The Robinhood of Crypto – Raises $ 1 Million Pre-Seed, Bringing DeFi to the Masses
SAN FRANCISCO, June 02, 2021 (GLOBE NEWSWIRE) – SmartDeFi is an easy-to-use, non-custodial investment app that meets the needs of traditional investors who want to make their first DeFi investments, but don’t understand the risks involved or how to do it. first steps.
The user-friendly iOS app removes the complicated integration barriers of crypto, allowing users to instantly enter risk-adjusted DeFi products using their bank account, credit card, or Apple Pay directly from their mobile device.
SmartDeFi will launch in Q2 2021, but if you want to try it out sooner, you can join the early access beta by clicking here.
SmartDeFi was founded in 2020 by Kieran Daniels (CEO) and Dziugas Butkus (CTO) who believe that the reason traditional investors have not entered the new and lucrative DeFi markets is the lack of an easy-to-understand and transparent risk assessment layer.
To solve this problem, the San Francisco-based company secured $ 1 million in pre-seed funding led by venture capital firms Future Fund; Centrality AI; GenBlock; and the arched capital.
Project advisers: Santiago R Santos (General Partner, ParaFi Capital); Joel John (Principal, Ledger Prime); and Lukas Schor (Product Manager, Gnosis Safe).
With additional support from a strategic range of DeFi Angel investors: Sandeep Nailwal (co-founder, COO Polygon); Jaynti Kanani (co-founder, CEO of Polygon); Tyler Ward (co-founder, CEO Barnbridge); Alex Svanevik (co-founder, CEO Nansen); Mariano Conti (MakerDAO); Joseph Delong (CTO, Sushi.com); Jonny Rhea (co-founder, CTO Element Finance); Tyler Reynolds (angel investor); Akin Sawyerr (Barnbridge); Marc Weinstein (MechanismCap); Meltem Demirors (CoinShares); Nirbhik Jangid (The Dapp list, previous polygon); Jordan Lyall (Niftys, Prev ConsenSys); Joe Mahon (angel investor); Ryan Burkin (co-founder, CEO of Teller Finance); DeFiTed (coverage protocol, rule protocol); and others.
The SmartDeFi mobile app provides users with instant access to DeFi through several risk-adjusted investment products, which have been aptly named “Decentralized ETFs†or “DETFâ€.
Unlike Robinhood, Fidelity or Charles Schwab, SmartDeFi users genuinely own their assets and can buy or sell 24 hours a day, 7 days a week, without relying on third party approval.
Additionally, SmartDeFi is the very first consumer application built on the Ethereum Polygon scaling solution, which now performs more daily transactions than the Ethereum blockchain. For this reason, users do not have to worry about high gas charges or network congestion when buying or selling DETFs.
“In 2017 you were called crazy for investing in crypto. Another 2 years ago it was’ crypto is a scam. ‘Then the narrative shifted to’ Okay. I want to participate. wallet in DeFi? ‘. This change is the reason we built SmartDeFi and DETF products. -Kieran Daniels | Co-founder, CEO SmartDeFi
The SmartDeFi infrastructure is powered by Idle Finance (DeFi protocol); Gnosis Safe (Multisig wallet); Polygon network (Layer 2 aggregator); Wyre (Fiat On-Ramp); and Torus Labs (Web3 connection).
The combination of these cutting-edge Web3 products creates a seamless onboarding journey for all levels of user experience. Now anyone can download the SmartDeFi app and easily purchase risk-adjusted DeFi smart carts with 3 clicks.
SmartDeFi will launch in Q2 2021, but if you want to try it out sooner, you can join the early access beta by clicking here.
Media contact
Company: SmartDeFi
Contact: Kieran Daniels
Email: [email protected]
Website: https://trysmartdefi.com/
Twitter: https://twitter.com/SmartDeFi
SOURCE: SmartDeFi
