DOUBLE EAGLE: Redefining trust, the first stop-Binance Smart Chain BSC
Tags: Uniswap, Binance Smart Chain, Binance, Defi

DOUBLE EAGLE: Redefining trust, the first stop-Binance Smart Chain BSC DoubleElage Follow Apr 25 · 4 min read

There are more and more voices discussing blockchain in the world, and everyone is talking about blockchain, but blockchain is still largely mysterious and seems to be designed for experts and geeks. In fact, like any new thing, it has been subdivided into various branches, and they are all different. Sometimes they only provide variants, including specific strategies and business models, and new ecosystems are being born and growing. Blockchain can reshape human transactions by attracting collective wisdom, co-creation, and the necessary trust between people. Therefore, the blockchain also has a significant social and civic impact. Among them, decentralized finance has become an important application of blockchain technology in vertical fields.

Model Innovation

Double Eagle regards the blockchain as the core architecture of the underlying technology, and establishes a consensus mechanism through distributed ledger technology, smart contracts, and P2P network technology, and at the same time forms technical constraints such as recordable, traceable, verifiable, and privacy protection, and The block chain connected by time series transactions constitutes the carrier of information execution evidence, and the smart contract is deployed on the BSC in the Binance smart chain. Users can conveniently use loans, financing, stable coins, lightning loans and liquid mining And other services.

Trust Is The Enabler

The relevant application scenarios of decentralized finance depend to a certain extent on whether the underlying architecture can effectively obtain a reliable consensus from real users to achieve absolute trust. Double Eagle will cooperate with Binance Smart Chain BSC, and its consensus agreement to a certain extent ensures a higher level of security and effectiveness in open source code. Double Eagle enables tens of thousands of people to use the value behind their encrypted assets to form a new and better financial system.

About DOUBE EAGLE

The DOUBLE EAGLE protocol aims to introduce a decentralized finance-based lending system into the Binance Smart Chain, so as to provide users with a faster and low-cost transaction experience, while providing users with more rich contacts and high liquidity. Opportunities for asset classes. At the same time, users can also use the collateral provided to the market to mortgage and synthesize DOE tokens.

Advantages of DOUBLE EAGLE

Flexible support of global hot assets, providing more income combinations

DOUBLE EAGLE can flexibly support major and popular digital assets around the world, including DOE, USDT, LINK, FIL, ETH, BTC, XRP, TRX, etc., and can be voted by the community to determine the types of digital assets to support, and guarantee platform products Timeliness and high yield.

The algorithm and the ledger structure are upgraded, and the gas cost is greatly reduced

DOUBLE EAGLE streamlined and optimized the four-step operation of “deposit, borrow, and return” into a two-step operation of “deposit and retrieve”. Compared with Aave and Compound, the user’s actual GAS consumption will be reduced by half. Added account health index, quantitative display of liquidation risk, to assist users in making deposit and borrowing decisions.

Technical framework upgrade, contract more secure, upgrade more flexible

DOUBLE EAGLE adopts an original off-chain audit system, which can conduct 7x24 uninterrupted audit of contract assets, protecting the security of user assets in an all-round way. At the same time, using the industry-leading safe and upgradeable system architecture, various system modules can be flexibly upgraded under the decentralized governance management system to achieve functional iteration and security updates, which greatly improves the product experience and maintainability Sex.

About Binance

Binance is the world’s leading all-round blockchain ecosystem, which aims to promote the development of global blockchains and the global free circulation of currencies. The Binance ecosystem consists of Binance Exchange (the leading global cryptocurrency exchange), Binance Labs (venture investment department and incubator), Binance Launchpad (crypto asset sales platform), Binance Academy (education portal), Binance Research Institute (industry and project analysis), Binance Charity (blockchain donation platform and non-profit organization) based on blockchain technology, Trust Wallet (Binance’s official multi-currency wallet and dApps browser), and Binance Chain (blockchain software integration initiated by the Binance community).

About BSC

Binance Chain (BC for short) was launched in April 2019 and is the first public chain in the Binance Double Public Chain project. In addition to the basic functions of token issuance, use and exchange, BC also has the characteristics of high throughput and low latency comparable to centralized systems. It is the transaction speed and good performance of Binance Dex. Guarantee of experience. Binance Smart Chain (BSC) can be regarded as a blockchain parallel to Binance Chain. At present, it mainly serves the Binance DeFi ecosystem, and it also makes Binance’s dual public chain model tend to complete.

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