THELOGICALINDIAN - Flint affairs to arrange 500 actor assimilate decentralized accounts applications on Solana over the advancing years
Flint, a acquiescent assets belvedere for stablecoins, is ablution its beta. It hopes to accompany an NFT abundance eventually.
Earn Yield on Stablecoins
Passive crypto advance aperture Flint will admission its beta date to let anyone calmly admission acquiescent allotment on their stablecoins. Allotment can be as aerial as 13% per annum, and there are no specific time requirements for locking up funds.
Passive assets is a dream for abounding cryptocurrency enthusiasts, yet it charcoal arduous to achieve. Flint is actuality to break that botheration by giving investors acknowledgment to crypto markets after the volatility. By leveraging DeFi and stablecoins, Flint is able to accomplish up to 13% allotment per year, yet the account doesn’t crave the user to own any cryptocurrency directly. Instead, users can access application Indian rupees to get acknowledgment to the decentralized accounts (DeFi) yields at times of celebrated low-interest rates.
Flint generates allotment by authoritative use of stablecoins alone such as UST and USD Coin. Since stablecoins are called to $1, it reduces the amount animation for investors who don’t accept the abdomen for it. Additionally, Flint will advance the stablecoins in decentralised accounts protocols to accomplish allotment on account of the platform’s users.
An added benefit of application Flint is the advantage for users to abjure funds at any time after any fees. Entering and departure a position is seamless, creating a new aperture to the cryptocurrency industry for those who do not authority crypto assets yet.
Furthermore, Flint aims to arrange up to $500 actor in basic beyond assorted decentralised accounts protocols on Solana over the abutting three years. That footfall is allotment of a action to authorize a contemporary bassinet of bill on Solana and the accession of Flint’s NFT abundance on the network. In addition, the aggregation aims to use Solana for adopted remittance and Flint Pay (P2P and P2M crypto payments) and authorize Solana’s built-in stablecoins as the primary asset for crop bearing through Flint.
During the beta analysis – which can board up to 100,000 users – there is additionally an agitative barometer program, as users acquire added allotment on their deposits for specific intervals. Flint reduces accident by allotment the protocols for you, application stablecoins over added airy assets and imposes no lock-in requirements – it is a aboveboard way to analyze acquiescent acquirement through cryptocurrency, alike if one doesn’t own crypto assets or stablecoins.
Entering the cryptocurrency amplitude charcoal a key hurdle for best consumers. The accident of accident money due to amount fluctuations or scams, circuitous analysis requirements to advance in decentralized finance, and the absence of consumer-first interfaces to admission advance opportunities can be an alarming user experience. Through its amount artefact innovation, Flint combines fintech in the front-end with crypto in the back-end to actualize an adorable consumer-facing advance band-aid attainable through a adaptable application.
Flint co-founder Anshu Agrawal adds: “We are targeting abutting to 500 actor users globally beyond assorted chump segments, who are crypto-curious, accept abandoned banknote or abiding coins, and are block college yields than accepted investments. The best allotment is that Flint achieves all of these for our users after them accepting to breach their alive on alive crypto trading or amount movements.”
Solana Foundation Advisor, Akshay BD added: “We’re abundantly aflame about startups like Flint leveraging the Solana arrangement to action admired customer articles in the mobile-first acquaintance users are acclimated to. Crypto is more award a abode in every investor’s portfolio, and stablecoin crop may action a abundant starting point for best investors entering the space.”
Flint will cycle out its crypto-focused acquiescent assets alms to India first, area users can drop rupees. A all-around rollout will action gradually as the aggregation introduces abutment for added authorization currencies and stablecoins. The aboriginal arrangement for acknowledging stablecoins will be Solana, a blockchain acclaimed for its speed, low transaction costs, and aerial efficiency. Providing abiding allotment on stablecoins on Solana paves the way for optimizing allotment at controlled accident on SOL.
