Defi App。$HOME
When you see the name of this project, are you as confused as I am? We know what Defi is, and we also know what APP is.
So is the Defi app project just a simple fusion of the two?
Let us take a closer look at this project today to find out whether it is a good project.
First, let’s review the traditional DeFi projects in the past.
Defi is the abbreviation of decentralized finance. Generally, it is to expand various secondary networks on Ethereum and use these networks to provide decentralized financial services.
You can complete various bank-supported things on these Defi projects, such as: earning interest, borrowing, buying insurance, trading derivatives, trading assets, etc.
Compared with traditional banks, the main advantage of Defi is that it is faster, does not require written documents or third parties, and does not require some of the costs of traditional banks (such as office buildings, trading floors, bank employees, etc.).
Of course, it also has some characteristics of blockchain, such as globality, peer-to-peer, anonymity, and openness to everyone.
However, with the rapid development of Defi, the Ethereum chain and other public chains that provide services for Defi (SOL, SUI) have become very congested.
The gas fee of the Ethereum main chain has already risen to a terrifying level. This is also the reason why the Defi narrative in this bull market cannot continue to be popular.
Today's Defi APP project is designed to solve the pain points of previous Defi.
According to the white paper issued by their project,
Defi APP will use a unified platform to provide a native account for each user, allowing everyone to connect to the wallet and manage all assets without having to deal with complex technical issues.
No more using multiple tools or migrating assets across chains - everything you need is in one place - on this project's app.
At the same time, the Defi APP platform supports seamless connection across different blockchain networks. You can easily exchange tokens, leverage assets, or use assets for income mining, breaking the boundaries of blockchain in traditional Defi projects.
At the same time, we basically no longer have to worry about the high and varied gas fees when participating in Defi.
Defi App will bear the Gas fee, which means you don’t need to hold a specific Gas token for each chain. In my opinion, this is the most important one, eliminating the need for us to hold specific Gas tokens and greatly simplifying the need for cross-chain transactions.
At the same time, he does not need to hold various Gas tokens, which also means that we don’t have to worry about the slippage caused when converting these Gas tokens.
Simply put, what this Defi App project wants to do is to make it easier for anyone to participate in Defi, which is suitable for lazy people to retire.
As a blockchain project, it also has its own project token, $HOME , which was launched on June 10 and was listed on Binance for contract trading on the same day.
It was launched on Binance spot on June 12, and was also launched on multiple trading platforms including Coinbase, KuCoin, HTX, Gate, etc., which greatly enhanced the liquidity of the token and also indirectly demonstrated the market's recognition of the project.
From the price trend of Binance spot coins, we can also see that most people in the market are still optimistic about this project. Why?
Because for previous poor projects, once the tokens were launched, the prices would often plummet.
As for the token of this project, HOME, it cannot be said to be the best one, but it can be firmly ranked in the first tier of the value of new project tokens.
So, at this point, since Defi App ($HOME) is a super application that attempts to put "all on-chain interactions" into one entrance.
So will its project be successful and will the HOME token experience a surge in value?
It still depends on whether the APP is successful and whether it can achieve all the functions envisioned in its white paper.
So far, the APP on his official website is still in beta version and is expected to be launched in the second quarter of 2025.
From my personal experience, it has a "Home Finance" button. After you click it, you can see all the "high-yield strategy pools" and corresponding APY, lock-up period, etc. of the current full-chain L1/L2/cross-chain output. After clicking "Invest", it will automatically help you complete all steps such as asset exchange, cross-chain routing, liquidity pool pledge, LP Token pledge, etc.
For many novices, they don’t care where to find transaction pairs on the chain, nor how to get a credit wallet. What they care about is “how much can I earn by investing? How long will it take to get the return? What are the risks?”
Then this function in this application is very practical. Home Finance hides all of this in the background. This extremely simplified design is very friendly to most users who "want to make money but don't understand the chain", thereby greatly reducing the "entry friction" (learning curve + wallet operation curve + Gas fee curve).
In actual use, this project is not just a slogan.
It does this:
•Support Base/BNB/Solana and other multi-chain swaps
• Zero Gas transactions, no signatures required, no bridges required
• The UI experience is close to CEX, and core interactions and liquidity aggregation are automatically handled by the protocol
• No wallet required, just bind your phone number/email address to complete the transaction
From the user experience, it is much lighter than most DEXs, and is quite similar to their video promotion. It is an on-chain trading product that even a gray-haired grandmother can easily use.
Since this super app is only a beta version at present, when the actual version is released, the number of users will definitely surge. Can the app withstand this test?
Judging from the current user growth rate, if this Defiapp can handle millions of users at the beginning of its launch, it is very likely that more users from the secondary market will flock in, and its HOME token may usher in a real surge in the secondary market!
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