Annex – Decentralized
Multi-Financial Protocol

Annex finance is a fork of compound finance with additional DEX features to make money.

Industry

Decentralized Finance

Services

Conceptualization, Design, Development, Testing, Deployment

Blockchain

Binance Smart Chain
Annex

Overview

Annex Finance provides its users an earning platform for lending, borrowing, farming, and swapping in DeFi space. There is a need to connect the wallet to start trading on Annex. It is the best platform to earn interest through different methods and has its own token named ANN Token. It is a mixture of Compound Finance, Pancakeswap, and Farming to provide its users multiple opportunities of earning money via only one platform. Let’s take an overview of all its financial protocols:
Lending:
  • For lending, the investor will connect the wallet, and unlock the desired asset that he/she wants to add to a pool by clicking on it.
  • Sign a transaction with the wallet.
  • Assets are added into the Annex pool and the investor is rewarded with aTokens, Annual Percentage Yield (APY), and the ANN tokens. For example, when an investor added 10 Ethereum tokens in the pool then he/she received the aEthereum tokens in his/her wallet as the evidence of the deposited asset. The investor can also keep track of the APY and ANN tokens on the platform.
  • Every asset has a unique Annual Percentage Rate (APR) that depends upon supply and demand. Every investor can check the APY that he/she will get after a certain amount of period.
  • ANN tokens will give the governance rights to their token holders for changes in protocol.
Borrowing:
  • Sometimes, the user has to add more value than they wish to borrow called over-collateralization to avoid liquidation.
  • Borrowing power depends upon the deposited collateral.
  • For borrowing funds on the platform, there is a need to deposit collateral. Borrowing cryptocurrencies requires you to pay some fees.
  • You can borrow up to 50-75% of the value of your aTokens.
  • Borrowers have to pay interest to get their collateral back.
Farming:
  • To start farming, there is a need to add liquidity and you will get the Annual Percentage Yield (APY) based on your locked asset. If you want to stake your asset too on the lending/borrowing pool then you can approve the stake function from the platform.
  • After approving the stake, these assets are available for other users to borrow.
  • This platform also allows adding liquidity in multiple stablecoins like USDT, USDC, DAI, etc.
  • The rewards of staked stablecoins are claimable on Day 31. So, you will earn the passive.
Lending:
  • The users can swap the tokens on the platform.
  • ANN Bridge feature allows the swapping of tokens that are on different blockchain networks.
  • There is also an integration of PancakeSwap DEX to swap tokens in a decentralized way.

Annex is the best platform for earning and lending in the DeFi space

Talk to Our Experts

Problems and Solutions

Traditional Market Maker:

In traditional market makers, there is a need to rely on third-party that charge a high fee. Submitting the funds to a centralized exchange also causes a fear of losing funds.
Solution:
Annex Finance provides its solution by providing the smart contract-based decentralized automated market maker platform.

High Transaction Fee:

The main issue on other DEX platforms is the high transaction fee that users have to pay for transactions.
Solution:
Annex Finance uses the Binance smart chain as its underlying blockchain that offers its users the ability to perform a speedy transaction with a very low amount of gas fees.

Counterparty Risk No Economic Freedom:

Many DeFi platforms require KYC verification. This KYC verification causes a lack of economic freedom for those users who don’t want to expose their identities.
Solution:
Annex Finance provides its users the benefits of economic freedom with higher transparency. So, the user directly trades on this platform without using KYC.

Features

Easy Trading for Investors

The platform allows multiple trading features by providing swapping, sending, receiving, farming, and borrowing the assets on one platform. It is also easy for the investors to manage their profit, loss, interests, APR, etc. on a single decentralized platform.

Slippage Tolerance

There is a slippage tolerance feature while swapping to increase the transaction speed. If the Slippage value increases then the gas fee also increases. So, this feature allows users to increase the slippage tolerance when performing a trade with a large investment.

Multiple Tokens Trading

Annex offers bridges to their users where the investors can swap multiple tokens of different blockchains and charges little gas fees from the native blockchain of that token. It also allows the swapping and farming of stable coins to earn APY.

Multiple Wallet Integration

Investors can connect multiple types of wallets on the platform i.e., software wallets such as Metamask, Crypto.com DeFi Wallet, Wallet Connect, and Coinbase Wallet, and hardware wallets such as Ledger.

Multiple Earning Opportunities

Investors can earn through multiple ways on the platform even during the period of having an ANN token in the wallet, the investors can earn 0.2% APR and can withdraw that amount after 30 days. Moreover, by giving collateral, you can borrow funds and use those funds to buy more assets and if the price goes up then you can earn more profit than the interest paid for borrowing. Other than this, investors can also deposit the tokens on the platform to earn the interest, ANN token, aTokens, and the APY.

Voting power

If the investors have a specific number of ANN tokens in their wallets, then they can take advantage of the governance feature of the platform. In this phase, the investor can create a proposal or give a vote to any other proposal and keep track of all the proposals by checking their status (active, passed, and failed). The voting can be carried out on the interest rate, the required collateralization for each asset, etc.

Technology Stack

We offer the best tool and technology stack according to the use case of the project. For Annex Finance, the following technology is put into use:
Binance
Binance Smart Chain

BEP-20 standard of Binance smart chain is used for smart contract development.

React Native
React JS

For front-end development.

Node Js
Node JS

For backend development.

Express js
Express JS

Framework of Node JS.

Bitbucket
Bitbucket

To maintain or manage the code in the repository.

Jira
Jira

For task management between the team.

Visual Studio
Visual Studio Code

IDE for frontend and backend development.

AWS
AWS

For deployment.

Remix
Remix

IDE for Smart Contract development.

ANNEX FINANCE VISUAL REPRESENTATION

Annex-infographic
Annex-infographic-mobile

     

     

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