💡Solution

We at POODL Exchange aim to build a new infrastructure, what we like to call a semi-DeFi solution, to overcome the problems related to DeFi exchanges. POODL Exchange will be active on MATIC on POLYGON Chain at the start since it is the most suitable blockchain for trading; however, we will support Fantom, BSC and Polygon on launch and are continuing to building a multi-chain infrastructure with the goal being to add every popular chain as we progress. Projects willing to be listed on our exchange will have to go through a selection procedure that filters for the projects that meet our criteria. The selection procedure itself will be focused on two key aspects:

  • Safety: New projects will need to pass a safety check. Developers will also be vetted and are required to be either

    doxxed or to complete a private KYC identification. Contracts need to be audited by a reliable third party.

  • Innovation: To be listed on our exchange, projects will need to bring innovation. Projects merely copied from existing ones will be rejected immediately. Projects will be required to provide their own whitepaper that explains the innovation

    and particulars of their project.

In addition to the above requirements, new projects will also need to ensure that they have a secure website live before their launch and have a tax protocol of no more than 10% if they use one. It has been clearly demonstrated by existing projects that employing an exceptionally high tax protocol deters trading volume as holders seek to minimize their costs by reducing their overall number of transactions executed.

This ecosystem will bring benefits to both holders and developers. Holders will find a safe place, knowing that projects listed on POODL Exchange undergo a rigorous selection procedure. For developers, being listed on the exchange will give the project more credibility and will help the project to differentiate itself from the critical mass of low quality projects that exist. Developers will also benefit from getting their token in front of the growing POODL ecosystem, and receive additional benefits that are not available on self-service exchanges.

Additionally, we have an exchange aggregator easily accessible, thereby bringing the DeFi space out from its current niche status. This will eventually and indirectly benefit the projects listed on our platform even more.

FIAT-to-crypto and crypto-to-FIAT conversion.

Combining these areas together will create an all-in-one exchange that will remove the multi-step procedure that is currently necessary to access the market. We also will reduce the attack vectors for security threats to wallets and make the overall process much simpler for the holder. All of this taken together can help DeFi to reach mass adoption.