WeFi
Financials
Estimates*
USD | 2022 | 2023 |
---|---|---|
Revenues | <1m | <1m |
% growth | - | 43 % |
Date | Investors | Amount | Round |
---|---|---|---|
* | $1.0m | Seed | |
Total Funding | $1.0m |
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Recent News about WeFi
EditPaxo Finance is a decentralized money market protocol designed to provide investment loan options within the decentralized finance (DeFi) space. The platform serves a global audience, including both lenders seeking attractive, sustainable yields and borrowers looking to invest in digital assets. Paxo Finance operates in the cryptocurrency market, leveraging smart contracts to ensure a trustless and secure environment for transactions. The business model revolves around facilitating multi-pool borrowing, where users can borrow funds to invest in a portfolio of digital assets. These borrowed funds are secured against the portfolio, which is locked in a smart contract until the loan is repaid. This model allows traders to maximize profits in rallying markets and execute asset accumulation strategies during bearish markets. Paxo Finance generates revenue through transaction fees and interest rates controlled by its native governance token, PAXO. The protocol is non-custodial and fully decentralized, emphasizing financial inclusion and automation. Its smart contracts are publicly accessible, making it flexible for integration by various systems, industry decentralized applications (dApps), and ordinary users worldwide.
Keywords: decentralized finance, investment loans, digital assets, smart contracts, multi-pool borrowing, non-custodial, governance token, financial inclusion, cryptocurrency market, sustainable yields.