08/05/2022
What if money were beautiful?
The Most Anticipated Project on Celo Network - Entropyfi just lunched
Now Lossless DeFi will be opened for the people of
Celo Network.
low carbon footprint.
It is no longer news that
Entropyfi
is Deploying on Celo Network ! Fulfilling it’s promise to bringing Lossless DeFi to More earth 🌎 friendly Blockchain ecosystems.
The Celo deployment is part of the Entropyfi Dev Team's commitment to their Multichain strategy.
They are leveraging their experience in DeFi, and are making risk management financial tools in one of the most accessible & open ecosystems out there —
Celo
Network .
What Is Celo Network?
For those of you unfamiliar with Celo Network, Celo is a layer 1 protocol and blockchain platform, and the Celo Mainnet is entirely separate from the Ethereum network.
While the Celo client originated as a fork of Ethereum Go language client, go-ethereum (or geth), it has several significant differences, including a proof-of-stake based PBFT consensus mechanism (Low Carbon footprint) .
it’s one of the first well-structured platform acting as a global payment infrastructure for cryptocurrencies that aims to target mobile users. To this end, Celo’s goal is for financial activity to be accessible to anyone globally thanks to its ability for payments to be sent to and from any phone number in the world.
Low fees, fast transactions, a secure chain, these are some of the key defferentiators in Celo.
Low fees open up an opportunity for people from all around the crypto space to freely move into the ecosystem, into various aspects of Decentralised Finance.
entropyfi is a multichain protocol
Before now Entropyfi is deployed on the Ethereum and Polygon Blockchain. This strategic move is to make available Risk management tools to everyone no matter what blockchain you are interacting from.
Entropyfi offers something that hasn’t been properly explored in the DeFi space –
A risk-free Derivatives market that offers No loss or No Liquidation prediction Mechanics.
Deployment Date
Entropyfi’s Deployment Date on the Celo network has not been decided yet.
Update will be provided on their discord Server and Twitter page when it’s available.
Deployment process is currently in the last Phase, I expect the launch to be pretty soon,So look out for that.
About Entropyfi
Entropyfi is a Lossless Derivatives platform, A risk management protocol currently deployed on the ethereum and Polygon network and soon to be deployed on the Celo network. A deep Dive into Entropyfi, its products and features can be found