DeFi development
Our development team creates a solution of any complexity – from stablecoin to DeFi-app or DeFi-platform.
DeFi development
Decentralized finance (DeFi) is an emerging financial system based on blockchain technology. This method employs automated programs that play the traditional job of banks in traditional finance or TradFi. DeFi is a substitute for TradFi, giving users greater cash control. Control is dispersed among the system’s stakeholders, as opposed to centralized, which refers to a single organization (such as a bank) being in charge.
Accessibility to virtually anyone with an Internet connection, inexpensive fees, and access to financial services such as lending and borrowing are further benefits of DeFi.
DeFi advantages
Decentralization. One of the main advantages of DeFi is pure decentralization. Even the fact that all the participants—rather than an exclusive team of executives—can manage a crypto project with smart contracts, is a very important thing.
Public accessibility. DeFi opens the global economy to people who couldn’t use financial services before. In fact, some 1.5 billion people on the globe cannot access banking services; they have no bank account, no debit or credit card. Many factors may be behind this unevenness, but the main reason is that most unbanked people just do not have all the documents that financial institutions usually require. Also, it’s hard to get a decent credit score in some countries. In others, bank offices can be barely found beyond the capital.
Earning opportunity.Along with maintaining a stable price-quality balance, decentralized finance offers passive income from the owned cryptocurrency. There are many options: high-interest savings accounts, asset placement, etc.
Finance is under control. In DeFi, it’s only you who can control your assets. Using decentralized services and organisations like MakerDAO, you have a 24/7 handle on your finance. No governmental official can unexpectedly ban you in a dApp, freeze your account, or confiscate your funds.
Transparency. In DeFi, all information is open and available for familiarisation—helping every user to pick secure projects and services from home. If you need a loan in real life, you have to come to various creditors, compare interest rates—all to make sure the information you are provided with is credible and there are no hidden fees. It’s all different with DeFi: all the information as to lending protocols, such as Compound, is easily accessible and transparent.
Application
- Stablecoins. The earliest widespread DeFi use cases were stablecoin projects. Stablecoin is a cryptocurrency, the price of which is pegged to the price of a reference financial instrument (fiat currency, commodity, raw material). Thus, all the issued stablecoin units are backed by a reserve stored at a reliable custodian. The value of the USD-pegged stablecoins is ensured by the issuer, while their purchase and sale are subject to AML/KYC procedures.Examples of DeFi projects with stablecoins: mStable USD (MUSD), sUSD (SUSD).
- Decentralized exchanges.Cryptocurrency exchanges act exclusively as a platform that only brings together buy and sell calls. Such a trade model helps avoid KYC procedure and is not subject to the interests of a small circle of major traders. Examples: Uniswap DeFi, Radar Relay.
- Prediction markets. They are platforms that allow placing bets on various events, elections, etc. Actually, the purpose is kind of similar to sports betting, so the principle does not need much explanation. Examples: Augur, Gnosis.
- Banking and payments. As an affordable alternative to many traditional financial services.
- Marketplaces.To facilitate coordination of P2P markets and community management.
Our team guarantees:
High quality of our services.
Meeting all development deadlines.
Selection of the product strategy.
Implementation of the interface and basic functionality.
A reasonable price for the services.
Thorough check and analysis of each development stage, which will definitely allow you to achieve success in projects as well.
Launch and maintenance of the project to attract more active users.
Our ultimate goal is to work for the result, and the reputation we've earned over the years makes it impossible to think otherwise.
We offer industry-specific solutions for DeFi development
- Banking
- Health
- Insurance
- E-commerce
- Logistics
- Government
- Education
- Games
- IT
For business
The introduction of DeFi solutions for business ensures ubiquitous accessibility, reliable smart contracts, programmable digital assets and high security.
Cases
MinePlex Money
Electus
MinePlex Payment
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