The Crisis of Traditional Financial Systems and Oly One’s Response
Since 2023, the global financial markets have exposed deep structural issues. The frequent bankruptcy of regional banks, persistent inflation, excessive leverage in the financial system, and lack of transparency have revealed the fundamental flaws of the traditional centralized financial system. These issues have turned finance from a stabilizer into a source of risk, exacerbating the global trust crisis. Against this backdrop, Oly One, as a decentralized finance (DeFi 3.0) protocol, has proposed a new solution to rebuild the financial order and restore market trust.
Challenges of DeFi 1.0 and 2.0: Governance Failures and Ponzi-like Structures
Although decentralized finance (DeFi) was once seen as the hope for addressing the flaws of traditional finance, DeFi 1.0 and 2.0 fell into structural failure. DeFi 1.0 attracted users with high annual yields but failed to address issues such as token imbalance and governance failure, even leading to some projects exhibiting Ponzi-like structures, increasing investor risk exposure. While DeFi 2.0 made improvements, it still could not avoid systemic risks caused by low participation and opaque decision-making.
Oly One recognizes that the true mission of blockchain is to rebuild the financial order. Unlike other projects that rely solely on “high yield” to attract users, Oly One focuses on institutionalizing finance, aiming to stabilize the market and achieve long-term value growth.
On-Chain Signing: Building a New Financial Order of Co-Creation, Co-Governance, and Co-Use
Oly One has introduced a new financial governance paradigm: “Building institutions with smart contracts + Establishing civilization through consensus signing.” This innovative mechanism aims to address the consensus crisis in decentralized finance through a global consensus experiment, driving the sustainable development of the DeFi ecosystem. Oly One focuses not only on providing financial services but also on building the institutional framework, ensuring that governance and incentive mechanisms are widely recognized and verifiable.
Core Institutional Innovations of Oly One
Oly One ensures long-term governance and sustainability through three core institutional innovations:
1. Smart Contract System: Oly One has created a comprehensive smart contract system, defining the boundaries of economic behavior, incentive mechanisms, and governance logic through five core smart contracts. These contracts operate independently of human intervention, ensuring that market behavior and decisions follow the established rules, minimizing the risk of human interference.
2. Global Signatory Network: Oly One introduces a global signatory network where any user can participate in building the system through on-chain signing and gain governance rights and institutional profit rights. This mechanism empowers every user to become a “rule maker” and “co-builder of order,” breaking the centralized control in traditional finance and pushing for the true realization of decentralized ecosystems.
3. Data Transparency in Governance: Oly One emphasizes data transparency and governance, with all governance decisions, financial flows, and incentive records publicly available on-chain, ensuring that every decision and action can be traced and verified. This realization of the “code is justice” governance philosophy allows every participant to see, participate in, and oversee the protocol’s operation.
Oly One’s ultimate vision is to create a publicly participatory, self-evolving, and value-backed on-chain civilization republic. Through interactions with multiple chains, Oly One seeks to achieve cross-chain migration of protocol standards and global co-governance. Ultimately, Oly One will become a decentralized financial ecosystem where all participants can co-create, co-govern, and co-share, driving the global application of blockchain technology.
Oly One is not just a financial protocol; it represents a new way of thinking. Through innovative governance mechanisms and institutionalized financial frameworks, Oly One is gradually moving toward the reconstruction of the global financial system. As a global co-governed decentralized financial platform, the birth of Oly One marks a new chapter in on-chain civilization. In the future, Oly One will continue to drive the global decentralized finance revolution, creating a fair, transparent, and stable financial environment for all participants.
Media Contact
Organization: Oly One
Contact Person: Jason Smith
Website: https://www.olyonedao.com/
Email: Send Email
Country:United States
Release id:35431
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