What Is MeanFi?
MeanFi is a Self-Custody, Permissionless & Trustless Bank. It incorporates Cryptocurrency and Decentralized Finance (DeFi) to everyday banking and transactions. It uses the Mean Protocol to conduct all its transactions and trades.
What Is Unique About MeanFi?
MeanFi uses the Mean Protocol, which provides the basis for developers to bring TradFi (which includes the standard banking formats like retail, commercial and finance technology; they are all centrally regulated) workflows into their DeFi (the decentralized networks based on the blockchain) apps. MeanFi gives everyday banking users the best and easiest experience to use DeFi and is based on functions using Solana.
What Does It Offer?
MeanFi offers the following unique services-
- A Hybrid Liquidity Aggregator with over $3.8 billion available liquidity.
- A Decentralized Currency Asset with consideration of Dollar-Cost Averaging (DCA) for users to invest for any time, whether daily, weekly or monthly.
- Money Streaming to accommodate recurring remittances and augment the finding and pays for businesses.
- Over 100 unique and efficient routes that are designed to consider and optimize for the best price, fees and slippage.
- It does not require any special login or a Know Your Customer (KYC).
Who Backs MeanFi?
Three Arrows Capital, SoftBank’s SB Opportunity Fund, and DeFiance Capital, Skyvision Capital, Solar Eco Fund, Sesterce Capital, Big Brain Holdings, Gerstenbrot Capital, a41 Ventures, Solanium Ventures, MEXC, PrimeBlock Ventures, Gate.io, LPI, Solana Labs, SuperteamDAO, and Synthetify have invested in MeanFi.
Is MeanFi Worth Using?
MeanFi gives its users a myriad of features while giving them the option to compare across multiple exchanges to get the best price. The Mean Protocol is one of the most user-friendly interfaces available to help users. It is definitely worth using to manage your liquid and crypto-assets.