Affine is a Yield Farming platform deployed on many different blockchain networks, such as: Ethereum, Polygon… Users can simultaneously deposit multiple assets on different DeFi platforms into Affine to maximize profits. profit.
Affine's operating model is extremely simple, users only need to deposit money into a Pool called Basket and the implementation of strategies on many other DeFi platforms to make profits will be handled by Affine. Currently on Affine only Basket USD Earn is active, the remaining Basket projects promise to put them into operation in the nearest time.
Currently on Affine only Basket USD Earn is active and the way it works will include the following 3 steps:
Step 1 : User deposits money to proceed to buy Basket tokens in Basket Vault. Currently, only Basket USD Earn works with USDC token.
Step 2 : User's USDC will be invested by Affine in different strategies on many DeFi platforms such as: Uniswap, Curve Finance, Aave, Compound with the weights respectively: 20% Compound, 35% Aave , 45% Curve Finance.
The strategy of each platform is as follows:
Step 3 : Users can stop using strategies at any time by selling Basket tokens on Basket Vault.
Affine is a multi-chain protocol, so users can easily bring assets to profit on many platforms on many different blockchains. Therefore, the profits generated from this form will be higher than that of traditional Yield Farming platforms, but also contain more risks to users' assets.
Tarik Adnan Moon – Founder: He graduated with a degree in applied mathematics and computer science from Harvard University. In 2015, Tarik Adnan Moon assumed the position of Data Scientist at EDO Inc. After that, he quit his job and focused on developing Affine DeFi from 2021.
Shajal Ahamed – Contributor: He graduated with a bachelor's degree in computer science from Chittagong University. Shajal Ahamed has been a Software Engineer of Renata Limited since March 2017. In March 2019, he decided to quit his job and join many other companies such as itechsoftbd, SELISE rockin' software, Intercloud Limited, AirAsia but only worked for a short time. Until August 2022, he joined and developed the Affine DeFi project as a Contributor.
Prosenjit Chowdhury – Contributor: He holds a bachelor's degree in electrical and electronic science from Independent university Bangladesh. In September 2017, he joined Cliniva Bangladesh as a Web Developer. By the end of 2021, he moved to work for Affine DeFi as a Contributor.
At the end of 2022, Affine successfully raised $1.8 million. Recently on February 23, 2023, the project raised an additional $ 5.1 million from investment funds such as: Hack VC, Jump Crypto, Coinbase Venture...
Currently, information about the project's Tokenomics has not been announced. TraderH4 team will update after official information from the project.
Above is the information you need to know about the Affine project. With a simple design, Affine facilitates users to access a better form of profit. While helping users simplify the process and optimize the profit received, Affine has just been launched and there is not much data to prove its success. Therefore, readers need to research carefully before investing in this project. If you are interested in the Affine project, you can follow the following social networking sites:
Ngoài PancakeSwap, hệ sinh thái BNB Chain còn có một AMM khác có TVL đạt 150 triệu USD chỉ sau hai tháng ra mắt, dự án này được gọi là Thena.
UNQ Club is a project that provides a blockchain platform that allows investors to collect and manage existing NFT assets.
Blockade Games provides a platform that allows developers to create blockchain games. In addition, Blockade Games also creates many interesting free games.
In addition to a cryptocurrency storage wallet, SafePal is also known to many investors for its SFP tokens and airdrop events with attractive rewards.
BENQI is one of the important pieces of the Avalanche ecosystem. Join TraderH4 to find out what BENQI (QI) is as well as detailed information about the QI token.
What is IoTeX? This is a blockchain built and developed in conjunction with the Internet of Things (IoT). Join TraderH4 to learn this article.
What is OKB? OKB is an exchange coin of OKX and the OKX Chain blockchain. Let's learn about OKX and OKB exchanges with TraderH4 in this article.
The fever from Akita Inu in the Crypto market in the past time has created a great buzz along with the rapid development of the "dog house token".
DROPP GG brings an innovative and novel idea to provide an NFT mint platform based on geographies outside of the real world.
CronaSwap is a DEX built on Cronos Chain, which has a similar model to Uniswap.
