Home Cryptocurrency Chainlink, SushiSwap execs join non-profit GoodFi to bring ‘DeFi to 100 million people’

Chainlink, SushiSwap execs join non-profit GoodFi to bring ‘DeFi to 100 million people’

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Chainlink, a startup that focuses on bridging blockchain and traditional software applications, announced it will be joining the non-profit organization GoodFi, which is working on bringing decentralized finance (DeFi) to the masses. “GoodFi has all the right ingredients for success: a charismatic leader, a solid plan for distribution, and a clear message,” John Paul Farmer, Chainlink’s VP of Business Development, told Crypto Briefing. “We’re very excited to join the team and share our expertise in spreading the word about DeFi.”

More than 22 developers and executives from decentralized finance (DeFi) projects Chainlink, Aave, Sushiswap and several other crypto-currency projects have joined GoodFi, a non-profit organization founded by decentralized ledger network Radix.

The association hopes to attract 100 million people to the DeFi space by 2025, the company said in a statement.

DeFiImprovement

According to the press release, the advisory board will encourage initiatives to lower barriers for newcomers to cryptocurrencies and increase their understanding of and access to DeFi applications. Open and distributed systems enable great speed and innovation. It’s no coincidence that there are so many projects with talented teams leading the way, says Jay Kurahashi-Sofue, GoodFi advisory board member and vice president of marketing at Ava Labs.

He added: What is missing are unbiased groups that strive for shared value for all manufacturers and users. The decision to join GoodFi on behalf of Avalanche was unequivocal.

Along with the new advisory board, the first version of the user-oriented GoodFi website was launched, with introductory material for those who want to understand and get started with the DeFi.

This initial introduction is intended to explain to new users the value proposition of decentralized finance, the origins of its benefits, and the different levels of risk and benefit that exist. Users are then instructed on how to obtain their portfolio and initial assets, based on their preferred platform and investment amount.

The introductory resources presented today are just the first iteration of GoodFi’s efforts to offer DeFi training. All Advisory Board members are working to create educational content for GoodFi, and new features such as. B. the website’s Matchmaker feature, which helps users find deFi applications, features and asset classes suitable for beginners.

The tool, to be released next month, aims to provide an objective overview of different DeFi options and their associated risks, as well as real-time performance data across a range of proven platforms.

We are excited to be a part of GoodFi to collaborate with others in the ecosystem and help new people navigate the world of DeFi. As the ecosystem evolves, it becomes more important than ever to have good educational resources to bring it to a wider audience, says Isa Kivlighan, marketing manager at Aave.

Three investment methods

All DeFi GoodFi options offer new users three basic approaches to investing in the DeFi, depending on their financial experience and individual risk tolerance.

The former is a safe and stable method of lending stable coins with annual returns of 5-15%. Then there is the moderate method for those willing to take a calculated risk for a higher annual return (10-20%).

Finally, for the more adventurous investors, there is the aggressive approach, which can deliver returns of 30% or more and requires greater exposure to volatile assets. These include options such as crediting WBTC/ETH or padding volatile/non-volatile pairs with automated market makers, the project said.

The DeFi market reached $120 billion last year, supported by dApps and innovative products such as decentralized loans, self-pay loans and several others. However, educational offerings have remained limited, but GoodFi is determined to make a difference.

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Published in: Adoption, DeFi.

Chainlink, SushiSwap execs join non-profit GoodFi to bring ‘DeFi to 100 million people’

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