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PureFi Protocol

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The fiat value of incoming dapp transactions over a period of time
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Contract Balance
The total fiat value of assets in a dapp's smart contracts
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Blockchain
Ethereum
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News

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Ethereum's Glamsterdam Upgrade Scheduled for Hoodi Test Network

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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.
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What is PureFi Protocol?

PureFi Protocol — a universal compliance protocol for decentralized finance.

Contents:

  1. About PureFi Protocol
  2. What else should you know?

About PureFi Protocol

PureFi — the only DeFi AML protocol for connecting cryptocurrencies. Developed by AMLBot in partnership with the Hacken Foundation, it aims to provide a full cycle solution for cryptoasset analytics. PureFi, as part of a suite of smart contracts, will link KYC / AML providers with DeFi users and Dex / Defi projects to provide cryptoasset analytics and protect fair DeFi players from dirty money risks. Liquidity pool user will be able to avoid the risk of getting an illegal money trail by using a Verifiable Credentials certificate with their full AML / KYC data.

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

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

The PureFi protocol uses 3 main types of users:

Liquidity pool users (LP users) Users, who want to put their coins in the liquidity pool, must prove to the liquidity pool operators that their funds are clean.
Liquidity pool operators (LP Operators) Users who control and manage liquidity pools who want to take liquidity (coins) from LP users, but want to be sure that dirty assets do not end up in their pools.
Issuers - users Focused on cryptocurrency monitoring and can be a trusted party between LP users and LP operators that both will rely on when making decisions under KYC / AML procedures.

Each certificate contains information about the asset price, AML / KYC and other metadata. The verified credential format allows for a selective disclosure protocol, which allows credential holders to share the minimum amount of data required with validators.

What else should you know?

The site contains the WhitePaper document. With its help, any user can study the features of the project. Also, there is a short description on the main page.

From social networks, the community leads:

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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.