Lending and borrowing
Users needed a money market for lending and borrowing tokens.
Project X DEX: DeFi lending, borrowing and synthetic stablecoins
DeFi lending, borrowing and synthetic stablecoins
We built Project X DEX, a Binance Smart Chain money market with staking, borrowing, swaps and over-collateralised xCoin minting.
The Challenge
What stood in the way.
Users needed lending, borrowing, token swaps and yield farming in one application. Spreading these across different platforms means more wallets, more steps and more places for things to go wrong.
Swaps and yield farming
Token swaps and yield farming needed to sit in the same application.
Reliable prices
Lending and minting depend on accurate asset prices.
Token launches
The project needed DEX and IDO contracts for token offerings.
Our Solution
How we answered it.
We built a money market with token staking, borrowing, swaps and over-collateralised xCoin minting. We added oracle pricing and DEX and IDO contracts.
- ProblemLending, swaps and farming were spread across separate apps.Our answerWe built them into one money market application on Binance Smart Chain.
- ProblemMinting a synthetic coin needs protection against falling collateral values.Our answerWe made xCoin minting over-collateralised.
- ProblemContracts need reliable asset prices.Our answerWe added oracle pricing.
- ProblemThe project needed token launch functions.Our answerWe added DEX and IDO contracts, using Gnosis IDO contracts.
How It Works
The parts that made the difference.
Token staking
Users can stake tokens in the money market.
Borrowing
Users can borrow against tokens they supply.
Swaps
Token swaps are available inside the same application.
xCoin minting
Users can mint xCoin, with positions over-collateralised.
Results
What changed for the client.
Project X DEX now offers lending, borrowing, swaps and synthetic coin minting from one application.
- Staking, borrowing and swaps available in one money market
- Over-collateralised xCoin minting in place
- Oracle pricing and DEX/IDO contracts added
Technology
What it was built with.
Part of our custom software work.
- Binance Smart Chain
- Solidity
- JavaScript
- Remix
- BSCscan
- PancakeSwap
- Price oracle
- Gnosis IDO contracts
Let’s Talk
The next big thing starts with a conversation.
An idea, a challenge, a “what if”. Tell us what you have in mind, and we’ll figure out the next step together.
What happens next
- Share your ideaSend the form or book a call, whichever suits you.
- Discovery callWe talk through your goals, timeline and scope.
- A clear proposalA fixed price or monthly rate before any work begins.
- info@technomous.com
- Phone
- +92 333 0440459
- Chat on WhatsApp