Launches: SaFi - Saving Finance

Funding Proposals Grants
1

Name of Project / DAO / Company

SaFi - Saving Finance

Your new favorite savings accounts. low-risk and insurance

Application type

Product Launch & Investment

Proposal overview

SaFi (Saving Finance) is an Stable Savings Dapp, that autonomously cross-chain buys stable coins and then places them into the highest yielding opportunities for each coin, also Integrated with leading protocols.

SaFi uses lending and interest protocols built on multiple chain to give users the ability to earn and automatically re-direct interest to the causes they support while keeping control over their money. SaFi is a user gateway to decentralized finance (DeFi).

SaFi

  • Diversified exposure to some of DeFi’s low risk-adjusted yields sourced by strategist, minimising your risk to any particular stablecoin and vault

  • Monthly rebalances to chase the highest yields, managed and paid by us

  • Low-gas entry and exit, paid by us

  • Insurance

  • Deposit using Stablecoins or $ONE

  • Only invests in Vaults with at least $5M in TVL

  • SFI (Saving Finance Fund) token rewards for new users

  • No prior experience needed

  • Trustless smart contacts

  • Multi-chain support

  • Beautiful and minimal user interface

  • Your new favorite savings accounts

SaFi is currently under the very early stages of development. we need frontend developer and marketing team

Proposal ask

$50K to $250K

Why do we require the funds

We are fully self-funded and so far we’ve spent a little over 7K USD on this project in few months. This money was utilized for:

  • Development
  • Designing
  • Hosting
  • 3rd party services

We require additional funds for the following things:

  • Further development of SaFi and other projects by SaFi
  • Hiring
  • Marketing
  • 3rd party apps

Metrics for success

We plan to target people who have never been involved in online investment and cryptocurrencies in any way. This mostly includes gen-z and millennial.

Bringing financial freedom and introducing DeFi for gen-z, Hitting $10M TVL, Active Community

Services/Product

Web Wallet/DAPP

  • Earn more and save faster with a [high yield interest account]
  • Low-risk savings account
  • Similar to a savings account at a standard bank. Our app will accept and use Stablecoins and other Cryptocurrency as well including Harmony $ONE.
  • Money in a bank earns next to nothing. Putting your funds in SaFi earns up to [ 23% APY ].
  • SaFi puts your money to work for you.
    We pass the interest back to our users. Fair, transparent and community minded.
  • Deposit and Withdraw your funds anytime

More soon…

Project Timeline:

  • Front-end design (done)
  • HTML designs (in progress)
  • Smart contract (in progress)
  • Development (in progress)
  • Beta testing (pending)
  • Launch (pending)
3 Likes
2

SaFi: Community Poll

  • Yes
  • No
  • More info needed
0 voters

For “More info needed”, please Reply to ask your question

1 Like
3

this is similar to binance savings?

4

For “Launches” category, follow the funding amount guidelines:

500 Launches ($20M). Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit. We recommend a $50K equity-free contribution each: $10K after launching a feature-complete product on our testnet, $10K after mainnet launch, $10K after forming a DAO with its community, and $20K for after 10K users.

1 Like
5

@silvaazzurri can you describe your timeline in terms of milestones (Q3 2021) and metrics for success (active user count) based on Li’s comments?

6

@mrf
Yes, You can earn interest on deposit just like a Binance flexible savings but with one key difference. Instead of 3-5% interest rates at Binance earn (stablecoins), we offer you up to 23% interest on savings.
It’s easy! Just deposit to your SaFi wallet and you’ll earn.

Timeline:
Phase 1
Savings and Loans system (in progress)
Multichain Web Wallet
UI/UX improvements and fixes
No signup required. Login with Address for basic functionality.
Initial development and testing

Phase 2 (2022):
Deposits via credit cards
Withdrawals to bank accounts
Multiple languages and internationalization
SaFi Payment System (wallet / payments in Whatsapp, Telegram, Keybase, Discord, Slack and Twitter)

1 Like
7

@silvaazzurri Unfortunately we don’t fund ideas, and at minimum we fund based on these guidelines

500 Launches ($20M). Applications of each launch must have prototyped a feature-full product. Harmony helps incubate these founding teams with product development, fundraising, and talent recruit. We recommend a $50K equity-free contribution each: $10K after launching a feature-complete product on our testnet, $10K after mainnet launch, $10K after forming a DAO with its community, and $20K for after 10K users.

That means the first traunch of funds won’t be released until it is complete and launched in Testnet ($10K). Does this work for you?

8

Closing topic. We look forward to the proof-of-concept you’re developing, especially interested in the blockchain mechanics you’ll use before we a Launch category. We look forward to have you circle back in 3 months with a revised proposal.