Introduction

What is DeFi: Decentralized Finance. An industry that leverages blockchain technology to bring innovation in the way we generate wealth and transfer digital currency between us.

Project summary

Traditional banking systems are becoming obsolete as people regain control of their finances. Almost zero-interest rates on your earnings, costly fees and a poor overall banking experience has opened the doors to a completely new way of handling money. New opportunities in the DeFi space have emerged. However, whenever a new technology or industry is introduced, there are always going to be caveats and drawbacks. Not only does regulation take time to catch up, but the lack of maturity, experience, and many times negative intentions by developers will result in losses for those who trusted an initially flawed system.

ValiFi aims to disrupt the DeFi industry and the negative connotations around it. Sadly, those who have been affected by scams and rugpulls have lost trust in the technology that was supposed to make our lives better. All members of this project’s team came together after being scammed on a platform that promised passive income from investment management. They called it “DeFi as a Service” or “DaaS”, and couldn’t deliver on their promise to provide a simple platform where yield is generated without its users having to worry where to diversify and allocate their investments.

ValiFi's mission is to give its community exactly what a “DaaS” platform should be. Realistic ROIs, Sustainability, and a Community-driven system that would deliver passive income with investments and services that are diversified and transparently allocated. The project aims to restore trust and faith in a system which should build wealth across the entire community and not just feed its creators. A public treasury and frequent polls will allow everyone to understand where funds are allocated at all times.