The bear market continues, but unique projects continue to be built to make blockchain the technology of tomorrow. Let’s discover Ondefy, DeepSquare and Fluent, 3 promising projects evolving in different sectors such as decentralized finance (DeFi), cloud computing or the banking system and supported by White Loop Capital, a French private investment fund specialized in blockchain.
This article was written in collaboration with White ring capital (Learn more)
The tricolor investment in the blockchain with White Loop
Although cryptocurrencies are still poorly democratized in France, many projects are quietly created and developed in France.
White Loop, a French company based in Lyon, is working to do the world of decentralized finance (DeFi) and more accessible cryptocurrencies in invest in projects by supporting them on various axes such as, among others, financing, marketing, networking, compliance or even in communication so that they can evolve in the best conditions.
In order to expand its capabilities and increase its development, White Loop will be recruiting new members starting October 13th via a form available directly on their website.
Among these projects there are Ondefy, DeepSquare and Fluent, solutions to various problems encountered in our ecosystem. Overview of these projects encouraged by one of the first French and private blockchain investment funds.
Ondefy or DeFi accessible to all
Ondefy is a Swiss company that works to democratize decentralized finance by developing a platform dedicated to DeFi that includes the qualities of a centralized exchangea category often much easier to manage than a decentralized exchange.
In one click, with a simple email address or via a connection to a MetaMask wallet, anyone can access a complete and simplified set of tools on Ondedy to take advantage of the vast world of DeFi without its many complications.
As such, it is You can go through Ondefy to buy cryptocurrenciesgenerates returns with a yield farming system or token swap through an integrated bridge, all on more than 10,000 tokens through the largest blockchains such as Avalanche (AVAX), Polygon (MATIC), Ethereum (ETH) and second level solutions such as Arbitrum o Optimism (OPERATION).
Ultimately, Ondefy combines the advantages of DeFi with the simplicity of traditional control panels to allow users of all skill levels to enjoy their cryptocurrency safely and easily. One of its strengths lies in its section ” Trend tokens », A card dedicated to popular tokens that allows you to classify the cryptocurrencies of the moment according to different criteria.
Overview of the Ondefy interface with the “Trend Token” section.
The platform has been available in beta since June 14 and is enjoying growing interest. It was in particular the subject of a presentation during the DeFi Boat Party in Paris during EthCC Week last July by its CEO Villa Gauthier in front of important players in the blockchain ecosystem. The project also attracted the attention of Owen Simonin, Julien Bouteloup and Mounir Benchemled (CEO of Paraswap).
More recently, in August, Ondefy has partnered with Unstoppable Domainsa must in the world of non-fungible tokens (NFT) which has already allowed the registration of over 2.5 million domain names in NFT.
👉 Find our complete Ondefy presentation
DeepSquare, the decentralized cloud thanks to the blockchain
DeepSquare was born from a clear observation: 76% of cloud computing today is in the hands of tech giants like Google, Amazon or Microsoft.
Therefore, the DeepSquare team felt it necessary that the time had come provide a decentralized, responsible and sustainable alternative the general public and, above all, that the latter can actively participate in the development of the network.
Powered by blockchainan intrinsically safe technology for its operation that guarantees the immutability of the operations carried out, DeepSquare offers a unified interface of professional quality in an ecosystem governed by its community, a unique system of its kind operating thanks to its governance token, the DPS .
In evolution since April on its own subnet through the Avalanche blockchain, DeepSquare enables companies to achieve high computing performance (HPC) in industries as diverse as artificial intelligence (AI), machine learning, financial services (cryptography in particular) or for the metaverse and Web3.
Resolutely geared towards true ecology, DeepSquare optimizes its network to do so use only renewable energy and thus ensure its sustainability.
With its innovative and user-oriented services, DeepSquare has been selected to participate in the exclusive Outlier Ventures program: Basecamp 2022, a very selective program aimed at encouraging and supporting high-potential projects so that they can achieve their goals. Note that this program has seen the passage of now essential blockchain projects such as Brave, Polygon, Filecoin (FIL) or Polkadot (DOT).
Finally, keep in mind that DeepSquare also receives financial support from Outlier Ventures to help them achieve their goal: decentralize and make cloud computing sustainable.
👉 Check out the DeepSquare presentation video:
Fluent, the decentralized, transparent and secure bank
What if it were possible to combine traditional banks with digital assets on an innovative model based on transparency and trust ? This is the challenge that Fluent wanted to take up.
Thanks to its US + stablecoin backed by the US dollar and fully insured with a minimum ratio of 1: 1, Fluent tends to meet the needs of both traditional and DeFi finance through a complete ecosystem governed by a decentralized autonomous organization (DAO) system.
While most stablecoin issuers tend to be in awe of the quality of their financial reserves, Fluent works directly with member banks of the federation, banking organizations that must be able to guarantee the 1: 1 ratio of US + and guarantee the stablecoin burn mechanism in order to maintain its peg to the US dollar.
Also, as part of its partnership with Chainlink (LINK), Fluent allows anyone who wants it check in real time the reserves used to guarantee the US +.
It should also be noted that to reconcile traditional finance and digital assets, Fluent allows everyone change fiat currency with US + and vice versa instantly and without friction. This is possible thanks to a smart contract in charge of ensuring the connection between the 2 assets, all with consistent liquidity offered by Fluent’s banking partners.
This bridge, as discreet as it is fast, makes it easier for users to access money, credit and returns in the real world, making US + a useful stablecoin in traditional businesses but also in decentralized finance.
So with consistent and totally transparent liquidityFluent allows both investors and institutions to use a trust system thanks to 2 different governance tokens.
In the first place, BANK tokens are distributed as NFTs so that partner banks can demonstrate their status as member banks of the Federation and, on the other hand, FLNT tokens that provide voting power on the various proposals of the DAO, which can affect transaction costs, monetary reserves and all protocol specific policies such as liquidity management.
Already recognized by fully-fledged institutions and blockchains, US + stablecoin aims to become the benchmark for transparent and reliable stablecoinsall while maintaining contacts between institutions and investors.
As such, Fluent is already working on integrating its unique system into new banking institutions and further announcements are expected very soon.
Receive a cryptocurrency news summary every Monday via email 👌
This is a sponsored and paid article. Cryptoast has carried out preliminary research on the products or services presented on this page but cannot be held responsible, directly or indirectly, for any damage or loss caused as a result of the use of a good or service highlighted in this article. Investments related to cryptocurrencies are risky by nature, readers should do their own research before taking any action and invest only within the limits of their financial capabilities. This article does not constitute investment advice.