Vortex Defi

True to its SPOC concept, Vortex DeFi exists at the APP level in the image above, where it will be the only gateway for end users to access all the basic DeFi services/tools such as lending, borrowing, liquidity, etc.

True to the philosophy of decentralized finance, Vortex DeFi ensures that none of a user's crypto assets need to be stored or transferred on Vortex DeFi servers to become part of the DeFi ecosystem. To do this, the TxLink-based wallet composability concept ensures that Vortex DeFi will seamlessly integrate with wallets such as MetaMask, Fortmatic, Coinbase, and Trust Wallet.

Regardless of which wallet the end user is using (one supported by Vortex), the app will provide easy access to the DeFi ecosystem without the need to store or transfer assets on the Vortex DeFi server.

Building a product like Vortex DeFi means not only focusing on using cutting-edge technology to integrate protocols and other liquidity providers, it also means creating a seamless platform experience for users.

An enriched yet simple UI/UX for the end user with Vortex DeFi will focus on making it easy for a beginner to also enter the DeFi ecosystem without being distracted by the complexities in the background.

$VTX will be a native Vortex DeFi token that will be used for a variety of purposes with the main purpose of incentivizing the token custodian. The team is looking into the following areas where a video transmitter can add value to the Vortex DeFi ecosystem:

Liquidity pool (LP) rewarding users for providing liquidity;

We place bets on the vortex DeFi platform;

Fee reduction on the Vortex DeFi platform;

Deflationary: Using income to buy tokens on the open market quarterly and burn to reduce supply.

In short, the concept of using VTX will be clearly defined closer to the launch of the platform, and the core team will be looking for suggestions from the community on what other ways to use the token for the benefit of the entire DeFi ecosystem.

As gas fees continue to rise on the Ethereum blockchain and businesses and individuals find it increasingly difficult to keep up with gas payments, Vortex DeFi aims to become an entire ecosystem where the end customer can access all DeFi financial tools such as lending. , buying insurance, borrowing, exchanging, placing bets and accessing derivatives without switching between multiple apps and browser tabs.

Retail Clients/End Clients: These will be retail users who can lend their unused altcoins/crypto assets using the platform to earn up to 15% per annum.

The concept of DeFi-as-a-Service (DAAS), which includes easy-to-integrate APIs and SDKs on top of which new services can be offered by liquidity providers, will be one of the potential target segments for Vortex DeFi.

Thus, the Vortex DeFi platform considers end user crypto assets according to the following clear principles:

1. Offering 100% non-custodial, insured, and secure access to lending protocols: When Vortex DeFi is ready, it will go through a third-party audit from a leading industry player that ensures the end user remains in complete control of their crypto assets. Moreover, by integrating the platform with insurance service providers such as Nexus Mutual, it ensures that the end user's assets are insured against any potential risk such as a DAO hack or a Parity multi-sig wallet issue.

2. Money should work for you: As explained above, rising gas prices have resulted in a significant portion of daily cryptocurrency transactions going towards burning gas fees. In this way, Vortex DeFi ensures that on every transaction/transfer, cryptoassets receive the best possible allocation in terms of lending rate without the hassle of paying multiple gas fees for multiple transactions.

Too many goods

In the current market scenario, the market does not have a web application that allows the end user to manage and track their DeFi assets and portfolio through a single platform. In other words, the user may need to visit one application for lending, another for exchanging crypto assets, and the next one for providing liquidity. The range of products has given the impression that the entire DeFi space is too complex for the average user, which raises concerns when using these products.

Overdependence and Fragmentation Approach

These days, an end user may need to create multiple wallets in order to participate in the DeFi ecosystem and benefit from various DeFi tools. So, in such a situation, many times a user could end up getting their crypto assets locked out due to the wallet lock creation policy.

Sophisticated user interfaces and design

When it comes to blockchain, financial instruments can be a little tricky. This becomes even more complicated when the entire burden of action falls on the end user.

As such, DeFi tools such as staking, providing liquidity to pools, exchanging crypto assets can be a complex and stressful process. In such a situation, the problem of “too many products” is compounded by poor UX practices followed by apps, which raises the psychological barrier

to entry for newcomers to the DeFi ecosystem.

Single Pane of Glass (SPOC) - Unification

Initially conceived as a DeFi wallet, we quickly realized that Vortex DeFi has tremendous scalability. That's why we quickly foresaw that the product line would become SPOC. The concept of SPOC (Single Pane of Glass) is aptly applicable in the current scenario where too many products are overwhelming end users in the DeFi ecosystem. In such a case, Vortex DeFi aims to provide a single glass panel that offers the end user an integrated experience over the Vortex DeFi protocol. The core of Vortex DeFi is based on building a platform like Vortex which brings all DeFi products under one roof such as NFT Governance (V-NFT), Fiat Gateway (V-PAY), P2P Interchange (V-SWAP), Insurance Coverage (V -Insure) and the most profitable income (V-yield). Simplifying the process of entering the DeFi ecosystem remains the main philosophy,

There is too much chaos/noise and fragmentation in the current DeFi space, often resulting in a high barrier to entry for the average investor who is not too tech savvy. Activities such as trading, staking, lending, exchange of crypto assets between chains, etc. are fragmented across different applications, making it difficult for the end user to experience.

This is why there is always a need for a platform or service that can make things easier for the end user by providing a unified experience without leaving the ecosystem. The rapid emergence of the Polkadot ecosystem as one of Ethereum's main competitors has further complicated the scenario. The Polkadot ecosystem is already actively developing, and as it develops, there will be a high possibility of a scenario in which crop farmers may want to exchange cross-chain assets between Ethereum and Polkadot.

Vortex DeFi is a web-based platform that actively aims to fulfill all DeFi-related requirements under one roof. The Vortex Ecosystem will consist of the following products that will solve all the main use cases that a crop farmer may want to use in their daily activities through various applications:

-V-Swap: P2P (peer-to-peer) crypto asset cross-chain exchange feature.

-V-Pay: Fiat payments allow you to buy and sell tokens with a credit card or bank account.

-V-Yield: The most profitable yields in one place, thanks to the integration with the yEarn Finance protocol, high yield farmers can use the best loan rates and maximize their profits.

-V-NFT: With the development of the NFT space, V-NFT will enable NFT asset management and exchange in the Vortex ecosystem.

-V-Insure: Insure your DeFi presence in the Vortex ecosystem, with Vortex taking care of it by integrating with major insurance protocols.

Ultimately, Vortex DeFi will become a one-stop, lightweight DeFi asset management web application spanning multiple ecosystems (Ethereum, Polkadot, etc.) and integrating leading protocols and platforms to enable honest farmers to harness the full potential of decentralized finance. The app will provide an end-to-end approach to DeFi asset management on a simple and secure platform that will be 100% non-custodial and that will focus on usability, security and privacy of data and user information.

Vortex DeFi encapsulates the core aspects of the concept of decentralization. This is why Vortex DeFi is optimizing DAAS (DeFi-As-A-Service) to optimize its benefits on a single platform for all DeFi assets.

users (based on their experience with the world of cryptocurrencies) so that they can enter the world of decentralized finance. Vortex DeFi integrates all financial instruments of centralized finance such as lending, borrowing, asset management, liquidity in a simplified but completely decoupled way in line with the principles of decentralized finance.

Vortex DeFi also focuses on giving the end user control over three key aspects. Assets, trust and identity.

Vortex DeFi is not just a lending aggregator. It aims to be a one-stop DeFi asset management solution and provide key features such as lending, borrowing, and cross-chain exchange starting with Ethereum and then with Polkadot.

The core philosophy behind VTX as a product is to make DeFi simple, affordable, simple, secure, and scalable for end users, protocols, and the developer community.

The core philosophy of Vortex DeFi remains focused on one aspect - Simplify the end user experience through how they handle their DeFi assets. Another important aspect that the Vortex DeFi platform will focus on is ensuring that all relevant services are provided within one integrated platform in order to save on gas. The reason why the cost of gas on the Ethereum chain has become critical can be understood from the following graph:

In centralized finance, or the traditional financial sector (of which we are all a part in the physical world), there are basically three key aspects:

-Markets: For example, NASDAQ or DOWetc.

-Instruments: for example, loans, borrowed funds, capital and derivatives;

-Institutions: Typical institutions include central banks, pension funds and government financial agencies.

At the heart of all of the above key aspects is a CURRENCY such as the US dollar or any other government-controlled currency.

-Cryptocurrency: Thus, a crypto asset such as Bitcoin or Ethereum is gradually reducing the need for any financial institution to manage the currency aspect.

-Tokens: Tokens are part of an asset class and have led to the creation of an entirely new global digital marketplace.

-Decentralized Finance (DeFi): Changed the concept of centralized finance and made these financial instruments available to anyone and everyone with just an internet connection.

In layman's terms, the entire DeFi ecosystem basically consists of the following categories:

1.Decentralized exchanges: such as Uniswap, Nuo, Balancer, etc. play an important role in helping the end user to easily and easily switch between different crypto assets.

2. Stablecoins: For example, DAI is an asset that is softly pegged to the US dollar mainly to provide stable value.

3. Lending: For example, the physical world should be viewed as a mechanism for lending your crypto assets through non-custodial protocols to earn interest. Aave, Compound, yFI are some of the protocols that support this process.

4. Payments: There are DeFi payment protocols like Request Network, Flexa or Fuse to make it easy to send or receive funds.

5. Derivatives: Derivatives worth over $22 million (and growing) are arguably one of the fastest growing markets, giving businesses protection from hedging and financial volatility.

The chart below shows the earning potential of DeFi. Until December, the multi-yield cultivation mechanism provided an annual interest rate of US$291.4 million (and continues to grow).