This means that gaining traction and becoming noticeable outside the boundaries of the native ecosystem requires a lot of efforts on behalf of the project’s initiators. Due to the divided nature of the DeFi industry, projects and services are largely isolated within their ecosystems. This past years’ experience contributed to the discovery of the most pressing DeFi industry problems and ways of solving them.įirst issue is, non-surprisingly, the fragmentation of DeFi communities.
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Using our open-source developments, you can gain unhindered access to inter-chain DeFi, or just test and see whether a certain blockchain ecosystem is in line with your individual use case without having to buy native tokens on CEXes or install new wallets.
One of the potential applications of such technologies can make it easy for the regular users of Ethereum to seamlessly interact with DeFi services in other chains, while remaining within the comfort of their existing accounts and tools they’re accustomed to. We have developed Gravity, a leading-edge technology that establishes a solid foundation for multi-purpose inter-chain applications and gateways, such as SuSy. Nevertheless, the shift to alternative networks is hampered by complicated, multi-step user experience and insufficient liquidity of tokens wrapped in blockchains other than Ethereum, which is one of the key factors influencing the prosperity of DeFi inter-chain.ĭuring the past year, VentuaryLab has been focused on in-depth R&D in the field of inter-chain communication. It became obvious that DeFi is not limited to Ethereum, which only preserves the dominance in this space by inertia. However, in recent months many alternative blockchain networks and ecosystems have shown remarkable progress and growth, offering comparable or even superior services but significantly more affordable in terms of transaction costs. It provides a vast range of DeFi solutions and has ample liquidity, albeit hindered by exorbitant gas fees and frequent network congestion.
It so happens that in the DeFi space of today, most opportunity lies with Ethereum. Apart from tech-layer obstacles connected with the necessity to provide a decentralised way of porting a Waves-based token onto other networks, the inter-chain growth of tokens had been restrained by the unwillingness of the new communities to acknowledge new products and give them endorsement and initial liquidity. The past experience of expanding Waves tokens beyond their native ecosystem involved researching other networks in an effort to establish liquidity and traction there. Two years ago, VentuaryLab stood at the origins of USD Neutrino, or USDN (currently owned and managed by Waves.Exchange), the first stablecoin on Waves. Intro & issues of the DeFi Spaceįor the last three years, we at VentuaryLab have been observing the evolving Web3 space and developing DeFi products, uncovering major constraints that hinder the truly borderless inDeFi experience and liquidity growth. VentuaryLab presents a novel inter-chain concept that combines a liquidity incentivization system for wrapped tokens with a bridge aggregator as part of its infrastructure.
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