Volley is a one-stop-shop for decentralized finance, cross-chain swaps, staking, earning

Understanding DeFi: Layer 2 explained

If you follow DeFi closely, you’ve probably come across the term “Layer 2”. Crypto natives often talk about blockchains in terms of “Layer 1” and “Layer 2”, but to understand what they mean, it’s worth explaining from the base point. Blockchains like Bitcoin and Ethereum are often described as “Layer 1” chains because they settle every transaction on their network. Layer 2, meanwhile, is the framework that gets built on top of the blockchain. Layer 2 solutions have an important role to play in improving scaling. We’ve spent a lot of time researching them in regards to our own offering, and we’re closely linked with Layer 2 projects like Polygon (formerly known as Matic). For our latest Understanding DeFi guide, we wanted to detail how they work for the community, along with some examples of the solutions that are being developed today.

What is Layer 2?

Ethereum has created a financial system unlike anything the world has seen before, but it suffers from some well-documented problems.

Ethereum in its current iteration processes around 15 transactions per second. This has caused a number of issues: the network often gets congested, sometimes pushing gas fees to extreme highs.

Blockchains should be scalable, secure and decentralised. While there are ways of improving transaction speeds by using more powerful nodes

What is VOLLEY Token?

Volley is a one-stop-shop for decentralized finance, cross-chain swaps, staking, earning, and yield farming on the Ethereum Blockchain. Volley creates a DeFi ecosystem to make DeFi items more available to users around the world. The Volley token protocol will build decentralized exchanges, lending protocols, on-chain governance, and many more functionalities to create a holistic ecosystem.

Volley DeFi- Services Platform Features:

Swap:
Users can swap ERC-20 tokens with other tokens easily without needing KYC or registration. Volley-DeFi only charges a low fee for each user transaction.

Liquidity Pool:
Volley-DeFi platform works by utilizing a liquidity pool provided by liquidity providers which is secured by a smart-contract system.

Staking:
Each liquidity provider will get LP tokens as a reward for their contribution. These liquidity providers can redeem their LP tokens or stake their tokens and get VOY Tokens with a high-profit rate. Voy token holders, or others can join this staking program.

If users want to maximize their profit on Volley-DeFi platform, then they can lend their assets to the liquidity pool, and start collecting fees. No need to worry about demand, this is a protocol that can automatically set and balance values depending on how many requests there are. There’s no need to worry about security or corporate intervention or anything else because it’s a decentralized system that doesn’t allow intervention or requires KYC to make transactions — everything is decentralized and secure.

USER-ORIENTED LIQUIDITY PROTOCOL

The first feature of the broader Volley-DeFi liquidity ecosystem is that the users are empowered to be at the leadership helms. This is more of a decentralized structure than what we have had on other liquidity protocols. As a user or Farming Stake Liquidity Pool (LP), you will be allowed to act as a one-stop-shop for all types of transactions within the ecosystem, including coordinating the selling and buying of crypto assets.

Volley-DeFi platform is an open-source blockchain project on Ethereum, which will be dedicated to connecting talented developers and their target community members through its platform. Outsourced and freelance work, we realized the necessity for a united platform allowing people with talent to join forces through a structured eco-system. Thus, we created Volley-DeFi, a unique Blockchain Launchpad enabling business founders, freelancers and developers to collaborate, grow and achieve their full potential. Volley-DeFi platform is my way to make the world a better place. A sharing environment where business founders, developers and investors from all over the world elevate each other. A platform where ambitious people can lean on their peers to grow and create a successful life for themselves. Proper advisory staff is essential for any startup which hopes to succeed in this ever-changing business environment. Volley always strives to work with the best talent & experts.

How does Volley Token work?

Volley Token achieves three-second block times with a proof-of-stake consensus algorithm. Specifically, it uses something called proof-of-staked Authority (PoSA), where participants stake VOY to become validators. If they propose a valid block, they’ll receive transaction fees from the transactions included in it.

The mission of Volley Token is to give people seamless access to decentralized financial services and benefits such as making mobile payment easy, providing a platform to resolve liquidity issues that, most importantly, protects the identity of users and traders enabling them to transact large amounts of digital asset.

Inflation Rate

Unlike many protocols, there is no block subsidy of freshly minted VOY, as VOY is not inflationary. Because Volley is EVM-compatible, this makes it easy for developers to port their projects over from Ethereum. Volley Token has been launched to support the rich universe of Ethereum tools and Dapps. For users, it means that applications like MetaMask can be easily configured to work with Volley. It only requires a little bit of tweaking a couple of settings.

Technical pecification

Volley Token is a smart contract functionality and compatibility with the Ethereum Virtual Machine (EVM). The design goal here is to have a high throughput in the Volley Token while introducing smart contracts into its ecosystem.

Partnership announcement

Volley Token has onboarded NULS as its first partner. NULS is a highly customizable blockchain infrastructure that features a microservices architecture and offers a chain-building product and smart-contracts and cross-chain consensus, In the subsequent partnership, Volley Token has onboarded Nabox. Nabox is a cross-chain application built for Web3. The Nabox wallet can help manage assets across different blockchains

How To Buy VOY Coins:

Payment Methods: Supports multiple payment BNB UDT BUSD USDC

Token Price: 1 VOY = 0.000000005 USDT

The total supply of VOY IS 1,000,000,000,000,000, and the funding

Final thoughts

In summary, there are currently several Layer 2 solutions that aim to resolve Ethereum’s scaling issues. There are also some hybrid solutions which seek to improve the network’s scalability by combining the technologies. Now that you understand Ethereum’s various Layer 2 solutions, are there any you’ve used before

Volley Token solutions offer a way of increasing transaction speeds and scaling, while benefiting from the security of the main chain. In some cases, they can process thousands of transactions per second, which will be needed if voy is to achieve wider adoption, In line with the penetration of crypto into everyday life, experts say that in the future the decentralized finance sector has the potential to develop in the future and exceed its current market capitalization,

Volley-DeFi is part of this potential decentralized finance — offering various DeFi solutions, professional and methodical marketing strategies, high-interest rates, and attractive rewards, Volley-DeFi believes that this platform can be the right choice for crypto users Let us know how you get on.

For More Information Connect to Volley Platform
Website: https://www.volleytoken.io/
Telegram: https://t.me/Volleytoken
Twitter: https://twitter.com/Volleytoken?t=inE75ujjI4a1i-8cqWuj9A&s=09
ANN Thread: https://bitcointalk.org/index.php?topic=5418975.msg61216816#msg61216816

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