Decentralized finance (DeFi) could hold immense potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles to onboard new users – both retail and institutional – due to its limitations in user experience.
Despite all the innovations and developments at the infrastructure level, the “DeFi revolution” is presented to users with unnecessarily complicated screens that would require expert-level technical knowledge.
MC2 Finance, a decentralized crypto asset management platform, aims to onboard both TradFi users and crypto newcomers by simplifying the experience of investing in DeFi. It offers an infrastructure to create digital asset funds that are KYC-free and aligned with regulatory requirements.
Asset managers can instantly create non-custodial portfolio structures across multiple blockchains using MC2 Finance and trade a strategy like a token. Users can then automatically follow the experts’ strategies with their own cross-chain wallets. Once a user logs into MC2 Finance with a Web3 wallet, they are free to explore different token strategies and review risks and ratings to make informed decisions based on their goals.
DeFi needs simple screens
The platform’s simplistic design makes it easy for DeFi newcomers to mix their strategies through a clean interface while learning from the expert community by joining exclusive trader clubs.
The real strength of social trading?
It is the art of harnessing the shared wisdom and varied experiences of a community, thereby enabling individuals to make informed decisions through new knowledge.
– MC²Fi (@mcsquaredfi) October 5, 2023
The platform offers a white-label marketplace integrated with popular decentralized exchanges (DEX). The integration means an increase in trading volume and total value locked (TVL) for some of the largest DEXs in the space. MC2 Finance also offers automated auditing and strategy verification to ensure investment security and reliability. Additionally, by setting up trading competitions, the platform will allow users to have access to tested investment strategies.
“The digitalization and decentralization of all asset classes is a clear trend in the financial sector,” commented an MC2 Finance spokesperson, adding that MC2 Finance connects traditional finance and DeFi by bringing TradFi standards to DeFi and introducing decentralization to traditional funds.
“By creating a compliant, non-custodial, decentralized fund management infrastructure, we are addressing key challenges in both industries and facilitating the transition to on-chain financial systems.”
MC2 Finance joins the Cointelegraph accelerator
MC2 Finance has joined the Cointelegraph Accelerator, a program designed to help emerging Web3 projects benefit from Cointelegraph’s established media presence and marketing opportunities. Cointelegraph Accelerator selected MC2 Finance due to the expertise of its team and its vision of the potential to disrupt the traditional investment industry using blockchain technology.
Having 14 employees across Europe, the project already has partnerships with several blockchains and DEXs. The platform hosted over a thousand users during its testnet phase, and a full launch is planned for early 2024.