What is Peach?

Overview

At Peach, we recognize the complexities and challenges that traders, developers, and crypto enthusiasts face in navigating the dynamic digital asset landscape. Our mission is to democratize access to advanced capital tools (trading and treasury functionalities), enhance asset mobility, and streamline settlement processes, thereby fostering a more inclusive and efficient environment for all participants. This drives our commitment to developing solutions like Peach Prompt, On-Chain/Off-Chain Asset Treasurer (OOAT), and Fulfillment Settlement Torrent (FST). Each of these offerings is meticulously crafted to address macro and specific pain points in the market.

The Peach Zone itself is a cutting-edge blockchain, strategically built on the Cosmos network and Celestia infrastructure. Utilizing the Cosmos sdk with Celestia as its data availability (DA) layer, Peach provides developers with an CosmWasm execution layer. This innovation enhances the efficiency of blockchain operations, catering to general users, information sources, and DeFi enthusiasts.

Layer	Chain
Data Layer	Celestia
Consensus	Tendermint
Execution	Cosmos
Settlement	Peach

The Problems We Want To Solve

Problem 1 - The Need for a Unified Frontend

In the current landscape, both novice and experienced traders encounter challenges navigating the complex world of multiple DEXes and DEX aggregators add to the complexity. This challenge intensifies when users go cross-chain, dealing with different wallet infrastructures. Peach Prompt, a cornerstone infrastructure DApp on Peach, addresses this issue.

Peach Prompt provides AI-driven assistance and, in the near future, advanced features like watch-for-you trading and auto rapid striking in new digital asset launches. These features are crucial for effective and efficient trading in the dynamic DeFi space.

Problem 2 - Blockchain Asset Mobility and Integrity

In a multi-chain world, there is also a noticeable gap in the market for Peach OOAT, facilitating seamless asset movement. It integrates with asset endpoints (i.e., custodians and funds) and utilizes Peach's Integrated Attestation Messaging (IAM) which leverages on ricardian contracts to ensure effective asset transfers, even in turbulent market conditions. While not our main USP, OOAT proves extremely useful during critical market events, like the Terra Luna crash. Users faced limitations in asset mobility, especially when blockchains were paused by node validators, leading to challenges in transferring or proving ownership of assets in a timely and secure manner. Peach OOAT addresses this problem.

Problem 3 - Inefficiencies in Cross-Chain Asset Transfer and Settlement in DeFi Ecosystems

In the current DeFi ecosystem, the process of asset transfer and settlement across different blockchains is often cumbersome and inefficient, leading to a significant amount of capital being at rest and not utilized optimally.

There is a lack of a streamlined, secure mechanism that enables users to settle transactions quickly and efficiently, while also facilitating fulfillment across various chains, thus limiting the agility and flexibility in asset management.