The following are the modules that will be built for the NEW eFIN DEX on top of the BINANCE SMART CHAIN (BSC)
NEW eFIN DEX
A fork from UNISWAP (the most successful DEX so far) deployed on BSC. The eFIN DEX will be plugged into the $4.6 Billion DeFi ecosystem in BSC with fast 5-second swaps. According to defistation.io, PANCAKESWAP (another UNISWAP fork on BSC) has $1.5 Billion assets under management.
Since eFIN lives in its own native blockchain, a custodial multisig solution that holds the native eFIN COINS and issues their equivalent in the BSC is necessary. This solution turns eFIN into a multi-chain solution capable of taking advantage of its native BITCOIN features, as well as smart contracts on BSC.
BSC WALLET SUPPORT
To work on the BSC, the eFIN APP must support the BINANCE COIN (BNB) as a token, as well as BEP20 tokens (BINANCE’s copy of ERC20) for the exchange trades. This means that the eFIN Mobile Wallet will be able to support tokens with high liquidity from the BINANCE ecosystem.
When OASIS is integrated, eFIN can automatically and seamlessly use its multi-chain integrations to allow users to jump from fiat, straight into any coin on BSC, ETHEREUM and native blockchains turning eFIN into a DeFi/fiat hub.
eFIN DEX DAO
A new token can be issued for governance and airdropped to eFIN holders as liquidity rewards in the DEX, as well as creating a treasury for eFIN development. SUSHISWAP and many other DeFi projects have successfully bootstrapped through this method.
By reusing the eFIN BRIDGE made for BSC, a second bridge can be built to take eFIN to ETHEREUM chain and integrate it to its ecosystem, making eFIN a 3-protocol token.
eFIN UNIVERSAL BRIDGE
Using the BINANCE BRIDGE API, the eFIN Mobile Wallet will serve as a gateway between ETHEREUM, BSC and native chains like BITCOIN and LITECOIN while taking a fee for its service.