Fulcrum - a decentralized exchange for interacting with smart contracts. The exchange is built on the basic protocol and expands it, allowing you to trade currency. The user can borrow their assets and receive interest, as well as take loans. Contents:
Fulcrum benefits
You can create applications that allow lenders, borrowers and traders to use the most flexible decentralized financing protocol in Ethereum. Why you should choose Fulcrum?
| Minimal risk | Earn money with assets that you already hold in your wallet. Interest rates are often much higher, but much safer here. |
| Lower fees | Traders on centralized exchanges pay high interest rates to compensate users for the risk of hacking the exchange. Decentralized lending makes trade more affordable. |
You can easily integrate the protocol into the exchange application, wallet or web application. Traders and owners - two main components of a developing decentralized ecosystem.
Exchange blockchain protocol
bZx - a decentralized protocol, that allows you to lend and take loans for trade. It can be easily integrated into new and existing exchanges or be simply accessible through its own portal. The bZx protocol benefits lenders, traders and decentralized exchanges. Lenders can borrow tokens at a profitable interest without risking their assets. Finally, this exchange benefits from increased volume, better provision of features and trading fees.
Now, developers plan to create more token positions with the lowest interest rate, minimizing the cost of using a loan.
How to get started with dapp?
The most important advantage of the exchange - its simple and intuitive interface. To get started, you need to do two things:
- firstly, open the “Balances” section of the dApp portal;
- secondly, approve the tokens that you will trade or loan.
Next, Fulcrum creates the order object, using the protocol. In conclusion, the developers have created a decentralized exchange, integrated with the bZx protocol. The interest rates are almost always lower for any loans here.