Singapore – Jan 18th, 2023 – ZaynFi, a decentralized finance (DeFi) protocol focused on building simplified & inclusive DeFi products has successfully secured a strategic pre-seed investment round for the first stablecoin yield optimizer on Binance Chain (BNB).
The round brings together key stakeholders, well-established in the FinTech ecosystem, aligning with ZaynFi’s vision of simplifying DeFi yield farming for the masses.
Central to ZaynFi’s solution is creating an inclusive DeFi ecosystem that is user-friendly for first-time DeFi users and those users who require Shariah Compliance when interacting with DeFi. The protocol aims to provide an alternative venue for users to earn above-market yields on their stablecoins.
The strategic funding round was led by Cur8 Capital, the London-based venture investing arm of Islamic Finance Guru and a prominent global venture capital fund with a track record of investing in fast-growing technology companies.
ZaynFi Aims to ReDEFIne the DeFi Experience
ZaynFi is founded by an experienced team of FinTech veterans and DeFi natives who are on a mission to simplify the process of DeFi yield generation, which has often been clouded with complexities. This challenge has hampered the mass adoption of decentralized finance, which has been touted as the next frontier of finance.
“We are here to help existing DeFi users & the masses come onboard the world of DeFi and bring a new wave of liquidity to Decentralized Exchanges. This will be achieved through ZaynFi’s end-to-end service which takes care of Liquidity Pool selection, depositing into Liquidity Pools, staking LP Tokens and switching to better performing Liquidity Pools from time to time.” — Syakir Hashim, Co-Founder of ZaynFi.
What’s in Store?
The team at ZaynFi has spent the last couple of months creating an MVP, with a private beta being rolled out at the start of the month to stakeholders. A public beta is planned to be rolled out next week exclusively for ZaynFi’s Telegram Community members which counts for more than 88,000 users.
Interested users can follow ZaynFi’s Twitter page (@ZaynFinance) and its official Telegram group for the latest updates.
ZaynFi is the first stablecoin yield optimizer on BNB Chain, allowing users to access the world of DeFi in a simple, safe & inclusive manner. Focusing on the key principle of simplicity and composability, ZaynFi aims to open up the world of DeFi to the masses, enabling first-time DeFi users to utilize and benefit from DeFi products and services.