Second Round of iob.fi DAO has started on LATOKEN!
Project Name (Token Abbr.): iob.fi DAO (FI)
Token type: Governance Token
Current price: 1 FI = 6.21 ETH / Total Token Supply: 10,000
Official site: https://iob.fi/
Telegram Group link: https://t.me/iob_fi
Buy $25 in FI, win $100 USDT! https://iob.fi
iob.fi DAO is a DAO-governed, non-custodial, and on-chain DeFi hedged pool manager. iob.fi DAO enables both retail investors and institutional traders the opportunity to invest in all asset classes including cryptos, stocks, commodities, and indices in one place with just a Web3 wallet without border or fiat currency restriction.
Going beyond the food names, yield farming and indexing on DeFi, iob.fi DAO enables professional-grade trading systems (blackbox high-frequency trading (HFT), algo and quant trading) to be compatible with DeFi platforms by leveraging Prodefy’s smart contract-native order interaction system build on our Web3 layer, a breakthrough that ushers in the next generation of crypto trading.
Despite its chaotic start with near-identical project names and endless forks, plus the ongoing, almost-weekly malicious exploits, DeFi is here to stay as it has some clear advantages over the traditional finance: Secure, robust and permissionless. In the near future, when people talk about DeFi, it will not be about farming, mining, loans and food-sounding themes. It will be about trading for real, sustainable and consistent returns.
However, trading on DeFi platforms is akin to trading stocks in the 80’s and 90’s in the last century. You were paying full commission and called your order in by phone, never knowing the precise price and time of your order could be filled. For that reason, DeFi trading has not really started yet as the infrastructure is not ready. People do not even call it trading, rather using some more fashionable terms such as pools and swaps.
Without a comprehensive plan, most DeFi players today do not even care about an integral trading solution. When I spoke to several today’s top DeFi projects, their people did not know what Financial Information eXchange (FIX) protocol was, nor did they care. It is as if a new electric car maker touts how great their breakthrough battery technology feathers are but does not care about what types of roads and tires they will be running on.
Until the bridge between DeFi and the mainstream (traditional) financial world is established, DeFi remains an experimental playground participated only by amateurs. Therefore, it is easy to be exploited and thousands of people have lost tens of millions to simple hacks.
The long-term benefits of DeFi will be realized in new infrastructure that fulfills the goals of decentralized finance to bring secure, permissionless, cheap, instantaneous large financial transactions with minimum or no slippage.
Iob.fi DAO is on track to deliver a suite of tools that traditional high-performance trading systems leverage to interact with Web3 enabled DeFi platforms.
