A market -based market protocol wants to make a telegram messaging platform that is a super app for decentralized finances (DEFI).
The rich, accessible as a mini app inside the Telegram, debuts as a kind of “smart bank for crypto,” which serves as a one-stop hub, which provides pools and yield techniques, according to an email announced Monday.
One of the rich co-founders is Justin Hyun, former Director of Ton Foundation, formed to continue the network development when it Telegram abandoned in 2020.
In conjunction with his colleague Hyung Lee, co-founder of the Defi Research and Development Project B-Harvest, Hyun said in an announcement that the rich are aiming to make the telegram “Financial Super App, using Crypto to provide daily savings to retailers and sticky liquidity for institutions.”
A super app is a mobile or web application that offers many services on a platform, such as Grab or Uber. In the financial world, Tencent’s Wechat is a well -known example of an app that offers instant messaging, a digital wallet, mobile repayment, loans, credit marking and more.
One of the most commonly mentioned impediment to the wider adoption of the DEFI is the user’s frequent experience. Therefore, developers may attempt to deal with it by centering products within apps that they know users can easily navigate, such as Telegram.
During its development, the foundation administered, the telegram maintained tonne at the length of the arm, emphasizing that it was a separate creature. However, in September 2023, Telegram Formally advocated ton as a blockchain selected For web3 infrastructure.
Read more: Telegram has signed a $ 300m deal with Elon Musk’s Xai to include its messaging app, ton up 16%
