PureFi Protocol

PureFi Protocol

Created using Figma
Created using Figma
Decentralized protocol for compliance via zero-knowledge oracles
Be compliant, remain decentralized, stay anonymous
To be announced
Additional Details
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Platform

About PureFi Protocol

Decentralized Finance (DeFi)  has become more and more popular in the past few months. DeFi refers to all financial technologies that use blockchains and cryptocurrencies with the same aim in mind: to make cryptocurrency decentralized and independent from regulation by any financial agencies.

Decentralized Exchanges (DEXs), yield farming, stablecoins,  lending platforms, wrapped coins and prediction markets are the most popular DeFi projects. The Ethereum blockchain serves as the base for the majority of applications.

DEX (decentralized exchange) is a blockchain-based peer-to-peer (P2P) online service that allows users to make direct cryptocurrency transactions between each other. DEXs don’t require users to pass know-your-customer (KYC) and are not custodian entities, unlike centralized exchanges. DEXs only provides the protocol that enables transactions. To be clear, users can easily create wallets and start trading without disclosing personal data.

According to the statistics, by Q1 '21 the overall monthly trade volume has almost tripled compared to the one as of December 2020 ($25 billion). The average daily DEX trade volume grew from $0.71 billion to $2.26 billion — a quarterly rise of 318%. Uniswap, the most popular DEX at the moment, had more volume than Coinbase, the most credible Centralized Exchange of the whole cryptomarket.

All that’s happening put DeFi under the radar of regulators and governments. Since most DeFi platforms ignore Know-Your-Customer (KYC) or Anti-Money Laundering (AML) procedures, they begin to foresee such transactions as a new haven for illegal activities.
In this context, the FATF declares to the G20 that jurisdictions must update requirements in order to implement AML/CFT mitigating measures. Furthermore, a new draft of the European Commission MiCa could restrict EU citizens from accessing DeFi projects. At least if they do not agree with the proposed strict legal regulations.

Activity

Followers:
27 116
VERY HIGH
Tweets:
122
MEDIUM
30 Days Growth:
14289
Members:
35 183
VERY HIGH
30 Days Growth:
22194
Alexa

Rank:
847 226
LOW
Delta:
0

PureFi Protocol Team

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Slava Demchuk
CEO / FOUNDER
unverified
Mykhailo Tiutin
CTO / CO-FOUNDER
unverified
Dunstan Teo
CHIEF STRATEGY OFFICER
unverified
Sasha Antropov
CO-FOUNDER, BDO
unverified
Aaron Leve Yahalom
REGTECH STRATEGIST
unverified
Anastasia M-Lorentze...
CMO
unverified

Advisors

Verified 0%

Attention. There is a risk that unverified members are not actually members of the team

Rasikh Morani
TECHNICAL ADVISOR
unverified
Serge Ajamian
ADVISOR
unverified
Vilma Mattila
ADVISOR
unverified

PureFi Protocol Last News

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