The DeFi movement is about bridging these gaps, and making finance accessible to everyone without any form of censorship. In short, DeFi opens up huge windows of opportunities and allows users to access various financial instruments from anywhere in the world.
Decentralized lending and borrowing remove the barrier of having good credit back-ups and having sufficient collateral to convince the bank by allowing anyone to collateralize their digital assets and use this to obtain loans. One can also earn a yield on their assets and participate in the lending market by contributing to lending pools and earning interest on these assets.
With the limitless possibilities of Decentralized Finance, Xord aims to simplify the provision of lending & borrowing by steering the ownership to the investors by developing immutable, scalable and highly interoperable platforms.
A key role of DeFi is to allow decentralized and trustless value transfer between two parties. With the growth of it, more creative payment methods are being innovated and experimented. The possibility of providing payments as streams open up a plethora of potential applications of money. Imagine “pay-as-you-use” but on a much more granular scale and with higher accuracy.
Xord holds proven expertise in delivering end-to-end decentralized exchange development that enable users to exchange cryptocurrencies without giving up custody of their coins. Without storing any funds on centralized exchanges, users do not need to trust the exchanges to stay solvent. Because of decentralized exchanges, the problems with traditional finance will eventually cease to exist.
AMM aims to solve the problem of P2P exchange by enabling you to interact with a smart contract that makes the market for you. There is no order book and the token exchange rate is determined algorithmically. All this is achieved via liquidity pools and the automated market maker mechanism.
Xord not only helps in democratizing liquidity but also provides enough room to customize the model as per the client’s expected ROI (return on investment).