DEFILUX

DEFILUX

Over the last two years, the total amount of money deposited at Defi services has spiked from just $500 million to $247 billion. The Defi ecosystem is an incredibly exciting and fast-moving space, with financial services innovation happening at light speed,

Some of the key attractions of Defi for many consumers are:

1. It eliminates the fees that banks and other financial companies charge for using their services.

2. You hold your money in a secure digital wallet instead of keeping it in a bank.

3. Anyone with an internet connection can use it without needing approval.

4. You can transfer funds in seconds and minutes.

Decentralized finance, or Defi, uses emerging technology to remove third parties in financial transactions.

And components of Defi are stablecoins, software, and hardware that enables the development of applications.

In this hackathon, I'm be contributing by building a Defi tooling DApp that provides price quotes for swaps, bridges, and token transfers, by using the products and tools that have been developed by sponsors in this hackathon:

Listed here:

1. Swing.xyz

2. Covalenthq.com

3. Unstoppable Domain

This project is built with the next.js framework for better serve rendering, for the benefits of fetching data from our API endpoint. The UI-UX is built using chakra-Ui which improves the development process of our DApp. Now explain the logic of this DApp, Defi ecosystem is an incredibly exciting and fast-moving space, with financial services now keeping assets could be overwhelming especially with more assets and technology being built every day. 1. Using Swing API and Covalent API to fetch data from different protocols to display it on the made it some fun on how much tooling we can built-in the eco-space. 2. Last but important using UNS unstoppable domain to login to users on the DApp was so much fun and way sample. This app was so much fun and taking it to the next LEVEL could be another wonderful because there is a lot that can be added eg. Integrating Bridge, DEX etc