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How can Pirimid help?

Build seamless Web3 applications with our expertise in decentralized computing. Our team excels in utilizing diverse data models, languages, and frameworks to ensure your application runs seamlessly on the decentralized web. Unlock the full potential of Web3 with our tailored development solutions.

We have in house experts who understand this in detail, and hence can advice you the best on the way forward.

What is

The Web3.0?

Web 3.0 envisions a decentralized system with powerful computation resources and artificial intelligence functionality, where data generators are not reliant on a central entity to function.

What is

DAO?

A decentralized autonomous organization (DAO) is a blockchain-based entity governed by a native crypto token. Anyone who purchases and holds these tokens gains the ability to vote on important DAO-related issues. This indicates that they are not under the control of a single institution.

What is

A Smart Contract?

Smart contracts are blockchain-based programs that execute when certain conditions are met. They are used to automate the execution of an agreement without the involvement of a third party or the loss of time.

Use Cases

Collateralized Loans

  • Unlock the power of decentralized finance (DeFi) on the Web3.0 platform with collateralized loans.
  • As an owner of crypto coins/tokens, become a lender by depositing assets into a secure smart contract built on the blockchain.
  • To reduce the risk of defaulting the loans, borrowers must over collateralize the loan (depositing more than the borrowed amount)
  • Collateral and borrowings can be done using different crypto currencies (including stable coins) within the decentralized finance ecosystem.
  • With Web 3.0 technologies, collateralized loans can be expanded beyond a single blockchain network.
  • Smart contracts on Web 3.0 platforms can automate the collateral liquidation process in the event of loan default or margin calls.
  • Web 3.0 technologies provide global access to collateralized loans, allowing borrowers and lenders from different regions to participate in lending markets.

Non-Collateralized Loans (Flash Loans)

  • Experience the cutting-edge potential of non-collateralized loans (Flash Loans) within the Web3.0 ecosystem.
  • Access to unlimited loan amounts without the need for collateral
  • Short loan payback period (less than a minute)
  • Powered by smart contracts to ensure loan repayent, providing a secure lending solution.
  • Flash Loans can be used by borrowers for profit booking via trading (ex: price differences in crypto exchanges)
  • Embrace the transformative power of blockchain, crypto, and decentralized finance (DeFi) technologies through our innovative development solutions.

Insurance

  • Enter the realm of decentralized insurance on the Web3.0 platform, powered by blockchain, crypto, and decentralized finance (DeFi) technologies.
  • Smart contract has all the details regarding the terms and conditions, insured amount & account; which helps in complete automation and speeding up of process.
  • Oracles which are trust sources from community to gather real world inputs for smart contract, thus eliminating ambiguity and frauds
  • Experience secure and transparent insurance solutions through our innovative development, leveraging the potential of web3.0, blockchain, and decentralized finance technologies.

Payment Gateway

  • Embrace the future of payment gateways with our web3.0-powered blockchain solutions.
  • Experience secure and seamless payment solutions through our innovative development, harnessing the potential of web3.0, blockchain, and decentralized finance (DeFi) technologies.

Yield Farming

  • Yield farming, is a way to generate rewards with cryptocurrency holdings
  • Liquidity providers deposit funds into a liquidity pool (set of cryptocurrencies locked into a smart contract). This pool powers a marketplace where users can lend, borrow, or exchange tokens. The usage of these platforms incurs fees, which are then paid out to liquidity providers according to their share of the liquidity pool.

Synthetic Asset Insurance (Used by Mirror Protocol)

  • Process of creating a digital asset token that mimics the properties of something else, like precious metals, currencies, derivatives etc.
  • These synthetics can generally be bought, traded, and sold, allowing holders to gain exposure to previously illiquid or difficult to obtain assets
  • Synthetic assets can be quickly traded for other synthetic assets

Have a use case not listed above? Use our expertise to build your

Custom Web3 application?

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