There is a growing focus on the Polkadot ecosystem as of late. It is a unique take on blockchain technology and scalability, allowing for innovative DApp development. The following DApps are all worth taking note of today.
Ren (Unchained Liquidity)
The Ren project represents an open protocol to access inter-chain liquidity for all decentralized applications. With the help of RenVM, it is possible to bring Bitcoin and ZCash to Ethereum DApps, for example. Thanks to a partnership with Acala network, this functionality has now been extended to Polkadot’s multi-chain ecosystem. Currently, Ren is integrated into popular solutions such as Loopring, Uniswap, Bancor, 1Inch, and so forth.
Mantra DAO (DeFi)
Similar to other DeFi offerings, Mantra DAO focuses its attention on staking, lending, and governance. As it is built on Rio Chain for Polkadot, Mantra DAO, it provides a suite of decentralized finance solutions to the community. It is worth noting Mantra DAO has a reputation mechanism to reward users for positive contributions.
LocalCoinSwap (Peer-to-peer Marketplace)
Most Bitcoin enthusiasts are familiar with LocalBitcoins. Polkadot’s technology seems to lend itself well to build a proper global multi-chain peer-to-peer exchange. LocalCoinSwap decentralizes the buying and selling of cryptocurrencies worldwide, resulting in over 250 supported payment methods. Polkadot is one of the many supported assets, making this platform versatile.
Polkastarter (Raising Capital)
In the cryptocurrency and blockchain world, there are many ways to raise capital. Polkastarter, built on Polkadot, provides a cross-chain token pool and auction system, allowing projects to raise money in a decentralized and interoperable manner. Several pools are accessible already, with more coming shortly.
PolkaSwap (Cross-chain AMM DEX)
Over the past few months, there has been a growing interest in AMM decentralized exchanges. The PolkaSwap team acknowledges this success and puts its spin on the matter through Polkadot’s technology. The entire service is non-custodial and cross-chain compatible, tapping into nearly unlimited liquidity. PolkaSwap is currently on the test, and its mainnet will go live in Q1 2021.
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