DeFi project aims to address the limitations of centralized exchanges (CEXs) and decentralized exchanges (DEXs) by providing a reliable, accessible, and transparent alternative. Following the major failures of CEXs in 2022, users have become more aware of the importance of self-custody and the need for control over their crypto assets. However, they also found that DEXs lacked accessibility and advanced trading features.
DeFi seeks to bridge this gap by offering an end-to-end decentralized ecosystem that combines the benefits of self-custody with the convenience and features of centralized exchanges. The project includes DEX, a user-friendly decentralized exchange that eliminates the need for third-party on- and off-ramps by providing a direct gateway to fiat currency. This allows users to deposit and withdraw fiat without leaving the platform.
The spot trading platform offered by DEX is built on top of existing DeFi liquidity and offers advanced trade orders such as limit orders, dollar-cost-averaging, and trailing stop-loss. The aim is to provide a simple user interface that caters to both newcomers and experienced traders, fostering the adoption of DeFi while meeting the needs of different user segments.
By incorporating the core values of crypto, including decentralization, permissionlessness, and self-custody, DeFi aims to empower users with full control over their crypto assets while offering the trading features they are accustomed to from centralized exchanges. The project recognizes the importance of transparency and user governance, addressing the concerns raised by recent regulatory actions against CEXs.
Overall, DeFi seeks to provide a comprehensive solution that combines the advantages of self-custody, decentralized trading, and user-friendly features to drive the adoption of decentralized alternatives and meet the evolving needs of crypto users.
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