Ondefy is a project designed to facilitate access to DeFi for its users. Decentralized finance is still difficult to grasp for many people. With so many different platforms and protocols, users can quickly get lost. In this ocean where it is difficult to navigate, Ondefy is on a mission to get his crew to port. The question is: How do they intend to do it? Find out with us how Ondefy intends to succeed in this ambitious project.
Le Journal du Coin brings you this promotional article in collaboration with Ondefy.
Use Ondefy for simple access to decentralized finance
Today, to access « DeFi », and the various tokens present on each blockchain network, you have to go through many more or less complex steps. Connecting to different platforms, and using protocols that you’re not always 100% sure you understand. A considerable obstacle for new users.
In order to simplify all this, Ondefy would first like to aggregate the DeFi on a single platform with an abstraction layer. As a result, users will no longer need to navigate from one site to another to carry out their various protocol interactions. They’ll be able to do it all from a single « DeFi superapp » proposing perfect interoperability between different blockchains.
For all that, Ondefy acts as an overlay, a kind of interface. In other words, when you use Ondefy, you use the protocols present on DeFi. Ondefy gives you a better user experience and interact efficiently with these services, enabling you to choose those offering you the best prices.
To start making full use of Ondefy, you can go through the following steps:
Create a wallet with a simple e-mail address
With magic.link applicationthe use of seed-phrases and the installation of an extension become obsolete. You can now create a wallet with a simple e-mail addresswithout any password. Magic.link will send you a unique link by e-mail to authenticate yourself when you wish to do so. You can also activate double authentication or other means, such as SMS text messaging, for added security.
Buy a token at the best price
One time your wallet created thanks to Magic.link, you can start using the Ondefy app to buy your cryptos at the best price.
The Meta DEX Aggregator present in the swap section is a Meta aggregator that aggregates other well-known decentralized exchange (DEX) aggregators, such as Paraswap. These protocols will look for the best price on the various decentralized exchanges that exist, and the Meta DEX Aggregator will look for the best price on all DEX aggregators. This way, you can be sure of getting the best price for any swap, while having access to greater liquidity.
The Meta DEX Aggregator uses no router, acting only as a simplified overlay allowing you to interact directly with the following DEX aggregators: Paraswap, Matcha, 1inch, Kyberswap and LiFi. You continue to benefit from their security like organized airdrops on these tools. For the moment, this tool covers 9 EVM networks such as Ethereum, Polygon, Binance Chain, Arbitrum, Optimisim, Celo, Fantom, Avalanche and most recently zkSync.
Since its launch, Ondefy’s total volume has exceeded 13 million dollars and more than 17,000 users!
Track your assets in My Wallet
Once you’ve used the Meta DEX Aggregator to get the best price for your swap, you can also track the price of all your crypto-assets from the My Wallet. The tokens present in your wallet on the different blockchains will be shown on this page. The allocation percentage for each token will also be displayed.
Ondefy’s bonus tool: the widget
Ondefy has also created a embeddable widget on any project in just a few clicks. It allows your users to buy any on-chain token directly with a credit card. It simplifies access to cryptos that remain difficult for beginners. You can think of it as Uniswap, which accepts fiat directly. Many projects have already integrated it into their sites.
A Hyperchain on zkSync for Ondefy’s future?
Perhaps you’ve read the Zksync has just released its innovative zkStack. A major advance that will greatly facilitate the creation of Ondefy’s own chain. This capability holds enormous potential for the democratization of DeFi. Indeed, the future and adoption of applications and protocols depends on their ability to deploy their own chains, and zkSync now makes this possible in a very simple way, thanks to its hyperchains and hyperbridges.
Building your own hyperchain gives applications like Ondefy enhanced scalability and customization. Applications can process more transactions, and more efficiently.by adapting blockchain parameters to their specific needs. This structure enables faster transaction speeds, cost savings, and the flexibility to innovate without being tied to the constraints of a major blockchain platform like Ethereum.
For Ondefythe deployment of such a structure is still in its early stages. Indeed, a hyperchain offers many advantages, but it also presents challenges. Development, resources, security, a dedicated user base – resolving all these issues can be complex. That’s why, to prepare for this next stage, the project is looking to expand its audience, and bring new users on board. Will you give them a chance?