The second round of the Polkadot Ecological Parachain Slot Auction will be launched on December 23, 2021 as planned. Investors from all over the world will participate in the competition to pledge DOT to support what they think is the most promising slot auction successful projects. As a staunch supporter of the Polkadot ecology, DFG will naturally not be absent, and will contribute its DOTs to support projects invested by its Polkadot Ecological Fund, helping various project parties to participate in the first batch of 6 projects in this round. Win a seat in the card slot. In the previous first round of card slot auctions, Acala and Astar, DFG's investment projects, successfully won the first and third place respectively.
On the eve of the official start of the second round of card slot auction, DFG announced that its investment in Composable Finance participated in the second round of Polkadot parachain card slot auction crowd-loan activities contributed 200,000 DOT, once again proved its firmness with practical actions Unswervingly support the belief of Polkadot ecological cooperation projects, and spare no effort to help DFG participate in the investment projects to obtain as many card slot positions as possible. DFG hopes to continue to fully apply these advanced technologies of Polkadot, Web3, and the entire blockchain, so as to provide the world with underlying solutions that can promote paradigm shifts and disruptive ideas.
Participating in the card slot auction project Composable Finance this time, is inspiring to become the top DeFi project in the Polkadot ecosystem. With the technical support provided by Polkadot’s ecological infrastructure, the project will develop more creative solutions to enable DeFi is more accessible to the majority of users. Composable Finance follows the essence of decentralization, and cooperates with many excellent projects at the same time, rather than being limited to pure industry competition, the purpose is to join hands with various project parties and investors in the ecology to complete value realization.
OxBrainjar, Head of Product at Composable Finance, shared some of his thoughts on the importance of the solutions offered by the project:
“The cross-chain interoperability mentioned in DeFi is not just a single, limited concept, and it cannot be solved immediately by simply building a cross-chain bridge. This is a common misconception, However, many current projects are obsessed with trying to solve the lack of interoperability in this field. On the contrary, Composable Finance is committed to conceptualizing cross-chain interoperability, starting from the most basic cross-chain transactions, and expanding to detached A coherent set of behaviors within the blockchain framework itself."
The founder and CEO of DFG, James Wo, shared his views on why he continuously provided financial support for Composable Finance to participate in this card slot auction and why he appreciates the solutions provided by Composable Finance:
"In recent years, the entire industry has witnessed the amazing development of the DeFi track. However, although the growth rate of this track in a short period of time is impressive enough, as practitioners, we firmly believe that the DeFi field is still There is a huge potential, waiting for people to tap.
In close cooperation with 0xBrainjar and the entire Composable Finance team, we have a new understanding of the development direction of the DeFi track: Composable Finance proposes a cross-chain interactive ecological environment between different blockchains The idea will fundamentally have an extremely far-reaching impact on the future development of the entire DeFi. Therefore, DFG has enough confidence in the potential of Composable Finance and the huge value it will bring.
In addition, DFG adheres to its firm belief in the Polkadot ecology, and will definitely provide all the necessary support to the various cooperation projects it participates in in the card slot auction to help them succeed. "
