Demodyfi is connecting the crypto ecosystem using interoperable technologies and Polkadot’s advanced substrate technology.
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Our mission is to accelerate the mass adoption of digital assets by bridging traditional and decentralized finance. Our project is a next-generation Blockchain DEX called Demodyfi.
The solution is to build an infrastructure that enables you to take control of your assets combining with easy use of access through UI/UX.
We want to share our passion and build value by enhancing and innovating monetary products in a decentralized way using blockchain. We also concluded that economies should be decentralized, yet rational, and that doing so would create a social impact.
Furthermore, we share Moonbeam & Polkadot’s values of technological agnosticism, interoperability, and cross-chain collaboration. “Demodyfi aims to become a key building block supporting the new, user-centric, crisis-resilient financial ecosystem.”
First AMM for Moonbeam which attracts liquidity from Parachains (Multi cross-chain), using Polkadot’s advanced substrate technology.
The asset cross-chain bridge gateway serves as a bridge connecting the multi-currency asset market and the Polkadot DeFi market
By developing the protocol we can solve the issue for liquidity and implement dynamic automated market making to mitigate impermanent loss issues.
User transfers are generated by the gateway and sent to the Demodyfi platform. This is done by implementing the Smart Contracts platform on Moonbeam.
With Unified Accounts, a user will only need a single H160 address. Users will be able to keep between wallets like Metamask and Polkadot.js
The Demodyfi Protocol is built on both Ethereum and Moonbeam’s EVM-compatible Polkadot Parachain.
The protocol utilizes Moonbeam’s Parachain smart contract interoperability while the Substrate framework serves as a fundamental layer.
Due to Polkadot, the Demodyfi protocol has the capability to go beyond the limits of current Ethereum DEX’s with the opportunity to add tokens from the Polkadot ecosystem as well as from other blockchains.
The swap fees will first go into the reserves of the respective liquidity pools. Users will receive their proportionate share when they return the pool token to redeem their share of reserves.
We aim to facilitate the engagement of $DMOD token holders as part of launching the network.
Direct conversion if there is a liquidity pool for the exact same pair, so this offers the best price.
Proper decentralization and Interoperability are achieved by having and utilizing Parachains that brings in liquidity from other Parachains while also using Bridge protocols that connects directly to other blockchains like Ethereum.
Take out a flash loan on one of the pools and use any of the NFTs locked in our platform.
Anyone with an NFT can create a new pool or add his NFT to an existing pool and get ERC20 Token derivatives of their NFTs in a permission-less way.
Swap between assets on different chains with ERC-20 or ERC-721 natively. A set of handler contracts are pre-configured to handle both token standards.
Demodyfi's goal is to establish a decentralized staking pool where users would lock their $DOT / $GLMR to gain staking yield while receiving a receipt that is liquid and tradable.
Got your token ready? List it on the Demodyfi protocol while profiting on the next gen AMM.
Create, deploy, Mine or enter the open NFT Marketplace
It will be on both Ethereum’s Rinkeby network and Moonbeam’s Moonbase Alpha. Pick up some test tokens from our faucets, and get BUSY!
We are trying to follow the roadmap as promised. Please do take into account that we are largely dependent on the ecosystem of Moonbeam, Polkadot and its developments.
Development of the EVM compatible Parachain
-Whitepaper release v1.5
- Website update 2.0
- Bridges & Interoperability
- Token presale
- Public IDO
- Cross-chain multi-chain token pool
- Key token swap information, including smart contract & swap ratio
- Cross-chain token swaps
- Cross-chain flash loans
- Liquidity mining
- Permissionless listings*
- Governance and voting features
- Parachain integration
- NFT token deployment
- NFT Open Market
This roster is currently being updated, more partners will be announced in the near future
Want to chat with the Demodyfi team, follow us on the community channels or send us a message on the channels below