Among the main features of DeFiner's Taurus product is a non-custodian, trustless savings account, supporting more than 15 crypto assets and stablecoins, allowing users to deposit savings instantly, withdraw at any time, as well as earn interest on assets.
FREMONT, CA: DeFiner.org, the decentralized finance (DeFi) network for crypto savings, loans, and payments, has introduced Taurus, its crypto savings product, with $2m already locked into saving accounts. Taurus, which is launched as a web application, enables customers to instantly deposit assets to accrue interest at a floating market rate, with savings currently earning an average interest of 20-30 percent APR.
Jason Wu, Co-founder and CEO of DeFiner, stated, "The launch of our crypto savings product comes at a very fitting time for our community and users. We can't wait to see users benefit from a trustless savings account, supporting many crypto assets and stablecoins, that allows them to deposit savings instantly, withdraw at any time, and accrue interest."
Among the main features of DeFiner's Taurus product is a non-custodian, trustless savings account, supporting more than 15 crypto assets and stablecoins, allowing users to deposit savings instantly, withdraw at any time, as well as earn interest on assets. Primary customers for DeFiner's crypto savings product would include individual investors, blockchain start-ups, and venture capitalists, all of whom can benefit from a DeFi network aiming to bypass the shortcomings of conventional financial services without sacrificing security requirements and preserving online safety utilizing an immutable blockchain.
Taurus supports more than 15 different crypto assets and stablecoins, including ETH, USDC, DAI, and DeFiner's native token, FIN. The recently launched FIN token has been designed to connect the DeFiner ecosystem. The FIN token is utilized to redistribute profits on the DeFiner network, provide proof of premium for lending and borrowing assets, and also represent voting rights for users.
Wu stated, "The traditional financial system is broken — it battles control from centralized institutions, upholds prolonged trading shut down periods, and offers people near-zero interest on their savings. By introducing true decentralization, we can take back financial control of our wealth. We are proud to provide a highly secure, superior savings platform that is not subject to the limits of conventional financial services."