Decentralized Finance (DeFi) Development Services Company


Posted On Sep 24, 2020 08:17 PM

DeFi Development Company

DeFi is a decentralized finance which is becoming a center of attraction in FinTech Industry, as there is a massive migration of people moving from the traditional FinTech industry to the decentralized financial network. On demand high-end DeFi solutions are provided by our team in SellBitBuy.As we can find a noticeable & serious growth in this sector, it is essential to move into the DeFi decentralized ecosystem as quickly as possible.

DeFi ”, decentralized finance business may sound new & creepy to the one’s who enter into the decentralized cryptocurrency exchange network. But the thing is “rapid evolution & demand in DeFi”, have resulted in developing DeFi projects, DeFi token development, DeFi wallet development, DeFi Dapps development by the DeFi development company across borders. 

SellBitBuy - Leading DeFi Development Company offers a world-class exclusive token development services & protocol development services for your independent financial business solutions across borders. Our team, has skillful experts who are experts in providing the secured token development services for the lending & borrowing decentralized financial industry. We also offer a stunning peer-to-peer (P2P) decentralized smart contracts that assures you that your DeFi platform is out of terrific vulnerable attacks.

In 2020, there is no limit & restrictions to operate decentralized finance, so never ever delay to start your own profitable business! Now, just take a look at the valuable piece of information that gives you a clear cut about DeFi, working principles of DeFi, DeFi decentralized applications, advantages in it & much more.           

DeFi Development Solutions

DeFi Development solutions are widely offered by any company, but I suggest you to choose the right one. Our team in SellBitBuy have complete knowledge in DeFi as we are masters in developing a stunning DeFi exchange platform, DeFi wallet & token development, Dapps for DeFi, Smart Contracts & more to deliver entire DeFi solutions to clients across the globe. High secured DeFi development solutions & services from our team keeps your DeFi applications & platform free from hacks & malicious attacks.  

DeFi Development Services

SellBitBuy - Leading DeFi Dapps Development company works on giving excellent results in our projects to our customers across the world. Skilled experts in our company are well trained & have 5+ years of industry experience in various fields. We offer quick delivery of projects to our clients with expected quality. 

DeFi DApp Development Company - SellBitBuy

SellBitBuy - Leading DeFi DApsp Development Company aims to offer complete financial services that fit into the decentralized applications. Fast-growing decentralized concepts like DeFi perfectly works in the application that runs on the distributed network. Since the working principle of DeFi is in the P2P network, it offers slower performance. Our team takes a huge account of the performance & security of DApps & eliminates the pitfalls in it.  

                                                             

What is DeFi (Decentralized Finance)? A Complete Guide

Table of contents: 

  1. What is DeFi?
  2. How does DeFi work?
  3. Importance & Why DeFi in 2020?
  4. DeFi Vs Traditional Finance
  5. DeFi Vs Open Banking
  6. DeFi applications (dApps).
  7. DeFi In Various Fields
  8. Unique benefits of Defi. 
  9. DeFi Protocols
  10. Challenges in DeFi
  11. SellBitBuy - Overcomes Challenges faced by DeFi
  12. Business prospects in DeFi.
  13. Build your DeFi application. 
  14. Why Stablecoins In DeFi?
  15. DeFi Use Cases
  16. DeFi Development Services By SellBitBuy
  17. DeFi Projects In 2020
  18. Future of DeFi
  19. Why To Choose SellBitBuy for DeFi Token Development?
  20. DeFi Development Company - SellBitBuy`

What is DeFi (Decentralized Finance)?

Decentralized Finance is an open alternative to all your traditional finance services. The entire financial system is decentralized which means there’s no intermediary. Hence, low transaction fees, more security, and better ownership over your funds. 

Example: You buy a sandwich at Subway. You make an online payment. There’s a bank between you and Subway. It takes its share of the transaction fee and then processes the payment. Sometimes it gets delayed, sometimes it doesn’t function.

Such a third-party is completely eliminated in decentralized finance. 

There’s no mediator. You pay directly without the help of a bank. 

But that’s not all about DeFi. There’s more to it. 

How does DeFi work?

The absence of a mediator in DeFi is because of the presence of smart contracts. 

Smart contracts are pre-coded, automated agreements that functions based on conditions using blockchain technology. They don’t need a bank or lawyer to function. 

Example: You wish to send $4 for a sandwich only when Subway delivers at your home. This condition is coded on the smart contract. Once the condition is fulfilled, the transactions take place on its own.

Smart contracts are efficiently powered by Ethereum. Hence, a majority of the DeFi based projects are built on Ethereum networks. 

DeFi is not just restricted to purchase options. It plays major roles in various other financial services.

Importance & Why DeFi in 2020?

DeFi is emerging day by day, as the rapid growth in DeFi is trying to take expansion in the Blockchain. Over $7 billion worth of cash is separated for Ethereum Smart Contracts by DeFi makes this decentralized financial ecosystem active in modern times. Mainly DeFi is trying to overcome the failures & inconvenience faced by traditional finance. Intermediaries take control of the financial services in the traditional ecosystem & an increase in the cost of financial services massively. Whereas DeFi strictly stops such activities by offering predefined protocols, so by analyzing it now the individuals are making use of this opportunity to kick start this business while the expansion of DeFi space occurs. 

DeFi Vs Traditional Finance

Huge underlying differences exist between DeFi & traditional finance

1. DeFi offers Open finance solutions to everyone in this world irrespective of boundaries. Unlike traditional finance, DeFi do not have a central authority for taking control & monitoring purposes
2. Auto execution of DeFi ecosystem effectively functions by 24/7 & people can make use of it in any electronic gadgets.
3. Permssionless DeFi process the intermediary request & response quickly.
4. Unlimited money support is a huge highlight in DeFi that makes people turn around.
5. Peer-to-peer loans, flash loans, insurance, savings makes DeFi unique & special.

DeFi Vs Open Banking

This Concept may sound new for the beginners when we explore open banking with DeFi space. Well, differentiating both of it, the open banking for sure termed as the central authority that certain criteria & rules for providing loans. Whereas considering DeFi solutions, huge flash loans & lending of cash is instantly done without the third party disturbance. Massive growth in the economic crisis results in people moving towards the financial services which use public distributed ledgers. 

DeFi applications (dApps)

Decentralized applications are called as dApps. Major dApps in the current crypto industry are as follows. 

  • Decentralized exchanges (DEXs)
  • Stablecoins
  • Lending platform
  • ‘Wrapped’ Bitcoins (WBTC)
  • Prediction markets
  • Yield farming
  • Liquidity mining
  • Money legos

They offer the following services (in no particular order). 

  • Direct purchase.
  • Lending.
  • Borrowing.
  • Insurance. 
  • Crowdfunding. 
  • Betting. 
  • Cryptocurrency Exchange. 

Example 1: 

In Compound, users can deposit cryptocurrencies as collateral and borrow/lend crypto funds. While users hold crypto coins and wait for the value to increase, they can lend and earn passive income. 

Example 2: 

Uniswap helps users exchange ERC-20 tokens without order book, liquidity, or any demand. Ethereum tokens are swapped in liquidity pools. Also, users who contribute to such pools earn a provider fee of 0.3%. 

Example 3: 

Yearn links DeFi protocols such as Compound, Aave, and Curve to maximize token lending. Users can deposit and move their tokens from one pool to another and yield higher returns. 

Avail loans without a credit score check. Exchange tokens without an order book. Deposit funds and generate passive income while you sleep. 

Innovative DeFi applications continue to rise. 

Yet, the concept - ‘No Middlemen’ - remains constant. 

DeFi In Various Fields

Multiple distinct fields where DeFi services are passionately involved is listed below,

  • Insurance
  • Lending & Borrowing
  • Staking
  • Payments
  • Asset Management
  • DAOs
  • DEX(Decentralized Exchanges)
  • Margin Trading
  • Tokenization of Assets
  • Stablecoins

Unique benefits of DeFi

  • Transparent code - The entire code is available on the blockchain for public audit. It creates trust and resolves bugs instantly. However, transactions remain pseudonymous. 
  • Global access - More than 200 million adults in the world earn in cash. They have smartphones but a bank account. DeFi services help them own their financial rights equally. 
  • Permissionless - No gatekeepers. Anyone can create dApps and offer it to the world. 
  • Money Legos - DeFi apps are interoperable. It means, just like lego blocks, one DeFi app can be built on another and the services can be widened through one source. 
  • Self-Custody - Monitoring the assets by the participants of DeFi by 24/7 & takes complete control of their own wallets.
  • Interoperability - Offer flexibility to take control of the DeFi protocols. Integration with third-party applications & customizations makes the platform totally interoperable.
  • Immutability - Smart Contracts launched on the top of Blockchain increases the security level to a massive height.
  • Programmability - High-level programming perfectly carries out the financial task automatically & creation of digital assets as well.

DeFi Protocols

DeFi Protocol's purpose is to process numerous P2P financial services in the online marketplace. It ranges to offer excellent exchanging, lending, borrowing services globally at a faster rate. 

Take a look at some of the integrated protocols of DeFi

  • Borrowing & Lending 
  • Trading
  • DeFi Wallets

Above listed protocols works on the decentralized ecosystem that transforms the old financial process completely into the transparent DeFi protocols. Since DeFi projects run without the need for the intermediaries complete transparency over the funds & security is totally essential.

Challenges in DeFi

1.Scams & fraudulent attacks

Vulnerable attacks & hacks by hackers is one of the major challenges faced in real-time. 

2. No Privacy

Drawbacks considered in DeFi is about a huge lack of privacy. Since DeFi promises the world by offering global open-source financial services, it acts permissionless which is sometimes considered as a privacy lack. On the other hand permissionless is taken as a huge boon in DeFi carrying out the financial operations.

3. Security
 Bridging the gap in developing a secured DeFi ecosystem is still under consideration.

4. Efficiency

As this financial industry runs on the multiple P2P networks using public distributed ledger a strong code &  better functionalities improve the performance of your DeFi applications in terms of speed & security. 
5. UI/UX 
User's needs to get adapted to this new FinTech industry & that's why requiring multiple stages of UI/UX designs offers a better user engagement. 

SellBitBuy - Overcomes Challenges faced by DeFi

Overcoming challenges in DeFi is not a big deal. Even though DeFi faces multiple problems in the real world there are certain advantages that make people to strictly choose DeFi at any circumstances. Experts in SellBitBuy overcome the above challenges in the following ways.

  1. We promise to provide trustful decentralized finance applications to our clients by introducing Smart Contracts, which is absolutely safe and gets rid of violent attacks & scams.
  2. Blockchain in DeFi gives full-fledged access in offering collateralized loans & flash loans, so the financial data of transaction records are stored in the Blockchain. It is kept secure as you can get a strong secured DeFi platform coded with a high-level programming language.
  3. Optimization of the DeFi DApps will bring you a better functionality & performance boost in your decentralized applications.
  4. Offer guaranteed transparency as the open financial services run on the top of public blockchains. 
  5. Soliditary code in your Smart Contracts makes the code unalterable by any entity. Even it eliminates the need for third parties/ intermediaries completely & it switch over to the automation process. 

Business prospects in DeFi

Decentralized finance is the buzzword in today’s finance market. Its growth in recent years is too high to believe. It’s faster, more secure, and unanimous. Hence, DeFi is the future. 

                                                2017 - $2.1 Million.                               2020 - $15 Billion.

 

  • Aave’s native coin has grown by 1600% since January 2020. 
  • Synthetix Network Token’s value surged by 600% in just two months. 

75% of the world’s leading banks have already adopted blockchain technology. Some of them are, 

  • Goldman Sachs.
  • Barclays. 
  • HSBC. 
  • JP Morgan. 

Build your DeFi application. 

Sellbitbuy helps you build your DeFi application (dApps) like Yearn finance or Uniswap. Also, clients’ other innovative DeFi protocols can also be developed with the support of our tech-driven team of blockchain architects and developers.  

  • DeFi’s scope is beyond the future. 
  • DeFi’s growth is beyond comprehension. 
  • DeFi’s profit is beyond calculations. 

And we get that chance only once in 50 years, says Alex Pack, managing director at Dragonfly Capital. 

“The goal of DeFi is to reconstruct the banking system for the whole world in this open, permissionless way,” says Alex Pack, managing partner at Dragonfly Capital, a $100 million crypto fund. “You only get that shot every 50 years.”

Contact us anytime. 

We help you build a secure financial future for the world.

Why Stablecoins In DeFi?

Stablecoins - As the name suggest stablecoins adds stability by pairing the tenets of the blockchain. It should be considered in financial assets as it brings monetary functions of your digital assets. Price stability should never be missed out in DeFi as it efficiently monitors exchange medium, store of value, account units. In DeFi stablecoins are one of the highly spoken use case in offering a popular DeFi projects into the modern world. As the price volatility is frequently changing in the crypto world stabelcoins should be taken into a serious account. 

DeFi Use Cases

Plenty of uses cases are existing in DeFi, let me convey the most important ones to you.
 
1. Lending
DeFi applications consider one of the major decentralized protocols as lending & borrowing. Considering from the user's point of view multiple advantages in funding, lending & borrowing will certainly point a user to switch over to the independent decentralized financial ecosystem for a long term. Faster lending rates & cost effective lending feature can be offered by no one other than "DeFi".
 
2. Crypto wallet Insurance
Insurance are added to the crypto wallet to prevent security breaches & risk management. Years of research ended up in summary that states this use case should'nt be missed & a much needed great use case in DeFi space.
 
3. Decentralized Marketplace
No third party involvement & disturbance that ranks DeFi in top. Digital assets/virtual currencies can be traded independently where trades are performed in a P2P fashion. Making a happier trade as the trading fee is absolutely less. 
 
4. Crypto Backed Loans   
Loans are offered by the insurance policy. Collateralized crypto backed loans are safeguarded and secure as an wonderful application of decentralized finance.  
 
5. Capital Markets
 A wide potential is offered by DeFi to propel decentralized finance by provinding tokenization & securities.
 

DeFi Development Services By SellBitBuy

SellBitBuy - Top Notch DeFi Development Company completely dedicates in offering a entire decentralized financial business solutions across boundaries. Creating your own DeFi environment is not far away if you stay in touch with our qualified experts. 
 
1. DeFi Dapps Development
DApps has a huge potential & functionality that has a backend code. Merging DeFi into Dapps even over more transparency of digital assets & grants huge security. 
 
2. DeFi Token Development
All eyes are on the DeFi tokens & demandful in 2020 for developing DeFi tokens. Price value of such DeFi tokens resulted created a positive impact in generating tokens into the DeFi world. 
 
3. DeFi Lending & borrowing platform development
Get a faster lending of funds on a open source DeFi network in a easier rate that wades goodbye's to the centralized finance industry. Complete full support for 24/7 is offered by engaging to bring out the secured protocols in a DeFi lending platform.   
 
4. DeFi Wallet Development
DeFi wallet development by SellBitBuy offer a gauranteed store place of all the digital assets/virtual currencies. If you look for the top secured wallet development to avoid theft then simply go for our DeFi Wallet Development services.  
 
5. DeFi Smart Contract Development
DeFi Smart Contract services offered by our team provide a secured deployement of DeFi projects to our clients. Solidity based languages gives a automated functions of  financial trading process in a P2P network.  
 
6. DeFi Decentralized Exchange Platform Development
Decentralized exchanges offer totally transparency that keeps out of risk involved in this network. Price manipulation & risk in hacking are eliminated if security is taken as a major concern. Experts in our team offer a high-end decentralized exchanges for DeFi. 

DeFi Projects In 2020

Take a quick view of DeFi projects existing in the independent financial marketplace. 
 
1. Uniswap
2. Yearn Finance
3. Curve Finance
4. Maker DAO
5. dHedge
6. Compound
7. Serum
8. Orion protocol

Future of DeFi

DeFi's Growth is invitable & our future is driving to make a impact on making a conventional finance into convenience. Covid pandemic indirectly proves it, as even we are capable of trying to adapt to the world of internet for even our daily grocery chores. Offcourse, anyone can strongly say the future of finance is decentralized &that's "DeFi". Evitable growth in the individual players on the FinTech industry makes a increasing demand & brings popularity to DeFi.  

Why Choose SellBitBuy for DeFi Development?

You are near to get a takeaway from this article. I am going to list out the key factors that persist you to choose our SellBitBuy for entire DeFi business solutions. 

  1. 5+ years of Blockchain & crypto exchange development services & solutions
  2. On-time DeFi project delivery with excellent quality.
  3. We classify the Client's requirements & satisfy their needs.
  4. Our team, offers you the Eye-catchy UI for your DeFi platform/Dapps.
  5. Top-notch DeFi development service provider in the modern world.
  6. Well dedicated team of professionals.
  7. Get excellent response of enquiries
  8. We dedicate ourself in deploying excellent projects & customer satisfaction
  9. Relish excellent 24/7 customer support as we are here to help you at any time.
  10. SellBitBuy is known for enhancing the secured DeFi platform for a great start. 

DeFi Development Company - SellBitBuy

SellBitBuy - A Top Notch DeFi Development Company, offers a complete end to end decentralized financial solutions for enterprise, startups, small scale & large scale business & more. We greatly offer classy highly secured decentralized applications for the financial industry, blockchain development solutions, decentralized cryptocurrency exchange development & entire business concepts that fit into the crypto & blockchain world. Our wonderful outcome in work results is definitely a factor that you should look for in SellBitBuy. 

Explore more about our other services & never hesitate to connect with our experts!

Happy to help you at any time!

Good day!

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Sellbitbuy is the Top-Notch Bitcoin & Cryptocurrency Exchange Development Company having 5+ years of industry experience. We provide business ready Bitcoin exchange clone scripts like localbitcoins, Remitano, Paxful and much more which enable you to create your own P2P Exchange Trading Website instantly.

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