Cointime

Download App
iOS & Android

Is All-in-1 API Deployment for DeFi Protocol Starting A New Bull Market Narrative for The Next Cycle?

Validated Individual Expert

The creation of new wealth and markets via DeFi and NFT was the starting point and catalyst for the 2020 bull market cycle. For a long time, the majority of people skilled in using wallets and various on-chain products have been experienced blockchain users, and the enduring intrinsic power they bring has been an important source of overall market growth. When the DeFi bull market returns in the next cycle, the essentially simple on-chain deployment will embrace a new narrative. If we can provide developers with more concise and convenient DeFi deployment in the decentralized field, just as the Android system changed the mobile Internet pattern in the past. It can be predicted that this move will greatly reduce the threshold of Web3, eliminate the barriers between various ecosystems, and create prerequisites for the wider spread of DeFi and the next outbreak, for which Securo is born.

How to satisfy various DeFi practitioners?

There aren't enough complete solutions to help DeFi users complete interactions more efficiently.

For the DeFi technical team, the goal of Securo is to address the high cost of hiring, training, and managing the DeFi technical team, the headache of integrating different smart contracts, and the high expense of keeping customer money and wallets.

For DeFi traders, Securo needs to continuously integrate various trading strategies. There are no advanced tools in this area at the moment, and it is often unprofitable if the market is crowded and leads to intense competition.

Securo needs to quickly find the latest investment hot spots, quickly use DeFi programming and development, and build custom scripts to manage investment and pay attention to risk assessment and fund protection. The requirements for developers are to complete the steep learning curve of advanced Web3 and manage the different L1/L2 blockchains.

What is Securo?

During the previous bull market, the blockchain industry reached $2 trillion due to new money, new users, and new technology, as well as providing key channels to connect to these increments. Securo is essentially a handy SDK for DeFi to create an All-in-One API. Securo is simply "Stripe for DeFi" because Web2-Web3 developers only need to use the REST API to build, invest, and manage their DeFi projects.

Securo is the infrastructure that allows DeFi to be built and developed. By enabling developers, fintech companies, traders, and investors to use Securo via an API, more people will be able to participate in DeFi product agreements that do not have to be built from the ground up. Securo is geared towards cryptocurrency emerging banks and fintech, liquidity providers, DeFi traders, and crypto startups looking to incorporate DeFi into their products. Based on the DeFi protocol and the difficulty of product development, the most notable feature of these target audiences is that they are the most involved in the Crypto field and want to enter the industry as soon as possible, so they lack the time and resources to build the DeFi protocol from scratch. SecuroAPI enables them to implement multiple L1/L2 blockchain networks, large TVL DeFi projects, third-party Dapps, Web3 wallets, and other payment services using only REST apis, reducing the time and cost of adding DeFi to their existing products and frameworks.

The DeFi industry as a whole is being restructured

Web2 developers are actively migrating to Web3.

According to numerous market studies, an increasing number of Web2 developers are proactively migrating to the Web3 world, and the DeFi market is expected to grow at a 40% annual rate over the next five years. DeFi's TVL is $50 billion as of January 2023. The global blockchain fintech market is only worth about $200 million in 2021, but it is expected to grow to $183 billion by 2029. Even from the perspective of crypto developers, there will be 23,000 active developers per month in 2023. As the market cycle returns, the decentralised sector is expected to grow in size.

DeFi's growth, which is based on distributed ledger technology, will also contribute to the overall growth of the cryptocurrency market. In a cycle, the pursuit of market popularity and attention will be especially important as the current automated market maker mechanism is refined.

At this point, the advantages of the Securo API are as follows:

1. Lower cost and development risk;

2. Securo does not hold user funds (unlike FTX);

3. (Supported by testnet and Sandbox) available on Ethereum, Polygon, Avalanche, BNB Chain, Arbitrum, and Optimism.

Securo's MVP currently offers an API solution that supports on-chain smart contracts and has been validated by multiple partners and an initial 1000+ users. In 2023, the company will continue to broaden its target audience and collaborate with the developer community to identify and optimize more advanced product requirements based on user feedback.

The democratization of the financial world improves the world.

Victor, Securo's founder, is also a successful serial tech entrepreneur. He began his career in finance and technology after graduating from City University London with a degree in Information and Computing Systems. He launched DAOventures in 2019 with market Sentiment Analysis and assisted DaoVentures in raising a 20x oversubscription, raising more than $1.4 million and going on public sale in February 2021, selling out in minutes.

Securo is more focused on data acquisition than some of its SaaS startups, which offer API solutions for cryptocurrencies. Securo intends to keep its team small until the initial phase of product development and the launch of its flagship product is completed. The current team consists of four core product engineers and designers, one growth manager, and one administration and investment relations manager. As a SaaS startup, Securo's initial focus is on product and market fit, so in addition to competitive analysis, Securo is working on flagship product launches and initial test customer acquisition.

The Securo Profit Model and Business Model.

Unlike traditional DeFi protocols, Securo's primary revenue model stems from its simpler setup solution, and its revenue is divided into three tiers: freemium packages for individual developers, registration plus API monthly fees for premium API packages, and subscription fees for premium API packages. Finally, the enterprise package is tailored to the private cloud (white label).

Securo is currently raising seed funding with a post-funding valuation of $10 million. The goal of this seed funding round is to fund the project's initial launch as well as developers in order to cultivate the first loyal user base.

All-in-1 API Deployment for DeFi Protocol, how does Securo make it?

Communities as Seed Users & Optimizing Products.

The current process of building on DeFi is directly related to a negative user experience, not to mention high development costs, with at least 8 steps required in DeFi development to get the project started. If the user uses the Securo API, only four steps are required. The Securo API makes it easier and cheaper to connect DeFi to existing products by providing a simple REST API to directly link various blockchain networks, DeFi protocols, and test-enabled faucet and sandbox environments, all of which are currently embodied in Securo's developer portal.

Securo's basic strategy for achieving this capability is to interact with individual developers who are using both Web2 and Web3 and help them build DeFi products or features on Web3 that meet their requirements.

At this stage, there are two core elements:

one is to build a loyal community of free users, and the other is to minimize the time and cost of building on DeFi during the initial product validation phase.

Continuous feedback and continuous iteration.

As the product continues to mature, Securo will expand the product line and provide SDKS and more comprehensive development tools for the current MVP API solution to simplify the product development process for users and provide more comprehensive features, such as adding more investment strategies, integrating more DEX, and providing users with a variety of payment solutions. Optimizing product costs and developing MPC wallet solutions are some of our technical solutions this year. There is hope in the future that Securo will offer a more comprehensive infrastructure level API solution, not just access to on-chain data, but also direct access to a variety of advanced DeFi investment tools.

Related Links:

Securo Twitter:https://twitter.com/securo_dev

Securo API: https://app.securo.dev/register

Securo Website:https://app.securo.dev/register

Securo Doc: https://securo.readme.io/reference/introduction

# DeFi # TradeFi # SDK

Comments

All Comments

Recommended for you

  • BTC breaks through $69,000

     the market shows BTC breaking through $69,000, currently at $69,021.49, with a 24-hour increase of 1.15%. The market is highly volatile, please manage your risk accordingly.

  • Spanish Foreign Minister: Not worried about any consequences of refusing US access to military bases

     on March 3 local time, Spanish Foreign Minister Alvarez defended the Spanish government's refusal to provide the Rota and Moron military bases to the United States for participation in attacks on Iran. Alvarez stated that the operation initiated by the United States and Israel is not supported by the United Nations and is not part of the bilateral agreements allowing the use of the aforementioned Spanish sovereign military bases. Alvarez also said that the Spanish government is not concerned that this stance will have any consequences. Alvarez stated: "The position of the Spanish government represents the will of the vast majority of the Spanish people as well as the vast majority of people worldwide, which is to defend the UN Charter, respect international law, and believe that cooperation is always more powerful than confrontation."

  • Spot gold plunges nearly $100 in the short term.

     spot gold plunged nearly 100 dollars in a short time, spot gold fell below 5170 dollars/ounce, with a daily decline of 2.94%. 

  • BTC falls below $67,000

    the market shows BTC fell below $67,000, currently at $66,996.93, with a 24-hour increase of 1.18%. The market is highly volatile, please manage your risk accordingly.

  • ETH breaks $2,000

    the market shows ETH breaking through $2000, currently at $2001.64, with a 24-hour increase of 2.89%. The market is highly volatile, please manage your risks accordingly.

  • The US spot Bitcoin ETF saw a net inflow of $962.48 million yesterday.

    according to Trader T's monitoring, the US spot Bitcoin ETF had a net inflow of 962.48 million USD yesterday.

  • BTC falls below $66,000

     the market shows BTC fell below 66,000 USD, currently at 65,986.66 USD, with a 24-hour decline of 1.31%. The market is highly volatile, please manage your risks accordingly.

  • BTC falls below $66,000

     the market shows BTC fell below $66,000, currently at $65,973.16, a 24-hour drop of 2.66%. The market is highly volatile, please manage your risks accordingly.

  • ETH breaks $2,000

    market shows ETH breaking through $2000, currently at $2000.29, with a 24-hour increase of 3.73%. The market is volatile, please manage your risk accordingly.

  • The United States uses Anthropic's artificial intelligence technology in its airstrikes in the Middle East.

     United States used Anthropic's artificial intelligence technology in airstrikes in the Middle East, and just hours before the attack, Trump had just issued a ban against Anthropic.