The role of smart contracts in decentralized and cryptocurrency transactions is obvious. It is because of the innovations that come with the technology that makes it easier to scale trades on decentralized platforms.
That is also why intermediaries are literally chased out of the cryptocurrency trading system, and peer-to-peer transactions are upheld as the standard.
I am pleased to introduce MoonDeFi, a new on-chain ecosystem that utilizes the full potentials of smart contracts to scale cryptocurrency pair trades on liquidity pools.
In this article, I will reveal some of the Unique Selling Points (USP) of this new smart contract-powered platform that wants to bolster on-chain transactions as fast as possible.
ARBITRARY ETHEREUM PAIRS
One of the best attributes of liquidity protocols like Uniswap is that the platform opens up opportunities for traders to trade any type of crypto asset that is powered by the Ethereum blockchain.
As a smart contract-powered on-chain platform hosted on the Ethereum blockchain, MoonDeFi ensures that the unique opportunities in the Ethereum ecosystem are available for every investor.
Contrary to popular opinion that only ERC-20 tokens are mostly supported, MoonDeFi proves otherwise.
This time, you can conveniently trade on a variety of Ethereum-powered tokens courtesy of the creation of arbitrary ERC20/ERC20 pairs.
That way, you will have more opportunities to trade on other pairs aside from ETH and ERC20 token standards.
RELATIVE PRICE ACCUMULATION
You will agree that one of the most indecisive moments in cryptocurrency trading is when you are not sure of when to sell and when to buy.
As it stands, most traders are scared of trading on some liquidity protocols like Uniswap because of the discrepancies in prices of crypto assets in the pools.
For example, you will find out that the current price of a crypto asset on a liquidity protocol is still many dollars behind the actual price of the asset in a cryptocurrency exchange.
However, you wouldn't have to bother about the price impacts any longer because MoonDeFi uses a relative price accumulation strategy to find out the average price of crypto assets across different trading platforms.
Besides, the use of a hardened price oracle goes the extra mile to accumulate the prices of two assets at the beginning of each block that is created.
REDUCTION OF LIQUIDITY FRAGMENTATION
If there is any problem some liquidity protocol users are looking for how to tackle, it has to be the fragmentations in liquidity.
Of course, you know that liquidity is at the core of decentralized transactions because that will help in pushing the trades.
However, you needn't bother about those fragments any longer because MoonDeFi effectively tackles that by using Ethereum as the bridge currency.
The idea is that all the other supported trading pairs will be tagged to ETH for simplified trades.
Also, the importance of this model is to make routing simpler so that all the trading pairs will be processed via Ethereum.
CONCLUSION
MoonDeFi is an innovative liquidity protocol that excellently maximizes the opportunities presented by smart contracts to make crypto token swaps easier and flexible for everyone.
USEFUL LINKS:
Website: http://moondefi.org/
Medium: https://medium.com/@moondefigroup
Reddit: https://www.reddit.com/user/moondefi
Twitter: https://twitter.com/moondefi_info
Telegram Group: https://t.me/moondefiofficialgroup
Telegram Channel: https://t.me/moondefiofficial
AUTHOR’S DETAILS
Bitcointalk Username: Nancyo
Bitcointalk Profile: https://bitcointalk.org/index.php?action=profile;u=2759950;sa=summary
POA: https://bitcointalk.org/index.php?topic=5291354.msg55821080#msg55821080