An Intro Into The Foundational Concepts of Decentralized Loans on DeFiChain
Our much anticipated upgrade after Eunos Paya, which will be named Fort Canning, will not only bring decentralized loans to DeFiChain, but it will also facilitate the integration of many more products and services, offering a totally new playground for DeFiChain users. Decentralized loans are without a doubt the most anticipated new implementation of the Fort Canning update. These loan mechanism have the potential to facilitate more than the conventional loans you may be familiar with. They will not only power loan issuance in US-Dollars (similar to how it would work with your local bank), but they will also form a key foundation layer in the DeFiChain decentralized tokenization of stocks. In the following article, we take a closer look into the conceptualization of decentralized loans on DeFiChain. We will start by outlining the architectural foundation on the DeFiChain blockchain underpinning the entire construct, before diving deeper into each of the integral parts needed to build t...