Today we have another interesting DeFi project to look at. It’s called as Frontier and their site URL is https://frontier.xyz. It is listed on WazirX and you can start trading FRONT/USDT in the app but before investing in the project let’s understand what the project is all about.
The information below has been sourced from the website mentioned above. If you believe anything is misspelled or not explained properly be sure to comment with your suggestions.
What is Frontier?
It’s a chain-agnostic DeFi aggregation layer which supports DeFi on Ethereum, Binance Chain, BandChain, Kava and Harmony. Via StaFi Protocol, it is expected to enter into the Polkadot Ecosystem where it claims to put vigorous effort towards Serum.
With the applications of Frontier, users can participate in protocol tracking and management, staking, best rate asset swapping, liquidity provision, CDP creation and monitoring etc.
In short, Frontier’s core mission is to bring the essential pieces of DeFi to users across whichever platforms they prefer.
- Binance Chain
- Cosmos Network
Let’s discuss about some Problems & Solutions
There exists no product on the market that allows users to track and manage their entire DeFi portfolio from anywhere.
Lending, borrowing, staking, asset swapping, and providing liquidity are isolated, painful experiences.
Frontier is at its core, an aggregator. It fixes the fragmentation problem by enabling unified Compound, Maker, Synthetix, Aave, InstaDApp, Uniswap, bZx, Balancer, and Curve monitoring and management.
As more protocols are added into the ecosystem, Frontier provides support.
Dependency & Isolation
Non-custodial wallets are great for holding cryptoassets, but strict app guidelines make them unusable when participating in DeFi. Many wallets also willfully attempt to create lock-in—this results in users downloading multiple wallets and creating many addresses to participate in one ecosystem.
Freedom & Choice
To date, Frontier has added integrations with Trust Wallet, Coinbase Wallet, MetaMask, imToken, and Fortmatic. More will come. Users never need to transfer assets into Frontier to participate in DeFi. It sends them where they already are while giving them the best that DeFi has to offer.
Providing collateral for loans, staking, giving liquidity to pools, and token swaps are stressful experiences, not because they are difficult concepts but because they are overly complicated. Friction exists in DeFi right now, and beginners find themselves at odds with DeFiʼs current UX practices.
Building better means crafting great user interactions with DeFi protocols, better experiences entering and exiting liquidity pools and more precise in-app communication about the benefits and risks of products. It’s current Beta app is close. The Version 2 relaunch will be much closer. The end goal is to remove all DeFi doubt through better design.
The users of frontier, can participate in protocol tracking and management, staking, token swaps, liquidity provision, Collateralised Debt Position (CDP) creation and monitoring, and more as mentioned above. The idea looks promising. The core team has a good background in the field and if you want to trade this token, you can do it using WazirX App.
Happy Trading 🙌🏻.