Introducing Asva — The Cross-chain money market powered by DeFi and NFTs

The current DeFi landscape is complex creating a cumbersome trading experience for platform users. The various aspects of DeFi such as token swaps, lending,, asset management, and yield farming are the fragmented pieces of the DeFi ecosystem that need to be addressed through multiple chain protocols on different blockchains. There is a pressing need for liquidity aggregation mechanisms and seamless money market features to enable DeFi mainstream adoption.

Asva is a cross chain money market powered by DeFi and NFTs build on polkadot it aims to address existing drawbacks like Fragmented Liquidity , Cross chain trades , money market and Limited use cases of NFT’s by deploying cross chain integrations such as ethereum , binance smart chain ..etc

What is ASVA Finance?

Asva Finance is a decentralized money market involving cross chain liquidity aggregation protocol allowing users to swap, lend, and farm cryptocurrency assets and Non fungible tokens . Leveraging the powers of the Polkadot network, Asva Finance is building its own parachain to contribute to the ever-growing decentralised money market features.

Asva Finance employs interoperable technological solutions to redefine the DeFi landscape. The major components of ASVA’s platform constitute cross chain Liquidity aggregation, lending, Yield farming and NFT platform. The comprehensive nature of the platform provides a one-shop solution for all segments of users.

Why build on Polkadot?

Polkadot is a next-generation blockchain protocol that connects multiple blockchains into one unified network. This enables many transactions to be processed in parallel overcoming the bottleneck of processing transactions one by one on legacy networks.

This parallel processing power significantly enhances scalability with speedy transactions across multiple blockchains. The transaction fees on Polkadot are much less compared to other blockchains. This allows more users to adopt and build on the Polkadot network.

Further, Polkadot uses a substrate framework that allows easy interoperability across multiple chains. It also has forkless and future-proof features that increases adaptability and ways for meaningful interactions, thus providing immense value to the DeFi ecosystem.

Asva Technical Architecture

Asva employs a technical and robust infrastructure. Asva utilizes parachains. The current Asva framework is striving towards driving interoperable solutions not limited to parachains but also diverse blockchain networks such as Ethereum, Tendermint, Cosmos, Binance Smart Chain and others. Asva aims to become a comprehensive interoperable cross chain liquidity aggregator platform to allow swapping, lending, leveraging and asset management.

The primary components of the Asva Finance comprise the following:

Asva finance Ecosystem

ASVA Finance promotes diverse DeFi ecosystem solutions with the intent of providing smart solutions infused with technological innovation to increase the overall utility of the existing platforms and protocol. ASVA finance introduces NFTs natively to DeFi use cases.

1 Asva Defi Use Cases

1.1 Cross Chain Liquidity Aggregator :

The asva cross chain liquidity aggregation protocol integrated with decentralized exchange and liquidity pools across multiple blockchain networks including Ethereum, Binance Smart Chain .. etc thus providing users with adequate liquidity to exercise their trades.

Asva will utilize open API solutions to drive liquidity from various decentralized exchanges and liquidity pools. It will facilitate seamless cross chain liquidity aggregation through API integration for users with attributes such as low-transaction costs, instant swaps and increased ease of use.

1.2 Smart Lending :

The Asva platform promotes lending and borrowing of crypto assets. Asva will utilize existing decentralised oracles like Chainlink and Band protocol. ASVA Finance will cater to the best lending and borrowing services from Compound, Maker, AAVE and other lending and borrowing protocols in cross chain like Polkadot. Asva will leverage existing open-source API’s of specific protocols for providing smart lending and borrowing aggregation.

1. 3 Smart Yield :

Asva smart yield aggregator solutions will provide users an opportunity to maximize their yields. Through Asva yield aggregators, users will be able to stake their liquidity provider tokens and earn extra reward on top of their existing transaction fees. It will allow novice users to seamlessly leverage underlying protocols for efficient yield farming strategies. It will employ its own yield aggregator algorithm to extract the maximum yield across various platforms.

2 Asva NFT use cases

The NFT’s are the next holy grail that users are diving into after the booming decentralized financial space. The demand for NFTs has risen magnificently attracting creators, collectors, investors and traders due to the intricate features of non-fungible tokens. The unique characteristics of NFTs has created a fascinating parallel between art and technology.

2.1 Asva NFT marketplace

ASVA is building the next-generation NFT marketplace that eases purchasing and selling of virtual digital assets such as collectibles in the form of games, art, music, virtual lands and other tokenized assets. Leveraging Polkadot, it offers efficient price discovery mechanisms for users to drive NFTs to mainstream adoption.

Tokenized real world assets

The concept of colored coins were introduced in Ethereum and made popular and mainstream with erc-20 tokens. However, the erc-20 tokens have intrinsic limitations when it comes to representing real world asset classes. Erc20 tokens are ideal for representing utility and service asset classes rather than representing real world asset classes. NFTs are conceptualised to represent real world asset classes.

Bridging NFTs to DeFi

Today, DeFi based solutions are primarily built for erc-20 tokens in ethereum and its variants in other chains. ERC-20 revolutionized the concept of colored coins and helped isolate value and enabled platforms and users to have independent token economics. NFTs on the other hand has complimentary use cases to that of erc-20 tokens. If erc-20 tokens are used to represent value as a similar entity, NFTs help entities with dissimilarities and real work assets to be tokenized seamlessly. Allowing real world assets to be tokenized helps unlock the value of NFTs in DeFi.

2.2 NFTs lend and borrow

DeFi lending enables decentralised lending pools and collateralized assets backed loans. Again, the use case of DeFi lending is limited to erc-20 tokens in ethereum and its variants in other chains. However, NFTs have the potential to unlock real work assets and tokenize them. Asva NFT platform will allow lending and borrowing based on NFT based collateral.

Conclusion:

The crypto ecosystem is constantly evolving and every day new users are getting involved. The DeFi and NFT ecosystem has a lot of potential to revolutionize traditional finance and digital art. But one of the main challenges is interoperability across blockchains.

ASVA finance addresses these challenges by providing cross-chain money market solutions with high liquidity and low transaction fees.

ASVA is striving to bridge the gap between DeFi and NFTs by creating tokenized assets, fractional ownership and enhanced liquidity that can utilize ASVA DeFi products.

Seamless cross-chain trades are the future and this will take DeFi & NFTs to mass adoption.

Learn more about ASVA’s

official website — https://asva.finance

Twitter: https://twitter.com/asvafinance

Telegram: https://t.me/asvafinance

facebook: https://www.facebook.com/asvafinance

linkedin : https://www.linkedin.com/company/71280081/

Asva Labs is an innovation lab that is building a decentralized Web3 financial ecosystem for emerging virtual economies.