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Multi-asset DeFi protocol DEUS Finance is set to launch its mobile app on May 25, 2021. DEUS Finance made this known in a press release today.
The mobile app launch will represent a significant milestone for DEUS Finance as it transforms the DeFi sector. Mobile users will be able to enjoy an optimized DeFi experience on their mobile devices.
The mobile app will initially support access to the popular DEUS Swap, an instant exchange that allows one to buy and sell ERC20 tokens of over 500+ stocks without creating an account or having to submit KYC. DEUS Finance app users will be able to access the full functionality of the DEX and swap using one of the five supported cryptocurrencies, which includes ETH, DAI, USDC, DEA, and WBTC.
Traders that hold the utility token DEA will have access to special products and services and lower trading fees. Additionally, the token is used to reward liquidity providers and has a total fixed supply of 166,670.
The DEUS app is well secured and uses a decentralized architecture. When launching the app for the first time, the user will be prompted to either import an existing wallet or create a new account.
The wallet is fully non-custodial, and the private keys generated are neither stored by DEUS nor on any of their servers. This is significant since there are cases of DeFi mobile apps that have been accused of holding users’ private keys and stealing digital assets from wallets.
A unique Multi-asset ecosystem
DEUS Finance is a multi-asset DeFi platform that lets users access proper DeFi features, unlike traditional trading platforms like Robinhood that censor traders. DEUS Finance allows everyone to have unrestricted access to trading verifiable assets.
The synthetic trading platform offers advanced trading options such as taking long or short positions, creating indices, and earning fees for providing liquidity. DEUS is entirely decentralized, and traders are not required to create accounts or fill in KYC details to access the platform.
DEUS lets users mint verifiable assets which are pegged 1:1 to real-world assets. These assets are known as dAssets and are minted as their own ERC20 token. DEUS uses its unique decentralized oracle to get real-time pricing, ensuring that they are priced accurately to real-world assets.
Users can trade digital assets like Tesla stocks without restriction on DEUS Finance. Traders can also take advantage of other features like little to no slippage, networks available (xdai, mainnet), early access to stocks and IPOs, tradable assets due to their ERC20 format, and many more.
In all, DEUS Finance is a revolutionizing project and the mobile app is just the first step towards mass adoption.