Decentralized Finance (DeFi) may have great potential to solve the problems faced by traditional finance (TradFi). However, DeFi still faces difficulties in attracting new users, including retail and institutional users, due to its limitations in user experience.
Although all innovation and development occurs at the infrastructure level, the “DeFi revolution” presents users with unnecessarily complex screens that require expert-level technical knowledge.
To become mainstream, blockchain protocols need robust back-end infrastructure while providing a smooth, clean, and user-friendly experience on the front-end. The easiest way to achieve this is to borrow what TradFi and fintech have proven effective in user experience over the years.
MC2 FinanceIt is a decentralized crypto asset management platform that aims to attract TradFi users and crypto novices by simplifying the DeFi investment experience. It provides the infrastructure for creating KYC-free digital asset funds that comply with regulatory requirements.
Asset managers can use MC2 Finance to instantly create non-custodial portfolio structures across multiple blockchains and trade strategies as tokens. Users can then automatically follow the experts’ strategies through their own cross-chain portfolios. Once users connect to MC2 Finance using 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 simple design allows DeFi newbies to easily mix up their strategies through a clean interface, while learning from a community of experts by joining an exclusive trader club.
What are the real advantages of social trading?
It is the art of harnessing the shared wisdom and diverse experiences of a community to enable individuals to make informed decisions using newfound knowledge.
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The platform features a white-label marketplace integrated into 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 provides automated auditing and strategy verification to ensure the safety and reliability of investments. Additionally, by implementing trading competitions, the platform will allow users to gain access to tested investment strategies.
“Digitalization and decentralization of all asset classes are clear trends in the financial sector,” a spokesperson for MC2 Finance said. He added that MC2 Finance is building a bridge by bringing the TradFi standard to DeFi and decentralization to traditional funds. The bridge between traditional finance and DeFi.
“By creating a compliant, non-custodial and decentralized fund management infrastructure, we are solving key challenges in both areas and facilitating the transition to on-chain financial systems.”
MC2 Finance joins Cointelegraph accelerator
MC2 Finance has joined the Cointelegraph Accelerator, a program designed to help budding Web3 projects benefit from Cointelegraph’s established media reach and marketing opportunities. Cointelegraph Accelerator selected MC2 Finance due to its team’s expertise and vision for the potential of using blockchain technology to disrupt the traditional investment industry.
The project has 14 employees in Europe and has established partnerships with multiple blockchains and DEXs. The platform has more than 1,000 users in the testnet phase and is expected to be fully launched in early 2024.
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