E-Commerce aggregators, News Aggregators, Insurance Aggregators, Basically, we’ve seen the number of Aggregators across all fields rising in the past decade. Is it possible that crypto companies will turn a blind eye towards this tech, Noooo. Today, I am here with an article on a chain-agnostic DeFi Aggregator called Frontier.
Why use Frontier, I am satisfied with the DeFi options I have?
This is the question many must be having right now, let me tell you the existing problems in this space and how Frontier is solving all of these issues. I bet many of you can relate with these problems.
Problem number 1: Fragmentation.
Currently there isn’t a product which allows a user to track all of his Lending, borrowing, staking, asset swapping, and liquidity providing at one place. It’s all scattered or fragmented across various platforms.
Frontier solves this big problem by aggregating all these DeFi Platforms. Now, we can monitor and manage our DeFi portfolio from one just application and Frontier would never ask us for our private keys.
Problem number 2: Dependency & Isolation
Non- custodial wallets are great for holding Crypto assets but as of now, we’re not able to use the complete DeFi ecosystem from just one wallet and we need to manage more than one wallet, which can be a real pain in the ass.
Frontier has already integrated Trust Wallet, Coinbase Wallet, MetaMask, imToken, and Fortmatic. More will come.
Problem number 3: Complex Design
Providing collateral for loans, staking, giving liquidity to pools, and token swaps are stressful experiences, not because they are difficult concepts but because they are overly complicated. Friction exists in DeFi right now, and beginners find themselves at odds with DeFiʼs current UX practices.
Frontier application is much simpler to use and understand. It’s very well crafted to give users great interaction experience with DeFi protocols and more precise in-app communication about the benefits and risks of products.
Source: frontier wallet
FRONT is Frontier’s native-chain token that is designed to incentivize entry in DeFi, especially for smaller purse players who are unable to participate due to prohibitive costs.
FRONT is used within the ecosystem for following uses:
- Staking on Frontier Chain
- Gasless transactions in Application Suite ( iOS and Android )
- Liquidity Provisions (DEXs and AMMs)
- Incentive protocol (Incentivizing using of DeFi via Frontier)
- NFT Acquisition
You must be asking what is Frontier ecosystem, it includes the following:
Frontier DeFi Application – DeFi Aggregator on Mobile Frontier Chain – A Cosmos Based Decentralized Key Management Blockchain UniFront – Unified API for all DeFi Protocols and Services.
Exchanges Supporting FRONT:
FRONT token is supported by all the big crypto exchanges, which shows the confidence they have in this project. Let me list the best 5 for you:
- Uniswap (V2)
Hope you liked this article about Frontier, If you have any suggestions or anything you wanna say about this, please let me know in the comments.
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