What is Chalice Finance (CHAL) | What is CHAL token
INTRODUCING CHALICE
Lending is currently the only DeFi category with significant traction. Majority of the current DeFi platform only supports major crypto assets. Chalice we see an opportunity to offer collateralized loans and stable coins for vast crypto assets (ERC-20) thus offering decentralized leverage and stability to users of many crypto assets.
The platform offers multi collateral debt positions integrating majority of the top 10 cryptocurrencies such as BTC/ETH etc. Furthermore, users can instruct the Chalice network to issue loans to themselves (self-issues loans).
The Chalice (CHAL) is a decentralised protocol for Multi-Collateral lending system, allows users to generate CHAL Token for lending platforms that rebalances for highest yield during contract interaction. Chalice is a decentralized, unbiased, collateral-backed cryptocurrency soft-pegged to the US Dollar. Resistant to hyperinflation due to its low volatility, Chalice offers economic freedom and opportunity to anyone, anywhere. The decisions and actions of Chalice Finance are made by its members and community to assure equity and fairness for all.
DeFi as a Whole
DeFi stands for Decentralized Finance and is, in essence, conventional financial tools built on a blockchain (often the Ethereum Blockchain Network). DeFi works the best on open-source protocols and modular frameworks to create digital assets. They are designed to create advantages of operating on public blockchains, such as better access to financial services. Three services have created the biggest waves in the financial service industry:
Open Lending Protocols
Such as the MakerDAO and BlockFi, are Peer-to-Peer lending services. For the most significant part, they work the same as other, off- chain lending services. The main differences being the removal of intermediaries and a reduction in counterparty risks.
Stable Coins
This is the most well-known and talked about service. Stable coins are cryptocurrency coins that are pegged to FIAT currencies such as USD or EUR.
Issuance and Investment Protocols
as the idea of ʻflexible securitieʼ spreads, platforms such as TokenSets and UMA Protocol might become just as popular as open lending protocols.
Introduction
Lending is currently the only DeFi category with significant traction. Currently, the Mostly DeFi platform only supports major crypto assets. So in Chalice, there is an opportunity to offering collateralized loans & stable coins for many crypto assets (ERC-20), and Offering decentralized leverage and stability to users of many crypto assets. The platform offers multi collateral debt positions, accepting most top 10 cryptocurrencies like BTC, etc. Furthermore, users can instruct the Chalice network to issue loans to themselves (self-issues loans).
Defipulse lending category report (2020/10/31)
- The Makerʼs CDP* lending system is clear winner currently.
- Makerʼs supports ETH, and only support a few ERC20. (including WBTC).
- The Maker market cap is worth $4,00B+.
- Maker has 2%+ of ETH locked-up totaling $1.9B+ in collateralized assets.
*Collaterized Debt Position
CHALICE FEATURES
STAKE
Chalice Finance members will be able to Stake on Chalice Platform to earn extra interest in CHAL tokens.
LENDING
Deposit your cryptocurrencies as collateral and get instant access to stablecoin loans called CHALx.
GOVERNANCE
CHAL tokens members holder have full control over the ecosystem through systemic voting and governance rights.
CHAL SWAP
Chalice finance members will be able to cross-chain swap (any cryptocurrencies).
Would you like to earn many tokens and cryptocurrencies right now! ☞ CLICK HERE
Looking for more information…
☞ Website
☞ Explorer
☞ Whitepaper
☞ Source Code
☞ Social Channel
☞ Message Board
☞ Documentation
☞ Coinmarketcap
Create an Account and Trade Cryptocurrency NOW
☞ Binance
☞ Bittrex
☞ Poloniex
Thank for visiting and reading this article! I’m highly appreciate your actions! Please share if you liked it!
#bitcoin #blockchain #chalice finance #chal
