Last updated: 03 April 2022 03:43 PM
Decentralized markets have their own advantages and disadvantages. While DeFi offers many potential benefits, the downsides impede mainstream adoption.
All of the issues below are holding the decentralized financial system back from normal users adoption.
Normal people don’t understand technicalities like staking, lending, pool, etc. Nowadays if anyone wants to invest in defi protocols they first need to learn about defi, different types of defi protocols, etc.
This makes them hesitate to get into defi. But what they already know is about the traditional banking system. So we decided to integrate defi into the traditional banking environment. With Cryptoneo people don’t think about backend work done by defi protocol.
❤️ Polygon - All contracts are deployed on Polygon Mumbai and Ropsten Testnet.
🚀 Alchemy - For super speedy RPC node and in future for push notification.
💾 IPFS - Distributed Storage of encrypted user profiles, loan details, and all other important info.
⌛️ The Graph - For indexing and organizing real-time blockchain data.
⛓ Chainlink - Price feeds for calculating interest earned.
✨ Gelato Ops - To redeem Fds