Hire a Decentralized Finance Development Company and take control of the Fintech sector

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Decentralized Finance (DeFi) is the new buzzword in the world. Overall, total assets locked in different platforms is $57.89 billion as per DeFi Pulse. DeFi projects operate on numerous blockchain networks like Binance Smart Chain (BSC), Ethereum, MultiChain, Polygon, and TRON. Entrepreneurs can maximize their return on investment (ROI) by partnering with a reputed DeFi development company.  


What are the various services offered by a Decentralized Finance Development Company?


AML/KYC verification - A Decentralized Finance development company will undertake Anti-Money Laundering (AML) verification of all the investors. This prevents misuse of funds. Further, all traders have to undergo Know Your Customer (KYC) checks. They have to submit documents. This assures transparency of the highest standard.


Creation of White-label clone solutions - A well-versed DeFi development company will offer affordable white-label DeFi platforms. It comprises clone solutions of Aave, Compound, PancakeSwap, Uniswap, and Yearn Finance. Owners of a DeFi clone platform can offer different services like insurance, lending, payment processing, staking, trading of digital assets, and yield farming.


Premium features - Entrepreneurs can add premium features to their DeFi platform. They can choose extra functionalities like a governance mechanism (decision-making powers and voting rights), liquidity API integration, integration with hardware wallets and online payment gateways.


Other services - A certified Decentralized Finance development company will offer additional services. It includes bug fixing, digital marketing, lottery system development, smart contract auditing, token development, and trading of synthetic assets.


Wrapping Up


Decentralized Finance (DeFi) is the biggest innovation in the world right now. The top 5 DeFi platforms in terms of total value locked are Aave ($11.18 billion), Instadapp ($8.29 billion), Compound ($7.63 billion), Curve Finance ($7.20 billion), and Maker ($6.25 billion) respectively.


Traders have 100% control over their assets all the time and are not under the control of centralized authorities. The entry of fund managers and institutional investors will change the DeFi industry forever. It will boost the trust in the minds of investors. Hence, techpreneurs can emerge as a catalyst for change by making use of Decentralized Finance development services.