HBS Shall Resolve Scalability Issue

While the concept of DeFi itself does not limit the platform on which the services are operated, most DeFi services are now being provisioned on the Ethereum network, due to its dominance. Nonetheless, the rapid expansion of DeFi has posed a serious stress on the network’s capacity. Transaction fee and network latency are at their highest. With DeFi proliferation in the horizon, addressing scalability issues is a dire necessity.While layer 2 scaling proposals have already been deployed, much improvement remains needed.

We seek to develop and provision DeFi services on high-performance blockchain systems besides Ethereum. On the one hand, this will address the scalability issues of Ethereum-based DeFi services. On the other hand, it further diversifies the DeFi ecosystem as a whole, which is in and of itself an embodiment of the decentralisation concept.