How DeFi Works

Repost From Reddit

Golff is a One-Stop Services Encrypted Bank, and its products are mainly DeFi aggregator platforms, to Create a Light, Open and Free Financial World. Since the project on the exchange, it has aroused much discussion and attention from users.

According to the latest news disclosed by the Golff team, Golff will focus on developing three sectors: Aggregate Lending, Vault2.0 and the Gas Tokens.

Golff’s one-click aggregated lending service will continue to aggregate current mainstream DeFi lending platforms, such as MakerDAO, Compound, AAVE, dYdX, etc. This will greatly expand the underlying assets that can be used for lending, enhance the user’s asset liquidity, and also optimize the best interest rate, reducing the user’s borrowing cost. It is expected to be officially launched in mid-February.

Golff will use the Gas Tokens chain fee replacement to solve the Ethereum’s high-rate issue, significantly reducing fees and lowering the barriers to user participation. This model is very beneficial to chain arbitrageurs and bulk traders who originally had excessive gas costs.

Golff Vault 2.0 supports multi-currency participation and supports more strategies for Golff Vault V2 to switch. As long as users deposit assets with one click, they can obtain the optimal returns. This means that the Vault has enhanced the “strike range” and supports the aggregation of more DeFi products.

Golff community volunteers initiated a vote on the improved version of the Vault to supported the products on the Huobi public chain Heco, and diversified the ecosystem. It is expected that Golff will support both Ethereum and Huobi Heco at the same time. In this way, the huge user base of Huobi can be a diversion for Golff.

The most important thing for any project is the value of its tokens and the potential for future growth. GOF is a native functional token of Golff. GOF holders have the right to participate in governance while also sharing platform profits. In addition, holding GOF can also participate in liquidity mining in the Golff system. From the perspective of GOF itself, whether you want to dig GDAO to participate in governance or Vault revenue, GOF is the core.

In the second outbreak of DeFi recently, the DeFi currency continues to pump new highs. So users can keep paying attention to YFI and GOF, especially compared to the YFI that has skyrocketed, GOF has more potential to rise.