DeFi Development Company

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What is DeFi Development?

DeFi is Decentralized Finance replacing traditional finance with advanced technology. DeFi will replace traditional finance with the latest Blockchain technology and provide an efficient financial system equipped with a distributed ledger.

We at Blockwavy Technologies help an entrepreneur start their dream of digital business and become alive in a bewildered manner. Blockchain and Cryptocurrency are marking their footprints in enormous ways with the best use cases for integrating the latest technology in the financial sector.

DeFi Development is a process of developing a financial application with Blockchain technology in a Decentralized manner. It is an act of removing the central controlling authority over the user's digital assets and handing over complete authority to users.

Why It’s High Time to Step into the DeFi Market

DeFi or Decentralized Finance refers to financial services built on top of distributed networks with no central intermediaries. DeFi crypto market cap for today is $73,844,927,715.39 with a total trading volume of $4,718,116,399.94 in the last 24 hours.

DeFi market revenue is estimated to attain US$26,170.0m in 2024. DeFi is revenue expected to show an annual growth rate (CAGR 2024-2028) of 9.07% and total amount of US$37,040.0m by 2028. Rising demand for DeFi applications and platforms has been a key factor for the growth of the increased DeFi Market size.

https://www.zionmarketresearch.com/report/decentralized-finance-market

https://www.globenewswire.com/en/news-release/2023/09/12/2741851/0/en/Global-Decentralized-Finance-DeFi-Market-Size-to-Reach-USD-601-00-Billion-in-2032-Emergen-Research.html

Centralized Finance

Decentralised Finance

High due to a intermediaries / middleman.

Transaction Cost

Low due to straight-through processing with no middlemen.

Restricted due to banks’ operating hours.

Transaction speed

Varies depending on the processing incentive and validator load.

Low, requires extensive customer pre-qualification.

Service Accessibility

High, soft-to-zero credit checks.

Authorised and controlled by financial institutions(Banks).

Funds controls

Fund owners have complete control over their funds and operate them in a transparent P2P environment.

TradFi products are difficult to integrate.

Product Interoperability

DeFi applications are interoperable due to Blockchain network support interoperability.

Opaque servicing and funds transfer flows.

Transparency

Fully transparent due to clear incentive
structures.

No, preliminary authentication
is required.

Privacy

Full privacy.

Centrally controlled ledger.

Distributed Ledger

Decentralized distributed ledger
and transparent.

Are you ready to revolve around the future of finance with decentralized finance and ready to leverage DeFi market growth?

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DeFi Development Services

Lending/Borrowing

Lending / borrowing is the primary goal of the financial sector. We offer DeFi lending and borrowing platform development with the latest blockchain technology.

Smart contract

DeFi smart contract is entacting part of the defi platforms to operate efficiently with blockchain technology. To offer full-fledged decentralized finance DeFi smart contract plays a vital part it.

Dapp

Decentralized applications are run on the blockchain network in a decentralized manner similar to peer-to-peer utilizing transparency and distributed ledger technology eradicating modification.

Exchange

DeFi exchange offers the completeness of the decentralization of the user's financial decisions and authority over their assets. Exchange operates on Amm and smart contracts removing central control over the user's financial transactions.

Token

DeFi Tokens are an integral part of the DeFi applications where assets are used as tokens on platforms. The two main types of tokens involved in defi are utility and governance tokens. Utility tokens are the native tokens of the platform.

Wallet

DeFi wallets are non-custodial wallets and users have all access to their assets via their provided keys upon creation of the wallet. These wallet applications are developed with ease blockchain networks online.

Synthetic asset

DeFi crypto synthetic assets help to trade and invest in fiat currency over on the blockchain network. It helps traders ease access to crypto via derivatives that underlie real-time commodities like gold, silver, etc.

Insurance

DeFi insurance is a way of implementing insurance policies stored on the Blockchain with the help of smart contracts. It supports eradicating middlemen or agents, reduces paperwork costs, and provides transparency and trust.

Lottery

The DeFi lottery system helps automate the process via smart contracts and leverage the profit /rewards through the liquidity pools. The lottery issuer and participants collaborate via the defi platforms.

Benefits of DeFi Development

Smart contract

The smart contracts precisely return pre-meet conditions mutually discussed among the participants. Smartcontract helps attain immutable agreements.

High Security

Decentralized Platform offers highly secured automation processes in financial applications. With the help of distributed ledger technology, it helps acquire transparency and trustable transactions.

Pseudonymous

DeFi systems don't require identity information like KYC. This helps in performing the transactions efficiently in in case of utmost emergency without any delay in handling the transaction.

Global access

DeFi aims to facilitate decentralised financial transactions eradicating location barriers and it handles transactions based on their associated wallet address.

Interoperability

DeFi is developed on the Blockchain network and it provides ease of interoperability among the various blockchain networks like Ethereum, binancesmartchain, & Tron, etc.

Transparency

DeFi is preferred among businesses because of its high transparency acquired via distributed ledger technology. Each transaction is visible to all the participants.

DeFi Development Process

Research & Analysis

Research & Analysis of business needs, the needs of target audience / end-users, and development requirements for DeFi software.

Project road-mapping

Roadmap with DeFi project deliverables, duration, and budget and Providing a detailed development plan with project stages.

Designing for excellence

Wireframing with the best UX and UI design and choosing the right tech stack for DeFi platforms and on-chain and off-chain data storage, etc.

Token Economics

Token plays sole part of DeFi platforms and it should be created and define the token supply, demand, token value, and regulated token rights.

Development & Integrations

We are developing the front-end, back-end & smart contracts and integrating them with the API to connect to the DeX systems.

Quality Assurance

Performing vigorous testing on each development and integration of distributed ledger data and verifying performance and speed of the integrated process in DeFi platforms.

Deployment

Deployment involves connecting to the mainnet from the testnet and checking the performance of the live platform efficiency. Checking the compliance procedures.

DeFi Use Cases

Asset Management

Compliance & KYT

Data and Analytics

DeFi Exchange

Synthetic Assets

Tokenization

Digital Identity

Crowdfunding

Digital Payments

Why Choose Blockwavy For DeFi Development Services?

We are Blockwavy Technologies renowned blockchain application development company. We offer a wide range of Defi applications with the world’s best-class user experience and robust security to the user's funds and transactions.

Blockchain pioneers

We are blockchain experts in building blockchain-based applications and have an adroit team of blockchain architects. We have well-knowledgeable and experienced blockchain experts involved in building defi applications.
Customization

Each business's demands and goals vary depending upon the purpose of the business and the associated target audience of the platforms. We provide tailored approaches that satisfy business demands.
End-to-End Services

We offer end-to-end services starting from creativity, research, analysis, planning, wireframing, choosing the right tech stack, development, deployment, and post-launch support.
Security

We aim to develop well-secured defi platforms as security is significant in decentralized applications. Blockchain technology is well-secured in handling the transaction with the help of smart contracts.
Competitive price

We provide the best-in-class blockchain applications at affordable prices according to the client's business requirements. We provide a wide range of blockchain applications depending on the user's business demands and purpose.
24/7 Support

Having skilled business analysts, developers, designers, project heads, blockchain architects, and server-side experts handle the user issues on defi platforms in a prompt way to avoid security breaches and disputes.