Decentralized finance, known as DeFi, is a shift from a traditional, centralized financial system to peer-to-peer finance run by the Ethereum blockchain. From stablecoins to lending and borrowing to prediction markets, margin trading, payments, insurance, gaming, and NFT marketplaces, the DeFi ecosystem now showcases an expansive network of integrated protocols and financial instruments worth more than USD 53 billion.

This only means that DeFi is changing the business model. One of the platforms seeing more potential in this industry is the Cross-Chain Derivatives Exchange or CDzExchange team.

From 2016 to 2017, the CDzexchange team has taken part in the encryption industry and has experienced the unpredictability of the cryptocurrency industry. As a result, the CDz team saw that the industry needs more solutions for encrypted transactions. So the primary goal of CDz is to find answers to the problems in the cross-chain industry.

Problems in DeFi

Since the birth of DeFi, more users have found the benefits of a decentralized financial system. But DeFi comes with several problems as well. One of which is that users cannot fully participate in derivative product transactions. It is also difficult to transfer funds between different chains. CDz aims to offer seamless and more efficient experience connection to users and support the DeFi cross-chain function to make transactions, such as transferring of funds to another chain, easier.

Another problem that CDz plans to work out is the high gas fees. The gas fee for each Ethereum transaction or transfer ranges from 10 to 100 US dollars. The slow movement of chain transactions is another challenge to the development of DEX and decentralized derivatives exchanges.

CDz believes that it is crucial to have a simple, intuitive, and powerful trading experience to make decentralized derivatives trading become mainstream. Therefore, they plan to put protocols, cryptocurrency derivatives, and token transactions into one basket without compromising security costs instead of relying on DEX alone.

Develop new standards for cross-chain DEX

CDZExchange is built on the Binance Smart Chain. It is cost-efficient, faster, and is used for a unified trading experience.  CDz has several differentiated competitive advantages. A lot of people cannot use Defi. In some other projects, even CEX is trying to resolve this matter and create a protocol that everyone can access. CDz improves the trading experience of cryptocurrency derivatives by balancing fees, user functions, and performance. Combined with cross-chain integration and lower transaction costs on the chain, CDz strong public blockchain security as a shield will not compromise in terms of high performance.

When it comes to cross-chain derivatives on the Binance Smart Chain, CDz is the premier trading platform, and it plans to allow users to use DeFi, understand users, and work to solve existing problems.

CDz is creating a step-by-step following the original plan, such as cross-chain swaps. In the future, CDz will not only provide swap transactions but also provide functions such as liquidity mining. In addition, CDz will also offer opportunities to traders to take advantage of the future movements of cryptocurrency assets to gain more profits.

CDz also plans to establish a strategic partnership with Parsiq and is expected to complete the product development plan with Parsiq in June.