Project Watch: Trickle
The past year has seen an unprecedented number of people come into the DeFi market. DeFi is currently one of the most innovative and democratic areas of crypto. As DeFi adoption becomes more mainstream, more developers will want to harness the potential of decentralization and create platforms using smart contract technology. However, access to smart contract technology is restricted by high barriers to entry. Coders who specialise in blockchain can just be very expensive to hire. Meanwhile, white label solutions are generally centralised and can involve compromising the developer’s vision. Once the platform is developed, there is still the problem of finding liquidity.
Trickle is the tool that can open DeFi technology to mainstream developers. It’s a platform that will allow developers to create smart contracts without needing to code them. Through an easy to use UI, creators will be able to access modules containing open source code, all of which have been individually rigorously tested and audited. In addition to that, Trickle will also connect developers with a community of liquidity providers attracted to projects hosted on the platform because of the opportunities that it provides.
Today we sat down with Rhyan Cook, Founder of Trickle, to talk about DeFi and how Trickle can make it more accessible.
1.What do you think low code/no code development can bring to the DeFi ecosystem?
No code development reduces barriers to entry for rapidly spinning up products unique to a user or business’ needs. This will help keep the space become more competitive and help reduce costs across the space in general.
2. What kind of platforms would developers be able to create with Trickle?
Trickle is comprised of two main features. The platform itself and the underlying infrastructure. The former is an example of what developers can build out utilizing the latter. The type of platform that can be built is limited only by the number of smart contracts available in the archive that can be templated and simplified. So there is endless opportunity in a space where emergent growth is now just being noticed.
3. How does Trickle aim to remain decentralized?
Initially, Trickle will be centralized. This helps us to ensure consistency and stability of the first few iterations of development. Shortly after, the code will be open-sourced for any developers to participate in. At the same time, the development on Substrate will include governance features to ensure that the chain is maintained by consensus and not just one controlling body.
4. Why did Trickle choose to integrate a minimum operating stake requirement for creators to run smart contracts on Trickle?
The minimum operating stake ensures that tokens are locked on the platform for functionality access. We’ve seen this work well in many different environments and is one easily implemented feature to prevent spam/abuse of chain contracts.
5. Tell us about the H2O loans the creators can use to fund the operating stake.
Users can loan H2O tokens on the platform in order to borrow access to utility deployments. Tokens are locked in the lender’s account, and the borrower does not gain on-chain access to tokens. This is a safe way of gaining rewards from your idle tokens.
6. What do liquidity providers bring to the Trickle ecosystem, and how can they earn rewards?
Liquidity providers bring stability to certain pools that are available on the platform and earn fees while doing so.
Most importantly, they help to provide access via the lending pool to new users without those users needing to traverse the decentralized exchange landscape
7. Trickle is an MV Fuel incubation project. How has working with Master Ventures and PAID Network directly benefited trickle?
Master Ventures has been invaluable when it comes to providing deep industry connections to developers, advisors, and investors, which has allowed us to ensure a smooth development process by eliminating common mistakes.
This benefits Trickle both in the short term and the long term through a more efficient scale-up and ongoing operation.
8. Will Trickle be able to create DApps that would be native on PAID Chain?
As Trickle develops natively on Substrate and PAID Chain will be built on the same, yes, Trickle could deploy DApps within PAID Chain simply by integrating the smart contract pallet.
9. Tell us what’s in store, what new features, moves, etc, will Trickle be adding in the coming months? (Please invite the PAID community to any launches, or activities that have recently been launched or are about to be launched)
Shortly after our IDO, we will be releasing our ALPHA platform to users who have signed up to our referral program via earn.trickle.cloud, so it’s a good chance to gain early access. We will also be adding in a small group of users who stake their tokens on the platform ahead of the launch.
Once the platform is steady with our BSC integration, we will be moving our focus to integrating the native H2O substrate chain.
So stay up to date with our socials and keep your eye out for more future updates!
About Trickle
Trickle is an open-source smart contract platform. By combining simplicity and functionality, Trickle can deliver one of the most user-friendly tool sets in the crypto space. Built by developers, these tools take the hassle out of coding and deployment of apps within the blockchain space. With Trickle, the barriers to the crypto market, both technical and financial are removed, making the industry much more accessible for everyone.
Website | Twitter | Telegram | Telegram Ann | Medium
About PAID
PAID Network seeks to redefine the current business contract, litigation, and settlement processes by providing a simple, attorney-free, and cost-friendly DApp for users and businesses to ensure they #GetPAID wherever they are in the world.
PAID technology leverages Astar to operate on both Ethereum and Polkadot ecosystems. PAID makes businesses exponentially more efficient by building SMART Agreements through smart contracts in order to execute DeFi transactions and business agreements seamlessly.
For any questions for the PAID network, please feel free to reach out to us on:
- Telegram: @PaidNetwork
- Twitter: @PAID_Network
- Medium: @PAIDNetwork
