NeoFi is a CeDeFi bridge on top of the existing DeFi application layer. The CeDeFi layer merges all the transactions of the users on its network and provides users with an unified DeFi experience. All the transactions are settled on the mainnet in one single transaction. NeoFi drastically reduces the barrier to entry for the retail investors. Additionally, NeoFi allows the support for other chains to be integrated and be part of the DeFi ecosystem.
⭐️Through NeoFi⭐️,
1. Users can swap DEX listed tokens without any gas fee
2. Users can interact (stake, lend, provide liquidity etc ) with Defi protocols all from one place and without any gas fee.
3. Users can manage and discover new opportunities in the DeFi space.
4. A user is insured against potential scam exits and rugpulls.
⭐️Market Opportunity⭐️
DeFi has grown considerably in the past few months but the number of users in this space is still very less compared with the total number of people who have invested in cryptocurrencies. According to estimates, there are currently 120+ million investors of cryptocurrency but a mere 1.7 million of them use DeFi. That is the less than 2% market share. NeoFi aspires to unlock DeFi for the rest of the 118.3 million.
Click on the link to know more about DeFi and the problems associated with it also how projects like NeoFi are working to solve the problems in DeFi.