KiKeboKenanga: Poolz

Poolz

Overview
Poolz is a decentralized, Layer-3 swapping protocol enabling startups to manage liquidity auctions, thus bringing them closer to early-stage investors and liquidity miners.

As blockchain-cryptocurrency innovators are looking for decentralized, censorship-resistant ways of fundraising, there has been an emergence of Initial DeFi Offering (IDOs) and Initial Liquidity Offering (ILO). Furthermore, given the rise of Automated Market Makers (AMMs), a token’s liquidity has become a crucial determinant of its market price.

Although the market is becoming more competitive and value-oriented, early-stage innovators are facing unprecedented challenges due to these fast-paced changes. Prior to listing, they now have to seek liquidity investments for their tokens. In turn, however, the scenario presents new opportunities for early-stage investors, facilitating higher and more secure returns through liquidity mining.

Poolz’s Solution
Poolz is a Layer-3 swapping protocol envisioning a decentralized way of connecting early-stage blockchain-cryptocurrency innovators and investors. Its unified interface allows project owners to launch and manage liquidity auctions that are easily discoverable by investors on the platform.

Starting off with Ethereum, Poolz embarks on a long-term mission to disrupt and fully decentralize liquidity auctions. The project is built with a vision to facilitate greater interoperability through cross-chain interactions, which in turn, will further strengthen DeFi adoptions and value.

Secured & Trustless
As such, there are two major hindrances to DeFi’s mainstreaming, apart from the commonly-discussed scalability issues. Most of the existing projects aren’t user-friendly and have steep learning curves. Furthermore, bug-ridden and poorly-written smart contracts appear to be undermining DeFi’s potential for being tamper-proof. To mitigate these issues, we have used React Native to build the responsive Poolz UI, along with an intuitive information architecture for a compelling UX.

By using Solidity for our back-end smart contracts, we ensured optimal security while achieving complex member variables, hierarchical mapping, and layered inheritance in our MVP. Furthermore, as a company, Poolz is non-custodial and all funds on the platform are held in auditable smart contracts.