Look, fellas, I’m going to be honest with you. Things aren’t looking great for DeFi.

If we take a look at the popular narratives thus far, they’ve predominantly been AI and memecoins. DeFi, which dominated the last cycle, has been majorly underperforming this cycle. The only DeFi stuff doing well at the moment is staking and restaking-related products.

But why? What’s happened?

DeFi as a concept has always been great; there’s no denying that. It’s just been tarnished by the people currently spearheading it. Rather than making simple, powerful, and immutable financial primitives, the norm of the sector is now to make complex ponzis.

All we see are unnecessarily complicated products that very few people understand. They are very difficult to use and often do little other than make some active degens a little more money. These are just the products that aren’t long-drawn scams.

After the first iteration of DeFi that had everyone excited, it has gone down the tumultuous road of becoming a walled garden, with the length of the walls only increasing, forcing more and more people to remain on the outside.

Unfortunately, the wells in this DeFi garden are running dry, and the once-blooming garden is no longer flourishing.

Now, those on the outside of this walled garden are no longer looking for a way in, interest in DeFi continues to decrease. The only way for things to progress from here is to lower the walls. Make DeFi simpler and more accessible. Make it understandable for crypto natives as well as normies.

There are a lot of projects now working on taking this step for DeFi to break the walled garden of gigabrain ponzis and bring DeFi back to its roots. However, we feel like there is one stand out in this realm.

That’s none other than Unstoppable.

Long-time readers of blocmates will be well aware of how much we love Unstoppable. Apart from the usual complete guide, we’ve also given you a piece-by-piece breakdown of the finer details, such as the liquidation engine, the Margin DEX, and how they’ve gone about building their app.

Today, we’re going to tie everything together. We’ll show you how all these individual pieces come together to create an application that makes DeFi simpler, accessible, and approachable—making DeFi for everyone.

Introducing the Robinhood of DeFi.

The Unstoppable App

To make DeFi accessible and easy for the masses, we need a killer app. Unstoppable has done just that.

The application is currently in early access at the moment, but I have used it, and let me tell you, it’s miles ahead of any other crypto app I’ve used.

At the moment, the app is only available as a progressive web app, which means you have to download it from your browser on to your home screen. Eventually, you can expect app store integrations.

Once it’s integrated with app stores, you can expect the onboarding to become even easier.

You then open the app and click on ‘sign up’ to create your account. The registration process is extremely easy. It took me less than a minute, and I’m as smooth-brained as they come.What immediately stands out is that you do not need to write down complicated seed phrases, choose chains, networks or RPC configurations or figure out how to fund your wallet to cover gas costs. You enter a username, secure your account with PIN or even easier FaceID and you’re in.

Once you’re signed up, you’ll have a wallet assigned to your account to which you can send funds. The big update Unstoppable is currently working on, skips even that step and lets users choose to “Checkout With ApplePay/GooglePay”. Then you will be redirected to the homepage which shows your balances, open orders, transactions, trending coins, and so on.

It looks a little like this.

Once you have your funds in your app, it’s all pretty easy from there.

At the bottom of your screen you should have multiple options. If you click on ‘trade’ you will see one of the sleekest trading interfaces out there.

Here, you can spot or margin trade a wide range of different assets just by tapping your phone screen. It’s all very intuitive, so you don’t need to worry about time lags or other inefficiencies.

If you don’t want to trade, you can navigate to the ‘Earn’ section within the app. This is where your LP positions and other yield-generating positions will show up. Oh yeah, it updates every second, so you’ll continuously see number go up to give you that much-needed dopamine hit.

But apart from a good interface and smooth onboarding experience, something that crypto apps need to get correct is security. You can’t create normie-friendly applications if they aren’t secure since they don’t want to spend time learning the ins and outs of proper self-custody.

Unstoppable has them covered here, too.

The Unstoppable wallet is the next level in terms of security. It’s an account abstraction wallet, which means it uses a smart contract rather than your typical EOA wallet like Metamask. This offers flexibility and customizability when it comes to performing complex transactions.

Furthermore, it doesn’t use seedphrases like other wallets. It uses the hardware of your own device as a backup. Each device has its own unique secure chip, which the wallet uses to back up assets and ensure they are safe since seed phrases and private keys are tedious and exploitable.

Just for an extra measure of safety, the wallet will also have two-factor authentication.

The cherry on top is their inheritance and social recovery feature. For years, it’s been discussed how passing on funds to future generations or loved ones, like you can in TradFi, is a problem in crypto. Their new v2 Smart Contract wallet Unstoppable includes an inheritance/inactivity transfer option to make this process easier. It may not sound like a major problem at the moment, but we’ve seen many people suffer because of this.

But a good app is just step 1. There’s no point in having a nice app if the products themselves aren’t good enough.

Margin trading

Margin trading is arguably one of the most popular products in the crypto industry as a whole. Everyone is looking for an easy and cheap way to access leverage. Unstoppable just brings this to your fingertips in a much superior way to anyone else.

The basic design is like this.

It is meant to be more of a leveraged spot position rather than a synthetic leverage position. A user can choose their leverage amount using the slider, which determines how much they want to borrow. The exchange uses all those borrowed funds to buy a spot position from the best liquidity source available.

The fee for opening a trade is 0.05-0.1% (currently ZERO!), and closing a trade is always free. All the proceeds from the fees are used for growth or go directly to UND stakers, and the LPs get paid from the annualized interest (borrow rate). However, note that the fees are configurable by the multisig but will only be adjusted to ensure the overall health of the protocol is maintained.

This simplistic design comes with a ton of benefits:

• No open interest caps required
• Unstoppable doesn’t need to balance long/short positions
• Borrowing rates are reactive based on utilization and change on a block-by-block basis
• A one-time fee replaces the continuous funding payment
• All positions are 100% backed by the underlying asset, and this is verifiable on-chain at all times
• Traders & LPs are not directly trading against each other

By making this design choice, the exchange offers a familiar margin experience on-chain while minimizing the attack vectors. This inherently makes it better for users. But when you add to it the fact that they source liquidity from the best available source indiscriminately, it also means that they will have a more efficient execution environment.

Everyone wins.

Now, let’s get into some of the finer details of Unstoppable’s margin trading.

First, their cross-margin feature. Like most exchanges, they offer regular cross-margin but also advanced cross-margin, where you can literally long your longs. You can use ETH as collateral to long more ETH if you want.

Another cool feature is cross-crypto pairs. Some CEXs allow you to trade pairs like ETH/BTC, but doing it fully on-chain is difficult to find. Unstoppable’s margin DEX allows you to do it with ease.

Moreover, impermanent loss is also not a cause for concern. You can provide single-sided liquidity in USDC, ETH, or BTC, but since all trades are 100% backed by the underlying spot markets, LPs are not the counterparties to traders' profits and, therefore, don’t have to worry about impermanent loss.

Okay, so Unstoppable’s margin DEX is the cheapest and very efficient. But everyone is not a redacted ape like you and me.

Believe it or not, some people don’t want to trade the 1m chart with 100x leverage. They prefer the safer, easier, and longer-term game of spot trading.

Spot Trading

When it comes to on-chain trading. Spot trading absolutely dominates volume over margin trading.

Unstoppable uses a very simple spot trading system. They simply leverage liquidity from the best existing sources in DeFi. Proven exchanges with deep markets like Uniswap or Raydium are used to source liquidity, which makes it much cheaper for Unstoppable.

To go with this, they offer four different types of spot orders:

• Market order
• Limit order
• Trailing stop order
• Dollar-cost average (DCA)

I’m sure most of you are already familiar with these, but a little refresher never hurts.

A limit order essentially allows you to define a price at which you would like to buy/sell a pre-defined quantity of a certain asset. For example, buy ETH at $1800.

Now, this feature is not new. Products like Jupiter and 1inch already offer it. The difference with Unstoppable is that it uses all available aggregators when triggering a limit order, so the user always gets the best possible execution in the market. On top of this, the feature is completely free to use at the moment—no fees. So enjoy.

Then we have trailing orders.

A trailing stop order is a dynamic way to have a stop order that adjusts to market fluctuation. Suppose you bought ETH for $1800. You can set an order to sell when the market price of ETH is 20% lower than the current market price or the future highest market price.

So, if ETH keeps going up, you’ll be exposed to that upside, but suppose there’s a liquidation cascade. Your sell will be hit 20% off the highs.

It’s simply a more flexible and dynamic approach to risk management.

DCA is also a very popular investment strategy. You can specify a quantity and set intervals for each swap, and the DCA function will automatically execute it for you. Say you want to buy an asset that’s in an accumulation phase or gradually sell an asset as it pumps. The DCA feature does it for you automatically.

Scale in and out of your memecoins (or other coins if you’re a boomer) with ease using the DCA feature. Oh, and this too is free for the moment.

Concluding thoughts

For years we have spoken about making DeFi easier to use for the masses, but nobody acted on it.

Unstoppable is now taking charge.

Their application is incredibly user-friendly, efficient, secure, and cheap. It’s the perfect product for bringing DeFi to the masses. Similar to how Robinhood absolutely changed the game for the stock market with its easy interface, Unstoppable is doing the same for DeFi. Cheap and simple on-chain experience that’s accessible to everyone.

Once they onboard a significant number of people, you can expect them to add a ton of more applications to their product suite effectively feeding the normies DeFi products in a digestible way.

Lower the walls of the DeFi garden and make DeFi for everyone.