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/biz/ - Business & Finance

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21767721 No.21767721 [Reply] [Original]

XRP is doing DEFI

>> No.21767743

tell me more

>> No.21767763

>>21767721
how?

>> No.21767776

yes, the decentralized exchange from your wallet to Jed‘s

>> No.21767795

>>21767763
integrating smart contracts

>> No.21767797

>>21767776
oh dat's cold mane

>> No.21767937

>>21767776
Based

>> No.21768001

>>21767776
schizobros... we got too cocky...

>> No.21768402
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21768402

>>21767776
FATALITY

>> No.21768448

>>21768402
saw that movie yesterday, you think elon would hide the alien tech on mars?

>> No.21768460

>>21767721
IYKYK

>> No.21768607
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21768607

The Basics of Flare:

You have two different agents. One wants a loan, the other is the one who wants dividends on what he loans. We will call them loanee and loaner.

The Loanee stakes XRP + loan fee as collateral to the flare network, and the loaner stakes his spark as collateral. This creates FXRP, which is loaned to the loanee. This way if either party backs out, the other party doesn't lose anything. The FXRP can then be used in smart contracts. The benefits are that the loanee gets liquidity and the loaner gets dividends from the loan fee.

That's the base system for the creation of FXRP. It's going to be used for foreign exchange, mortgages, loans, options, etc.

Its also going to be completely interoperable with all digital assets, and you will be able to code in any language for the smart contracts.

and its going to have all the benefits of XRP since its a utility fork, namely the 4 second transaction times, microcent transaction fees, and scalability.

And its not proof of work or proof of stake since its a turing-complete federated byzantine agreement network.

>> No.21768683
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21768683

>>21768607
Along with this they are going to be releasing 100+ oracles

oracles.cloud

It seems to me that XRP and flare solves the oracle problem through the use of federated byzantine agreements. It also seems to me that the oracle problem is a problem associated with ethereum and not smart contracts themselves.

You can't currently stake or become a node operator with chainlink, therefore making it centralized to whoever sergey on-boards

The release of flare will effectively kill ethereum and 99% of all shitcoins out there, including chainlink.

>> No.21768830
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21768830

>>21768683
this

>> No.21768950

>>21768683
I swear I’ve seen this exact post before yesterday