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Showing posts from October, 2020

Role of Stablecoin in Decentralized Finance (DeFi)

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 A new type of secure tokens, stablecoins may provide a complete solution to the volatility problem. A stablecoin is a cryptocurrency- again, think of a token that is used as world fiat currency, that uses blockchain technology for transactions, but is also backed by fiat currencies (like dollars, euros or yen) or else by commodities (similar to the gold standard, but using digital tokens). By combining these latter features, stablecoins provide the benefits of both cryptocurrencies and traditional currencies. In simple terms, stablecoins are price-stable cryptocurrencies that have their value pegged to another asset like the US dollar. What are the types of stablecoins? The classification of stablecoins includes three major types: fiat-collateralized coins, crypto-collateralized coins, and non-collateralized coins. Fiat-collateralized Crypto-collateralized Non-collateralized Can stablecoins help your business? With their combo of flexibility and stability, and their advantageous a...

Create Your Own Decentralized Exchange Like FalconSwap

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FalconSwap   In simple terms, FalconSwap can be defined as the 2nd layer of Uniswap. Well, when there is already well developed DeFi based Uniswap concept why the need for FalconSwap raised?   The reason is simple to overcome the drawbacks of Uniswap which are,   •    Transaction speed – low •    Privacy – less •    Transaction fees – Quite high •    User-friendliness – The worst   Process of FalconSwap   FalconSwap working process is explained in simple terms here, have a lookout... FalconSwap works as the second layer of Uniswap and also aids other DeFi platforms too plus its main process is that - It aid to aggregate all the trading orders before it passes to the liquid pool sector where trading takes place. It doesn’t send all order aggregation directly to the liquid pool, it first checks with its integrated matching sector,   •    If the order match - it works done by itself and...

Create Your Own Decentralized Finance (DeFi) Protocol Like Yearn.finance

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  Yearn Finance  Yearn Finance is an upcoming tech and it is a decentralized ecosystem that is widely used and developed from the leading platform DeFi. This traditional finance platform is decentralized and can be accessed across the globe. Yearn.Finance is the portal for various DeFi products. Some of their traits are, Dashboard - Where all the things can be noted down easily & can be accessed. Vaults - It is a unique strategy which aid to maximize the yield & minimize the risk. Earn - It performs the profit switching operation for lenders & switches that fund among the compounds like dydx, Aave, etc. Zap - Aid in gas fees in the liquid pool. Cover - Provide Insurance. Stats - Have an eye on yearn's vault, that how it performs. YFI Token  Yearn.Finance is a part of the growing tech of the traditional finance platform DeFi. Where yEarn token YFI is used for the financial transaction all over the globe and its value to reaching a new hit in recent days and a...

Decentralized Finance (DeFi) Token Development Company

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What is DeFi Token? DeFi Tokens are mostly considered to be an Ethereum token,DeFi tokens have the highest market cap! and has to hold the ability to raise up the growth of decentralized applications and their values have higher than bitcoins. DeFi tokens are growing popular than that off cryptocurrencies. DeFi tokens are mostly end-user entities and it acts as an intermediate for traders and users can exposure the financial services in a new build DeFi application, DeFi tokens can improve the major functions in DeFi such as borrowing, lending, investment, staking, trading and risk management. Top DeFi Tokens: Aave – AAVE Token  Aave is open finance and leading protocol in DeFi and its native tokens was named as AAVE, is to secure the protocol and it's backed by its own DeFi Token LEND. It will receive the value from borrowing and flash loan fees. Total Supply: 16,000,000 AAVE yEarn - YFI Token It is automated liquidity and offering a large number of opportunities in yield farming,...

Launch Your Own Utility Token From Scratch!

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Utility Token A utility token becomes a valuable commodity in various ways and it keeps you one step ahead in your domain. Utility token has become very popular around this space and many investors were able to benefit from a very high return on investment.  Utility token offering is a process whereby a company that wants to create or launch a new project looking to raise funds by issuing a utility token. An ordinary start-up with the use of the crypto utility token will be able to get as high support as it compared before.   How does Utility Token Work?  It is a form of digital token that gives the user to access product or service in the blockchain network, Utility tokens allow the entire business to gain interest from investors, Most of the utility tokens are developed on the Ethereum Platform.   Utility tokens are often used for ICO(Initial Coin Offering). Many companies are plan to issues a certain number of tokens that are sold to the community. This ...

Create Your Own Decentralized Protocol Like Uniswap!

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Uniswap has become one of the most profitable and successful projects which is part of the Decentralized Finance DeFi development. It is a decentralized protocol for automated liquidity provision on Ethereum. In easy terms, It stores massive amounts of Ethereum network-based tokens, which allows the protocol to provide favourable services that weren’t already available in the market. It allows traders to swap Ethereum tokens without the requirement of an exchange or order book. Uniswap utilizes an algorithmic equation that significantly defines the swap rate based on the balances of both tokens and the actual demand for this swapping pair.   How Uniswap Works? Basically, Uniswap is a decentralized protocol that stores a huge amount of Ethereum ERC20 tokens. It acts as a pair, two tokens are utilized. Now it works on the version of uniswap V2. It works on the mechanism proof-of-concept (PoC).   Uniswap is an automated liquidity protocol high-powered by a constant product formul...

DeFi Lending/Borrowing Platform Development Company

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What is DeFi Lending/Borrowing Platform? Nearly most of us would be familiar with the traditional methods of borrowing and lending! In DeFi lending/borrowing platform, investors and lenders are provided with a loan or deposit their fiat for in interest through a distributed system in a decentralized application (Dapps), DeFi lending/borrowing platforms give assurance to fill up the lags in the traditional banking, Both lending and borrowing make use of DApps, Smart contracts, among other DeFi protocols.  How Does DeFi Lending/Borrowing Platform Work? DeFi lending/borrowing platform have a collaboration of blockchain network and smart contracts, recently all the financial services will executive the decentralized, permissionless and exceptionally encrypted process! By this decentralized platform, a borrower can take a loan directly! It’s called a DeFi P2P lending. By using Peer-to-peer(P2P) lending borrowers can easily receive financing from individual investors who are favourable t...

How does ERC-721 Token work on Gaming Industries?

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What is ERC-721 Token? This is a type of unique token, Mainly used for Gaming purpose Because these tokens are the advanced version which is used by many gaming platforms. This token can be developed on the Ethereum blockchain network and it allows unique tokens to be managed, owned and traded. In ERC-721 token each token can hold a different value.ERC-721 tokens are also called as Non-Fungible Tokens What are Non-Fungible Tokens (NFT)? Non-Fungible Tokens are not interchangeable and not divisible. These tokens are unique and cannot be replaced by another item. The ERC-721 Standard is the backbone for the creation and trading of non-fungible assets. Explore more from - What is Fungible and Non-Fungible Tokens Exactly & How it’s played a major role in business and gaming industries? How does ERC-721 Token work on Gaming Industries? Gaming Industries are increasing high intersection with cryptocurrencies. It has seen a number of advances in the concept of this Non-Fungible Tokens. Am...

Want an advanced safeguard in your DeFi application?

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Decentralized finance is commonly known as DeFi, it is also called as open finance, DeFi offers financial services like loans, lending/borrowing, tokenization, trading to across the globe! DeFi's features encourage the entrepreneurs to start a DeFi project by their own!, DeFi Dapps and platforms can be easily developed by our team of blockchain experts and also offer high-end financial services for DeFi Smart Contract Development, DeFi Token, exchange, wallet development are well developed & deployed by our experts. A decentralized application is called as Dapp it is an open-source decentralized software application and it has some code running on the peer-to-peer network and it does not need to necessarily run on top of a blockchain network. Dapps are similar to a traditional web application, Smart contract will represent the core logic of the decentralized application. DeFi Dapp: DeFi based projects are commonly built on the Ethereum and making its standard default for blockc...

DeFi Yield Farming Development Services - Developcoins

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Decentralized Finance (DeFi) is the latest hype machine in the crypto-market. DeFi has established its positive presence in today’s financial ecosystem. DeFi can easily be rated as one of the hottest portion combined either with cryptocurrency or blockchain.DeFi remains its progress towards solving more advanced issues in the financial industry and also it revamping the financial infrastructure. Yield Farming has become the latest trend among crypto enthusiasts and also attracting many new users to the world of DeFi. In this article, we’ll take a closer look at what is yield farming is and how it can benefit the average user. What is DeFi? DeFi is the short form of Decentralized Finance it is also called as open finance, Most of the DeFi based projects are build their technology! DeFi is a space of innovative experimentation as a replacement of professional financial operations. DeFi can be building an alternative financial infrastructure to the legacy system that covers banks, insuran...

Benefits of using Stablecoin:

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Stablecoin is a scalable and stable digital currency would that adopts in daily use. It represents triple monetary value units, unit of account, store of value, and medium of exchange. This highlights stablecoin from the rest with real-utility value in a way, while volatile cryptocurrencies cannot. It furnishes a platform to develop an overall distributed ecosystem of markets, insurance and loans with the secure emergence, efficient and trust-less stablecoins. Besides, the payment for various DApps enhances the stablecoins' advocacy and anticipation. it offers an absolute stablecoin service that includes creating, trading and also marketing. Non Volatility Usually, the stablecoin is non-volatile in nature. It remains the same in the transaction progress too. Stablecoin will transmute the financial industry with a stable and secure currency for the businesses to preserve in the ever-changing monetary values. Financial Inclusion Thee amazing feature of the stable coin is financial in...

How Stablecoins Help your business?

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Stablecoin is basically developing to stabilize the cryptocurrency value & it is backed with some assets like gold,fiat and so on.  A new type of secure tokens, stablecoins may provide a complete solution to the volatility problem. A stablecoin is a cryptocurrency- again, think of a token that is used as world fiat currency, that uses blockchain technology for transactions, but is also backed by fiat currencies (like dollars, euros or yen) or else by commodities (similar to the gold standard, but using digital tokens). By combining these latter features, stablecoins provide the benefits of both cryptocurrencies and traditional currencies. Types of stablecoins Fiat-collateralized Crypto-collateralized Non-collateralized With their combo of flexibility and stability, and their advantageous ability to back their coins with various world fiat currencies, stablecoins may be the best way for business peoples and startup folks to pursue the capital purchase. Even with any breaking cry...