DiBi Global announces development stage of blockchain DeFi project

By Edil Corneille

Today, DiBi Global exchange, a digital currency trading platform, announced that the DBLend (Version 1.0 ) development phase has officially been launched. DBLend is a digital currency lending platform which centred around the usage of DeFi (Decentralized Financial) smart contract based on blockchain technology as a trusted intermediary in facilitating the growth of the global lending marketplace.

Maggie, the Co-Founder of DBLend’s Chinese Community said, “As blockchain technology and DeFi (Decentralized Financial) applications become more and more mature, It is likely that DeFi will change the entire financial system in the near future. As early as 2019, DiBi Global has been laying out its own DeFi ecosystem…”

Maggie further stated that as the first and most important DeFi application of DiBi Global, DBLend project has been widely concerned as soon as it was launched. That’s because of DBLend’s decentralized mining mechanism and users’ multiple ways of making profits. All features are based on smart contracts on the blockchain.

Through the smart contract in blockchain technology, trust and consensus can be well established. In addition, smart contract technology automates the movement of funds and tokens, amplifying the provision of liquidity to digital currency market participants.

According to a whitepaper, lenders and borrowers in DBLend platform are matched automatically through the smart contract (Ethereum-based protocol), eradicating the need for third parties. It’s loaning feature plays it safe for borrowers by allowing only up to 70 percent of the collateral’s worth, rather than the entire 100 percent, thereby minimizing risks. In addition, users have multiple investment options with high-profit on the DBLend platform, such as DBL (DBLend token) mining, providing DBL liquidity for the interest pool, mainstream token lending, mainstream token lending, etc.

“I think DeFi will change from serving the financial industry to changing the entire financial system. Today, I am so glad that DiBi Global officially launched the development of DBLend platform 1.0 which I believe will be released soon,” Maggie added.