The MAPP project
One app for all. Bringing principal value across defi applications under one app.
Decentralised finance applications
Decentralised finance eliminates intermediaries by allowing people, merchants, and businesses to conduct financial transactions through emerging technology. Through peer-to-peer financial networks, DeFi uses security protocols, connectivity, software, and hardware advancements.
Wherever there is an internet connection, individuals can lend, trade, and borrow using software that records and verifies financial actions in distributed financial databases. A distributed database is accessible across various locations as it collects and aggregates data from all users and uses a consensus mechanism to verify it. (ref: Investopedia).
Case
As DeFi advances as the future of finance & the internet with leveraged web3 & blockchain technology, number of new and existing users are interested in entering- exploring the world of cryptocurrency and decentralised applications, there are huge barriers that discourage them. Taking to consideration the evolution, complexity and utilisation cons limiting retail users such as;
Performance issue over trust-less & leaderless blockchains
High fees: DeFi allows investors to access a wide range of financial products. However, only those who are ready to pay high fees for each transaction can access them limiting new and existing retail users
Liquidity issue: This is crucial because liquidity is a key element for competitive prices in the financial sector
Risk of user error, network or protocol security
User experience: New users lack products usability experience, causing limitations in accessing complex products over traditional methods
Key innovation: Mirror Application
The innovation of Mirror Application aims to become a one app for all crypto needs, bringing principal value across defi applications under one app, eliminating barriers faced by retail users, ensuring:
Accessibility to defi applications: Anyone with an internet connection can access DeFi applications without restrictions and user friendly implementations easing utility complexities.
Low fees and high-interest rates: Mirror DEX aggregator source for best transaction or operational options for users
Security & transparency across defi applications for users
The goal of DeFi is to challenge the use of Centralised finance (CeFi), Mirror application aims to be a gateway and aggregator application, bringing defi applications under one accessible application for users.
Mirror application & aggregators
Mirror DEX (decentralised exchange aggregator): Liquidity aggregation from multiple exchanges to give best transaction rates. Relational fast and lowest slippage are considered factors.
Mirror Yield farming: Crypto assets high yield farming from the best offered interests with a single click under one app with yield optimizers and users added features.
Mirror digital assets management & trade centre covering NFTs marketplaces, minting & generation; view, bid and sell top collectibles with user suitable options.
Access to GameFi such as DeFi play to earn, Metaverse decentralised products and SocialFi networks across BNBChain.
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