Arken Finance is the Abstraction Layer for DeFi Protocols & User Experience. Arken helps abstract the complexity and unified liquidity and protocols to accelerate software development, making it easier for developers to build and create. On the user side, Arken provides the best user experience abstraction into a single user-friendly system over multiple networks, thousands of protocols, and millions of liquidity pools to make the transition to DeFi easy and painless.
Arken began in mid-2021. Back then, DeFi protocols are raw and complex. Everyone might have experience spending hours teaching people how to use DeFi. Swapping, seeing price charts, or finding a valid smart contract address are all complicated. The more we learned about the adoption obstructions of DeFi users, the more we realized that making DeFi accessible is going to need a lot of applications.
To realize this vision, we invested our time develop the technology layer that abstracts the complexity of software development away so we can develop new applications fast. Then, we developed the first application to solve our itch, Arken Trading Portal, which incorporated thousands of protocols and millions of liquidity pools and abstracted the incompatible user experience into a powerful trading UI that millions of people around the world have used. Some even thought that we are CEX! That's a milestone that we truly appreciate.
Arken was first founded with the mission to become the best user experience trading tool in the Decentralized Exchange (DEX) ecosystem. We want to help users discover more opportunities by solving problems that people are facing in the industry, including:
Problem 1: ‘Where to Buy?’
In the current DeFi space, coins and tokens are listed everywhere. To invest in a project, users must know where to buy each coin/token in order to get them at a good price. Furthermore, the mechanics of automated market maker (AMM) of most DEXs actually complicate things for the users, as different exchanges have varying liquidity and pricing from site to site, and it is not always easy to get the best deal for the trading pair users are looking into.
Problem 2: 'How to Buy?'
Once you know where, you still can hardly make strategic decisions because it is hard to visualize the trends or market movements from looking at the price on only one DEX platform.
Thus, Arken Finance aims to solve these problems that are the resistance to mass adoption of the DeFi industry.
DEX aggregators accumulate data from a wide array of DEXs, offering a service that allows traders to benefit from varieties of financial tools in a single interface, often providing better liquidity and prices on different trading pairs. DEX aggregators rely on complicated algorithms to take into account numerous factors in selecting the best possible exchange provider for a given token swap and facilitate split trades to offer the best possible prices.
