🛡️ | Introduction: Galahad Finance

Ethereum has established itself as the platform of choice for the issuance of stablecoins, done via the programming of Ethereum’s flexible digital contract capability. Developers have been experimenting with using Ethereum's digital contracts to programmatically create markets for borrowing and lending other cryptocurrencies.

All the decentralized finance ecosystems run on top of the Ethereum network, but the network is frequently congested, leading to delayed transactions and higher gas prices. Arbitrum comes to light as an extension of Ethereum and offers various solutions poised to be the critical scalability component to the inherent network congestion on Ethereum. Arbitrum opens the door for a blossoming ecosystem of Ethereum with a reasonable level of sovereignty, high performance, and secure interoperability.

Stable-value assets are an essential building block for Ethereum applications, worth tens of billions of dollars. However, most of this value is in the form of fiat-backed stablecoins. Decentralized stablecoins represent only a small portion of the total stablecoin supply. In other words, the vast majority of stablecoins are centralized.

Galahad Finance emerges on Arbitrum, allowing users to borrow cryptocurrencies without the need for a centralized intermediary. This will help improve the accessibility and efficiency of lending and borrowing in the cryptocurrency space. By using our protocols, users benefit from zero fees, faster transaction times, as well as increased security and transparency.

Additionally, Galahad Finance and Arbitrum can help to increase the scalability of the Ethereum network by processing transactions off-chain and then settling them on-chain. This will make Ethereum more attractive for a wider range of applications. Together, Galahad Finance and Arbitrum will help incentivize those who have faith and hope in the Ethereum ecosystem.