Let’s take a closer look at DeFi projects in the Launchpool Web3 Techstars Accelerator.
Collateralized Loans, Simplified Investing, Diamonds
(Read our earlier story on projects related to the “Creator Economy” here.)
Founder: Michael Quartey
Description: Eczodex Cambridge tokenizes data assets for value investors, connecting the worlds of Traditional Finance and DeFi. Eczodex allows users to borrow funds for DeFi investing using their financial assets as collateral.
The users then select different investment strategies based on personal preferences, ranging from a slow and steady plan (low-risk, 2% APY historical return) to an aggressive approach (high-risk, 10% APY historical return).
The assets accepted as collateral include stocks, ETFs, commodities, and funds, and the collected assets are held by a regulated third-party custody provider.
Founder: Victor Lee
Description: Securo Finance brings an all-in-one dashboard with an API integration that simplifies crypto investing by using DeFi indices.
The Securo Finance Portfolio consists of 3 indices which they refer to as the three SFFs (Securo Finance Funds), each focussing on different crypto assets.
The SFFs include:
Low-risk Crypto Index (LCI): Stablecoin yield farming
Market Weighted Index (MWI): Capitalization-weighted index that tracks the performance of decentralized financial assets across the market.
Blockchain Network Index (BNI): Exposure to major layer-one blockchain utility tokens.
“Nine of 10 crypto investors are frustrated with decentralized finance. We suffer the same problem when we are investing in different DeFi protocols on multiple blockchain networks. Family offices and crypto funds are seeking exposure to DeFi investments and struggle with smart-contract complexity, security, compliance, and regulation,” the head of Securo Finance told BSC News.
“Securo is building the foundation for Web3 finance by focusing on the DeFi infrastructure, integration with third-party decentralized applications (dApps), and connectivity with APIs. This allows investors to integrate DeFi into their financial portfolios, i.e., custodial of their investments, fiat-to-crypto on ramps, and portfolio analytics, seamlessly integrate with existing workflows.”
Blockchains: Ethereum, EVM compatible chains
Founder: Tim Goodman
Description: Your Diamonds unlocks liquidity, transparency, financial data, and cash flow finance in the diamond industry. This protocol allows users, including diamond jewelry traders and private customers, to access new pricing information across smartphones, tablets, and desktops.
“We are making a market for lenders and borrowers to lend and borrow on a decentralized ledger using our proprietary valuation engines solving a big Web3 problem, how to automate the valuation of real assets,” Goodman said.
“We are creating a new financial system by transferring trust in humans to trust in a certified asset starting with diamonds. I believe that diamonds are just the beginning. The opportunity to democratize and digitalize money lending is upon us. Early days but I believe this process will take over from traditional banking within five years. The banks can either go with this or find a new reason for their existence.”
Your Diamonds provides information such as pricing data, access to cash-flow finance, and a suite of tools accessible from any device.
In layman’s terms, they use up-to-date, objective and transparent market data to show prospective diamond jewelry customers the fair price for a diamond, and to get a valuation of their diamonds.
Blockchain: To be disclosed.
What is Techstars:
Techstars is an investment and innovation group connecting entrepreneurs, investors, corporations, and city governments to solve challenges across industries and geographies. They pioneered the accelerator program model in 2006, working towards their vision of a connected global economy of innovation.
Source : bsc.news
Founded in 2020, BSCNews is the leading media platform covering decentralized finance (DeFi) on the Binance Smart Chain (BSC). We cover a wide range of blockchain news revolving mainly around the DeFi sector of the crypto markets. BSCNews aims to inform, educate and share information with the global investment community through our website, social media, newsletters, podcasts, research, and live ask me anything (AMA). Our content reaches hundreds of thousands of global investors who are active in the BSC DeFi space.