An old executive of the Ton Lance Foundation tributary, an cryptocurrency investment application on Telegram with yields and loans.
A tributary, a monetary market protocol built on the blockchain linked to telegrams, The Open Network (Ton), announced its full launch on Monday.
Co-founded by the director of the ex-Ton-Ton-Tontin Hyun foundation, Affluent aims to introduce the management of cryptographic assets without telegram, allowing users to benefit from decentralized financial loans (DEFI) and returns without associated complexities.
“Our objective is to transform complex DEFI services into a simple and intuitive experience where users from all walks of life and knowledge levels can easily invest and develop their wealth,” said the co-founder and CO-PDG Hyun, co-founder flock to a shared ad with Cointelegraph.
Strategy and safe safely
Built natively on tons, the ease implement key features such as Strategy Vault and the safe manager system, which are designed to automate allocation and active yield strategies.
“By depositing assets in a safe, users allow tributary to manage their assets via a combination of automated intelligent contracts and expert management,” said the prison announcement, adding that user deposits are automatically widespread on various loan markets for optimized yields.
The protocol is designed to “balance human judgment”, allowing users to interact with a clean and simple interface, while experts managed by experts work in the background to optimize long-term performance and security.
Combination of Tradfi and Defi
Hyung Lee, another tributary co-founder who provides trading expertise in traditional financing options (tradfi), said the application will offer a unique combination of Tradfi and Defi Experience.
By applying the mixture, the wealth aims to create a new mechanism which will allow users to deserve the interest in a way as simple as to deposit assets in one click via Telegram.
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“In engineering of traditional finance solutions and developing them an entirely modular infrastructure based on blockchain, we build the next generation of DEFI protocols – which presents all the advantages of web3, but with the safety and risk management of tradfi,” said Lee.
“Flash loans are not a risk”
The cryptography loans is known to be vulnerable to different problems, including the very volatile nature of cryptographic assets. According to Co-PDG Hyun, the tributary does not neglect this problem.
“The wealthy protocol was audited by Trail of Bits, a cutting -edge security audit firm. The tributary design intrinsically incorporates risk management via the implementation of its isolated loan pools,” Hyun told Cointelegraph.
The isolated pool structure includes the risk of poor debt to a specific loan basin, if necessary, protecting the entire protocol against being affected. The CO-PDG has also mentioned that the tributary safe managers are “very sophisticated institutions that constantly monitor the use rates” to optimize user deposits.
“Flash loans are not a risk either due to the asynchronous design of your,” said Hyun, adding:
“There is currently no insurance on user deposits, but as the protocol increases, this is something that we will take into consideration.”
The launch of Affluent follows Hyun’s work years at the Ton Foundation, where he was the head of incubation and director of institutional growth, launching the world’s first hackathon and integration of funds and institutions to the Ton ecosystem. Before co-founding the rich, the CO-PDG Lee also co-founded the research and development company of Defi B-Harvest.
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