Market Analysis Report (07 Jun 2021) PlatoBlockchain Data Intelligence. Vertical Search. Ai.

Market Analysis Report (07 Jun 2021)

Market Analysis Report (07 Jun 2021) PlatoBlockchain Data Intelligence. Vertical Search. Ai.

ADD.xyz is a DeFi platform plugging multiple products into a single application that focuses on user experience, design, and privacy. By aggregating multiple DeFi protocols into a single application, it allows users to save on transaction fees.

This means ADD.xyz makes DeFi more accessible and powerful both for individuals and enterprises. Its focus on privacy and anonymity essentially means users remain safe both on and off-chain while lending, borrowing, trading derivatives, and even when purchasing insurance.

The platform has integrated most major DeFi protocols, including Aave, Compound, Curve, bZx, and Yearn.Finance. It has also signed partnerships with major cryptocurrency exchanges including Poloniex, Changelly, and 1Inch to ensure liquidity.

ADD.xyz’s flagship product is the “Lend & Earn” platform, which aggregates multiple decentralized finance protocols to allow users to receive the best rates without having to search through multiple platforms. Users’ portfolios can then be applied on protocols like Compound and dYdX, and accessed through an easy-to-use interface.

Third parties can also integrate their protocols to improve their functionality. It’s worth pointing out that ADD.xyz’s native platform is decentralized and non-custodial.

ADD.xyz’s Products

While the project’s flagship product is all about lending, there are other products that have been released or are in development including:

  • ADD.XYZ`s mobile application for iOS and Android
  • BL3ND3R and Tornado.Cas, protecting users` identity online 
  • Incorporation of decentralized exchanges and decentralized insurance platforms
  • ADD.xyz debit card

The $ADD Token

The $ADD token can be staked to earn extra revenue. Staking rewards depend on the amount of staked tokens and staking length. The $ADD token is a governance token, allowing holders to vote on proposals and decide the future of the project. You can learn more about the project on its website.

Source: https://www.cryptocompare.com/email-updates/daily/2021/jun/07/

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