DDEX is a decentralized money market protocol based on ethereum to lend your assets and earn interest with Ethereum, Bitcoin, Tether, USD Coin, Dai, and Sai.
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- What is DDEX?
DDEX is a decentralized margin trading exchange based on the ethereum blockchain, where users can deposit/lend their asset with the protocol to earn an interest.
The interest rates on DDEX are set algorithmically based on supply and demand. Lending and borrowing is done through the use of decentralized lending pools, where lenders pool assets into a smart contract and borrowers take loans from this pool (secured by collateral). As such, these interest rates are dynamic, and fluctuate when supply and demand changes.
The functionality of DDEX is empowered by the open source Hydro Protocol v2.0 framework protocol.
- What is your infrastructure security setup?
From the ground up DDEX is designed to be as robust as possible: from price oracles, to liquidation mechanisms, to the underlying smart contracts.