DeFi Integration
1. Introduction to AssetX Defi Integration
AssetX is a tokenized asset exchange platform that aims to bridge the gap between traditional assets and the blockchain ecosystem. One of the key features of AssetX is its integration with the DeFi ecosystem, allowing users to access a variety of DeFi services directly through the platform.
2. Lending and Borrowing
AssetX users can participate in lending and borrowing activities using their assets as collateral. This integration enables users to borrow assets and earn interest by lending out their assets to other users. The lending and borrowing process is as follows:
Users deposit their assets as collateral.
They can then borrow other assets based on the value of their collateral.
The borrowed assets are subject to an interest rate.
Users can repay the borrowed assets along with the interest to unlock their collateral.
3. Staking
Staking is another important DeFi feature available on AssetX. Users can stake their RWA tokens to participate in the platform's governance or earn rewards. Staking involves:
Locking a certain amount of RWA tokens in the staking contract.
Participating in governance decisions related to the AssetX platform.
Earning rewards in the form of additional RWA tokens for actively participating in staking.
4. Yield Farming
AssetX also supports yield farming, where users can provide liquidity to various liquidity pools and earn rewards in return. Yield farming on AssetX includes:
Adding liquidity to specific token pairs on the platform.
Earning a portion of the trading fees generated by the liquidity pool.
Receiving rewards in the form of RWA tokens and other tokens supported on the platform.
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