Blockchain, UI/UX Design, Website Development

Wingswap

A decentralized finance (DeFi) platform

Wingswap 1st image
Client

Confidential

Duration

3 months

Category

Blockchain

Year

2022

Technology

AWS, Mongo Atlas, Infura IPFS, Solidity, The Graph, Lambda serverless, NodeJS, ReactJS

Introduction

Wingswap is a decentralized finance (DeFi) platform that aims to provide automated, blazing-fast, and all-round solutions for the industry, enabling users to engage in yield farming, execute swaps and limit orders with low fees, and explore advanced NFT functionalities on a user-centric platform.

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Challenges

Wingswap aims to deliver an automated, blazing-fast, and all-round solution for the DeFi industry. However, several challenges stood in the way of achieving this goal:

– Smart contract security and vulnerability: Operating within the DeFi space inherently involves handling significant user assets, making the security of smart contracts paramount. Ensuring the immutability and resilience against potential exploits or bugs was a critical concern.

– Blockchain data indexing and real-time querying: Providing users with up-to-date and historical data for yield farming, swap prices, and NFT listings required efficient indexing of complex blockchain data. Traditional methods proved insufficient for the required speed and depth of information.

– Seamless user experience across complex DeFi functionalities: Translating intricate DeFi concepts like yield farming, automated market makers (AMMs), and NFT interactions into an intuitive and user-friendly frontend was crucial for broader adoption.

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Solutions

To overcome the challenges, Hola Tech adhered to the best practices. Key components of the solution included:

– Secure and audited smart contracts: Hola Tech implemented robust Solidity smart contracts with extensive testing frameworks and engaged independent third-party auditors to ensure the highest level of security and immutability for all on-chain operations.

– Advanced data indexing: Leverage The Graph protocol to create custom subgraphs, enabling efficient, real-time indexing and querying of blockchain data for historical price charts, user positions, and NFT metadata, providing a seamless data experience for the ReactJS frontend.

– Intuitive and responsive frontend: Develop a highly interactive and user-friendly ReactJS application with clear navigation and intuitive interfaces for yield farming, swapping, limit orders, and NFT management, abstracting away underlying blockchain complexities.

Featured numbers

– Processed over 500,000 DeFi transactions

– Attracted 10,000+ unique active users monthly

Results

The implemented system successfully met Wingswap’s requirements for performance, security, and functionality within the demanding DeFi landscape. The platform has significantly lowered the barrier to entry for users seeking automated and efficient DeFi solutions, attracting over 10,000 unique active users monthly. Wingswap has empowered these users to seamlessly engage in yield farming, execute over 500,000 DeFi transactions with competitive fees. This demonstrates Wingswap’s success in providing a blazing-fast, secure, and all-round solution for the dynamic decentralized finance industry.

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