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RE: Reimbursement Proposal for TeraBlock Hive CrossDEX - Milestone 1

in #hive5 months ago

Thank you for your comment. Let's address each of your concerns individually.

Competition
While many projects are working to solve cross-chain interoperability in DeFi, TeraBlock's CrossDEX stands out with its unique features. With the help of Swidge Protocol, TeraBlock enables seamless liquidity transfers across blockchains with a single click. Which results in the following

→ Zero Learning Curve: Instant Fiat to DeFi onboarding
→ Universal Liquidity: One-click multi-blockchain access
→ Streamlined Execution: Fewer transactions and wait times
→ Inclusive Financial Future: Making DeFi more accessible
→ Ironclad Security: Trustless, compliant, & secure
→ DAO Governance: Community-driven and transparent

What is the Swidge Protocol?
TeraBlock's Swidge Protocol is a cutting-edge one-click solution that simplifies cross-chain transactions in DeFi. It automates complex blockchain interactions like swapping and bridging, making DeFi accessible and user-friendly. Users can effortlessly transfer assets across different blockchains with just a single approval, lowering the technical barriers and learning curve typically associated with DeFi transactions.

We are unique in terms of our technology and DEX offerings. We have the required expertise and more than 2yrs of experience in the Hive ecosystem to make this happen.

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Which other projects are offering to solve the DeFi infrastructure on Hive? Please list 10-30 projects so we can learn from their technology.

@gerber

Hive has a vibrant and active community, and decentralisation is at the heart of the blockchain. However, the irony is that to purchase Hive tokens, users have to rely on centralised exchanges. There is an urgent need for decentralised finance (DeFi) infrastructure.

If there is nothing special about our offering and the technology readily available, why is there no DeFi infrastructure on Hive? Please elaborate.

@gerber

You should try out a transaction, and then you will realise how seamless it is to bridge liquidity from EVM chains to Hive directly, without centralised exchanges.

https://hive.terablock.com/

@gerber