Blockchain Ecosystem Development and Improvement by PixelPlex

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Rio DeFi

Blockchain ecosystem for DeFi applications

Blockchain Web Mobile DApps DeFi Web3 Smart contracts Blockchain Web Mobile DApps DeFi Web3 Smart contracts Home Success stories

About the client

Rio DeFi is a blockchain development company whose mission is to bridge the gap between conventional and decentralized finance and enable digital assets to go mainstream. The company works on various DeFi, NFT, and GameFi applications created on top of their own blockchain protocol.

Details

Website: https://riochain.io/ Location: Hong Kong Date: 2020-2021

PixelPlex helped the client develop a Polkadot-powered protocol and built a customized blockchain ecosystem around it. We also created and improved new solutions that have become an integral part of the Rio DeFi platform.

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Team

Blockchain developers 6 Team Lead R&D engineer 2 Solidity developer 2 Full-stack developer 4 DevOps Business analyst 2 Delivery manager UX/UI designer 2 QA engineer 3

Rio DeFi’s global goals

Our client shared the main goals of their project and we identified four directions to our work accordingly:

1

DeFi

Empower financial institutions to leverage digital assets and alternative currencies and help their clients manage their funds effectively through easy-to-use solutions.

2

Web3

Provide businesses with the tools to successfully transition into a new technological era where decentralization, blockchain, and tokens will be the new normal.

3

Globalization

Simplify the use of financial services through apps that will reduce the number of intermediaries and make payments much faster and more conveniently.

4

Scalability

Ensure that the developed DeFi solutions are scalable and suitable for mass adoption.

Work done

Substrate-based fork for Rio Chain

EVM improvement, adaptation, and integration

Uniswap-like DEX

Blockchain explorer

Web3 browser extension

Cross-chain token bridge

OAuth keyless system

RNG system

Audit trail system

Web and mobile crypto wallet

Solution

PixelPlex helped Rio DeFi create and modify the ecosystem infrastructure using the Substrate framework as well as develop new components such as a blockchain explorer, audit trail and RNG systems, a web and mobile wallet, and a Web3 browser extension. Overall, our team deployed 13 smart contracts. These improvements have made the system much more flexible and scalable.

Rio DeFi ecosystem in focus

Rio Chain infrastructure

Rio DeFi’s core technology is Rio Chain — a blockchain protocol initially created by the company. The Polkadot development team modified the protocol by developing a separate fork based on the Substrate technology that Polkadot is powered by, and customized the solution according to our client’s requirements.

Why Polkadot?

Allows for cross-chain compatibility

Shows great network scalability thanks to its parachain technology

Provides a high transaction speed, up to 3,000 tps

EVM customization and integration

Right after the creation of the Substrate fork, we started adapting the Ethereum Virtual Machine (EVM) to integrate it with Rio DeFi.

When we were working on the project, there was no plugin that would easily integrate with our type of protocol, so we made an effort to ensure that the EVM was configured and built in properly.

We did the following:

Took the EVM pallet as a basis, created a fork, changed its logic, and reconfigured it to be suitable for the Rio Chain protocol.

Integrated the EVM with our blockchain and thus made it possible to execute smart contracts on the Polkadot side.

Created a Web3 browser extension to provide an experience similar to Ethereum by signing transactions through a Metamask-like plugin.

Web wallet with staking support

The creation of Rio Wallet was one of the biggest and most important parts of our work, as it is the primary way users interact with the ecosystem and its applications.

The existing wallet from the client had only the basic functionality of an ecosystem wallet and experienced several major issues:

It did not meet business requirements and had poor UX/UI design

It wasn’t secure enough

Most of its features didn’t function properly

Consequently, our team needed to redesign the wallet. We changed its logic, created a design from the ground up, added brand new features, and expanded the wallet’s functionality:

Enabled funds transfer, receipt, and withdrawal

We placed the transaction information and the window for transferring and withdrawing funds on the same screen so that the user could track data and use the transfer/receive functions with just a few clicks.

Introduced the staking functionality

We wrote smart contracts and created a staking pool in the wallet. Users can lock their tokens for a preferred amount of time and earn daily rewards.

Implemented multi-chain support

Our developers provided support for three chains: Rio Chain, OKEX Chain, and BSC Chain. Users can choose which wallet and chain they want to use when entering the Rio DeFi ecosystem and accessing its applications.

Integrated HexTrust

Our team introduced this digital asset custodian to provide secure distributed storage of private keys.

Added market data

We integrated the wallet with CoinGecko so that users could conveniently view and track market information such as exchange rates, and as a result make more informed investment decisions.

Enabled dApps support

We added a blockchain-section for dApps where users can check applications based on Rio Chain, OKEX Chain, and BSC Chain and connect to them through the Rio wallet.

Added transaction history

We configured the design so that users could simultaneously view their total balance, locked balance and transaction history. All the necessary information is always at hand.

Made it possible to check balance and currency rates in fiat

Our team added support for three fiat currencies: USD, EUR, and CNY. Users can choose in which currency they want to see the equivalent of their balance and currency exchange rates.

Made the onboarding process easier

We implemented a blockchain-section with explanatory videos and onboarding screens to make it easier and faster for users to learn the platform and start using it.

Blockchain explorer

We forked the existing Substrate Explorer, customized it and added support for an audit trail, a Hybrid Database system, and multi-chains. Now, users can conveniently monitor the Rio network and view important transaction details such as:

Latest blocks

Latest transactions

Status of the transactions

Fees paid per transaction

Smart-contract code execution results

Staking details

Audit trail statistics

On-chain statistics

OAuth keyless system

To simplify the sign-in process, we implemented an OAuth keyless system. This allows platform users to create an account and access assets only using their email or social media instead of having to make up and remember passwords.

Uniswap fork for crypto exchange

Our team did research and development for a working prototype of the Uniswap-based cryptocurrency exchange that allows for decentralized token swaps.
Thanks to our successful EVM integration and the addition of Web3 support via the browser extension, Uniswap forking did not take much time or require serious code changes. Developers can now seamlessly migrate their dApps to Rio DeFi, while benefiting from a significantly faster protocol.
During this cryptocurrency exchange development process, we implemented the following functions and features:

Liquidity pool

Polkadot support

Web3 support

The ability to connect to a wallet before swapping currencies

Support for working with assets through precompiles

Implementation of wrapper contracts for external tokens

The ability to set transaction deadline to avoid long waiting times

Audit trail system

Since the Rio DeFi ecosystem includes many projects and applications that aim to be fair and transparent, it needed its own audit trail system. To make this possible, we developed an audit trail system from scratch.

The system allows any user to check the sequence of transactions and send a request and verify that the Rio DeFi-based gaming app generates a truly random number.

RNG system

Since the Rio DeFi ecosystem includes many projects and applications that aim to be fair and transparent, it needed its own audit trail system. To make this possible, we developed an audit trail system from scratch.

The system allows any user to check the sequence of transactions and send a request and verify that the Rio DeFi-based gaming app generates a truly random number.

Fair

Verifiable using cryptographic proofs

100% random based on unique entropy

The components developed by our team for the Rio DeFi ecosystem are vital for both users and dApp developers. Now users can enjoy reliable and fast transactions and are able to check how fair an operation was. Meanwhile, developers can create their own dApps without having to completely rewrite the code or build solutions from scratch.

Tech stack

Project features

High scalability achieved through Polkadot’s parachains

High transaction speed

EVM compatibility

Web3 support

Fair, transparent, and verifiable transactions

Enhanced blockchain platform statistics

Easy wallet authentication

New York

520 West 28th St. Suite 31 New York, NY 10001 +1 646 490 0772

London

Kemp House, 152 - 160 City Road London EC1V 2NX, UK +44 20 4538 8887

Pfäffikon

Zentrum zum Staldenbach 11 8808 Pfäffikon SZ Switzerland +41 79 731-03-14

Warsaw

Equator II Aleje Jerozolimskie 96 Warsaw 00-807, Poland

Dubai

Business Bay Crystal Tower, Office M08-46 Dubai, United Arab Emirates +971 58 5788150

Tokyo

3-1-30 Avex Building 2F avex EYE Minami-Aoyama, Minato-ku Tokyo 107-8577, Japan +81 90 7540-7726 Privacy Policy Sitemap ©   2024   PixelPlex. All Rights Reserved. 

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Know Your Transaction DocFlow OTC Desk Arbitrage Bot CryptoAPI

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Hit us with IoT consulting, app development, back-end engineering, or existing infrastructure revamping – we’ll nail it down. Industries FinTech & Banking FINTECH & BANKING As traditional finance goes digital, we are committed to building efficient ecosystems and better engagement Think of customized FinTech solutions with tamper-proof transactions and storage, progress transparency and automation — and we’ll make them see the light of day. Retail & eCommerce RETAIL & ECOMMERCE Whether you market B2B or B2C, commerce tech trends are all about value-driven purposes, global sustainability, hybrid shopping journeys, and extra-resiliency. Let your clients know that there’s more to your brand than meets the eye by creating unique customer experiences in all your stores. Supply Chain & Logistics SUPPLY CHAIN & LOGISTICS To make things easier for all vendors, we deliver apps for route and cost optimization, vehicle operational support, and better dispatch time efficiency. 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Posted by Jack Read more Comments (15) 2024.10.21 16:13