The solution aims to address the complexity challenges prevalent in the current decentralized finance (DeFi) field, enabling users to trade and manage on-chain assets more conveniently and securely through the JuCoin platform.
Technical Barriers Facing DeFi Popularization
The cryptocurrency industry has made significant technological advances, but user adoption still faces challenges. Data shows that up to 65% of users choose to abandon decentralized applications after their first encounter. This reflects the high learning curve in DeFi, including wallet management, private key security, multi-network switching, gas fee calculation, and transaction troubleshooting. Currently, there is an operational difference between the convenience of centralized exchanges (CEX) and the openness of decentralized applications (DApps), requiring users to weigh usability and functionality.
Since its establishment in 2013, JuCoin has developed into a digital asset trading platform serving over 30 countries with more than 12 million users. JuCoin states that its accumulated industry experience has prompted it to focus on and address the practical operational difficulties users face when participating in DeFi.
JuCoin CeDeFi Solution: Integration and Optimization
JuCoin's CeDeFi solution aims to integrate the advantages of centralized services with the characteristics of decentralized finance, providing the following features:
- On-chain Asset Trading: Users can trade various tokens on public blockchains without leaving the JuCoin platform, including assets not directly listed on the platform.
- Unified Asset Management: On-chain assets can be centrally managed within the JuCoin interface, simplifying the complexity of managing multiple wallets or platforms.
- Simplified Operations: Complex blockchain operations (such as cross-chain transactions) are transformed into one-click executions within the platform to lower user entry barriers.
- Security Assurance: JuCoin claims its security infrastructure will protect decentralized interactions and collaborate with third-party custody services like Ceffu to provide asset custody support.
Technical Implementation and User Value
JuCoin CeDeFi handles blockchain complex operations in the backend. When users initiate on-chain token transactions through the platform, the system automatically manages network connections, transaction parameter settings, and execution processes. This design aims to emulate the convenience of modern payment applications, allowing users to complete operations without understanding underlying technical details.
This integration aims to bring value to users of different experience levels:
- For New Cryptocurrency Users: Provide a pathway to explore the blockchain ecosystem in a familiar, secure environment.
- For Experienced Users: Manage assets and operation processes through a unified platform, avoiding the complexity of multiple wallet and interface switching.
- For All Users: Expand the range of tokens and protocols beyond traditional exchanges while relying on JuCoin's security framework and customer support.
For Institutions: MirrorRSV Solution
The JuCoin CeDeFi solution includes the MirrorRSV feature designed specifically for institutional users. This feature aims to allow institutions to directly use assets like Bitcoin from their custody accounts to participate in decentralized lending and liquidity pool protocols without directly managing private wallets.
- Technical Composition: The solution involves a proxy verification system (patent pending), smart contract wrappers, real-time risk management oracles, and a cross-chain settlement layer supporting Bitcoin, Ethereum, and Solana.
- Test Data: Preliminary test results show that institutional Bitcoin allocation to yield products grew 300% higher than traditional staking options.
- Compliance: The product aims to support institutional users in meeting regulatory requirements when participating in the DeFi market through auditable transaction records.
Future Outlook
The JuCoin CeDeFi feature is now open to all JuCoin users, with new users able to register following platform guidelines. The initial phase supports Solana ecosystem tokens, with plans to expand to more blockchain networks. The platform states it will provide user guides and tutorials to assist users in using the new feature.
JuCoin's ecosystem includes JuChain (an independent public blockchain), JuOne (mobile application), JuChat (Web3 community social application), and JuCoin Labs (blockchain innovation R&D department), integrated through the JU token. JuCoin states it will continue to expand features and coverage to enhance blockchain technology's accessibility to the general public.
About JuCoin
JuCoin was established in 2013 and is one of the largest digital asset exchanges in East Asia, dedicated to providing global users with secure and convenient cryptocurrency trading and asset management services. JuCoin adheres to an innovative concept, continuously exploring frontier blockchain technology applications, aiming to build an open and inclusive digital financial ecosystem.
