POOLZ - A DECENTRALIZED SWAPPING PROTOCOL THAT USES DEFI INFRASTRUCTURE TO BOOTSTRAP LIQUIDITY
If you’ve been following the trends in the Decentralized Finance (DeFi) industry, I am sure that you must have become aware that decentralized asset trading is now taking a new shape.
It is a solid affirmation of the concept behind digital assets, which allows the users and investors to be the apex of the trades.
Decentralized Finance (DeFi) is booming in the year 2020 and for good reasons too. It was this year that multiple innovations, as well as more DeFi assets were released.
THE MARKET CHALLENGES
Decentralized Finance (DeFi) assets may be widely used, but their anticipated widespread adoptions may not be fully attained except some issues are addressed. Below, I have explained some of the current challenges DeFi investors are facing.
1- TOKEN ISSUANCE DELAYS
The first challenge is that DeFi tokens aren’t almost issued as soon as the swaps are completed. In some cases, such projects turn out to be scams and investors are the ones bearing the losses.
2- BUG-RIDDEN SMART CONTRACTS
Smart Contracts are by far one of the best ways to protect information and flow of transactions in the DeFi industry.
But, when the contracts are poorly written or filled with bugs, it wouldn’t be long before the entire purpose is defeated.
3- INSUFFICIENT LIQUIDITY
You know already that liquidity is one of the sustainable forces for decentralized transactions to hold.
It appears that new DeFi assets don’t have sufficient liquidity ahead of their listing on Automated Market Makers (AMMs) and Decentralized Exchanges (DEXs).
THE POOLZ SOLUTION
Liquidity and bug-ridden smart contracts can be resolved via the decentralized, layer-3 swapping protocol provided by Poolz.
Have you always wanted to trade DeFi assets, but you are not sure of risking your investments based on the current market challenges?
Here are some of the working features that the Poolz Decentralized Swapping protocol has in place to ensure the simplified bootstrapping of liquidity for DeFi assets.
1- Auditable Smart Contracts
Empowering Smart Contracts is an innovative step towards returning power to DeFi investors while creating an opening for optimal security and transparency.
The first thing Poolz does is to use Solidity as the architecture for developing the back end of the platform’s Smart Contracts. Through that medium, the funds of the users will be held in auditable Smart Contracts.
At the same time, layered inheritance in the Poolz MVP, achievement of complex member variables for optimal security and hierarchical mapping will be achieved.
2- Layer-3 Swapping Protocol
The current standard in the DeFi industry is that crypto tokens must first be through with their early-stage bootstrapping before they are launched or listed on Decentralized Exchanges (DEXs) like Uniswap.
That standard does not only take time, but causes the investors to spend more money as they try to provide liquidity for such tokens.
What if there was a way to bypass all that? There is and that is the essence of the Layer-3 Swapping Protocol used by Poolz.
What this protocol does is to serve as a bridge that connects DeFi project innovators and investors.
That way, it becomes easier to facilitate the listing of such DeFi assets into select DEXs and AMMs.
CONCLUSION
Poolz is on a mission to disrupt and fully decentralize liquidity actions so that blockchain-cryptocurrency innovators and investors can adopt DeFi assets with ease via the cross-chain interoperability.
USEFUL LINKS
Website: https://poolzdefi.com/
LitePaper: https://docs.poolzdefi.com/whitepaper/litepaper
Join Poolz Telegram Community: https://t.me/PoolzOfficialCommunity
Twitter: https://twitter.com/Poolz
Medium: https://medium.com/@Poolz
Github: https://github.com/PoolzAdmin/Poolz
Discord: https://discord.com/invite/RgPjgUY
Telegram Channel: https://t.me/Poolz_Announcement
AUTHORS DETAILS
Bitcointalk Username: Gopalwu
Bitcointalk Profile Link: https://bitcointalk.org/index.php?action=profile;u=2759913;sa=summary
POA: https://bitcointalk.org/index.php?topic=5280470.msg55353936#msg55353936