DeFi Product Development Process
DeFi staking platform development is a complex task that requires deep knowledge of finance, blockchain and cybersecurity. Therefore, it is best to entrust the creation of such software to a technical partner with the appropriate personnel and development experience, such as ICODA. Our company has been developing various DeFi solutions in the field of blockchain and fintech – from smart contracts to decentralized cryptocurrency exchanges. DeFi staking platform development is one of you key competences
How ICODA Approaches DeFi Staking Platform Development
Suppose you turned to ICODA for DeFi staking platform development services. Here’s what working with us will look like:
The development of a DeFi platform, like the launch of any other project, begins with business analysis. At this stage, you and your technical partner lay down the overall concept, tasks, technical requirements and functionality of the project; this will further help you choose the optimal technology stack and set up the architecture of the product, as well as come up with the initial design requirements.
At the next stage, you need to clearly define the requirements for the design and technical component of the software being created. The DeFi staking platform development design requirements imply the creation of a common UX strategy, multiple user personalities, user flows, information architecture, low-precision wireframes and other things.
Next, you need to work out the technical requirements, finding a middle ground between meeting the needs of end users and your business goals. The result of such changes should be the structure of the overall data flow, the architecture of the platform, the principles of quality assurance, the technology stack and the development plan with an estimated time and cost of the project.
UX/UI design is an integral part of any application. In the case of a DeFi staking platform, it should be as simple and understandable as possible since its end users are ordinary people unfamiliar with blockchain technologies and decentralized finance. Ideally, working with your service should not differ from working with traditional asset management, lending, insurance or investment applications. Together with our design team, we will combine your aesthetical vision and your desired interface with the latest trends in ergonomics, user-friendliness, and natural design flow.
Smart Contract Development
In most cases, the correctness, reliability and security of your DeFi platform will depend on the quality of smart contracts. They are the bedrock of any DeFi-product since they entail the gearwork of the entire system.
In addition, it’s worth noting that, depending on the quality of implementation, smart contracts can both increase the security of your DeFi platform and make it more vulnerable to cyberattacks (most of the hacks of DeFi projects, if not all, are carried out thanks to loopholes in their smart contracts). Our development team will not only write a solid smart contract but also audit it thoroughly using our in-house solutions to ensure that its sailing is both smooth and secure.
The immutability of smart contracts makes it so that with every fix and alteration, there’s a hard reboot. Our development team will work closely with you and make sure that every aspect of back-end/front-end development is accounted for.
Testing & Deployment
Before your project’s out, we run various stress and UX tests to ensure it’s in ship shape before it’s sailed. Once we’ve made sure of that, your DeFi staking platform is ready to go live on both desktop, AppStore and GooglePlay.
Support & Updates
We keep a close watch over your platform’s performance and make alterations after its launch to make sure it provides the best experience in a live environment.
ICODA has been in the game for years, and we know how to make a project that both fits in and stands out. By working with us, you’re securing yourself a DeFi staking platform that is on par with the market’s demands for quality and performance. Reach out to us now and get quality development services with lifetime support and other bonuses to enjoy.