afda9be7cebaf2ebd71b90d79c. This address is the founding team address and contract wallet address of ded.finance. The current number of holders:

ded is the token name of the decentralized lending protocol DED (https://defi100.com/).

According to the introduction, ded was launched in December 2021. Its goal is to establish a fully collateralized and scalable financial system on Ethereum. It is community-run and supports comprehensive audits of Ethereum smart contracts.