Eli5DeFi Profile picture
Apr 23, 2023 19 tweets 14 min read Read on X
Join us for the 3rd episode of our cosmic adventure through the @Entanglefi multiverse! 🚀

Get an in-depth look at the protocol's unique approach & discover the innovative liquidity solutions it brings to DeFi

#DeFi #LSD #Omnichain #ReHash

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Before we move forward, please note that this thread merely aims to share our understanding of the topic and should not be taken as financial advice.

Disclosure: This post is under a partnership with the @Entanglefi team

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Table of Contents
🟣 What is Entangle?
🟣 Synthetic Vaults
🟣 How SV work
🟣 Distributed Oracle Solution
🟣 Entangle Blockchain
🟣 High-level overview of Entangle Products
🟣 Use-Cases
🟣 Revenue Model
🟣 $ENTGL Token
🟣 Development Roadmap
🟣 References

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@Entanglefi seeks to address liquidity challenges by linking protocols through a distinct liquidity sub-layer that extends across multiple chains.

This achieved by utilizing Synthetic Vaults, a Liquid Staking Derivatives (LSD) complete with it's own oracle and blockchain.

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Synthetic Vaults interoperate with intra- and cross-chain partner protocols; in the example below, we use a yield-bearing asset originating from the @0xPolygonLabs Chain.

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Entangle's Synthetic Vaults enable a innovative solution in liquidity problem, transforming yield-generating assets into transferable LSD equivalents.

This will unlocks liquidity across omni-chain networks, boosting revenue potential & capital efficiency.

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Entangle's E-DOS serves as a foundation for cross-chain capabilities of Synthetic Vaults.

It excels in contract automation, handling data acquisition, validation, processing & storage, this further enhance scalability & cost efficiency when utilizing E-DOS' oracle.

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The Entangle Blockchain, designed for processing and validating oracle transactions, boasts low gas fees and 2-second block times.

With EVM compatibility and DPoS, it uses Tendermint and ensuring omni-chain interoperability for native and external dApps through E-DOS.

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This diagram shows high-level overview on how Entangle Synthetic Vaults built upon E-DOS and being utilized across different chain to optimize liquidity.

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The Entangle Infrastructure opens up innovative use-cases for dApps and Builders, for example:
🟣 Bridges between any chains
🟣 Expand Cross-Chain dApps offering
🟣 Build innovative cross-chain products
🟣 Yield opitimization strategies
🟣 Many more!

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The Entangle Protocol earns revenue from multiple sources & distributes it among stakeholders as "Real-Yield.

Income is used to acquire $ENTGL tokens, based on predefined percentages.

This promotes balanced, sustainable revenue distribution, fueling ecosystem growth.

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The Entangle Ecosystem operates on $ENTGL, which can be acquired through Staking as a Validator or Delegator, or operating Oracle Keepers.

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This roadmap reveals that v2 testnet is in preparation, it will also undergoing rigorous testing and audits before being released to the public.

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References (Link in ALT)

/14 Official Documentation http...
This concludes our @Entanglefi protocol multiversal series.

We're eager to see how their product tackles liquidity challenges across DeFi and blockchain.

#DeFi #LSD #Omnichain #ReHash #Oracle #CrossChain

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Please check our previous visual guide that explained in details how Synthetic Vaults work.

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To understand more about @Entanglefi E-DOS, please check below

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I hope you've found this thread helpful.

Like/Retweet/Follow @eli5_defi to support us. Also, please share your thoughts and suggestions in the comments.

$ENTGL #LSD #DeFi #Omnichain #ReHash #Oracle #CrossChain

/19

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Disclaimer:
💰 Not Financial Advice
🔬 Do Your Own Research

🤝 This thread was created in collaboration with @FlareNetworksImage
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