What is an #Oracle?
Essential to DeFi services, oracles provide ways for Web3 services to interact with real-world data, such as the price of cryptocurrency tokens! 💱
Oracles are crucial for #Ionise, keeping the protocol updated with the latest prices.
Hey #Zilfam! The Ionise platform is currently down as we deal with a small technical issue.
We apologise for any inconvenience, and would like to reassure everyone that funds are safe! 🩶
Hey #Zilfam! The Ionise platform is currently down as we deal with a small technical issue.
We apologise for any inconvenience, and would like to reassure everyone that funds are safe! 🩶
What is #MetaMask?
MetaMask is a popular cryptocurrency wallet that lets you transact tokens and use Web3 apps in your web browser.
You can use your MetaMask wallet to dive into DeFi on #Ionise!
What is #Liquidity?
Exchanges require sufficient amounts of tokens to prevent wild price fluctuations, and ensure that users can carry out transactions.
We refer to these circulating tokens as ‘Liquidity’. In DeFi users are rewarded for providing this! 💰
What is #HODL?
Traced back to a typo of 'HOLDING' on the BitcoinTalk forum (almost 10 years ago) - 'HODL' or 'HODLing' has become an inside joke among the crypto community in reference to not selling tokens.
It's also used as an acronym of 'Hold On for Dear Life'! 🎢
Proud to play our part in growing the #DeFi movement on #Zilliqa! 🚀
Want to try out the first money market protocol built on Zilliqa EVM?
Get started now at ionise.io
What are #Gas Fees? ⛽️
To reward people who process transactions and secure the network, fees are charged to users who transfer funds on the blockchain.
On #Zilliqa these are called 'Gas Fees', and they vary depending on the congestion of the network.
#BlockchainEducation
Did you know... the average transaction cost on #Ethereum reached $474 in May 2020?! 😳
The culprit: a land sale for 'Otherside' - a metaverse project by @yugalabs (the creators of Bored Ape Yacht Club and CryptoPunks).
What is #Fiat.
Did you know... the US printed $3 trillion in 2020 alone? 💰
The supply of fiat currencies is controlled directly by governments. On the other hand, most cryptocurrencies are decentralised and have a fixed supply.
#BlockchainEducation
To get started with #Ionise, you'll first need to supply your crypto to the protocol.
Take a look at our tutorial for a step-by-step guide on how to supply and withdraw assets:
medium.com/@ionise_protocol/…
What is a #DEX?
Value exchange between individuals often involves a trusted 3rd party, or 'middleman'. Blockchain technology offers us an alternative.
For now we're trading crypto... but what if all of our possessions become tokenised? 🛋️📺🏡🚗
#BlockchainEducation
Ionise lets you easily lend and borrow assets using your #EVM wallet!
Want to get started with #DeFi by borrowing $ZIL or $zUSDT?
Check out our tutorial on how to borrow and repay assets on Ionise:
medium.com/@ionise_protocol/…
What is #Collateral?
When you offer assets to a lender to secure your loan, they act as collateral.
If you can't repay your loan with the required interest, you forfeit your collateral to the lender instead.
In #DeFi, these assets are secured in smart contracts.
#Blockchain
Ionise is officially live on Zilliqa, allowing users to lend and borrow assets using popular wallets like #MetaMask.
@Ionise_protocol is the first decentralised money market protocol built on Zilliqa EVM, marking a new era for #DeFi on #Zilliqa.
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