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Tue 28 May 2024 4 min of reading by La Rdaction C.

Innovative and revolutionary, Massas autonomous smart contracts open a new chapter in the history of decentralized finance. Based on unprecedented technology, these self-executing smart contracts further decentralization, efficiency, and complexity of DApps. But how can they affect DeFi?

Growing rapidly over the past few years, decentralized finance unfortunately still presents some weaknesses that slow the adoption of DeFi platforms by pro traders and institutional clients. These weaknesses are of various kinds.

They include the dependence of DeFi protocols on certain external entities for transaction execution or liquidity management. The limited functionalities of DeFi platforms also represent another type of challenge that sometimes dissuades users from decentralized exchanges (DEX). And this is precisely what differentiates centralized exchanges from decentralized exchanges.

Centralized exchanges, as their name suggests, have full control over all order books and matching engines. They are therefore more able to offer a wide variety of order types. They give traders access to more advanced functions, allowing them to have better control over their positions and to better organize risk management.

However, if we understand the philosophy behind the creation of cryptocurrencies, centralization is not ideal. Moreover, on centralized platforms, security risks (hacking attempts, insider trading, etc.) are significant.

Unfortunately, decentralized exchanges, which are the cornerstone of DeFi, do not allow us to explore the full potential of decentralized finance. While they facilitate token exchanges, the majority of current decentralized exchanges only support basic market orders. They cannot execute complex operations without the intervention of a third party or an external trigger. The reason? They are not autonomous.

Pro traders therefore do not find the trading functions suited to their profiles. And this is why autonomous smart contracts, addressing the challenges of current smart contracts, emerge as the future of decentralized finance.

The advent of autonomous smart contracts ends the limitations that mitigate the trading experience on decentralized exchanges. More complex and able to execute without manual intervention or the intervention of an off-chain bot or centralized oracle, this new generation of smart contracts is revolutionizing DEX. Thanks to them, DEX can offer:

In short, Massas autonomous smart contracts thus improve the decentralization, functionality offering, autonomy, flexibility, and user-friendliness of DeFi platforms. This notable advancement will have the direct consequence of attracting a larger flow of users to these platforms and thereby increasing the overall liquidity and performance of the DeFi ecosystem.

The capacity of DEX, Auto Market Makers (AMM), and lending and borrowing platforms, fundamental components of decentralized finance, will therefore be significantly improved. It is therefore eagerly awaited that the Massa blockchain mainnet be unveiled soon and that Massas autonomous smart contracts be deployed on it. Quickly find Massa with their incentive program to earn many rewards.

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DISCLAIMER

The views, thoughts, and opinions expressed in this article belong solely to the author, and should not be taken as investment advice. Do your own research before taking any investment decisions.

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Finance: The future will be shaped by autonomous smart contracts! - Cointribune EN