DeFi

Exponential.fi wants to make investing in DeFi easier

Published

7 months ago

11 July, 2024

Exponential.fi wants to make investing in DeFi easier

Exponential.fi, better known as a Cryptocurrency Risk Assessment Platformis launching a new suite of products designed to make the world of decentralized finance (DeFi) less intimidating for retail traders.

The new platform, which has been available to a small number of beta testers for a year, aims to serve as a one-stop shop for traders to identify, discover and invest in cryptocurrency opportunities.

According to Driss Benamour, CEO and co-founder of Exponential, the company started two and a half years ago when his other co-founder, Exponential Chairman Medhi Labbar, was managing a fund for his friends and family and was struggling to move their money into decentralized financial investments.

“I saw how much pain he was in,” Benamour said in an interview with CoinDesk. “He was bridging. He had this crazy spreadsheet. He was managing 12 portfolios. I thought, ‘This is crazy.’”

Exponential, which raised $14 million in a 2022 Financing Round Led by prominent crypto venture capital firm Paradigm, the new platform was designed as a hub that investors could visit to discover DeFi opportunities and assess their risks. The new platform differs from its predecessor in that it will allow users to invest directly from the app.

According to Benamour, Exponential’s new platform is “the safest and easiest way to invest in DeFi with institutional-grade security.”

Exponential will continue to focus on risk assessment, presenting detailed risk information next to each investment opportunity listed on the platform. It is also designed for retail traders who may not have experience investing in blockchain, so it offers a user interface and feature set aimed at a broad audience.

“To make this truly accessible, you have to approach it from every angle, with just one click,” Benamour said. “That means one-click trading, easy funding with crypto or fiat. That means easy portfolio management. That means easy taxes, etc. We’ve built a complete platform so that anyone can invest in DeFi and access the yield.”

“Today, there is no way, other than Exponential, to send $100 from your bank account and get into a Uniswap pool in less than 24 hours,” Benamour said. “That’s the magic of what we do.”

Exponential says it is taking a regulatory-first approach and is committed to taking a different path than the DeFi with a tragic destiny the performance platforms of yesteryear.

Exponential is registered as a money services business with the United States Financial Crimes Enforcement Network (FinCEN) and requires certain personal information from users in order to operate.

Like other platforms, it temporarily holds users’ funds before investing them on-chain, a step meant to streamline the investment process and remove network gas fees. (Exponential charges its own 20 basis points on each transaction.) However, according to Benamour, “everything is also traceable on-chain. You can see your wallet as a user on-chain, and you can see the funds moving and get receipts from smart contracts.”

Platforms like Exponential, which serve as intermediaries between banks and blockchains, are often criticized for undermining the decentralization that is supposed to be at the heart of DeFi.

“We may move to a fully decentralized platform when we can,” Labbar said, but he added: “We prioritize access, and right now the easiest way to unlock access and unlock the promise of DeFi, which is about freedom, is to introduce this layer of centralization.”

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Related Topics:Challenge Exponential Paradigm

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DeFi

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Published

6 months ago

29 July, 2024

CoinFlix Staff

If You Missed BONK and PEPE This Year, This Viral New Crypto Might Be Your Salvation

Bonk and Pepe appear set to net new investors 10x to 100x returns over the next 12 months. However, cryptocurrencies in the DeFi play-to-earn gaming sector could offer even greater returns. As August approaches, Rollblock is emerging as a standout DeFi play-to-earn gem with the potential to 100x-1000x gains in the fourth quarter and beyond.

The project features an innovative revenue sharing model and exceptional accessibility, attracting players and investors. Additionally, Rollblock’s extensive game library of over 150 titles and enhanced sports betting are further driving excitement for the platform. Cryptocurrency analysts are expecting a sudden surge in demand. 800% a push for Rollblock from the beginning of September.

Bonk remains strong despite market fluctuations

While most well-known cryptocurrencies struggled throughout July, Bonk remained strong. As one of the highest-grossing meme cryptocurrencies of 2024, Bonk rose over 24% in July, while most cryptocurrencies experienced negative fluctuations.

Investors looking to add a relatively safe memecoin to their portfolio should consider Bonk. While Bonk is unlikely to generate explosive gains of 250x to 1,000x from here on out, Bonk could still theoretically provide returns in the 20x to 100x range.

Pepe should see a big rise in the next bull run

Alongside Bonk, Pepe has yet to go through a bull run. This means that there are still substantial gains to be made from Pepe over the next 12 months.

Pepe is down 4% in 30 days, but that shouldn’t worry Pepe investors in 2024. Experts believe Pepe’s best days are still ahead, with crypto analysts predicting a 10x to 50x surge in the next election cycle around November.

In the long term, Pepe could surpass the 100x mark for today’s investors. However, Pepe is a memecoin, and one should exercise caution when investing in purely speculative assets that have no utility.

Rollblock’s Unprecedented Hype Potential Could Push It Past 100x Valuation in Q4

Rollblock is a GambleFi Play-to-Earn token that integrates centralized and decentralized gambling on a single platform. By allowing players to earn rewards through active participation and gameplay, the platform creates a compelling incentive structure that appeals to both casual and competitive players.

With its cutting-edge blockchain technology, Rollblock offers top-notch security that keeps bets and transactions on the platform secure. The platform’s lack of KYC mandates appeals to both users who value anonymity and security.

Rollblock’s revenue sharing model, which allocates up to 30% of casino revenue to RBLK token holders, is a major draw for investors. The model involves burning half of the repurchased tokens and distributing the other half to stakers, increasing the token’s value and encouraging long-term investment.

The platform is also constantly evolving thanks to user feedback which has enabled updates such as the upcoming sports betting feature within the platform’s casino. This addition will complement Rollblock’s extensive game library of over 150 titles, ranging from traditional poker to innovative blockchain-based games.

RBLK is expected to emerge as one of the leading DeFi tokens in 2024. With a price of $0.0172 with impressive growth potential and over 140 million tokens sold recently, Rollblock is on track to enter the top 100 cryptocurrencies by Q4, making today a lucrative time to buy RBLK tokens.

Discover the exciting opportunities of the Rollblock (RBLK) presale today!

Website: https://presale.rollblock.io/

Social networks: https://linktr.ee/rollblockcasino

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DeFi

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Published

6 months ago

29 July, 2024

CoinFlix Staff

Cryptocurrency sector is experiencing ‘most misjudged moment’ since 2020, says venture capitalist Arthur Cheong

Veteran cryptocurrency investor Arthur Cheong believes the digital asset sector offers long-term holders a golden opportunity.

Cheong, the founder of DeFiance Capital, tell His 171,700 followers on social media platform X indicate that he believes decentralized finance (DeFi) is hugely undervalued.

According to Cheong, DeFi projects are innovating at a rapid pace and leaving traditional financial (TradFi) companies in the dust.

“It’s been a long time since I’ve been this excited about the risk/reward and potential upside of DeFi. This is probably the most misjudged moment since the pre-DeFi summer of 2020, with extremely promising prospects.

I see opportunities not only in OG (original) DeFi, but also in some newer projects that are evolving rapidly and growing at a pace that fintech startups will do anything to match.

The veteran investor also believes that crypto is now here to stay following recent launch from the Ethereum spot market (ETH) exchange-traded funds (ETFs) last week.

“Overall, the floodgates are open and there is no turning back. TradFi asset managers will continue to launch new crypto products because, guess what: there is huge demand for them!”

I expect them to launch actively managed crypto ETFs [in the] coming years. ”

Earlier this month, Cheong laid that it might be a bad strategy for cryptocurrencies to seek mass adoption, believing that digital assets are designed to disrupt several key financial sectors.

“I think we should accept that cryptocurrencies may not be suited for mass adoption like Web2, but rather are optimized for some narrow but very high-impact use cases like stateless global money, cross-border payments, and decentralized finance.

Chasing mass adoption of normies may be chasing the wrong Grail from the start.

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