The Next Generation Revolution is EIFI Finance Protocol.
Dear EIFI Finance Community,
We have started the next step to the future making platform, which can measure the present, and we are going to launch the next generation revolutions with EIFI Finance, which can fortunate to participate you in a great practice of reconstructing trading scenarios. As the first AMM DEX EIFI support using transaction fees for token repurchase and burn, EIFI FInance has always insisted on achieving the ultimate in product. We believe the market and users will naturally give fair judgments.
As per the prediction in next few months, the transaction volume of EIFI token will be more than $3 billion Plus. The cumulative amount of the rest of the DEX, and EIFI Finance will be on the top 1 in the CoinMarketCap and CoinGecko DEX rankings very soon. So far, it will take only 150 days for the cumulative transaction volume to exceed $5 billion for EIFI, while 840 days for UniSwap. The transaction fee subsidy for users with more than $310 million makes it the lowest transaction fee trading platform. Cumulative LP rewards are $210 million and the LP yield rate is the highest in the entire network.
Taking about the trading as the starting point of EIFI platform, but our vision is to create a composite DeFi ecosystem that integrates DEX, IDO, NFT and DAO. In order to provide services to more ecological users and provide the best quality trading experience, EIFI will continue to upgrade and iterate to unlock new development routes. In every quarter and EIFI will gradually realize the following four functions in near future.
1. Multi-chain deployment
Gradually support public chains such as ETH (Layer 2 ), Binance Smart chain (BSC) to realize asset interoperability and create a full ecological DEX.
2. Asset cross-chain development
Build a cross-chain agreement to realize one-step asset switching for users.
3. Order book
Provide a more convenient and richer pending order strategy, and users can enjoy trading experience like CEX.
4. IDO
Provide project parties with transparent, open and customizable financing services.
EIFI will create a new business ecosystem with full-scene coverage, full-ecological deployment, and full-chain connectivity. It will continue to expand application scenarios, lower the threshold and provide global users with more convenient, high-performance, low-cost, and undifferentiated financial services. Ultimately realize fair pricing of assets, instant settlement of transactions, and free flow of value.
Why cross-chain deployment needed?
In the future of blockchain world, there are many public chains, many kinds of assets, as well as many Dapps. Different Dapps are built on different public chains and cannot interact smoothly with each other, and the assets on the chain cannot be migrated to other chains. The value exchange is just beyond reach. This is why cross-chain is so important.
There has always been a saying that interconnection is to transmit information, but the interconnection in the blockchain is transmitting value. Value in blockchain can flow across different chains only after a cross-chain is built. Cross-chain is very important to the blockchain field, and even more so for EIFI.
What will EIFI be like with multi-chain deployment?
In the near future, EIFI will directly connect to the BSC, and Ethereum Layer 2 network.
EIFI Eco-Chain is an excellent public chain (or Ethereum side chain) system. EIFI ecology, resources, technology, and traffic are fully integrated with EIFI, which is also one of the important reasons for EIFI’s rapid development. What if EIFI is connected to other public chains? What kind of chemical reaction will we see?
Even after the recent price turbulence of ETH, and the ensuing decrease of the lock-up volume, the volume is still US$ 41 billion, which is more than 6 times the TVL on the chain. Let alone the other largest exchanges, Binance. The ecological resources connected with BSC can also be treated in the same way as the DeFi ecosystem.
We make the following speculations about EIFI’s performance after its cross-chain deployment:
1. The number of users and transaction volume of EIFI Finance will be greatly expanded;
2. The EIFI Finance experience will be better, because a AMM DEX in direct connection with all mainstream DeFi ecosystems, will bring more convenience to users.
3. There will be more profit opportunities for projects on EIFI Finance . In the past, there were already many quality projects so excellent teams may have already started the deployment on other public chains. They thus are reluctant to or the conditions don’t allow them to migrate to BSC. If EIFI Finance successfully deploys cross-chain, it can be used for the exchange of relevant underlying assets.
4. More DeFi mining opportunities will appear on EIFI Finance, especially more opportunities for retail investors;
5. Admission of large funds. Many big investors and large institutions, due to their own preferences or agreements with relevant partners, cannot move to different public chains for mining at will. With multi-chain deployed, EIFI will attract large funds in the new public chain ecology with its smooth user experience and profitability;
6. The value of EIFI may be further enhanced;
7. EIFI is likely to become the new leading AMM DEX. Even if it is not possible in the short term, it will eventually have an impact on the existing Uniswap and Sushiswap, forcing them to improve user experience and profitability. This is beneficial to the development of the entire DeFi field.
There are also risks lying ahead. For example, transaction mining might not be performed normally on the ETH Mainnet, because the gas fee of the Ethereum main net is too high. EIFI Finance team should try to coordinate with different public chains to interconnect both technologies and resources. A constantly delayed cross-chain deployment will surely compromise users’ confidence. But if the coordination goes smooth, it is very likely that the entire scale of EIFI will be expanded by 3–5 times or even more than 10 times. This requires the EIFI team to execute the plan step by step.
Summary-
As We are planning to Build EIFI fastest-growing AMM DEXs in 2022, EIFI started from July 2021 and it will connect with multiple other public chains in the next few more months to find a broader future. This has positive significance for users who use EIFI and for the sound development of the DeFi field as well. If EIFI successfully achieves the interconnection of different ecosystems, its platform value will be further enhanced, and it may become a new leader in the AMM DEX field.
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