Newrl employs simple-to-use, low-cost, and highly scalable smart contracts and decentralized autonomous organizations (DAO) to take blockchain technology beyond the highly skilled but relatively small web3 developer community. Newrl’s protocol is based on identity at the chain layer and legally robust tokenization.
A decentralized autonomous organization (DAO) is software running on a blockchain and offers a built-in model for the collective management of its code. Open-source blockchains give them full autonomy and transparency. Newrl has templatized the entire process of DAOs. These are at-node no-code templates that are parametrized on-chain analogous to an “app-store” approach to smart contracts and DAOs. Newrl has a ready toolbox to get started with the tokenization of assets and contracts and creating liquidity in them.
Decentralized crypto exchanges (DEXs) are blockchain-based apps that coordinate the large-scale trading of crypto assets between multiple users. It is a peer-to-peer marketplace. DEXs fulfill crypto’s core possibilities of fostering financial transactions that aren’t officiated by banks, brokers, payment processors, or any other kind of intermediary. DEX is a set of smart contracts. Its transactions are settled directly on the blockchain. On blockchain networks like Ethereum, they are pieces of code that trigger various outputs when they are given certain inputs. To facilitate trades, they establish cryptocurrency prices algorithmically and use liquidity pools where investors lock funds in exchange for interest-like rewards.
For a user interested in finding a hot token in its infancy, DeFi is the place to be. A DeFi protocol code may have exploitable bugs (despite lengthy testing) that result in the loss of tokens. While a smart contract works as intended under normal circumstances. There is virtually no limit to the possibilities offered by DEXs tokens, from the well-known to the weird and totally random. The transaction fees from all transactions in the block are transferred to the treasury address of Newrl. The treasury then uses its balance as a liquidity pool of the tokens allowed for the transaction fees.
Automated market makers (AMM) are the most widely used type of DEX as they enable instant liquidity, democratized access to liquidity provision, and permissionless market creation for any token. An AMM is essentially a money robot willing to quote a price between two (or more) assets. It utilizes a liquidity pool that users can swap their tokens against, with the price determined by an algorithm based on the proportion of tokens in the pool.
Newrl creates a frictionless collaboration amongst like-minded people for specific projects. Liquidity Pooling is the system that controls how capital is used based on predicted price changes. It allows liquidity providers to choose a price direction and earn additional returns if they choose correctly.