Foxify: OptiTrade Technology — DeFi Security with CeFi Usability

Foxify aims to make DeFi more accessible by offering users a CeFi experience. But what does that mean for traders, and how does it impact their overall experience on the platform?

Traditionally, DeFi platforms are perceived as difficult or complex to use (compared to CeFi), with separate wallet creation, transaction approvals and other actions required to enable a single trade. Foxify’s OptiTrade Technology is designed to reduce the barriers to entry in DeFi by providing a streamlined trading experience. This means users can execute trades quickly and easily, more akin to CeFi, without needing to have extensive knowledge of DeFi protocols or technical skills. The platform’s intuitive user interface and user-friendly features make it easy for traders of all levels to participate in decentralized trading.

One feature of OptiTrade Technology is a gasless experience. Unlike other DeFi platforms that require users to approve gas fees to execute trades, slowing the process down, Foxify’s gasless experience makes it easy to trade cryptocurrencies. By minimizing the transaction time, it allows for swift execution of trades. Users don’t need to ‘pre-plan’ and purchase the necessary token for gas, as it is managed by the contract directly, and can act quickly when the market moves.

On top of that, Foxify will host on-ramp and off-ramp services, allowing users to easily deposit and withdraw funds. This makes it easy for traders to get started with Foxify and start trading right away, removing the need for traders to access multiple apps and move funds around before trading.

Additionally, OptiTrade Technology utilizes an innovative wallet-creation solution, allowing users to create wallets with just one click using their email address. This simple yet secure process means that users can start trading on the platform without the hassle of setting up a separate wallet or downloading multiple apps and remember multiple logins.

Foxify will include a cross-chain swap, allowing users to bridge assets with ease, something that is largely recognised as difficult across DeFi (generally, vs. CeFi).

Foxify Options expands on the usability and ‘trader-friendly’ aspect of OptiTrade Technology, being fully decentralized and on-chain. This allows users to trade options without relying on a centralized authority or intermediary. This gives traders more control and transparency over their trades, as they can sell Options as the maker or be a taker of a trade. The use of ERC-4337 allows a user to provide liquidity on an option, set the rate for the market and automatically compound their gains into the options balance to offer to the market.

Foxify offers a unique user experience that combines the advantages of CeFi with the benefits of DeFi. Its user-friendly interface, gasless experience, on-ramp and off-ramp services, and fully decentralized options trading make it an attractive option for both new and experienced traders. Find out more: https://linktr.ee/foxifytrade