Web Dapps

Set of apps for working with decentralized finances and crypto-assets dapps is an inseparable part of the ecosystem with desktop and web-client availability. Dapps contains all necessary functionality for working decentralized finances and crypto-assets. It allows users to connect/manage cryptocurrency wallets, swap assets, invest and monitor platform information.
Main units of dapps:
  • Wallet management unit
  • Swap unit
  • Informative units (Audit, Blog)

Wallet management unit

Cryptowallet or wallet is a service that stores the public and/or private keys for cryptocurrency transactions and allows to get access to assets. The app allows the creation and connection of external wallets despite their allocation network. Adding located on BSC Network is shown as an example:
With wallet management unit users will be able to:
  • Add/create wallets
  • Send/receive assets
  • Buy/add a new token

Swap unit

The existence of different cryptocurrencies and blockchains contributes to a huge number of conversions between them. The swap unit provides functionality to convert assets from one cryptocurrency to another. For swap operation, the user will be provided with all necessary data. A swap operation between $NEK and BNB is described below as an example:
Conversion could be performed even between different blockchains. For such conversions, a cross-chain bridge was deployed. A cross-chain bridge enables crypto holders to migrate their assets from one blockchain onto another, exploiting the benefits and features of both blockchains. It is the protocol that permits communication and interoperability between two different independent blockchains, in the absence of an intermediary.

Liquidity Pools

A liquidity pool is a crowdsourced pool of cryptocurrencies or tokens locked in a smart contract that is used to facilitate trades between the assets on a decentralized exchange.

The Role of Crypto Liquidity Pools in DeFi

Crypto liquidity pools play an essential role in the decentralized finance (DeFi) ecosystem — in particular when it comes to decentralized exchanges (DEXs). Liquidity pools are a mechanism by which users can pool their assets in a DEX’s smart contracts to provide asset liquidity for traders to swap between currencies. Liquidity pools provide much-needed liquidity, speed, and convenience to the DeFi ecosystem.