LCP

Multi-Chain DeFi Platform with Cross-Chain Interoperability and Liquidity

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Overview

Empowering traders with multi-chain tokens, cross-chain interoperability, smart contract development, and crypto staking across a decentralized finance platform

At A Glance

industry
Industry
Blockchain as a Service (BaaS)
region
Region
USA
duration
Duration
2 Weeks

Technical Stack

Ethereum
Remix
Solidity
Phantom
Rust
solana
Truffle
Polygon

Client Profile

A leading blockchain token company based in the USA, focused on enabling decentralized financial products for global traders through a scalable decentralized finance platform.

Challenge

  • Lack of Interoperability Across Blockchains
    Traders were unable to own Certificates of Deposit (CDs) across multiple chains due to limited cross-chain interoperability.
     
  • Inability to Multiply Holdings
    Users could not diversify or multiply their investments across different chains without support for multi-chain tokens.
     
  • High Transaction & Gas Fees
    Excessive fees across blockchain networks resulted in reduced profitability for traders.
     
  • Lengthy Multi-Chain Development Process
    The development workflow required sequential project scoping, environment setup, smart contract development, testing, and deployment, increasing time-to-market.
Sequential process flow: Project specification, environment setup, smart contract development, testing, and deployment for multi-chain token development using blockchain technologies

Solution

  • Multi-Chain Development Environment Setup
    Configured blockchain environments using Truffle for Ethereum & Polygon, and Rust & Solana CLI for Solana..
     
  • Cross-Chain Smart Contract Development
    Developed smart contracts in Solidity for Ethereum & Polygon and Rust for Solana to enable interoperability across the crypto staking platform, powered by cross-chain smart contracts.
     
  • Comprehensive Testnet Deployment
    Tested contracts on relevant networks, Ropsten for Ethereum and Mumbai for Polygon, to validate performance and security.
     
  • Production Deployment on Multiple Blockchains
    Contract production deployment was successful across the respective main networks, with multi-chain token capabilities implemented correctly and smart contract interoperability functioning as expected.

Key Benefits

  • Multi-chain asset growth:
    Traders can now distribute and multiply their holdings across multiple chains with complete flexibility, supported by improved cross-chain liquidity within the multi-chain DeFi environment.
     
  • Low transaction and gas fees:
    The overall cost of doing business is greatly reduced across the entire ecosystem.
     
  • Reward-based staking
    Traders will receive daily interest payouts for staking, and the newer you stake, the more rewards you get, strengthened further by multi-chain staking capabilities.

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