PureFi Protocol logo

PureFi Protocol

Total Users
- No data available.
Rewards
chest
chest
chest
chest
Volume
The fiat value of incoming dapp transactions over a period of time
- No data available.
Contract Balance
The total fiat value of assets in a dapp's smart contracts
- No data available.
Category
- No data available.
Blockchain
- No data available.
Language
- No data available.
Official links
WebsiteWhitepaper
Social media

News

Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

Ethereum's next major upgrade, Glamsterdam, is set to activate on the Hoodi test network on October 26, marking a significant step in testing changes to block production and execution costs.
user avatar

Miguel Rodriguez

International Crackdown on West African Scam Networks Results in 28 Arrests

An international effort against West African scam networks has led to 28 arrests and the removal of over 37 million accounts linked to fraudulent activity.
user avatar

Luis Flores

Stablecoin Payment Transactions Surge Despite Flat Supply

A new report reveals a significant increase in stablecoin payment transactions, contrasting with stagnant supply levels.
user avatar

Arif Mukhtar

What is PureFi Protocol?

PureFi Protocol — a universal compliance protocol for decentralized finance.

Contents:

PureFi Protocol - advantageous protocol for working with applications

About PureFi Protocol

PureFi — a DeFi AML protocol for connecting cryptocurrency. Developed by AMLBot in partnership with the Hacken Foundation, it aims to provide a full-cycle solution for cryptoasset analytics and AML/KYC procedures in the DeFi market. PureFi as part of a set of smart contracts. It will connect KYC/AML providers with DeFi users and Dexs/Defi projects to provide crypto asset analytics and protect fair DeFi market participants from dirty money risks.

PureFi will be an internetworking protocol, based on the latest industry standards for Ethereum, BSC, Polkadot, Cosmos and Casper Labs.PureFi

Moreover, PureFi will not use information from a single KYC/AML data provider. Instead, the team will be an open marketplace for trusted vendors, providing machine learning analysis to DeFi players.

The PureFi protocol uses 3 main types of users:

Liquidity pool users (LP users) users who want to put their coins in a liquidity pool and must prove to the liquidity pool operators that their funds are clean.
Liquidity pool operators users who control and manage liquidity pools are willing to take liquidity (coins) from LP users, but want to be sure that "dirty" assets do not go into their pools.
Issuers users who focus on cryptocurrency monitoring and can be a trusted party between LP users and LP operators.

In general, the PureFi protocol uses PureFi certificates, issued by issuers to LP users, and allows LP operators to create both manual and/or automatic (on-line) certificate validation. In the case where automatic on-chain verification is applied, the liquidity pool can instantly accept coins and issue LP tokens.

PUREFI (UFI) token

PUREFI (UFI) token — an ERC20 token, minted on the Ethereum and Binance Smart Chain (BSC) blockchain that extends the capabilities of the PUREFI protocol. The key useful feature of UFI - to provide access to PureFi services, circulate on the PureFi protocol, receive new oracles and protocol updates, and enable crypto asset analytics and identity verification. PureFi is proud to introduce a brand new and unique early liquidity protocol for locked tokens. This protocol provides additional benefits to early UFI holders and adds additional liquidity to the ecosystem.

Important disclaimer: The information presented on the Dapp.Expert portal is intended solely for informational purposes and does not constitute an investment recommendation or a guide to action in the field of cryptocurrencies. The Dapp.Expert team is not responsible for any potential losses or missed profits associated with the use of materials published on the site. Before making investment decisions in cryptocurrencies, we recommend consulting a qualified financial advisor.