Cere Network announces partnership with Demodyfi

Cere Network
3 min readAug 23, 2021

At Cere, we are working on improving our enterprise SaaS platform and Cere Decentralized Data Cloud (DDC) ecosystem, in order to allow big brands and enterprises to start establishing their own data ecosystems and first-party data strategies.

Today, we are delighted to announce our new partnership with Demodyfi!

The Partnership

Demodyfi composes functionality from Polkadot parachains using Moonbeam as a lightweight integration layer that aggregates network services before presenting them to the end-user. Users will be able to trade multiple crypto assets from Demodyfi’s native decentralized exchange and use the convenient interface to manage their assets across multiple chains non-custodial, using the Metamask and Polkadot.js extension wallets.

Much like the ethos behind Demodyfi and Polkadot, Cere has long held the ideals that the future of blockchain is interconnected and powered by interoperable networks. This is opposed to “one chain to rule them all”. Cere works with a number of industry-leading projects to achieve this goal in a consortium. While Cere is acutely focused on bridging the vast gap between enterprise needs of privacy, scale, ease of use, and real-life use cases with current blockchain technology, it is also working to achieve full compatibility with the aforementioned decentralized networks to meet interoperability standards.

Use Case

Demodyfi’s primary goal is to incentivize user behavior over a predefined period of time by leveraging the specific functionality of Polkadot Parachains while reaching users and assets on other Chains. In addition to this goal is to create a deflationary asset DMOD that is the bridge to the DeFi space to provide financial access and services while still being in control of your assets. With these goals in mind, Demodyfi aims to enable lower transaction fees, faster confirmations, more efficient liquidity, and the provision of key features such as flash swapping at a scalable level.

Demodyfi will also be able to provide their customers with higher quality and more personalized experiences while the users can have peace of mind knowing that their personal data is not recklessly shared and used by 3rd parties like Facebook, Google, and similar big tech companies.

The Cere ecosystem provides a SaaS-DeFi smart contracting platform that will allow network participants to easily mobilize financial assets and put them to work in Decentralized Finance (DeFi) instruments.

The Cere SaaS-Defi bridge will bring more liquidity and better user experience for Demodyfi users through its SaaS-DeFi tooling for enterprises, and also for Cere stakeholders who will be able to utilize their dormant and locked capital within the Cere ecosystem to create new revenue streams to fund their operations and drive their bottom line.

About Demodyfi

Demodyfi is a next-generation Blockchain DEX built on both Ethereum and Moonbeam’s EVM-compatible Polkadot Parachain. The protocol utilizes Moonbeam’s Parachain smart contract interoperability while the Substrate framework serves as a fundamental layer.

The Demodyfi system is designed to on-ramp both entry-level and advanced users. Throughout this context, Demodyfi is able to respond to the actual preferences of the target audience by providing the same ease of use as centralized platforms.

Connecting DeFi and this use case is the mission. Creating transparency between this use case and blockchain simplicity is the goal by making the platform accessible for all user segments with no super-advanced user interface, but with something which feels familiar to its user and space.

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Cere Network

Decentralized Data Clusters for the AI era, secured by the Cere Blockchain Protocol