Innovative decentralized finance platforms and blockchain-focused end users continue to populate the .xyz community as cryptocurrency usage continues to gain popularity. There are over 5,000 cryptocurrencies as of July 2021, which is a considerable increase from 66 in 2013. Cryptocurrency transactions are often promoted as being private and anonymous. There is still some debate about the security of cryptocurrencies and whether hackers can too easily target them. In this week’s #WebsiteWednesday, we’ll introduce you to a privacy-focused decentralized finance aggregator that has assembled an all-star team of related products and digital solutions for use together, all on one secure platform: ADD.xyz.
ADD.xyz is a London-based full-stack decentralized finance (DeFi) aggregator that delivers a wide variety of decentralized finance products and related solutions all on one platform. A DeFi aggregator like ADD.xyz is a platform that leverages multiple different decentralized exchanges (DEXs) and performs various buying and selling strategies to help users maximize their earnings. As explained on their About Us page, ADD.xyz focuses on user experience, design, privacy and anonymity.
The newest development on ADD.xyz is their recent release of the third version of their decentralized lending aggregator platform, called +Earn. With +Earn, users can deposit cryptocurrency and earn interest from several platforms such as a decentralized money market that helps users lend and borrow a range of crypto assets, and another service that helps users optimize their earnings on crypto assets through lending and trading. In an interview, ADD.xyz founder Arnie Hill claimed that “ADD’s +Earn lending platform is the only platform that allows users to seamlessly encrypt their ERC-20 transactions with ZK-snarks, interact with aggregated governance, and much more. We’re different from other yield aggregators because of the value we place on being privacy-focused and accessible to all with zero fees.”
The ADD.xyz ecosystem contains several decentralized applications (also called dApps), each of which provides the user with one powerful feature of the DeFi system. Some of these dApps are:
The Connect Wallet feature of the ADD.xyz platform aims to reduce transaction costs for deposits by 90%. Instead of sending funds from their wallets to the platform (which would accrue transaction fees), all users need to do is connect their Metamask or Ledger wallets to ADD.xyz. Once their wallet is connected, a user can make deposits and withdrawals swiftly and at a much lower rate. The platform also prides itself on having a very smooth and simple user interface to make navigation easy.
As our features of blockchain-focused .xyz community members have reinforced, the .xyz community is rich with innovative forward thinkers ready to embrace the future. We are happy to welcome ADD.xyz and their efforts to make the world of decentralized finance a bit more accessible. The project’s 11K Twitter followers also seem to be excited about their efforts. Some followers are sharing their excitement by promoting infographics and testimonials about the ADD platform. To learn of the platform’s latest updates, follow them on Twitter or visit ADD.xyz.