We develop and deliver blockchain-driven borrowing and DEFI Lending Platform Development that effectively fill the gap lagging in traditional banking.
DEFI Lending Platform Development
Lending Software Solutions Using DeFi Protocol
We develop and deliver blockchain-driven borrowing and lending platforms that effectively fill the gap lagging in traditional banking.
Business-Oriented DeFi Lending Platform Development Services
In 2020, the DeFi industry gained traction, and by April 2021, the total value locked in the DeFi market had surpassed USD 61 billion.
One of the biggest drivers to this exceptional value is DeFi lending and borrowing.
DeFi lending and borrowing software is being launched by start-ups and corporations all over the world in order to tap into the billion-dollar DeFi market.
O G S S Technologies can help you manage the next wave of DeFi lending, whether you’re a startup or a well-established corporation.
We create a coherent roadmap to develop DeFi lending platform fortified with market-leading features. Our expertise in blockchain, finance, and IT management uniquely equips us successfully deliver high-performance lending platforms in line with your business needs.
Connect with our subject matter experts to accelerate your DeFi lending platform development journey.
Features of our DeFi Lending and Borrowing Software
We develop DeFi lending software reinforced with the following features
DeFi Wallet
Smart Contract
Institutional-grade Security
Liquidity Pool
User Dashboard
Risk Management
Use our technological know-how and skills to launch your DeFi lending platform.
Decentralized finance (DeFi) is a phrase that refers to a financial ecosystem that is transparent, permissionless, and open-source. DeFi Lending is the process of offering and borrowing cryptocurrency assets as a loan on a permissionless decentralised medium that uses decentralised smart contracts to automate all crypto lending transactions with no middleman.
DeFi P2P Loan platforms are platforms that provide these types of lending services, and there are more popular decentralised applications (Dapps) accessible in the crypto market that give DeFi P2P lending choices.
How Does DeFi Lending and Borrowing Works?
The working of the DeFi Lending platform is similar to the traditional bank’s protocols
Working of DeFi Lending
Users must first deposit their assets, and when someone borrows those digital assets, they earn interest.
In DeFi lending, however, the intermediary is replaced by a smart contract, which specifies the loan terms.
When a self-executing smart contract is deployed on a blockchain network, its operations cannot be stopped unless both parties agree to the terms.
Lenders gain significant profits since DeFi is based on blockchain, which is transparent and unchangeable, and dangers can be clearly identified.
This DeFi lending platform’s interoperability and standards can help to reduce the entire system’s cost.
Working of DeFi Borrowing
As like lending, DeFi borrowing works as the following:
Borrowers can get fiat loans from lenders using their crypto assets as security if they don’t pay back the loan.
When both the lender and the borrower agree on a rate of interest, crypto loans are exchanged. Crypto loans are deposited to the borrower’s account in the same way that traditional loans or borrows are, and borrowers pay interest to the lender. Once the entire amount is paid back, the lender returns the collateral that served as security.
Without the involvement of third parties, this borrowing procedure takes place in DeFi lending platforms.
It also allows borrowers to earn crypto assets by using cash as collateral.
Why Should You Use DeFi Lending and Borrowing Instead of Traditional Lending and Borrowing?
Here let us look at the main advantages of choosing DeFi Lending over the traditional lending.
As we all know, DeFi Crypto lending inherits blockchain technology,it offers high end transparency and immutability.
These are the main reasons to prefer DeFi lending and borrowing platforms over traditional lending platforms for your financial needs.
Key Advantages of DeFi Lending and Borrowing
Listed here are the reasons for the need for DeFi based crypto loans and their advantages over traditional systems.
DeFi Lending Platforms Provide End-User Benefits
DeFi lending and borrowing platforms offer some higher benefits for their lenders and borrowers than traditional earning interests from the crypto assets financing process. Here are some of the primary advantages that DeFi P2P Lending systems provide to both lenders and borrowers.
Trading on Margin
Quick Loans
Non-Taxable Liquidity
Long-Term Returns on Investment
Aave
Aave is a popular open-source non-custodial DeFi lending protocol that shifted from DeFi P2P lending strategy to a liquidity pool strategy.
Founder- Stani Kulechov
Blockchain Network – Ethereum
Total Value Locked – $548.3M USD
% of Minimum Collateralization – 133%
Native Token – LEND
Some Supported Crypto Assets – ETH, USDC, DAI, REP, TUSD, BUSD, and more.
Key Features of Aave
Flash Loan
Rate Switching
Compound
Compound, an open source lending protocol that allows users to earn interest and also borrow assets against collateral on Ethereum network.
Founder- Robert Leshner
Blockchain Network – Ethereum
Total Value Locked – $648.5M USD
% of Minimum Collateralization – 133%
Native Token – COMP
Some Supported Crypto Assets – ETH, USDT, DAI, REP, BAT, WBTC, and more.
Key Features of Compound
No lower limit to lend and borrow
No requirement of KYC or ID verifications
Compound Protocols reserves only 10% of interest and the remaining goes for the lenders.
Maker
Maker is another crypto lending platform with DeFi open source protocols which primarily offers lending and borrowing of DAI.
Founder- Rune Christensen
Blockchain Network – Ethereum
Total Value Locked – $925.3M USD
% of Minimum Collateralization – 150%
Native Token – MKR
Some Supported Crypto Assets – DAI token, ETH,BAT,DGD,ZRX and more.
Digital Creative Agency Key Features of Maker
Utility
Governance
Recapitalization
When the total collaterals locked in CDP are not enough, the Maker system mints and sells MKR to raise capital to cover the existing DAI.
Nuo Network
Nuo is a non-custodial DeFi debt protocol that allows lenders or borrowers to over collateralize their loans that can be revoked later from the platform.
Founder- Siddharth Verma, Varun Despande, Ratnesh Ray
Blockchain Network – Ethereum
Total Value Locked – $3.3M USD
% of Minimum Collateralization – 150%
Native Token – MKR
Some Supported Crypto Assets – DAI,ETH,SAI,ZRX, USDC and more.
Key Features of Nuo Network
An user-friendly lending platform compared to others
Liquidation Fees is 2% lower than all other DeFi lending protocols
Offers Highest Interest Rates with a large variety of assets.
Dharma
Dharma is a non-custodial DeFi lending protocol which allows users to lend and borrow DAI or USDC and receive variable interest rates.
Founder- Nadav Hollander
Blockchain Network – Ethereum
Total Value Locked – $1.3M USD
% of Minimum Collateralization – 150%
Native Token – Dharma Tokens(dTokens)
Some Supported Crypto Assets – DAI,ETH,ZRX,USDC and more.
Key Features of Dharma
Simple and automated Crypto Wallet
Fiat Gateway
Ease to access with high security
EOSREX is a DeFi Lending platform in EOS blockchain network with TVL of $600M USD is also a popular DeFi platform. Some other popular DeFi Lending and Borrowing platforms are as follows:
