DeFi Smart Contract Development Services

Decentralized financial services have completely shifted the dynamics of lending, borrowing, crypto exchanges, insurance, tokenization, and asset trading by plucking the power from central authorities and allowing peer to peer transactions. Thanks to open-source blockchain technology, these varied services can now be carried out swiftly using Smart Contracts. The terms and conditions of a Smart Contract are coded, audited and, once these conditions are met, the smart contracts carry out the corresponding actions. These Smart Contracts are widely employed in all DeFi protocols and are the driving force behind all Dapps, executing functions promptly. Our DeFi smart contracts are coded, keeping the industry needs in mind, adding unique features and plugins to help your DeFi protocols and Dapps get the highest user engagement. We, at Blockchain App Factory, provide DeFi Smart Contract development services that are completely scalable and white label to support the growing needs of your business, coded and audited by adept developers, warranting client satisfaction undoubtedly.
What are DeFi Smart Contracts?
The advent of Smart Contracts dates all the way back to the 1990s when a cryptographer, Nick Szabo defined it as “a set of promises, specified in digital form, including protocols within which the parties perform on these promises.” At its core, Smart Contracts contain functions that are written in code that are executed when certain if-then criteria are met. The automatic execution that smart contracts facilitate is the basis on which all Decentralized protocols function. Without these, Dapps and DeFi protocols such as MakerDai, Compound, and UniSwap cannot function. Smart Contracts, built on blockchains, make the need for middlemen obsolete. They are fully secure, remove time-consuming processes like verification, prevent third-party integrations, are accurate since the functions are written in code, and are autonomous. These features make Smart Contracts imperative for Decentralized Services to function.
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Benefits of Smart Contracts that Contribute to DeFi Protocols

Smart Contracts completely remove the need for centralized authorities and offer a myriad of other benefits that help carry out decentralized services seamlessly.

High-end security
High-end security
Smart Contracts ensure that all transactions that take place through a DeFi protocol are secure, eradicating security breaches, and risks.
Digitization
Digitization
Smart Contracts have bid adieu to demanding paperwork. They are completely digitized and store all transactional information in decentralized ledgers.
Speed
Speed
Long processes that are the norm of traditional financial transactions are eliminated since Smart Contracts are wholly automated, accelerating performance.
Transparent
Transparent
Smart Contracts are built on blockchain networks so anyone can access and view the transaction data.
Third-party
Third-party free
There is no need for a middleman for verification, the blockchain does that for you.
Reusability
Reusability
Unlike traditional contracts, these digitized contracts can be reused for the same purpose for which it was used before.
Highly immutable
Highly immutable
The coding on the smart contracts can never be tampered with. Once a contract has been created or deployed, it carries out its programmed functions and cannot be modified.
Cost-efficient
Cost-efficient
In the absence of third parties in DeFi Smart Contracts, the cost that is customarily incurred is avoided.

Various Use Cases of Smart Contracts

Cryptocurrency exchanges
Cryptocurrency exchanges
By encoding the conditions for the exchange, they negate the need for an intermediary.
DeFi Protocols and Dapps
DeFi Protocols and Dapps
Smart Contracts are the driving force behind all Decentralised finances, saving time, and improving efficiency.
Crowdfunding
Crowdfunding
Enables and gives complete control of funds to the contributors.
Supply chain management
Supply chain management
Items in the supply chain can be tracked with full traceability and transparency.
Digital identity
Digital identity
They provide individual identity and make KYC ineffective.
Security
Security
With no need for intermediaries, security custody chains are unnecessary and help reduce operational risks.
Financial data
Financial data recording
Accurate and transparent data integration, reducing auditing costs.
Insurance
Insurance
Helps in automating claims, resolving disputes with proof.
Escrow
Escrow
Authenticates and improves trust in Escrow funds transfer.
Mortgage
Mortgage
Makes the processes fast, cheap, and easy by automating all operations.

You Can Now Build Your Own DeFi Smart Contract!

Decentralized finance protocols are now seeing exponential growth in both user engagement and assets stored in contracts. It has made a huge splash in the finance ecosystem, and the high security, permissionless, and non-custodial nature make these protocols and Dapps a wise business venture. You can now develop DeFi smart contacts for your DeFi protocols and Dapps by trusting us with your innovative ideas. We follow a streamlined development process that goes like this.

01.

Analyze

We will begin with research and analyze the market space you wish to enter, keeping up with the latest trends in the crypto space to make your DeFi Smart Contracts.

02.

Design and develop

Once our team understands your prerequisites for the development of your DeFi Smart Contracts, we will begin building your smart contracts on the Solidity programming platform.

03.

Testing and Auditing

The DeFi Smart Contracts that we develop will be strenuously tested and audited to clear out all bugs and vulnerabilities.

04.

Launch

Once cleared of all susceptibilities, your DeFi Smart Contracts will be ready to be deployed to your DeFi protocol or Dapps to give you and the users of your platform a secure and immutable experience of executing financial transactions.

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