Considering the challenges present in the DeFi and Blockchain space, Gennix is committed to overcoming the technical shortcomings of the present network and bridge the divide between borrowers and lenders.
Established protocols on the monetary system have been able to provide and aggregate the needed liquidity on the existing market. Excessive capital on the supply side is overwhelming, leaving huge potential in a relatively untapped market with regard to DeFi lending. Demand generation needs to be addressed by providing more attractive financial options in insurance and micro-financing. Gennix also rewards users of our ecosystem for the provision of liquidity in our staking pools – with additional staking rewards generated for NFT holders, amongst other lucrative incentives.
Gennix is a DeFi lending protocol that is designed to maximize scalability, composability, and growth. The project has been created to promote end-to-end lending and borrowing of digital assets and related financial products by operating on a decentralized network. A game-changing feature that distinguishes Gennix from other DeFi projects is its development on the Binance Smart Chain (BSC) network and the offering of Non-Fungible Tokens (NFTs) with utility.
Free development and customization of current financial tools pave the way for limitless creativity and innovation. Adoption of a Proof of Reputation consensus model instill creditworthiness of all stakers securing the network, and encourage openness in order to improve our ecosystem. Non-custodial agreements permit smooth digital asset exchanges through markets and members on-chain and off-chain, whilst investors maintain custody of their funds.
Being developed on BSC, our ecosystem architecture is EVM (Ethereum Virtual Machine)-compatible, interoperable and blockchain agnostic. This grants us access to a vast amount of DeFi tools to build smart contracts and DApps (Decentralized Applications), while experiencing low transaction fees and fast transaction speeds relative to the Ethereum Mainnet.
Being blockchain agnostic is a massive advantage for Gennix as it does not constrain us to the use of a singular blockchain protocol, thus effectively “future-proofing” our DApp against unexpected developments in the blockchain space. Lastly, BSC being highly interoperable allows for smooth sharing of information and communication between different decentralized networks without the need for an intermediary. This will inevitably result in completely permissionless and decentralized systems.
The BSC network has seen dramatic growth and rapid user adoption and is well-positioned to go parabolic in the near future.
We believe this technology has the potential to be truly revolutionary, and we aim to be the entity that disrupts the borrowing and lending industry, not just in the crypto space, but in the global community.
Our mission is to inspire and enable the next generation of investors to achieve financial freedom. As a team of developers and researchers with extensive experience within the blockchain and financial industry, we strive to offer only the best and most effective solutions within the DeFi lending space for users in our community. We aim to serve, focus on efficiency and convenience, and set a new standard for security amongst incumbent crypto lending platforms.
We envision establishing Gennix as the leading platform in the borrowing and lending space by providing relevant and effective financial tools in the hands of both retail and institutional investors