Algoblocks allows users to simplify their Decentralized Finance (DeFi) experience by investing in a combo of DeFi products with a few clicks of a button.
By offering a diverse selection of products, Algoblocks aims to satisfy its users’’ needs with an array of offerings.
Let us examine a few of these:
Algo “AlgoBlocks” Templates
The first key feature to mention on the platform is the ability to use pre-programmed algorithmic templates of interactions with DeFi products without using several steps to execute the action.
Users are encouraged to create and save interactions that can be published on the Algoblocks platform as a registered block.
This block can be built by either users or the community to trade, swap and farm more cryptocurrency.
These ‘Algoblocks’ can be used by creators to earn whenever someone else uses the Algoblock.
This function is designed to accelerate the creators of the platform through further earning potential and increased traction the platform gains over time.
The Swapping / Adding Liquidity function:
Algoblock’s allows users to simplify the process of token swapping by increasing accessibility to liquidity pools to earn further yield.
The product demand survey the company held showed the most requested platform trade function was swapping and liquidity.
The key differentiating factor the platform offers is the ability to swap any token pair without the need for a liquidity pool.
This would work in the following way:
If a user needs to contribute USDT to a TRX pool but only holds USDT, Algoblocks allows one to automatically swap and add any token to a pool.
This creates an automatic smart contract in the background so the swapping and adding of liquidity is added seamlessly.
The next step Algoblocks offers is to customize and automate the transaction parameters they desire.
The platform’s interoperability allows ease of transacting on multiple blockchains, improving the UI for members. This includes associated transactional gas fees.
Offering an All-In-One Dashboard:
After connecting a wallet, users are provided with a wide array of services to provide them with actionable intelligence and surface information for improved crypto holding services.
On the platform, one can view all connected tokens in the specified wallet with intelligent metrics. This allows for informed decisions to be made by a platform utilized by tracking tokens, analyzing real-time gas fees for transactions, and Alerts for significant movements.
More product uses are anticipated to be added in due course, for updates visit the website: www.algoblocks.io
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