Over the past four years, IoTeX was built 100% from scratch and is now one of the most robust blockchains in the world, powering an ever-growing ecosystem of Dapps, devices, tokens, marketplaces, and more. While our blockchain is uniquely capable of empowering the Internet of Trusted Things, the IoTeX platform is also the perfect foundation for all varieties of decentralized use cases:
- Lightning-fast: 5-second block times with instant finality
- Low fees: process thousands of transactions for less than $1 USD
- Decentralized: maintained by 70+ Delegates around the world
- Secure: the IoTeX Mainnet was launched in April 2019 and has never gone down or been hacked
- EVM- & Web3-compatible: any Solidity-based Dapps can be ported to IoTeX with no configuration; supports MetaMask, Remix, Truffle, etc.
These industry-leading features are perfect for decentralized finance (DeFi), which has brought trillions of dollars to the crypto industry since 2020. Unlike other Layer 1 blockchains that exhibit exorbitant fees, troubling downtime, and susceptibility to hacks, IoTeX provides a fast, resilient, and secure platform for developers and users alike to enjoy the growing DeFi universe.
Over the coming months, IoTeX will welcome dozens of new DeFi projects, joining the likes of mimo, Unifi, and Cyclone which are already thriving on IoTeX. Before the fun begins, we will be introducing new partners that will ensure new DeFi Dapps and yield farms are transparent and can be trusted by our community. Welcome to our new partners: RugDoc, ETH Hole, and vfat.tools!
RugDoc is a community-centric DeFi project that creates a safe environment for DeFi and yield farming by educating and providing tools that make it simple for anyone to evaluate new DeFi projects. As the name implies, RugDoc provides all the information you need to prevent getting rug-pulled! In the near future, IoTeX will have a dedicated section on the RugDoc website where users will be able to view audits of new yield farms, ensuring users are able to explore DeFi on IoTeX with confidence.
➡️ IoTeX on RugDoc Wiki: https://wiki.rugdoc.io/docs-category/iotex/
ETH Hole is an open-source project developed by Fred Lin which provides robust on-chain analytics of how tokens flow between Ethereum and other blockchains/sidechains. Powered by Covalent, ETH Hole synchronizes with cross-chain bridge contracts and automatically collects TVL and token allocations, providing great transparency for multi-chain DeFi. With IoTeX's cross-chain bridges to Ethereum, BSC, and Polygon, ETH Hole will serve as a valuable resource for developers and users to visualize and validate cross-chain activity.
➡️ IoTeX on ETH Hole: https://ethhole.link/project/IoTeX
vfat.tools is a suite of calculators for yield farming. It is a fork of yieldfarming.info, expanded to include many different types of projects with a minimalistic aesthetic. With interfaces to interact directly with a farm's smart contracts, vfat.tools enables users to dig deep into the inner workings of yield farms and, in the future, access specific farms' information via API. IoTeX now has its own dedicated page on vfat.tools, and we look forward to advanced features from vfat.tools like adding single-sided liquidity or claiming from multiple pools in the near future.
➡️ IoTeX on vfat.tools: https://vfat.tools/iotex/
Founded as an open-source platform in 2017, IoTeX is building the Internet of Trusted Things, an open ecosystem where all “things” — humans, machines, businesses, and DApps — can interact with trust and privacy. Backed by a global team of 30+ top research scientists and engineers, IoTeX combines blockchain, secure hardware, and confidential computing to enable next-gen IoT devices, networks, and economies. IoTeX will empower the future decentralized economy by “connecting the physical world, block by block”.