Pear Protocol is an innovative DeFi platform designed to simplify and enhance on-chain pairs trading. It allows users to open leveraged long and short positions within a single transaction, offering an improved user experience compared to traditional centralized exchanges. Aleh Tech played a pivotal role in developing the blockchain infrastructure for Pear Protocol, collaborating with their team to implement key functionalities and ensure seamless on-chain integrations.
Pear Protocol aimed to address the complexities of pairs trading within the cryptocurrency market. Traditional systems required multiple transactions to manage long and short positions, leading to inefficiencies and higher risks. Additionally, users faced challenges with managing custody and liquidity across various centralized exchanges (CEXs). The protocol needed a decentralized solution that could seamlessly integrate various liquidity sources while maintaining user control over assets.
Aleh Tech contributed to Pear Protocol by deploying two blockchain developers and a designer, focusing on the entire blockchain infrastructure and a complete UI/UX overhaul.
Our blockchain developers implemented Solidity smart contracts that enabled leveraged long and short positions within a single transaction, enhancing efficiency and security by using ERC-721 tokens to represent these positions. This allowed users to transfer, trade, or use their positions as collateral across various DeFi platforms. The contracts featured intricate margin and leverage management, with functionalities like liquidation safeguards, automated rebalancing, and secure collateral management. These mechanisms ensured the system’s stability, even under volatile market conditions.
In addition, we integrated the platform with leading DeFi trading engines like GMX, Vertex, and SYMM. This integration provided users with access to deep, on-chain liquidity, allowing them to seamlessly execute complex trading strategies while maintaining full custody of their assets. To ensure scalability, the contracts were designed with multi-chain support, ready to be expanded across ecosystems.
Our designer revamped Pear Protocol’s frontend interface, optimizing the user experience for a decentralized environment. This included creating intuitive dashboards, advanced charting tools, and easy-to-use interfaces for opening and managing pairs trades. The revamped UI/UX dramatically improved user interaction, simplifying complex DeFi functions into a streamlined experience, which was met with high praise by the Pear Protocol team and community.
Solidity
ERC-721 Tokens
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DeFi Trading Engine Integration
GMX Integrations
Vertex Integrations
SYMM
Figma
Aleh Tech’s contributions to Pear Protocol significantly improved how users interact with on-chain pairs trading. By developing the entire blockchain framework, we enabled users to efficiently manage long and short positions in a single transaction, while ensuring decentralized custody and access to deep liquidity pools. Our ongoing partnership with Pear Protocol is helping to enhance DeFi functionalities and expand the platform's capabilities.
" One of the best teams I have worked with, definitely will work with them in the near future. "
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