Unlocking New Potential in DeFi

Collateralized Loans, Simplified Investing, Diamonds

Let’s take a look at three projects in the Launchpool Web3 Techstar Accelerator program, that are all based on new ideas for Decentralized Finance (DeFi).

(Read our earlier story on projects related to the “Creator Economy” here.)

On June 30, Techstars held a demo day in Dublin, Ireland, with participation from nine potential startups in Web3, including the three we are putting in the spotlight here:

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Eczodex Cambridge

Founder: Michael Quartey

Description: Eczodex Cambridge tokenizes data assets for value investors, connecting the worlds of Traditional Finance and DeFi. Eczodex allows users to borrow funds for DeFi investing using their financial assets as collateral.

The users then select different investment strategies based on personal preferences, ranging from a slow and steady plan (low-risk, 2% APY historical return) to an aggressive approach (high-risk, 10% APY historical return).

The assets accepted as collateral include stocks, ETFs, commodities, and funds, and the collected assets are held by a regulated third-party custody provider.

Blockchains: Ethereum, Ethereum Virtual Machine (EVM) compatible chains

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Securo Finance

Founder: Victor Lee

Description: Securo Finance brings an all-in-one dashboard with an API integration that simplifies crypto investing by using DeFi indices.

The Securo Finance Portfolio consists of 3 indices which they refer to as the three SFFs (Securo Finance Funds), each focussing on different crypto assets.

The SFFs include:

• Low-risk Crypto Index (LCI): Stablecoin yield farming
• Market Weighted Index (MWI): Capitalization-weighted index that tracks the performance of decentralized financial assets across the market.
• Blockchain Network Index (BNI): Exposure to major layer-one blockchain utility tokens.

“Nine of 10 crypto investors are frustrated with decentralized finance. We suffer the same problem when we are investing in different DeFi protocols on multiple blockchain networks. Family offices and crypto funds are seeking exposure to DeFi investments and struggle with smart-contract complexity, security, compliance, and regulation,” the head of Securo Finance told BSC News.

“Securo is building the foundation for Web3 finance by focusing on the DeFi infrastructure, integration with third-party decentralized applications (dApps), and connectivity with APIs. This allows investors to integrate DeFi into their financial portfolios, i.e., custodial of their investments, fiat-to-crypto on ramps, and portfolio analytics, seamlessly integrate with existing workflows.”

Blockchains: Ethereum, EVM compatible chains

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Your Diamonds

Founder: Tim Goodman

Description: Your Diamonds unlocks liquidity, transparency, financial data, and cash flow finance in the diamond industry. This protocol allows users, including diamond jewelry traders and private customers, to access new pricing information across smartphones, tablets, and desktops.

“We are making a market for lenders and borrowers to lend and borrow on a decentralized ledger using our proprietary valuation engines solving a big Web3 problem, how to automate the valuation of real assets,” Goodman said.

“We are creating a new financial system by transferring trust in humans to trust in a certified asset starting with diamonds. I believe that diamonds are just the beginning. The opportunity to democratize and digitalize money lending is upon us. Early days but I believe this process will take over from traditional banking within five years. The banks can either go with this or find a new reason for their existence.”

Your Diamonds provides information such as pricing data, access to cash-flow finance, and a suite of tools accessible from any device.

In layman's terms, they use up-to-date, objective and transparent market data to show prospective diamond jewelry customers the fair price for a diamond, and to get a valuation of their diamonds.

Blockchain: To be disclosed.

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What is Techstars:

Techstars is an investment and innovation group connecting entrepreneurs, investors, corporations, and city governments to solve challenges across industries and geographies. They pioneered the accelerator program model in 2006, working towards their vision of a connected global economy of innovation.

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