WallStreetNinja: Unlimited DeFi Through One Platform That Unites Them All
New DeFi protocols have a tough decision to tackle: which blockchain to build on.
No one disagrees that DeFi applications require faster transactions and higher scalability than the incumbent chain Ethereum offers. And there is no lack of alternatives. Protocols can choose from dozens of new high performance blockchains.
But all of these chains are taking different approaches to enabling vital cross-chain DeFi — the ability of dApps to interact to create DeFi services with interoperable functions and assets. DeFi users risk being locked out of yield-earning DeFi opportunities by chains that do not interact and no sure path to the definitive multi-chain solution.
With the launch of the WallStreetNinja Suite (WSNS) and its third-party API, DeFi users and applications do not have to compromise but instead can access several blockchain ecosystems of their choice. WSNS provides users decentralized access to several major networks through one single sign-on to the Internet Computer on a web browser for mobile or desktop, and APIs for third party application developers.
Tim Berners-Lee dared to reimagine a data-driven Internet run by distributed machines and we have boldly reimagined the network of machines as interoperable blockchains delivering frictionless and interactive DeFi on Web 3. Our goal is to unite and provide limitless access to blockchains to bring unlimited potential and unbounded capacity to DeFi.
The Epic Arrival of DeFi and Web 3
In place of permissioned banking, insurance and other centralized financial services, self-executing smart contracts controlled by the users are running more and more financial services. Tim Berners-Lee’s decentralized web provided the architecture for users to own their data and AI-driven smart code to decide what to do with it.
The blockchain has provided the incentivized token economics, decentralized data structure, and governance layer to make Berners-Lee’s vision of an intelligent web possible. The founder of the World Wide Web imagined a semantic web that used data in a way that is meaningful to the user.
“I have a dream for the Web [in which computers] become capable of analyzing all the data on the Web — the content, links, and transactions between people and computers. A “Semantic Web,” which makes this possible, has yet to emerge, but when it does, the day-to-day mechanisms of trade, bureaucracy, and our daily lives will be handled by machines talking to machines.”
The semantic web has arrived on the blockchain. But what Bernsers-Lee likely did not imagine is that it would be run by a plethora of awkward web3 plugins and browser extensions with compatibility issues. These plugins complicate the ultimate goal of enabling DeFi products and data to seamlessly interact and create composable financial services products across protocols.
DeFi users are coming to expect the ability to cross-collateralize loans and margin trading, or compare and invest in liquidity pools with the highest APYs from one screen. Although any function can be programmed into a smart contract, compatibility issues prevent many cross-chain functions.
The Ninja Solution
WallStreetNinja cuts through the mass of Web 3 plugins and extensions to provide a fully decentralized DeFi platform run on the Internet Computer — the first network with the power, speed, and scale of the internet. In place of browser extensions and Web3 plugins, WSNS uses blockchain relay and protocol APIs. The key components of our DeFi platform hosted on the Dfinity Internet Computer are:
- Pocket Network (POKT) for interoperability and a liquidity bridge across blockchain ecosystems.
- POKT’s trustless API protocol for routing requests to independent full nodes on several major networks.
- The Dfinity Internet Computer for web speed, internet scale, and single sign-on identity management.
Decentralized finance replaced the bank monopoly but was at risk of being controlled by a monopoly of proprietary plug-ins and cloud computing hosts like Amazon and Google. With the decentralized Internet Computer, blockchain agnosticity, and API solutions, Wall Street Ninja has liberated open finance. The complete decentralized stack covers computing, data, and governance.
Cross-chain DeFi No Longer Folklore
Ninjas have long been the subject of legends and associated with supra normal acts. With this technology stack, WallStreetNinja is doing what none of its DeFi competitors have accomplished — assembling a full suite of DeFi products that can interoperate across several networks to support DeFi composability and data integration across protocols. We do not walk on water but across chains.
Cross-chain DeFi realizes the full potential of open finance. Assets on one chain can interact with assets on another chain. Composable products can be created like cross-collateralized lending and borrowing. Data can be pulled from any website or application. On one platform, your spot trading (e.g. 1inch) or liquidity farming (e.g. Autofarm) could be hedged by the lowest fee margin trading (e.g. dYdX) or lending/borrowing (e.g. Aave) protocols.
Your DeFi product innovations are no longer limited to a handful of chains and the protocols running on them. And where a native API is not available for your favorite DeFi dApp, WallStreetNinja will develop its own application-specific API for the Internet Computer.
Like the ninjas of legend, WallStreetNinja is a stealth operation. The DeFi platform is run by an anonymous collaborative of blockchain engineers, project managers, crypto marketers, and finance operations professionals. The ninjas will complete the roadmap and deliver it to the Decentralized Autonomous Organization (DAO) controlled by its users, holders of the $WSN token.
About WallStreetNinja
Wall Street Ninja Finance Suite (WSNS) is a decentralized financial solution that provides users simplified access to the DeFi ecosystem chain of their choice from a single screen. WSNS is taking the DeFi sector to the next level through decentralized computing and blockchain relays via The Internet Computer and Pocket Network.
Follow WallStreetNinja’s developments on:
Telegram Announcement | Telegram chat | Twitter | Reddit | Website | Gitbook