Cardashift is excited to announce its new partnership with VyFi to support the development of sustainable communities and give our products and services a new dimension.
Cardano plans to introduce crypto to new and primarily unbanked populations, particularly in Africa and Asia. Many of these newly adopting Cardano individuals have never held a bank account, let alone used DeFi. VyFi plans allow them to easily use and learn notions in front of them, while letting intermediate and advanced users have their respective levels of desired controls. For example, their vaults provide two significant functions: assisting newcomers in accessing more complex tools while giving an option for traders to generate the average return offered across the ADA ecosystem automatically.
VyFi is dedicating time, skills, and coordinating resources in order to introduce new users to DeFi in a structured manner and educate them about the risks involved by DeFi. According to them, “DeFi platforms tend to lack intuitiveness and have a rather large barrier to entry.” Through their integrated automated layer backed with educational material, the Vy ecosystem aims to engage new users with DeFi step-by-step.
Fundamental to the philosophy of VyFi is the concept that DeFi is built for the world, to change the world. It will be exemplified by offering users access to an educational learning management system (LMS) for how to engage with DeFi products safely and elementary education on managing oneself with the crypto market.
“VyFi is a pioneer in DeFi on Cardano and we are excited to begin a partnership with them. There is a wide field of possibilities in the future for our impact projects, and we are looking forward to moving ahead with them. We will work hand in hand, to support and promote our accelerated projects for example. ” — Vincent Katchavenda, co-founder of Cardashift
Cardashift and VyFi share a common goal for the future: allowing the development of the Cardano ecosystem while responding to existing issues and future needs.
About Cardashift
Cardashift is a community-run launchpad that raises funds, builds, and accelerates startups that are solving social and environmental issues.
Cardashift is based on Cardano, the blockchain platform for change-makers, innovators, and visionaries.
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