Have you ever thought of a crypto without trading capabilities? I mean what is the use of an asset if it can’t be exchanged for value? With the rise of technology, the blockchain network has also experienced massive growth and expansions – the launch of several crypto projects and their native tokens. Do you ever consider that it may grow too enormous to contain or control? A relevant example is a corporation that operates as a franchise in multiple places. It reaches a point where the owner is unable to make decisions on their own. Separate sites may be carrying out activities using different information. If only a single unit could connect all locations and ensure consistent operations. Same way, the blockchain network could use a unified platform with updated information about all digital assets and their liquidity, hence the birthing of Euclid.

Inherent Problems in Decentralized Finance (DeFi)

Decentralized finance (DeFi) is a digital ecosystem that enables people to transfer, buy, and exchange financial assets without relying on banks, brokerages, or exchanges. Like the word “decentralized”, DeFi avoids the regular channels for doing financial transactions. And it is the foundation for trading in the crypto world. 

However, as expansion continued the true potential of DeFi began to decline with larger deals having considerable price changes due to limited liquidity on certain DEXs and chains, which led to an unreliable trading experience and bad user experience. Also, it was difficult and expensive to move assets between various blockchains; users had to devise other means, which exposed them to dealing with security risks, and enduring delays. It became difficult for new DeFi ventures to get funding since they frequently had to compete with existing platforms for the same small pool of investors and customers. The result of all of this is a confusing and ineffective user experience and market.

Why Euclid?

Euclid is the long-awaited solution for the DeFi industry. This platform was designed after a comprehensive analysis of these difficulties, and it is the one-stop solution to all of them. It was designed to thoroughly address all of the concerns while improving user experience and asset liquidity.

Furthermore, this platform functions as a unifying medium, which is extremely advantageous to protocols, users, and decentralized exchange platforms. There are various benefits of integrating Euclid into the blockchain system. Aside from the solution it gives, it exposes protocols to a wide range of visibility by connecting several blockchains. It also improves user experience by making it easier to shift assets across blockchains and lowering slippage.

Furthermore, collaborating with Euclid can allow DEXs to focus on activities and features that will improve user experience with its frameworks and APIs, as well as access to a consolidated liquidity pool.

Conclusion

Blockchain technology is based on decentralized financing, which not only keeps third parties out but also ensures the security and anonymity of transactions. However, with the different obstacles that come with expansion in the blockstep in with its ground-breaking initiatives.