The executive rich of a former ton foundation is launching a cryptocurrency investment app on Telegram, which features yields and borrowings.
A money market protocol prosperity, built on Telegram-Linked Blockchain, Open Network (Ton), announced its full launch on Monday.
The co-establishment by Justin Hyun, director of the East-Ting Foundation, is concluded to introduce a reliable crypto asset management for Telegram, allowing users to benefit from decentralized finance (DEFI) loans and yields without allied complications.
“Our goal is to convert complex DEFI services into a simple and easy experience, where all backgrounds and knowledge level users can easily invest and increase their wealth,” the entire co-founder and co–CEO Hune said in an announcement shared with the coinlagraph.
Strategy Vault and Chessori Manager System
The originally manufactured, rich strategy on tones applies major features such as vault and vault manager system, designed to automate asset allocation and yield strategies.
“By depositing property in a vault, users allow their assets to manage through a combination of automated smart contracts and expert management,” it is written in the announcement of the rich, saying that the user has auto-flow in various borrowed markets for customized returns.
The protocol is designed to “balance with human decisions”, enabled users to interact with a clean and simple interface, while specialist-managed vaults work in the background to adapt to long performance and safety.
Combination of tradefi and deafi
Hug Lee, another rich co-founder who brings a traditional finance option trading expertise, said that the app would provide a unique combination of Tradfi and Defi experience.
By applying the mixture, the purpose of the affluent is to create a new mechanism that will allow users to earn interest in a simple way as depositing property with single clicks through telegram.
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“To develop from traditional finance to engineering solutions and to develop them in a completely modular blockchain-based infrastructure, we are building the next generation DEFI protocol-one that has all the advantages of web 3, but with the safety and risk management of the tradefi,” Lee said.
Cointelegraph contacted the connivated comment on risk management on its newly launched platforms, but did not receive any response until the time of publication.
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This is a developing story, and further information will be added as it is available.
