Chainge DeFi App Introduces Cross-Chain Roaming, Futures Liquidity Pools, and a Decentralized Options Market: Review

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Developed by a team of blockchain and fintech veterans, the Chainge application solves one of the most pressing Web3 bottlenecks of 2022: truly seamless and secure interoperability between heterogeneous distributed networks.

id=”h20″>Bringing Cross-Chain Roaming to DeFi: What is Chainge?

Chainge is a multi-product decentralized finance application that introduces the ethos and practices of cross-chain interoperability to yield farming and DEXes.

Image by Chainge

Technically, it is an ecosystem of tools for seamlessly providing, trading and investing liquidity. So what is special about the Chainge product range?

• Seamless transfer of value across a variety of mainstream and new-gen blockchains powered by patented Fusion DCRM technology.
• All-in-one approach: DEX, LP toolkit, wallet, decentralized escrow, spot, futures and options modules in a single dashboard;
• Chainge’s system doesn’t use cross-chain bridges: it’s not vulnerable to wormhole-style attacks;
• Low fees for end users due to the revolutionary design of cross-chain interactions;
• Unparalleled data protection for all transactions: All cross-chain operations are in stealth mode.
• Wide range of blockchains (16+) and 85+ built-in assets allow for more flexible portfolio diversification.

id=”h31″>What is DeFi?

Decentralized Finance or DeFi refers to a wide range of on-chain software programs that rely solely on smart contracts to execute basic financial operations. Although DeFi protocols have been known since 2017 (Etherdelta, IDEX, Kyber), they became mainstream in Q2-Q3 2020 – during the so-called DeFi summer of 2020. Aave Finance (AAVE), Compound Finance (COMP), Balancer (BAL ) and Uniswap (UNI) are the most popular DeFis.

Simply put, DeFi infrastructure includes three types of protocols. First and foremost are the decentralized cryptocurrency exchanges (DEXes): they enable non-custodial on-chain conversion between different crypto assets.

Then, decentralized credit/credit protocols represent a crucial category for the DeFi space: they allow crypto enthusiasts to collateralize their cryptos in order to get a loan.

Last but not least, there are many decentralized stablecoins in the DeFi segment such as DAI, SAI, FEI and UNITE. Their pegging to the underlying reserves is controlled by sophisticated algorithms. Therefore, they are also referred to as algorithmic stablecoins.

All operations in the DeFi space are performed peer-to-peer: no centralized party can intervene in the process or control private keys, funds, or user identities.

id=”h42″>What are liquidity pools?

For sustainable progress and truly decentralized operation, all of the categories mentioned require liquidity, i.e. a constant inflow of cryptocurrencies. Liquidity can be injected by investors or, in DeFi-specific language, by liquidity providers or LPs.

To motivate potential LPs to get involved in the operation of this or that DeFi, his team is developing a payout program: liquidity providers get a share of the protocol’s revenue. Rewards can be granted daily or monthly; Users can “lock” liquidity in stablecoins, large caps, or even the native coins of DeFi protocols.

id=”h53″>Chainge: Multi-platform app for cross-chain liquidity

Chainge Finance lowers the hurdle for LPs in the DeFi space by creating a holistic cross-chain, multi-blockchain ecosystem. Put simply, LPs can leverage liquidity in different assets on different chains to create a flexible and diversified investment strategy.

DCRM technology: 85 assets, 16 blockchains

Fusion DCRM technology leverages new generation smart contracts and is the only viable and commercially deployed toolkit for cross-chain value transfer. Chainge officials estimate that DCRM is used by apps on Fantom and Nerve and currently accounts for 70% of all cross-chain market revenue.

Since the beginning of the first quarter of 2022, Chainges DCRM has been using 16 different blockchains and a total of 85 cryptocurrencies. Recently, Chainge partnered with Elrond Network (EGLD), one of the leading EU-registered new generation blockchain heavyweights.

Chainge has accumulated a total value lock (TVL) of $150 million across all of its instruments, with an average daily trading volume of $1 million.

Liquidity Pools vs. Futures Liquidity Pools

Since its cross-chain liquidity ecosystem is seamless and highly scalable, Chainge has introduced a number of liquidity pools for different assets with highly competitive APYs and no transient losses, such as the futures liquidity pools.

Image by Chainge

Liquidity on Chainge can be fed into a native yield farming tool called Time Framing (TF). This differs significantly from other yield farming modules, which means that the assets always remain at the user’s address and can be liquidated in the futures DEX at any time. Basically, LPs can time their cryptocurrencies for a predetermined period of time and then pair them with spot assets for rewards, but without risking losing their assets.

Any rewards earned in the earn by time framing mechanism (e.g. TF-USDT) can be effortlessly reinvested into Chainge’s liquidity ecosystem along with “fresh” USDT liquidity. How exactly it works and how to do it, you can find out in the article here

Currently, Chainge’s Time Frame module accepts a wide range of cryptos including Bitcoin, Ethereum, Tether, TRON, Binance Coin, Fusion, Huobi Token, Uniswap, PancakeSwap, Mdex, ChainLink, AAVE, Enjin Coin, Alpha Finance Lab, Synthetix , 1inch , SushiSwap, Compound, yearn.finance, Decentraland, The Graph, Basic Attention Token, 0x, UMA, Curve DAO Token, Balancer, Swipe, Badger DAO, BakeryToken, DODO, Venus and so on.

Escrow module

Chainge’s decentralized escrow module is available to anyone who wants to buy or sell something (assets/commercial goods/services) with the security of knowing that the other party is holding back their part of the deal.

The entire process in the Chainge app is automated and decentralized, meaning no third-party involvement or traditional escrow services charging ridiculous fees are required.

The main advantage that practically everyone can benefit from is security. No one ever has to doubt the safety of an arrangement and can do business with complete strangers in a secure, decentralized environment – ​​which is a huge step towards an ideal, secure financial ecosystem.

Even crypto enthusiasts with basic crypto or fintech skills can try Chainge’s decentralized escrow account. It is available in the “Banking” section of Chainge: Any user can either initiate an interaction with the escrow account or accept a counterparty-initiated invitation to interact with an escrow account.

Derivative DEX platform

Last but not least, Chainge introduced a native decentralized cryptocurrency exchange for derivatives, i.e. options and futures. Chainge is a pioneer in the DeFi futures trading segment. Chainge allows users to jump into on-chain trading with their previous CFD trading experience on centralized or TradFi platforms.

Chainge is open to listing requests: early-stage products can add their tokens to the platform’s derivatives toolkit. There are currently 410,000 accounts in the Options DEX and Futures DEX of Chainge’s trading module.

road map

Although Chainge launched in 2021 and was still in its early stages, it has had a number of tremendous successes. Smartphone applications have been developed and made available on the App Store and Google Play digital marketplaces. Google Play has 8,135 reviews with an average score of almost 5.0; It also gets a grade of 5.0 in the App Store.

Image via Google Play

Chainge’s editors and PR department created feature-rich web interfaces and produced educational content on YouTube, Medium, Twitter, etc.

In the near future, Chainge will implement a unique cross-chain liquidity aggregator, thereby solving the liquidity problem that has become a common problem for most DEXs in the market.

Final Thoughts

Chainge, a next-generation cross-chain ecosystem, enables seamless roaming for heterogeneous blockchains and DLTs. It allows crypto holders to operate liquidity across different blockchains.

A cross-chain spot, futures and options DEX, time-frame “yield farming” module for LPs and a decentralized escrow module have been released.

As of Q1 2022, Chainge offers the most secure and efficient cross-chain environment in the DeFi space, in addition to its incredibly smooth UX. Definitely worth trying.

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