DeFi owns obvious advantages and potential application prospects compared with traditional finance with the development of blockchain technology, Amara Finance is inspired to be a cross-chain financial aggregator for NextDeFi aiming to be the DeFi collaboration center to bridge Polkadot and the off-DOT world.
What it does
AmaraLink: Assets on different chains can convert swiftly,safely and efficiently through AmaraLink without intermediates. AmaraLend: Users can use LP token as collateral,Amara platform auto compound to give users high APY and allow users to mint AUSD(Amara USD)simultaneously. AmaraPay: Buy crypto assets with legal currency in ease and compliance and realize offline payment by the crypto assets real-time price payment channel.
How we built it
We built it with a professional team that is full of relevant experience on the blockchain.The core members are mainly from the US and China. Actually, we have members around the world. We all understand that the blockchain is borderless so an international team is necessary for the development of our project.
Accomplishments that we're proud of
AmaraLink received Polygon’s grant and was awarded Moonbeam’s prize in 2021. 150k+ supporters in total on Telegram, Twitter, Discord, Medium, etc. MARA has been listed on MEXC and is included by CMC and CG. The amount of staked MARA in the pool of Amara Stake is 15 million. AmaraLend testnet has been deployed on Moonriver, Harmony and Clover according to the requirements of the grant. Also, AmaraLend got support from many mainstream public chains, including but not limited to grant, PR, technology support.
What we learned
Amara seamlessly connects popular cryptocurrency in the market via low-friction transmission,Capture high-quality long-tail assets, release the liquidity of long-tail assets and extend DeFi to new border
What's next for Amarafinance
AmaraLend testnet has been deployed on Moonriver, Harmony and Clover according to the requirements of the grant. Also, AmaraLend got support from many mainstream public chains, including but not limited to grant, PR, technology support.The testnet campaign is opening now,the official launch will be soon.