The latest production platform for DeFi and other blockchain is PolkaFoundry . Polkafoundry is a higher interoperability and algorithms that gives insane benefits to its users. With the Blend of Web 3.0 ecosystem and DeFi workspace, it works factory seamlessly.
PolkaFoundry is te best platform to build DeFi app based on its appealing characteristics such as
- It consists of built-in special DeFi-services that ensure that the created application manages to access data, identify identities, and store data.
- The platform is also EVM-compatible; users can directly switch from ETH.
- Users can directly benefit from the true scalability of Substrate and Polkadot.
Popular Use Cases of the Platform
- The unique UX-feature, when enabled, showcases the dapps to a greater number of audiences.
- The dApp factorycan be utilized to develop applications for a variety of business use cases. The list below outlines a few specific use cases the PolkaFoundry platform is best known for;
- Decentralized Loaning Platforms: PolkaFoundry links the apps to trustworthy vetting sources to automate loan decisions.
- Marketplaces or Auction Center:PolkaFoundry is UX- enabled. This assists the DeFi tool to tempt a bigger population interested in the dApps, such as collectors and artists.
- Cross-chain DEX:Via authorized bridges, DEX can be interchanged with cryptocurrencies, such as BTC, ETH, NEO, etc., and tokens on parachains.
- DeFi Solutions: As mentioned previously, PolkaFoundry provides users incredible interoperability and exceptional scalability. Thus, the EVM support can directly be employed to involve ETHEREUM derivatives applications into the Polkadot network.
- Decentralized Insurance: The dApps created by a user can incorporate PolkaID for identification, verification, and even automated insurance payment in case of an actual-life event.
- Prediction Markets:PolkaFoundry’s dApps can calculate data instantaneously and the randomness in the output is trustworthy for determining any measurable prediction.