Affluent, a new protocol built on the TON Blockchain, has announced its launch, promising to simplify access to financial products in DeFi through Telegram.
What is Affluent
Affluent is a money market protocol that enables users to easily manage their crypto assets. It was designed to make DeFi more accessible by providing trustless strategies through the popular messaging platform Telegram.
How the Protocol Works
The core function of Affluent focuses on automating asset allocation and executing yield strategies. Users can deposit their assets into specific vaults managed by smart contracts and professional management, allowing for optimized returns by spreading investments across various lending markets.
Founders' Opinions
Justin Hyun, co-founder of Affluent, stated: "DeFi has gone too far in the name of innovation. Why should people need to understand the complexities of crypto when all they really want is to compound their savings?" Hyung Lee, also a co-founder, added: "We want to become a one-stop money market protocol for users to access world-leading yield."
With the launch of Affluent, Telegram users will be able to easily earn returns on their crypto assets, as the protocol aims to blend traditional finance with DeFi innovations.
