Decentralized Finance (DeFi) may hold huge potential to solve the problems faced by traditional finance (TradFi). However, DeFi still struggles to onboard new users – both individuals and institutions – due to limitations on the user experience side.
Despite all the innovation and development happening at the infrastructure level, the “DeFi revolution” is presenting users with unnecessarily complex screens that require expert-level technical knowledge.
To reach the mainstream, blockchain protocols need robust infrastructure on the back while offering a smooth, clean, and easy-to-use experience on the front. The easiest way to achieve this is to take a cue from what has worked for TradFi and fintech all these years in terms of user experience.
MC2 Finance, a decentralized cryptocurrency asset management platform, aims to onboard both TradFi users and newcomers to the cryptocurrency space by simplifying the DeFi investing experience. It provides infrastructure for creating digital asset funds that are KYC-free and comply with regulatory requirements.
Asset managers can instantly create non-custodial portfolio structures across multiple blockchains using MC2 Finance and Strategy Trading as a token. Users can then automatically follow expert strategies through their cross-chain wallets. Once a user connects to MC2 Finance using the Web3 Wallet, they are free to explore different token strategies and review risks and valuations to make informed decisions based on their goals.
DeFi needs simple screens
The platform’s simplistic design allows DeFi newcomers to easily mix their strategies through a tidy interface while learning from the community of experts by joining exclusive trader clubs.
The true power of social trading?
It is the art of tapping into the shared wisdom and diverse experiences of a community, empowering individuals to make decisions informed by newfound knowledge.
🤝Share
💡Create
🙌Discover pic.twitter.com/xsFD5YggQd— MC²Fi (@mcsquaredfi) October 5, 2023
The platform features a white-label marketplace integrated with popular decentralized exchanges (DEXs). The integration means increased 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 the safety and reliability of investments. Furthermore, by implementing trading contests, the platform will allow users to access tested investment strategies.
“The digitization and decentralization of all asset classes is a clear trend in the financial sector,” an MC2 Finance spokesperson commented, adding that MC2 Finance is bridging the gap between traditional finance and DeFi by bringing TradFi standards to DeFi and introducing decentralization to traditional funds.
“By creating a compliant, non-custodial and decentralized money management infrastructure, we are addressing key challenges in both sectors and facilitating the transition to on-chain financial systems.”
MC2 Finance has joined the Cointelegraph Accelerator
MC2 Finance has joined the Cointelegraph Accelerator, a program designed to help up-and-coming Web3 projects leverage Cointelegraph’s established media presence and marketing opportunities. Cointelegraph Accelerator chose MC2 Finance because of its team’s expertise and vision of the potential to disrupt the traditional investment industry with blockchain technology.
With 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 is scheduled for a full launch in early 2024.