Defy 101
A Breakdown of your Crypto SuperApp.
What is Defy?
Defy is a crypto superapp that aggregates all defi products on the Aptos Network. It is the only app you will ever need to manage your assets across multiple dapps in a secured, decentralized and self-custodial way.
Why Defy?
At Defy, our aim is to become the Robinhood of crypto by resisting the very existence of centralized crypto marketplaces which has plagued the industry. Crypto was never meant to be used in a centralized way. It’s very objective was to take back the power from centralized financial institutions and give it back to the individuals.
At Defy, our goal is to make decentralized finance easy and accessible to the 5 billions internet users and enable them to reap the benefits of defi in a fun and intuitive manner. We want to become the ultimate gateway between users and decentralized economy.
Why Aptos?
Aptos’ Block-STM model enables parallel execution, processing thousands of transactions at a fraction of a second. This with a combination of Move contract language and Keyless Accounts makes Aptos the most secure, scalable and user-friendly blockchain. This makes Aptos ideal for any app that requires high security, reliability and throughput while having user experience at its heart. Hence, this is the perfect fit for any financial or real world application that wants to build for masses.
Defy VS Centralized Exchanges:
Centralized Crypto Exchanges are very similar to the traditional financial institutions when comparing the way they run and operate. They are both very opaque and run several illicit activities with the users money. They have the ability to restrict users of their funds, frontrun their transactions, imply national restrictions and are prone to single point of failures.
Unlike its counterparts, Defy offers full access to defi products in a self-custodial and decentralized way while offering them an experience similar to those of centralized exchanges.
Defy VS Wallets:
Defy can easily be misunderstood by many as just a wallet. Wallets today just offer normal functionalities like sending, buying and swapping crypto assets. Unlike its counterparts, at Defy we take a step further and offer you the ability to track and manage all their defi assets across different dapps.
Defy offers users to trade, invest, earn and do anything related to crypto and NFTs along with friends in a fun and rewarding way. Hence, making any comparisons with wallets a bit harsh and unrightful.
Benefits Of Using Defy:
Users usually have to visit multiple dapps to access defi tools and most of the times they even forget the positions they have opened or the assets that are fragmented across multiple dapps. With Defy, you can:
- Track and manage all your assets in one convenient app, i.e, you wont have to go to Amnis to stake/unstake your assets, Wapal to buy an NFT or Merkle Trade to place a perpetual trade.
- Gain points and level up, which in return gives you discounts on your next trades, gasless transactions, fees cuts and more such loyalty rewards.
- Involve in social activities by following your friends, creating groups, coinvesting with them and much more
Institutions and protocols integrated in Defy can receive benefits like:
- Increase in unique users, market depth(liquidity) and volume due to extension of protocol into a mobile app.
- Include loyalty programs in collaboration with Defy to boost their engagement and audience.
- Easily integrate .avex handle and Avex auth to make the onboarding process easy and seamless for users.
Conclusion:
Defy is a crypto super app that lets you manage all your defi assets across Aptos network in one app. Our goal is to make decentralized finance accessible to the 5 billion internet users by providing benefits to the end users, institutions and the protocols.
