The emergence of DeFi is a major step forward for cryptocurrency. In the past, the circulation and trading of tokens had to go through a centralized CEX. Centralized CEX has its own advantages, such as a good transaction depth and a sense of extreme transaction experience. At the same time, derivatives can be traded on CEX. However, CEX has many problems, such as centralized control that reduces the cost of evil. The emergence of DEX broke the inherent model of CEX, that is, the first need to top up their assets into CEX to trade. DEX allows users to log in directly with their accounts. In this process, users only interact with the contract and the funds are always in their own hands. DEX further embodies the concept of decentralization and DAO.
And many DeFi protocols also choose DEX as the starting position for tokens, such as Compound, Balancer, Aave, and so on. Because this type of head DeFi product comes with a "star ", it also has a considerable financial advantage in the liquidity pool. In the form of decentralization, after some project parties issue tokens and provide initial liquidity, they also throw their concentrated chips into the capital pool, arbitrage investors’ funds, and ultimately make the liquidity pool . And users don’t know anything about the token model of this currency. After all, in a decentralized world, there are many people who do not disclose the actual token model. Therefore, for the decentralized world that advocates DAO autonomy, tokens model ,The actual model and the liquidity of the capital pool are the pain points of the decentralized world. Fortunately, polkalokr provides a good medicine for such pain points.
Polkalokr
Polkalokr's ecological members eliminate human factors through a seamless omni-channel digital experience platform (accessible through mobile phones, PCs, etc.), and focus on governance through code, thereby establishing trust in the DeFi space. Polkalokr provides a set of modular building blocks that meet all needs, and builds a token-locking platform for the highly customizable token economy. By creating a seamless omni-channel digital platform with user experience as the core, Polkalokr plans to use a multi-chain token custody platform to distribute tokens to investors' hands, simplifying and credibility of the complex token economic ecology.
Polkalokr contains two products, Lokr and Swapr. The combination of the two products can provide a comprehensive choice for the token economy and users to lock, distribute, monetize, and ensure and exchange tokens that support future DeFi and blockchain protocols.
Lokr is a multi-chain token custody platform. Lokr will enable a highly customizable and flexible release schedule for tokens. The project party can formulate a token model based on Lokr, and the locked part of the token will be hosted on Lokr, and Lokr will be unlocked according to the unlocking conditions set by the project party, such as project milestones, specific events, and dates. On the one hand, the transparency of tokens is guaranteed, and it is also ensured that opaque tokens will not flow into the market intensively, resulting in losses of investors’ funds due to liquidity tending to zero.
Swapr is a cross-chain token exchange protocol that allows users to exchange assets and conduct transactions in a non-circulating form. From the current market as a whole, there is almost no DeFi protocol that allows users to extract corresponding value from locked assets. SWAPR realizes the establishment of a secondary market by allowing the creation of peer-to-peer (P2P) transactions for locked assets. Users can set prices for locked assets, and then other market participants can determine whether the prices are reasonable, and then purchase these locked assets. Sellers using Swapr immediately obtain the liquidity of their assets, while allowing buyers to purchase locked-in assets at a price that is satisfactory to them. In this way, transparency and credibility can be maintained, and the smart contract acts as the executor of this process.
In Swapr, any data change based on the oracle can be used as a trigger for your transaction. Whether it is the result of a ball game, the temperature changes of the north and south poles, etc., they can all be used as factors to trigger transactions. With the continuous improvement of the oracle, even after the death of the asset holder, its assets will be directly released by the smart contract to the wallet of its successor. Swapr has unlimited application potential.
Therefore, for the decentralized world, although decentralization and openness were advertised in the early days, the actual distribution of many tokens did not follow the principle of openness and transparency. The system constructed by Polkalokr, on the one hand, templatized the token distribution model, allowing more teams to focus on product developers instead of paying too much attention to non-technical and logical parts. At the same time, for investors, it is possible to avoid the significant drop in liquidity on the AMM model DEX caused by the concentration of tokens, making the tokens in their hands unable to sell and becoming non-performing assets. Now Polkalokr is also welcoming eco-partners such as Terra Virtua, API3, Ferrum Network, Tidal, and more.
