Traditional Finance Integration
Last updated
Last updated
While users can interact with DeFi Wonderland in a totally decentralized, anonymous style if they wish, DeFi Wonderland is also built with a large focus on real-world, enterprise and mass adoption in mind. DeFi Wonderland is very API friendly and focusses heavily on partnering with the traditional finance and business world to bring scale and mass adoption to Wonderland and the Crypto World.
Users within DeFi Wonderland can add fiat funds directly into their wallet, such as Metamask, using a window within DeFi Wonderland provided by licensed and regulated partners in the traditional world such as DeFi Link which currently services 130+ countries legally. Partners providing fiat services will only be selected and integrated if they hold the appropriate licenses or registrations within the relevant user country, and complete required KYC AML processes.
In regions where crypto is totally illegal, no such fiat-partner function will be made available. In countries where it is restricted, in that only citizens can legally utilise limited crypto functions, then only those legal functions will be available. At all times, adhering to the true nature of DeFi, any user can connect their wallet directly and interact with the platform free from any governments - but will not have fiat functionality available unless they KYC.
In regions where more advanced DeFi features such as staking, farming and lending management are legal, relevant enterprise partners will be selected holding the required licenses and registrations, to provide those services using traditional finance systems with DeFi Wonderland yields in the backend.
1. Individuals and businesses from 130+ countries can access the DeFi Link Finance platform, creating an account after completing KYC. They deposit their local currency, USD, AUD, CAD, or Crypto into their multi-currency wallet using bank transfer, debit or credit card, Apple Pay or via crypto.
2. The user in DeFi Link Finance can access education and a range of features such as fiat on-ramp and offramp from crypto, take out loans, pay bills in crypto, or buy, sell, and stake assets for yield. Merchants using DeFi Link can issue invoices and accept crypto as a means of payment using the crypto payment gateway and easily report tax accounting.
3. The Bridge is a decentralized app (dApp) mapping the user identity from DeFi Link to his blockchain wallet address and give them access to the decentralized world where they can benefit from decentralized services within DeFi Wonderland or other decentralized protocols. This gives users the ability to earn high yields in decentralized protocols and monetize them while being able to record transactions for accounting or tax reporting.
4. DeFi Wonderland provides innovative DeFi 2.0 protocols combined with aggregated third-party protocols to provide the highest levels of yield, safety, simplicity and functionality within one single platform. For example, users can deploy a range of high-performing expert-driven and machine learning enhanced investment strategies within the click of a button. Users can access DeFi 2.0 features such as self-repaying loans, unlocking staked value, and insurance.
5. DeFi Wonderland extends the range of DeFi applications into its own metaverse (Wonderverse) where users can mint NFT’s, trade, buy land, visit merchant stores, build their custom realms or stores, and host hangouts or community events.