Phase 3 - DeFi & Staking Protocols
As part of efforts to build a comprehensive comparison engine for Web3, Ponder will aim to integrate itself directly with DeFi protocols across chains allowing end users to enter and exit DeFi positions and even move positions across chains all from a single hub. Phase three will begin with integrations of some of the largest DeFi protocol integrations starting with AAVE, Compound, Liquity and several more blue-chips names within the space.
DeFi generally speaking has many moving parts that tend to plug into each other one way or another. This is in line with the concept of “lego blocks of money”. DeFi is a collective effort with no intermediaries in between. However, the problem with DeFi and in general Web3 is the complexity and speed of evolution that has become a burden on end users to keep up with and spot the new trends. As well as finding the most lucrative offerings and of course security reassurance. Ponder will work as an abstraction layer with extensibility and scalability in mind considering the speed of development and progress in this space.
Ponder will aim to provide an abstract with minimal complexity for end users to;
Interact with underlying providers:
Deposit Collateral
Withdraw Collateral
Loans
Create/Issue Loan
Payback Loans
Liquidate Loans
Enter or Exit Lending Pools
Liquidation Data
Query credit limit or “line of credit” for a given wallet
Health Factor of a Given Wallet (Credit Score)
The end goal for phase three will be to bring all (complex and non-complex) data available on-chain together and present it as bitesize abstract views for individuals and institutions to analyse and execute trades without ever having to “shop around” on multiple platforms.
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