Background

Demodyfi

The protocol utilizes Moonbeam’s parachain smart contract interoperability while the Substrate framework serves as a fundamental layer. Combining this makes it potential to build on Polkadot, furthermore make it compatible with the EVM, and to deploy EVM-based bytecode compiled from Solidity using tools available from the Ethereum stack. So, Demodyfi is able to build a next-generation DEX that extends its DeFi product line into a single-source, cross-chain market. The ability to do both pools and cross-chain swaps, powered by the Polkadot ecosystem, which can provide higher throughput for faster and cheaper transactions while remaining connected to the Ethereum Network and other blockchains for liquidity.

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