June 18th, 2020 at 9:44 pm UTC · 2 min read
Standard Token Protocol (STP) Network, a decentralized platform that enables the tokenization of any asset, recently announced the launch of DeFizone, an interactive DeFi aggregator. As STP’s first major initiative into Decentralized Finance (DeFi), DeFizone is designed to give individuals exposure to a wide range of financial services. In addition, STP is allocating up to 50 million STPT in grants to DeFi projects and teams that wish to integrate with DeFizone and the STP ecosystem.
The DeFi market is quickly expanding, with a market cap exceeding $2B. In such a rapidly evolving space, changes to new and existing financial products make it difficult for the average user to understand how they work and take advantage of those which are popular and profitable. DeFizone will help to educate and guide the use of DeFi for all users, regardless of experience levels. DeFizone is set to go live in early July. Users will initially be given access to the aggregator, with additional features planned after th.e launch.
STP is also offering a 50 million STPT grant program to encourage projects to integrate with DeFizone and the STP ecosystem. Teams will not only be able to leverage the global userbase of Blockzone.com but receive funding support as well. All projects and teams working in the DeFi space will be able to apply for grants that will be evaluated based off their viability, innovativeness, and alignment with STP’s overall vision. STP holders will then be able to vote on their favorites on Blockzone.com. The grant program application can be found here .
DeFi is a system of open and permissionless interlocking financial products. Built on Ethereum, DeFi provides an overlapping network of dApps and smart contracts with a focus on financial applications such as trading, exchanging, borrowing, and derivatives.
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