We are witnessing a new stage of development in crypto as a part of global finance, with the DeFi world becoming a prominent element of daily life. The crypto world today is divided into two universes – centralized finance (CeFi) and decentralized finance (DeFi), and we, at Choise.com, are working on building a bridge between them to give everyone the choice to earn more.
Thus, during Q2 our team continued diving deep into developing the MetaFi ecosystem, aggregating the most profitable crypto solutions of the industry, regardless of their complexity, under one roof. Below, you will find a number of notable Q2 updates. To tell the truth the progress is tangible!
We are sure – we are headed down the right path.
Choise.com DeFi ecosystem is now presented by a unique development platform Charism. It enables users to exchange tokens at attractive prices, efficiently transfer assets between different networks, analyze investments, yield and risks, enter the chosen products and make forecasts – all that through a super friendly user experience.
In Q2 we launched and finalized the Charism Beta Test with more than a thousand participants.
Having received the feedback, we may say that the Charism was highly welcomed by the users. Most of them noted great opportunities the platform offered, secured by the following solutions:
- Swap aggregator
- Bridge aggregator
- Earn aggregator
- Transaction builder (Smart pools)
- Web 3.0 interest accounts
Swap aggregator allows to swap digital assets at attractive rates and liquidity offered by decentralized exchanges (DEXs). It is integrated with Yearn.
Bridge aggregator allows users to move their assets between different blockchains, at the attractive rate.
Earn aggregator gathers vaults (Yearn, Autofarm), liquidity pools (Curve, Uniswap), income (Barnbridge, ElementFi) and renders them at the unified UI. The service presents earn opportunities with the filter option (by blockchains, TVL and APY).
Transaction builder is a contract that allows users to swap and log in to a Yearn product in one transaction – fast and convenient. The service solves the problem of exchanging various tokens while entering earn products and enables super easy access to high-yield instruments.
Another feature – yet limited – of the Charism is Web 3.0 interest accounts located in the Earn section. They allow users to receive up to 26% APR on USDT, USDC, CHO tokens.
The offer is limited because of the existence of the cap – 5 mln USD. The minimum interest account amount starts from 200 USD, and the interest is paid once at the end of the period.
In Q2 we continued developing our centralized finance infrastructure and presented the following products (some of them are still at the Private Beta Test stage):
- Interest accounts with up to 15% APY
- Crypto price insurance
- Dual-currency interest accounts
- NFT interest accounts
USDC and USDT interest accounts offer up to 15% APY – one of the most attractive rates on both traditional (~2%) and cryptocurrency markets.
Crypto price insurance is the opportunity to insure the amount of BTC or ETH a user wants to buy for a certain period of time. If the price of a given coin appears to be less than the insurance price at the time of expiry, Choise.com will cover the losses. The product will be open to the public in Q3.
Dual-currency interest account (DCIA) is a short-term product. It combines a crypto market interest account with a currency option to provide a higher yield than that available for a standard interest account.
DCIA mechanics is as follows: when a user purchases the product with BTC or ETH, the yield is secured, and the settlement currency is being altered. If the settlement price is higher than the linked one, the user receives the return in the investment currency.
The product – the same as Crypto price insurance – plans to be launched in Q3.
NFT interest accounts is the first ever product of such kind providing users with the opportunity to buy NFT at a certain price, and to earn APY according to the NFT terms.
All the user needs is to mint a token to receive a unique NFT with the interest account characteristics to the MetaMask wallet. At the end of the term we will exchange the NFT for the amount of your interest account plus interest.
In our journey to fully fledged Choise.com DAO, we launched DAO Forum to support the process of bringing the best ideas to life.
Choise.com DAO is a decentralized autonomous organization that will give ALL users an opportunity to vote equal to their ownership of CHO tokens.
Hundreds of members are already in and actively contribute to the development of the project.
Currently, we work on the Ambassador program to prepare the launch in Q3 2022.
More exciting updates and products are yet to come, stay tuned not to miss them! Follow us on Social Media.
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