The problem CrossFi solves

The prevailing lack of an integrated platform for trading and managing assets across multiple blockchain ecosystems is a notable impediment. Each blockchain operates within its silo, leading to fragmented liquidity pools and restricted access to trading opportunities. This fragmentation exacts a toll in the form of elevated transaction costs and intricate procedures when transferring assets between disparate chains.
Compounding this predicament is the absence of fundamental risk management tools that underpin conventional finance. DeFi investors are deprived of vital order types, including Limit Market, Stop Market, Bracket, and Dollar Cost Averaging (DCA). Devoid of these pivotal tools, traders are left ill-equipped to execute optimal strategies, curtail losses, and amplify profits.
"CrossFi" steps in as a groundbreaking platform, seamlessly weaving together the fabric of diverse blockchain ecosystems like Moonbeam, Fantom Opera, and Binance Smart Chain. This integration lays the foundation for a harmonious trading experience, abolishing the need for cumbersome manual transfers or resource-intensive bridge mechanisms.
The platform's innovation extends to introducing an array of advanced order types – Limit Market, Stop Market, Bracket, and DCA – instilling users with unmatched risk management prowess. This critical augmentation addresses a glaring deficiency in the DeFi landscape, empowering traders to proactively strategize, mitigate losses, and maximize gains. The automation of these strategies slashes the requirement for constant surveillance, enabling users to make informed decisions without being shackled to their screens.
Furthermore, "CrossFi" harnesses the power of interconnected contracts and leverages the Axelar technology, affording the seamless interplay of multiple chains. Users can effortlessly interface with a singular contract on their native chain, reaping the rewards of diversified trading prospects and liquidity across disparate chains.

Challenges I ran into

Developing "CrossFi" came with intricate challenges that demanded ingenious solutions:

1. Blockchain Interoperability: Unifying Moonbeam, Fantom Opera, and Binance Smart Chain posed integration complexities, as each chain operates uniquely.

2. Cross-Chain Communication: Ensuring secure data transfer and communication between chains without compromising trust required strategic measures.

3. Smart Contract Standardization: Adhering to diverse smart contract standards for different chains while ensuring compatibility and security demanded meticulous standardization efforts.

4. Axelar Integration: Seamlessly integrating with Axelar for cross-chain communication involved mastering Axelar's protocol intricacies.

5. Decentralized Sequencing: Balancing decentralization with efficiency in sequencing to avoid centralization issues proved a delicate task.

6. Automated Risk Management: Developing secure Bracket and DCA orders in smart contracts necessitated meticulous logic and rigorous testing.

7. Gas Optimization: Striking a balance between gas cost optimization and transaction security required meticulous fine-tuning.

8. User Experience: Crafting an intuitive UI/UX to navigate diverse chains seamlessly and provide transparent information to users posed design challenges.

9. Security Audits: Rigorous security audits were crucial to thwart potential vulnerabilities and smart contract exploits.

10. Regulatory Compliance: Addressing regulatory concerns across jurisdictions while enabling cross-chain trading demanded legal insights.

11. Scaling Challenges: Scaling the platform for increased user adoption and transactions while maintaining performance was a crucial consideration.

12. Educational Barriers: Educating users about innovative order types and cross-chain concepts required effective educational strategies.