DePo (DEPO) claims to be the world’s first decentralized multi-market aggregator platform that is suitable for both beginners and experienced users. It serves as a bridge between institutional-grade investment and widespread retail usage of blockchain and cryptocurrency technology.
DePo is trying to build a holistic ecosystem in which all aspects of crypto trading, storage, and management are available to a worldwide audience via a single platform. It provides a platform where users can have portfolios of digital assets across various blockchains, platforms, and marketplaces. Moreover, the platform also comprises centralized exchanges (CEX), decentralized exchanges (DEX), NFT markets, and DeFi farms and pools.
How Does DePo (DEPO) Work?
DEPO uses Smart Order Routing (SOR), which is an automated approach for managing orders that aim to take advantage of the greatest available opportunity across a variety of marketplaces. Users can obtain the best possible bargain from the global cryptocurrency market when trading assets on DePo. To do this, each trade order is dispersed across many centralized and decentralized exchange markets, resulting in the best prices on a constant basis.
Problems in the Crypto World That DePo Will Solve
There are hundreds of competing tokens emerging every day. Decentralized products, chains, and exchanges have all grown to give distinct benefits, but with their own idiosyncrasies and variable degrees of interoperability. This has created two important entrance hurdles into the crypto space:
1. Complexities that users face while dealing with the crypto platforms
To begin, when it comes to acceptance of crypto in the masses, the first learning curve is high and plagued with not just difficulties but also the regular prospect of irrecoverable financial loss due to user mistakes.
Each token may demand a unique wallet, exchange, and staking site, each having its own set of login requirements, fees, interface of the system, and requiring many tasks across several interfaces. This presents a number of possible failure points where a user’s improper action might lead to financial loss.
Because of the maze of platforms, networks, protocols, wallets, and exchanges, widespread cryptocurrency adoption remains unknown. To come on board, one must spend a large amount of time learning about technicalities.
2. The hurdle posed by a diverse portfolio
Second, even the most experienced users can perceive cost reductions in maintaining multiple assets spanning an ever-increasing number of wallets, protocols, and chains, thus restricting the extent of their engagement and hence the overall expansion of the ecosystem.
Due to the lack of a single live portfolio overview, principles such as risk management, asset diversification, and portfolio rebalancing can be difficult to apply. This is especially difficult if a portfolio includes a variety of crypto assets such as DeFi and NFTs.
The Solution That DePo Provides
DePo seeks to combine the fragmented environment within one roof, introduce interoperability to cryptocurrency investment, and enable its users to harness the full potential of blockchain technology and DeFi. All of this will be accomplished through the use of user-friendly aggregator technology.
Aggregator technology is widely used in the travel industry, allowing it to grow to a $9 trillion business by empowering travelers through web-based platforms such as Skyscanner or Kayak that combine all information in one place and eliminate intermediaries.
DePo aspires to accomplish the same result in the crypto arena. The notion is not only technologically validated, but it is also well-known and commercially feasible. Ideally, ongoing development in cryptocurrencies has the potential to exceed the present value of the global financial industry, which is over $20 trillion, or more than double the current size of the travel industry.
Unique Features of DePo
Investment-Grade
DePo is a one-stop platform that provides users with the necessary trading tools and quick liquidity access required to manage digital assets on a professional or institutional level.
Decentralized
Users have complete control over their assets, avoiding the locks and constraints imposed by centralized financial institutions. DePo is non-custodial in the sense that your keys and coins are yours to own. The platform does not have any KYC requirements.
Consolidated Multi-Market Aggregator
DePo is a unified platform that brings together all major controlled and decentralized exchanges, NFT marketplaces, and decentralized apps (dApps). Therefore, users are not compelled to manage their digital assets across several platforms.
Ease of Use
DePo employs a user-friendly and easy-to-use interface that allows you to access assets in only three clicks.
The Best Price
DePo enables customers to harness the power of liquidity routing by utilizing SOR or smart order routing, which ensures that you always receive the best price available in the global cryptocurrency market.
All CEX’s and DEX’s
DEPO auto-syncs data from over 600 cryptocurrency exchanges and 6,000 assets securely, allowing you to trade your digital assets with ease.
It also provides quick and efficient trading on all accessible DEXs without the need for a middleman that may sacrifice performance and security. Consider a dashboard that allows you to trade, arbitrage, and manage your accounts on all DEXs in which you have liquidity – all in one spot: DePo is the name.
All NFT Marketplaces
DePo’s native marketplace allows you to generate, purchase, and sell NFTs. The data feeds inside DePo aggregates prices from Rarible, Mintable, and Opensea from around the NFT market.
DeFi Lending Protocol
DePo is compatible with all DeFi lending protocols and, via its smart contract, interfaces with various blockchain platforms, including Uniswap and Sushiswap. It will allow you to lend and borrow tokens using various DeFi apps all the time.
ERC20 Wallets
DePo is interoperable with all major ERC-20 wallets, enabling you to store, receive, transmit, and trade your tokens in a safe manner.
Staking
DePo allows you to keep ownership of your tokens while maximizing your holdings across all staking platforms. Staking allows investors to increase the value of their crypto assets by participating in staking or lending.
Aggregation of Liquid Assets
DePo allows you to view all of your trading activities and portfolio performance on a single, streamlined, and simple-to-use dashboard. Connecting to DePo basically means supercharging all of the platforms on which you presently store your cryptocurrency. The liquidity in each of your accounts becomes fairly flexible, is measured collectively, and is presented on the user dashboard. This effectively implies that whatever account you link to DePo, whether it is a CEX, DEX, wallet, or NFT marketplace, will be displayed in a single location. To top it all, the assets in the account will be instantaneously transferrable.
