Zenchain Protocol - Blockchain with Unique Opportunities for DeFi and NFT

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The idea behind ZenChain is to provide people who are interested in cryptocurrencies and want to invest in them, free access to decentralized finance with special non-fungible tokens (NFTs). For this, a special blockchain is being developed that can solve all the necessary problems and significantly facilitate access to these services for crypto users.

ZenChain is a unique blockchain that is designed for decentralized financial applications (DeFi) and non-fungible tokens (NFTs) to provide incredibly high transaction speed, low error rates and a set of functions for financial services in the field of cryptocurrency using both fungible tokens and non-fungible. token (NFT) on the blockchain.

This special blockchain is developed based on the need to optimize interaction with DeFi and NFT, it contains in the core of the chain all the main DeFi applications: swap, lending, and insurance dapp, as well as all applications for: minting, auctions, and trading. At the same time, the developers added the ability for users to use their own NFTs as collateral in Defi to make a loan or staking in a pool to obtain additional tokens.

ZenChain solution:

• Scalable, high-throughput Blockchain with Tendermint Power
• Bridge from Etherum, Tron, Binance smart chain make cross-chain Defi and NFTs solutions.
• Decentralized pricing oracles built-in
• DeFi primitives built-in: Dex, Lending and Borrowing, token IDO, insurance.
• Non-fungible Token applications like a mint, auction, rent NFTs
• NFTs X DEFI: bring the power of NFTs to Defi ecosystem and Defi to NFTs

Scalable, high-throughput Blockchain

ZenChain is built using the Cosmos SDK based on the Tendermint Core consensus mechanism, this allows a scalable Proof-of-Stake blockchain with very high throughput and is compatible with Ethereum. Developers get all of its capabilities, while ZenChain allows Ethereum to run as a blockchain for a specific Cosmos application.

Zen Chain features:

• Web3 compatibility.
• High throughput via Tendermint Core.
• Horizontal scalability via IBC.
• Fast transaction finality.

These functions are provided through the use of the Tendermint Core's ABCI application interface, various modules in the Cosmos SDK, the geth library for code enhancements, a fully compatible Web3 RPC layer for interacting with Ethereum clients and tooling.

ZenChain Cross-chain solutions

Bridge solution. ZenBridge module allows two-way non-communication between ZenChain and Etherum, Binance SmartChnai, Polkadot, Tron ... Bridge is designed to be as easy to use as possible while still having an effective design.

IBC solution. The use of Inter-blockchain Communication protocols allows you to create a two-way connection between the ZenChain and Cosmos family blockchain.

Non-fungible Token applications

ZenChain provides a simple way to create and manage your NFTs using the blockchain and list them on the ZenChain Auction digital goods marketplace. The possibility of Rent NFT for a while is also available, this is a very convenient function since the user does not need to pay the full cost of the NFT token, but only needs to pay a low commission.

NFTs X DEFI

Using NFTs as collateral in Defi

ZenChain provides an opportunity for NFT holders to post them as collateral in lending and borrowing application, and can borrow some fungible token for any other Defi needs.

Using Defi to mint NFT-Fi

NFT-Fi is a non-fungible token with some Defi features and can be obtained by providing liquid to DEX or Lending systems. For example, NFT-Fi can be used to increase the characteristics of a hero in games and this will give advantages that other players will not have.

Examples of NFT-Fi at ZenChain:

• Fee master. Such NFT-Fi allows you to reduce the size of the commission, time to use, period, the scope of token.
• Interest King. Allows you to receive a higher commission for LP, more interest for a loan or decrease interest for a loan. Also, different Interest King tokens have different characteristics.
• Lucky Pass. Allows the creation of more new NFT-Fi tokens

Benefits of ZenChain

• Development of key applications for the DEFI and NFTs
• Providing high throughput for transactions
• High level blockchain security for ecentralized finance
• Rapidly developing dApps for decentralized finance
• Using blockchain exclusively for decentralized finance
• Reliable governance
• Highly immutable - by periodic anchoring to the blockchain

Tokenomics

ZEN token use-cases:

• Protocol governance.
• Exchange fee value capture.
• Derivative collateralization.
• Liquidity mining.
• Staking.

Partnership

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Author:

badlam

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