Review on Tellor by onur bln
Tellor
DeFi is an open finance where you can borrow or lend assets with ETH holders or the local currency of a smart contract's platform, for example, the stablecoin of Cosos (ATOM). DeFi has revolutionized traditional finance, and Ethereum is the foundation of this gratifying innovation.
However, DeFi is not a specific area; it covers everything — including stock markets and lending practices. For example, $ 900 million worth of ETH is currently locked in DeFi applications.
The most popular platform is MAkerDAO, where borrowers provide ETH as collateral and receive stablecoin DAIs. Meanwhile, lenders can earn with interest rates.
However, DeFi is a useful, reliable and always-controlled; it can trigger smart contracts running DeFi applications; portals that transmit off-chain information, ie oracles, cannot work.
The thing is, Ethereum and similar platforms require a reliable oracle for valuations, contracts, and dispute resolution. DeFi developers need to solve the "oracle problem" before there are any further advances.
This is vital because if secure oracles that provide stable data feeds are compromised, DeFi crashes.
Otherwise; The closed loop, self-contained nature of ordinary smart contracts does not allow the full use of certain defi implementations that may require external data to be activated.
It is Tellor who provides the solution to this. It is an Ethereum-based, decentralized and secure oracle for DeFi dApps. Tellor is an easy and applicable solution where DeFi dApps can receive high-value data for smart contracts.
Pros
- Awards and Loyalty Points
- The stock market that offers repeat staking opportunities for those who missed it before.
- cash back 2% of what they spend
- Cheap
Cons
- low value
New products
Comments (1)
October 28, 2020
The fact that TRB coin was among the DeFi tokens that became popular cryptos after the DeFi explosion was enough for TRB to attract the attention of investors. TRB coin, which gained more popularity with its increasing price after important stock market listings, seems to continue to progress by gaining power in the platform behind it.
