Bridging the gap for DeFi on Empire’s Cross-Chain Network
The future is cross-chain, and TrustDe is basing itself at a new growth hub that positions us at the centre of the action. This is a leap, but someone needs to make it and we’ve got the team and the community for the job.
Decentralized finance (DeFi) has been one of the most exciting areas of growth in the crypto space over the past few years. With its ability to provide users with greater access to financial tools and services, DeFi has the potential to revolutionize the way we think about traditional finance.
However, the complexity of the DeFi space can be daunting, especially for newcomers. This is where TrustDe comes in. Since its inception, TrustDe has been focused on simplifying DeFi and making it accessible to everyone. With its move to the Empire Network, TrustDe is taking things to the next level, offering users an even more streamlined and user-friendly experience.
In this article, we’ll explore the benefits of TrustDe and the Empire Network, helping us to support better growth opportunities for our users, our partners and the future investors entering DeFi.
Chapter 1: TrustDe: Simplifying DeFi
TrustDe is a blockchain project that was created to make DeFi accessible to everyone. The TrustDe team recognized that while DeFi was an exciting and innovative space, it was also complex and difficult to navigate. They set out to change this by creating a platform that could provide users with a simpler and more intuitive DeFi experience.
One of the key ways that TrustDe has accomplished this is through its focus on providing low-cost solutions for users and projects. Gas fees are a common pain point for DeFi users, as they can be expensive and unpredictable. During the bear market of 2022, our team realised that reducing costs and providing support for growing utility projects was essential. Having $1+ per transaction on the 1000’s of transactions every month adds up quickly. That’s money that doesn’t go to the user or the project, both who deserve to be rewarded.
It also brings on the case that operating on more sensible financial strategies, such as regular daily/weekly investments, regular compounding and ease of trading major tokens for low cost in a decentralised environment. For the future of DeFi, we believe these key elements should be at the forefront of what we build for our users. A way for them to generate better financial decisions, by owning their assets, and having the tools to take navigate the global ecosystem of decentralised finance.
TrustDe has also worked closely with its partners on the Binance Smart Chain (BSC) to create new innovations that make DeFi more user-friendly. These partnerships have allowed TrustDe to expand its operations and provide users with new tools and services that simplify DeFi even further. We will be releasing a suite of services and partnership opportunities that will help transition utility projects into our cross-chain environment, as well as expanding our operations to support projects across all major chains, starting immediately with Ethereum, Polygon and Empire Network.
Chapter 2: The Empire Network: A New Era of DeFi
The Empire Network is a Layer 1 blockchain that is designed to provide users with lightning-fast transaction speeds and low transaction fees. It features a proprietary fiat on-ramp, which allows new users to easily convert their fiat currency into crypto and start participating in DeFi.
Roundable is a new Fintech solution that bridges CeFi/DeFi with a regulated on-ramping service that connects directly to your DeFi wallet. Roundable introduces novel ways for users to save, offering Round-Up crypto savings, where every transaction of your every day spending from your bank account, will net you savings in your favourite DeFi tokens.
As a regulated on-ramping service, users can sign-up and continue to spend, save and top-up their accounts without the hassle and worry of navigating DeFi. This even allows direct management of taxable DeFi tokens, meaning that users and projects will no longer have to rely on Centralised Exchanges (CEX).
This unlocks unparalleled growth in the DeFi sector, proving a method for mainstream users a direct route to move fiat across the blockchain seamlessly, while allowing projects to maintain strong tokenomics which aren’t manipulated by the need to adapt for CEX policies.
Click here more info on Roundable
With block times of less than 3 seconds and transaction fees of less than a fraction of a cent, the Empire Network provides a foundation for creating new and innovative DeFi tools and services. It offers users a level of speed and efficiency that simply isn’t possible on higher-cost chains.
One of the most exciting aspects of the Empire Network is its ability to support cross-chain bridging and swapping. The network is supported with battle-tested infrastructure built by Empire Capital (ECC). ECC host development and Infrastructure-As-A-Service across most major chains, and have built, audited and tested their systems over the past 2 years.
The team at Empire Capital have designed a range of world first value offerings that will redefine how projects approach DeFi. The team has pioneered and developed on concepts such as Cross-Chain Reflections, “Weaponized Liquidity” along a host of other cross-chain and web3 infrastructure. Empire Capital Limited is a registered company in New Zealand and work closely with the Sanem Digital & Roundable teams to operate with best practices for developing a secure DeFi future for all.
Click here for more on Empire Capital
With our move to Empire Network, users and projects can transact seamlessly. All of the savings from the gas goes directly back to developing projects, and more importantly the users. This means that everyone can earn more and pay less in gas fees, making DeFi more accessible to a wider range of use-cases.
Click here for more info on Empire Network
What does this mean for TrustDe?
We will be providing the building blocks for our users and utility partners to participate in a new era of DeFi, where cross-chain interoperability is at the forefront of our projects growth. With the lowest gas fees across the major chains, our users and partners will not only save money, but they’ll also gain access to be rewarded on one of the most ambitious Layer 1 Blockchain projects of 2023. Combining the
This means that TrustDe users can easily trade across all the biggest chains seamlessly for the lowest cost.
Our users will have the opportunity to support projects across multiple chains via TrustDe’s native token TD. TD offers users a way to gain access to our network of partners, providing liquidity and support for the entire network.
TrustDe will implement more governance opportunities to operate the cross-chain treasury, along with providing ways for our community to push proposals for upgrades and expansion opportunities. Our ecosystem will also be providing users with simple ways to get rewarded for long-term contribution to their favourite projects. Farms for supported major tokens will be available in the upcoming platform rollout, so users can have new ways to secure the platform and their favourite projects.
This is only the beginning for the evolution of TrustDe. Our vision is not phased by a bull or a bear market, it’s about supporting innovation that will change the way we live and work. Our community will make a major contribution to this future, by providing the foundations for the next generation of investors to journey into DeFi. Together with our wide range of partners, we are unlock the potential of blockchain interoperability
We strive to build solutions for our users and partners that can enable users to take control of their future in DeFi.
Join us in our cross-chain journey to unite users across the blockchain with their favourite projects.
For more info on TrustDe, visit our Telegram, Discord or Website
Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute financial advice. The content presented is based on the author’s personal opinions and research, and it is subject to change without notice. Before making any investment decision, readers are advised to conduct their own research and consult with a licensed financial advisor. The author shall not be held liable for any losses or damages related to the information provided in this article.
