SOLGEM.FINANCE: Defi Ecosystem With Web 3.0 Features Built on Solana Blockchain

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Decentralized finance, or 'DeFi', is an emerging digital financial infrastructure that eliminates traditional financial models. Most of the financial services that could be defined as DeFi can be found on the Ethereum blockchain which also acts as a platform that allows other blockchain apps to be built on it. By utilizing decentralized apps, or dApps, two or more parties can exchange, lend, borrow, and trade directly using blockchain technology and smart contracts without middlemen's involvement. While Ethereum has aided DeFi in its current growth, the current problems such as slow mainnet proof-of-work consensus, limited scalability, and high transaction fees must be resolved to grow to the next level and gain more adoption.

Defi ecosystem with highly scalable, interoperable, and secure decentralized financial products built on Solana blockchain that will make DeFi tools more accessible to the general public. Our platform offers IDO Launchpad, NFT marketplace, Lending protocol, and DEX. All of the features can be accessed by connecting a wallet on our platform.

Solana is the most performant permissionless blockchain processing up to 65 000 transactions per second. The proof of history or POH consensus, a key innovation of the Solana network, equips you with a trustworthy and credible timestamp that is encoded into the message. Compared to Ethereum's main net proof of work consensus which has design flaws such as slow transactions, limited ability to scale and high transaction fees Solana solves these problems and creates an advantage over Ethereum. Solana set’s a new standard for growth and scalability in decentralized