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In her speech, Zhao Lei, the business director of Heco, introduced the development status of DeFi, the relationship between DeFi and CeFi, the development status of Heco, and the opportunities brought by the exchange public chain to developers.

Zhao Lei, head of business at Heco, said: DeFi has become a mainstream trend, and the development trend is irreversible. The exchange public chain is a chain that acts as a bridge connecting CeFi and DeFi. As a decentralized, high-efficiency and energy-saving public chain fully compatible with EVM (virtual machine), Heco has developed rapidly in a short period of time and will bring many new opportunities to developers.

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Why did the exchange start the public chain road?

DeFi has become a mainstream trend, and the development trend is difficult to reverse. This trend is manifested in the following aspects:

• The volume of DeFi continues to expand. The total locked-up volume (TVL) of DeFi has exceeded 50 billion US dollars, an increase of 6400% over the same period last year; unicorn projects continue to emerge, Uniswap and Chainlink have entered the top ten in market value, and 11 projects have entered the top 50 in market value.

• Products on DeFi are becoming more and more mature. Basic projects are becoming more mature and their usability is constantly improving, represented by Uniswap V3, Compound, etc.; more complex products continue to emerge, converging to the traditional financial world, representative products are: interest rate derivatives, option contracts, synthetic assets, etc.

• User acceptance has improved significantly. In January 2021, the total trading volume of Ethereum DEX exceeded 60 billion US dollars, more than 20 times that of the whole year of 2019. By the end of 2020, the total number of DeFi users has exceeded 1 million.

What are the characteristics of CeFi and DeFi? What role does the exchange public chain play between CeFi and DeFi? What are the unique advantages of the exchange public chain?

The goals of CeFi and DeFi are the same, but the realization paths are different. The essence of CeFi users is to trust professional financial institutions that provide services according to standards, as well as the practitioners who make up this institution. The essence of DeFi users is to trust the code written and executed automatically by professional programmers, but the code is also written by humans. DeFi convinces people through automatic and precise code execution, and CeFi convinces people through institutional standards and financial experience.

The exchange public chain is a chain that acts as a bridge connecting CeFi and DeFi. The exchange public chain has the following characteristics:

1. The advantages of both centralization and decentralization;

2. A certain degree of financial and security guarantee;

3. Multi-scenario application of platform currency and other assets;

4. Low gas fee and high performance.

Heco is a decentralized energy-efficient public chain fully compatible with EVM (virtual machine), which can provide developers with an efficient and low-cost on-chain environment to run decentralized smart contract applications (DApps) and store digital assets.

According to data from Hecochain.com, as of April 26, 2021, the HECO mainnet has been in operation for 146 days. For developers, HECO has the following features:

• An open and decentralized network to maintain the security of the network and assets;

• Support the programmability of EVM, the compatibility of smart contracts, and reduce the cost of development and maintenance;

• Meta-transaction function, fee reduction and exemption, further reducing the on-chain costs of developers and users;

• HPoS consensus mechanism, 3 seconds to generate blocks, speed up consensus;

• Cross-chain asset transfer, optimize asset cross-chain experience.

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The opportunities brought by the exchange public chain to developers

There are four main opportunities that the Heco public chain brings to developers:

Opportunity One: The Creator's Plan.The second phase of the Creator Project has just ended, and more tracks will be opened later. In the entire creator plan, we can provide developers with strong support mainly including the following parts:

1. The title of Gold Creator, which is Heco's recognition of the award-winning projects of Gold Creator;

2. Through Heco's recommended listing channel to more exchanges;

3. Can obtain the investment opportunity of Heco ecological fund;

4. You can get liquidity support of up to 100,000 US dollars from the Huobi mining pool.

5. Access to Heco global marketing resource support.

Opportunity 2: One coin with multiple chains is a usage scenario where one coin has multiple chains.Develop and deploy ecological projects in Heco, add new application scenarios to the original project, and enhance the project's valuation space and subject matter concept. Currency users, reducing the circulation of Token.

Opportunity 3: Hackathon.We have been in operation for a while, and the current total fund pool is more than 300,000 US dollars. In mid-May, the first round of the hackathon will end. Developers are welcome to actively participate in the hackathon. We will screen out the winning top developers Carry out all-round ecological support.

Opportunity 4: DeFi Demo Day.This event is held once a week or two, and they will be packaged into different Demo Day content according to the number of high-quality projects and different tracks. Become an audience of Demo Day, give them a presentation on the project, and allow users with higher net worth to integrate into the project together.

Heco's resource service package includes a list of exchange security audit institutions and wallets, providing you with a full range of ecological resource services from level 1 to level 2. In terms of audit institutions, we have formed an alliance to provide security guarantees for the contracts made by each developer.

Finally, from the perspective of the exchange public chain, Heco brings opportunities to investors. First of all, I have to mention HT. HT is the underlying token of Heco, and it has been used as Heco's handling fee to generate various transaction scenarios. In addition, HT is the only certificate for node election, and has a wide range of usage scenarios. In addition to nodes and handling fees, the usage scenarios will bring continuous empowerment to users. HT will allow users to enjoy a minimum 10% discount on handling fees through holding positions on the chain. The APY single currency pool stable currency on the Heco chain is 30-40%, and the mainstream currency is 20-30%. HT can currently reach an annualized income level of about 100%. In the dual currency pool, the annualized rate of return is very high, about 600-4000%, which also provides more choices for users on the chain.