AccelOne’s Solution for a DeFi FinTech Company

Innovating Digital Assets Lending: AccelOne developed a scalable, secure, and flexible solution for a FinTech company revolutionizing decentralized finance (DeFi).

Luis Paradela • September 10, 2024 • Software development

defi_tech_case_study

Business requirement

The client sought to innovate the digital lending market by offering a decentralized finance platform that provides an alternative to traditional financial systems, focusing on high-profile transactions and preparing to scale as demand grows.

Business solution

AccelOne assembled a team of top engineers and designers to develop a scalable product that supports digital lending in a decentralized finance environment. The solution focused on security, usability, and the flexibility to adapt to a rapidly evolving crypto market.

Technical solution

AccelOne gathered a team of the best engineers and designers in the crypto space, with the most brilliant minds of Latin America, including PhDs in engineering, physics, and mathematics, to create a solid, scalable, and efficient product for our client.

The technology used to create and deploy the client solution included:

  • AWS for the cloud services using Terraform

  • CI / CD within those services

  • Nodejs for the API and integrations

  • Containers

  • ReactJS for the web application

AccelOne created a team to meet the client’s specific needs. The team was made up of the following roles:

  • Chief operations officer

  • Project manager

  • Integration back-end engineers

  • Front-end team Leader

  • Front end engineers

  • QA automation engineers

  • DevOps

  • UX / UI designers (Fintech oriented)

The challenges

The fast-paced evolution of the crypto market required frequent feature changes, while the platform had to be secure and scalable to handle high-profile transactions.

  • Flexibility: As the crypto business is evolving fast and mutating in several different branches, AccelOne’s team worked in a quite dynamic agile environment, changing and adding features quite frequently.

  • Scalability: The platform is oriented to particular businesses with a small number of high-profile transactions, but it is also prepared to scale to a high-frequency version when required.

  • Security: This is perhaps the most important topic in FinTech. To achieve a high level of security, the key was focusing on the design and implementation, done with daily collaboration between designers, engineers, and DevOps. Different levels of security tests are performed periodically.

  • Availability: Based on the same principles of security and scalability, but adding permanent monitoring services to detect any service shortage in real-time.

The results

The platform was successfully launched, offering users a simple and secure interface for digital lending. The client’s user base and transaction volume are growing steadily, and the platform is scalable to meet future needs.

  • The usability of the product (UI) provides a unique simplicity to the users, generating long-term engagement.

  • The user base and transaction volume are growing every day.

AccelOne’s expertise in decentralized finance and agile development helped the client deliver a unique, secure, and scalable digital lending solution, positioning them as an innovator in the DeFi space.

 

About the Author

Luis Paradela, Chief AI Officer and Co-founder of AccelOne.

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