The DeFi system affords users similar services as CeFi, such as borrowing, lending, staking, and trading. Although the DeFi sector’s lending service is not as popular as in CeFi, it has gained momentum in recent years, with many DeFi platforms like ADD.XYZ capturing the market share.
The increase in crypto saving, particularly of stablecoins, prompted the lending function. Some common cryptocurrencies that DeFi organizations lend out include DAI and USDC. The good thing is that anyone can lend and earn from their idle crypto assets.
ADD.XYZ is a DeFi aggregator involved with different DeFi products and applications, enabling users to access essential services such as lending. The primary function of ADD.XYZ is lending out cryptocurrencies.
ADD.XYZ helps users switch from one lending protocol to another and allow them to trade with multiple decentralized exchanges. Users can also efficiently utilize different base layer chains, thereby enjoying convenience in the DeFi ecosystem.
To achieve the goal of facilitating smooth lending, ADD.XYZ standardizes communication between various DeFi protocols to execute different financial transactions. The hallmark of ADD.XYZ is the maintenance of privacy, anonymity, and user sovereignty when carrying out transactions. For instance, users benefit from true sovereignty when creating income streams on the DeFi ecosystem, where they can lend their cryptocurrencies and earn from them.
Although ADD.XYZ started with the lending aggregation; it also aims to be a general DeFi aggregator, dealing with ETH Mixers, purchasing insurances, and mobile money credits. It also integrates contracts into wallets, exchanges, and institutional pools. Thus, ADD.XYZ connects pockets of liquidity with the DeFi ecosystem.
Due to the full-stake DeFi aggregation, ADD.XYZ reduces transaction costs for end uses. Users also experience great convenience since they do not need to hop from one browser to another to perform and confirm transactions such as the purchase of insurance, lending, or accessing derivatives.
This is because the ADD.XYZ protocol, built on the ethereum blockchain, makes it possible for users to make transactions across multiple protocols, wallets, and currencies from a single platform. Apart from dealing with individual users, ADD.XYZ deals with different institutional customers. It offers enterprises several products such as Aggregated DeFi lending, Fiat to crypto saving bridges, Mobile credits to DeFi, and DeFi debit cards.
ADD.XYZ aims to offer a secure and convenient service to its clients. People make choices of their best wallets. Currently, ADD.XYZ supports an array of wallets that include MetaMask, Formatic, Ledger, Trezor, Portis, Walletconnect, and Authereum.
The native mobile wallet app will perform standard functions like balance and portfolio features. It will also include specific DeFi aggregation features like lending, yield farming, and visa card accessibility, among others.
ADD.XYZ has the following competitive advantages:
- It provides full decentralization and enables users to control their identities.
- There is integration of on-chain and off-chain privacy to protect transactions of individuals from third parties.
- Users have full control of their cryptocurrencies since ADD.XYZ offers non-custodial solutions to their needs.
- Also, users generate up to 15% APR on the crypto assets under ADD. XYZ’s control.
As for service providers, ADD.XYZ has a DeFi-as-a service feature, where enterprises can use their SDKs and APIs to create new streams of income. They can also benefit from liquidity for digital wallets and exchanges.
In summary, ADD.XYZ offers DeFi aggregation services, focusing mainly but not limited to lending. This creates a quality product experience for its individual and organizational clients who can lend and earn from the platform.