dido:public:ra:xapend:xapend.a_glossary:p:protocol_layer
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dido:public:ra:xapend:xapend.a_glossary:p:protocol_layer [2021/10/04 13:40] 50.19.247.197 ↷ Links adapted because of a move operation |
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| [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | [[dido:public:ra:xapend:xapend.a_glossary:start| Return to Glossary ]] | ||
| - | **Protocol Layer**, in [[dido:public:ra:1.2_views:2_tech_views:defilayers| Decentralized Finance (DeFi)]], are the Software protocols which are standards and rules written to govern specific tasks or activities. In parallel with real-world institutions, this would be a set of principles and rules that all participants in a given industry have agreed to follow as a prerequisite to operating in the industry. DeFi protocols are interoperable, meaning they can be used by multiple entities at the same time to build a service or an app. The protocol layer provides liquidity to the DeFi ecosystem. One example of a DeFi protocol is Synthetix, a derivatives trading protocol on [[dido:public:ra:xapend:xapend.a_glossary:e:ethereum|Ethereum]]. It is used to create synthetic versions of real-world assets.(( | + | **Protocol Layer**, in [[dido:public:ra:1.2_views:2_tech_views:defilayers| Decentralized Finance (DeFi)]], are the Software protocols which are standards and rules written to govern specific tasks or activities. In parallel with real-world institutions, this would be a set of principles and rules that all participants in a given industry have agreed to follow as a prerequisite to operating in the industry. DeFi protocols are interoperable, meaning they can be used by multiple entities at the same time to build a service or an app. The protocol layer provides [[dido:public:ra:xapend:xapend.a_glossary:l:liquidity]] to the DeFi ecosystem. One example of a DeFi protocol is Synthetix, a derivatives trading protocol on [[dido:public:ra:xapend:xapend.a_glossary:e:ethereum|Ethereum]]. It is used to create synthetic versions of real-world assets.(( |
| Rakesh Sharma, | Rakesh Sharma, | ||
| Investopedia, | Investopedia, | ||
dido/public/ra/xapend/xapend.a_glossary/p/protocol_layer.1633369214.txt.gz · Last modified: 2021/10/04 13:40 by 50.19.247.197
