HUNK DEFI PROTOCOL

Hunk Defi
2 min readApr 13, 2021

--

01. Blockchain agnostic

We believe niche ecosystems like Hunk Defi are just the start to an era where many such ecosystems shall be replicated over numerous blockchain networks and Hunk Defi networks. Likewise, we may witness mushrooming of more financial and non-financial niche ecosystems for retail and enterprise users. Therefore, it is needed to adopt a flexible approach and create a system that enables interaction & exchange of digital assets between such networks easier. Hunk Defi universal protocol is designed as blockchain agnostic and Hunk Defi agnostic that can interact between various networks using appropriate mechanisms.

02. Binance Smart Chain Compatibility

Binance Smart Chain through smart contracts capability has facilitated thousands of businesses and enabled millions of users to interact and exchange. The strength of the network lies in the ecosystem it has created over a period of time. There are thousands of developers who are working tirelessly to create amazing products. It is, therefore, not possible to create anything in silos. Hunk Defi protocol is designed to be BEP20 compatible, blockchain agnostic, a multi-network universal protocol to enable exchange and interaction of digital assets.

03. Interoperability

Projects like Polkadot, Fusion, Cosmos specialized in interoperability and link siloed blockchains. These projects enable the transfer of value and data over numerous networks. Interoperability is pertinent to scale markets and bring more users. Different blockchain networks cannot operate in silos and need to interact with each other. Hunk Defi is designed in a way to interact with other protocols which enables interoperability.

04. Smart Savings involved consensus & governance

Governance delegation mechanisms empower network users and participants with more engagement and value derivation. The protocol is designed to enable smart savings at multiple levels and facilitate governance through moderated voting mechanisms. We intend to design to keep protocol interactive, participative, and one that offers convenience to developers & end-users.

05. Network security

The set of rules and configurations designed to protect the integrity, confidentiality & accessibility of the network covers a multitude of technologies, devices, and processes. It is pertinent to adopt the best possible measures to keep security utmost. Therefore, the protocol is designed as per the highest standards and thus offers a desired amount of security to enable secure transfer of value and data over numerous networks.

--

--

Hunk Defi
Hunk Defi

Written by Hunk Defi

Governance Protocol with Smart Savings Built on Binance Smart Chain

Responses (79)