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Newly Listed DeFi Play Converted These Billionaires From Crypto Skeptic to Major Investors

Easy-to-use platform gains support from Argo Blockchain and FTX founder and crypto billionaire Sam Bankman-Fried

What made Sam Bankman-Fried  completely change his tune on crypto and DeFi?

It had to be a BIG money-making opportunity.

Why?

Over 72% of US accredited investors are planning to invest in DeFi in 2021.[6]

No surprise, since the total valued locked (TVL) in DeFi jumped over 1,156%[7] since the start of 2021 to over $83 Billion!

Meanwhile, more major institutions are wading into DeFi waters every day.

And as the founder and CEO of the crypto exchange FTX, Bankman-Fried is someone you want in your corner. He’s worth an estimated $8.7 billion and manages $2.5 billion through Alameda Research, a quantitative crypto trading firm he also founded in 2017.

His companies don’t move slowly, and this next one could very likely follow suit. FTX has been on a run of acquisitions lately, valuing the company at ever-loftier heights.

FTX is nothing if not high-profile, with deals bringing Tom Brady and Gisele Bundchen on as long-term investors.[11] The firm is valued at $18 billion after its latest funding round that included Softbank among 60 other high-profile investors.

Making DeFi Easy, Generating Yields & Attracting Major Investors

As Business Insider put it, “The company is working to find a commercial solution to DeFi investing, enabling anyone who has a wallet to wrap their assets and utilise DeFi’s benefits automatically and in a compliant way.”[12]

Their big competitive advantage is the easy-to-use dashboard platform.

Existing DeFi applications are built for crypto traders and experts. That’s preventing a MUCH bigger market from adopting DeFi.

That’s why the first goal of this platform is to remove the complexities from the DeFi space.

Then it enables ordinary people to lend, borrow, earn interest, track performance, and trade assets through smart contracts that can be more efficient than traditional financial products.[13]

On top of that, WonderFi’s platform is “non-custodial”.

That means the platform never takes ownership or full control over users’ assets.

Instead, the users have control because only they have the private keys needed to access their assets.[14]

Once users have assets in the platform, they’ll find educational resources to help them understand the DeFi options they can leverage.

For example, unlike ETFs, this has the ability to stake digital assets and generate yield using a variety of strategies available within the DeFi ecosystem, including smart contracts on platforms like Ethereum and Solana.

The business model and unique platform is obviously getting investors excited.

On March 9th, they raised C$2 Million[16] in their seed financing round.

Then less than 3 months later, they closed a private placement for C$17.7M[17].

7 Reasons Why This Could Be the Next Big DeFi Play

  • Large, Disruptive & Rapidly Growing Market: Total valued locked in DeFi up 400%+ since the start of 2021
  • App Poised to Bring DeFi to Mainstream Audience: Solves DeFi’s biggest problems – fragmentation and complexity – giving users access to the best parts of DeFi without the need for crypto experience
  • Big Backers: Billionaire Sam Bankman-Fried is investored. Bankman Fried’s FTX, valued at $18 billion, is a powerhouse in the crypto space and Sam is a crypto king.
  • Assets on the Balance Sheet: By earning interest through digital assets this company holds, they give public market investors exposure to DeFi asset
  • Well Funded: Raised $28M CAD already this year
  • Lower Customer Acquisition Costs: Josh Richards has audiences in the tens-of-millions that can bring DeFi to the intergenerational masses for less, driving down customer acquisition costs
  • Board Stacked with Public Company & Crypto Heavyweights: Includes Sean Clark, co-founder & former CEO of Hut 8, the biggest bitcoin miner in North America, and Mark Binns, CEO of BIGG Digital

Now is the time to get in front of this.

Sign up to receive more information about this innovative young company that is poised to lead the exploding DeFi market.

 

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