Polkadot has managed to get the attention of many DEFi projects and the smart contract companies. There are many decentralized networks out there who are planning on moving their infrastructures to the Polkadot ecosystem. This is not only for the decentralization efforts but also for the security, sharing economy, cross bridges, smart contracts and many other use cases.
Polkadot DeFi Alliance is a group that contains projects that works to unite the efforts of the Polkadot DeFi finance and security. Recently a project named Deeper network joined this group for the privacy, security and decentralization efforts.
You can learn about Deeper network here.
Deeper network tweeted an announcement recently that they are going to be a member of the Polkadot DeFi Alliance.
What does Deeper Network plans to do in Polkadot Ecosystem?
Deeper network is working to improve the decentralization and security within the polkadot ecosystem. The group also plans on focusing the privacy of the network as they plan on making the gateway for the financial platforms. And in the process they plan on making the interface easier to use for the public.
What this means for Polkadot Community?
There are many projects currently working on Polkadot ecosystem for the decentralization which are officially part of Polkadot DeFi Alliance. So many DeFi projects are likely to establish themselves strongly by the next few years making Polkadot even more stronger blockchain platform.
Every week we find out something new happening in Polkadot space, be it another DeFi project or Financial Gateway or Smart Contract Bridges. You can expect Polkadot playing an important role in blockchain space helping us achieve better decentralized world.