Defibox

BOX is a governance DeFi token, which adheres to the basic principle of same currency and same rights, and its value is mainly captured through governance: BOX holders can vote on important parameters of DeFi protocol, such as Swap transaction rate, USN stablecoin interest rate, USN stablecoin liquidation penalty, etc. They can also vote on various proposals, such as DeFi income distribution method, DeFi logic adjustment, etc. As the BOX holders have the right to decide the important parameters of the DeFi protocol, they will be the participants in the Defibox decision, and they will benefit from the treatment.

And Defibox is a one-stop DeFi application platform on EOS chain, we can make a simple analogy: Defibox=Uniswap+MakerDAO+AAVE. Defibox was launched and managed by the Defibox Foundation and supported by Newdex. Defibox was launched on July 21, 2020, and is dedicated to becoming the most popular DeFi application platform for EOS users. So far, three Defibox protocols have been launched: Swap agreement, USN Stablesoin Agreement (formerly Danchor Agreement) and decentralized lending agreement.

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