DeFi Smart Contract Development: a Guide

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DeFi Smart Contract Development a Guide
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What Is DeFi Smart Contract Development?

• It controls the functioning of DApps and is the
  cornerstone of the Decentralized Finance
  ecosystem. It is automated based on specific
  terms and conditions. 
• It can be deployed on various blockchain
  platforms like Ethereum, TRON, and EOS. 
• It can be used by cryptocurrency exchanges,
  lending and borrowing platforms, stablecoin
  developers, prediction markets, and asset
  management companies. 
• Both entrepreneurs and customers will benefit
  significantly by using DeFi smart contracts.

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Importance of DeFi Smart Contracts for Dapps

• The funds of the users are safely locked up in
  smart contracts. The transactions made on the
  blockchain network using smart contracts are
  non-alterable. 
• No errors or bugs will occur on the platform as
  human intervention is eliminated through 100
  digitization of business operations. 
• Users retain full control over their assets and
  funds due to the absence of any intermediaries in
  the system. 
• It ensures low transaction costs, greater
  security, prevents frauds, and provides adequate
  liquidity.

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Benefits of Using DeFi Smart Contract

• Lightning-fast processing of transactions is
  ensured and funds will be settled fast.
• It ensures complete decentralization ensuring
  more freedom and flexibility for a user without
  any restrictions. 
• It removes the need for bulk paper storage which
  is highly cumbersome. 
• It maintains a high level of transparency as the
  transmission of information is done uniformly and
  available to everyone at a glance.

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What Services Can Be Rendered by a DeFi Smart
Contract Development Company?

• They can prepare smart contracts for different
  businesses like lending and borrowing, insurance,
  providing banking services, and market
  prediction. 
• They can audit the quality of the code thoroughly
  which would help in eliminating vulnerabilities.
  This will ensure more trust and increase the
  demand for your product by the users. 
• They can optimize the functioning of the smart
  contract by upgrading the code which would lead
  to faster execution and improved accuracy. This
  will ultimately contribute to better
  performance. 
• They can re-audit your smart contract from
  scratch preventing any crisis. This will create
  confidence in the minds of the users to utilize
  your various DeFi applications.

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Popular DeFi Smart Contracts Already in Existence
in Different Projects

• MakerDAO - They have a stablecoin named DAI which
  also acts as a decentralized digital currency.
  The holders of DAI will have the right to
  participate in the decentralized governance of
  the platform through voting rights and decision
  making. 
• Compound - It is an autonomous interest rate
  protocol that runs on the Ethereum blockchain
  network The interest rate offered to the users
  depends on the market dynamics. It is used by
  crypto exchanges, asset managers, and portfolio
  managers. 
• Uniswap - It is a decentralized protocol for
  automated liquidity provision on Ethereum. The
  liquidity providers will receive UNI, a
  governance token offered by the Uniswap protocol.
  It is used as voting rights to participate in the
  governance of Uniswap. 
• Dharma - It is a lending platform that has listed
  more than 2000 DeFi assets on its platform. It
  offers a non-custodial smart wallet for the
  users. More than 4 million token pairs can be
  accessed on Dharma. Users can earn interest
  income on their crypto holdings.

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Why Choose Blockchain App Factory for DeFi Smart
Contract Development

• They have knowledgeable blockchain developers who
  use Solidity programming language and ensure
  end-to-end encryption in DeFi smart contracts. 
• They will ensure that your business receives a
  lot of capital inflow and tremendous growth
  opportunities. 
• 24X7 technical support is rendered in multiple
  languages post the deployment of the smart
  contract in your operations. 
• The project will be delivered on time with the
  best features at an affordable cost.

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• Contact usWebsite https//www.blockchainappfac
  tory.com/smart-contract-development
  Email Id info_at_blockchainappfactory.com
  Contact No 91 6382 665 366