NaaS & DaaS
Nodes-as-a-Service & DeFi-as-a-Service
A newer development within the crypto space, at the intersection of nodes and decentralized finance you can find 'Nodes-as-a-Service' and "DeFi-as-a-Service' intertwined.
Now, running your own nodes can be very expensive from storage to bandwidth to valuable engineering time. Things like spinning up more nodes when scaling, upgrading nodes to the latest versions, and ensuring state consistency, can distract from building and spending resources on your desired web3 product.
But instead of running your own node, you can access node service providers. Node service providers run distributed node clients behind the scenes for you, so you don't have to.
Almost all node services are extremely easy to integrate with, involving one line changes in your code to swap out your self hosted node, or even switch between the services themselves.
The main benefit for using a node service is not having to spend engineering time maintaining and managing nodes yourself. This allows you to focus on building your product rather than having to worry about infrastructure maintenance.
A Nodes-as-a-Service (NaaS) protocol is simply a term for a project that provides the benefits of a node service while also providing high yields due to the infrastructure and system that integrates innovative DeFi principles.
While NaaS protocols focus on nodes being the primary focus of their platform, we are expanding our node services into a larger financial suite, which is where we find DeFi-as-a-Service (DaaS).
Essentially, users deposit crypto into a smart contract that provides them a node and the deposited tokens are placed back in the reward pool. With that initial stake, they are given a node that provides them with high yield. That node also helps decentralize the network (NaaS), while also giving them access to a new decentralized financial suite (DaaS).
Here, we find Nodes and DeFi transform what we believe financial freedom looks like.
Last modified 1yr ago