What does the Polkadot ecosystem have (Polkadot ecosystem project IDV)?
What does the Polkadot ecosystem have? What are the components of the Polkadot
What does the Polkadot ecosystem have? What are the components of the Polkadot ecosystem? 1. Introduction to the Polkadot ecosystem
According to official sources, there are currently over 100 projects running in the Polkadot ecosystem. The majority of these projects are based on Substrate development. In terms of team and technical capabilities, out of these hundred projects, five have already been built based on Substrate. Another project includes various types of projects in the Polkadot and Cosmos blockchain projects, such as the DOT token in the Substrate framework and the DApps on the Polkadot smart contract platform. 2. Types of Polkadot ecosystem projects and related developments The Polkadot ecosystem projects mainly fall into the following categories: DeFi projects, NFT projects, decentralized exchanges, stablecoin protocols (such as USDT), synthetic asset protocols (such as USDCoin), cross-chain bridges, etc.
Polkadot ecosystem project IDV
According to official sources, the Polkadot ecosystem project IDV (Idle) started token migration on Kusama at 20:00 Beijing time on August 11th.
IDV is a programmable currency platform created for DeFi and NFT. IDV provides decentralized, borderless lending services and supports ERC-20 tokens. Users can use their tokens to earn interest and pay governance fees, etc. As a parallel chain on Polkadot, IDV will integrate with other ecosystems to achieve interoperability.
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