Dusa Labs is the result of six blockchain enthusiasts’ attempts to rediscover the virtues of decentralisation. They discovered that the Defi ecosystem could be more genuinely decentralised after taking first place in a number of hackathons in Paris, Lyon, Miami, and San Francisco.
Defi Isn’t Actually Decentralised
Through a number of events, the Dusa founders got the chance to interact with different Web3 ecosystem participants and hear their perspectives on the existing Defi. Decentralisation in Defi initiatives is still in its infancy, and the demand for security, which is currently existent, will only increase.
This is one of the most widely agreed-upon observations. In actuality, communication with a decentralised application (dApp) or a Defi protocol is still carried out through highly centralised aspects, leaving it vulnerable to censorship and attacks:
Web2 solutions are centralised organisations and are nearly entirely responsible for hosting decentralised apps. Given that the front end is not housed on the Blockchain, it follows that the decentralised application does not have the best defence against cyberattacks (on-chain).
As a result, the user may observe how his user interface changes as harmful material appear at any moment, as was recently the case with the Curve protocol. The dApp is also vulnerable to censorship, potential data hosting issues, and infrastructure failures.
Decentralised apps employ initiators that aren’t blockchain-based (off-chain). Some Smart Contracts do not utilise the security offered by blockchain technology when you make a transaction because they use oracles, which are databases that are not directly on the Blockchain when you make a transaction.
Because of this, off-chain initiators are potential targets for malicious attacks and can cause activities (selling, liquidation, etc.) to lag, which can sometimes be quite expensive for users.
In contrast to centralised finance, a Defi protocol is initially built on a decentralised concept (CeFi). However, this decentralisation is not total because the protocols are not wholly built on-chain.
They improved The Defi Environment
Dusa is the first dApp to implement Defi on the Massa blockchain as of right now. This offers the chance to gather a complete community that understands decentralisation and then lays the groundwork for a creative Defi ecosystem on Massa.
The first Defi application to be able to state that it is entirely on-chain is the one we have now. Two advancements have made it possible for you to have this experience:
The Front End Was On-Chain Hosted
The decentralised application for Dusa is directly hosted on Massa’s Blockchain. Concretely, the user gets access to the security provided by the Blockchain as soon as he enters the application interface. It also implies that dApp is immune to censorship.
This is a crucial component in a situation where the struggle for information access is ongoing. For instance, Massa and a Ukrainian newspaper recently inked a contract to ensure that their work would not be banned in light of the conflict in that country.
As a result, rather than being hosted by an external server, the front end is instead housed on the Blockchain, namely on a Smart Contract. As a result, it may be accessed by anyone, anywhere, and at any time in its original version.
Independent On-Chain Smart Contracts
The Dusa protocol operates by utilising self-contained Smart Contracts, which enable events to be sequentially triggered in accordance with predetermined circumstances.