HaloFi Insight

HaloFi (website) is a DeFi platform that aims to make wealth growth accessible and engaging. The platform is designed to be user-friendly, catering to both regular savers and long-term investors. By using blockchain technology and smart contracts, HaloFi ensures that users are in control of their financial future. The platform stands out for its unique approach to savings and investment, offering rewards such as yield and badges to dedicated savers and investors. This gamified approach to finance helps users improve their financial habits and achieve their personal financial goals.

What sets HaloFi apart from its competitors is its commitment to making DeFi accessible to everyone, regardless of their level of expertise. The platform is designed to be easy to use and understand, even for those new to cryptocurrency. By leveraging DeFi protocols and incorporating familiar concepts like goal-based savings, HaloFi provides a reliable personal finance platform that remains stable even during market instability. The vision for HaloFi is to be the go-to platform for anyone looking to grow their wealth with crypto, providing the tools and resources needed to confidently navigate the world of DeFi without relying on risky centralized parties.

HaloFi has already saved over $3.5 million through their platform. The platform has also successfully raised a seed round of $1.25 million from a series of strategic investors. These funds will be used to expand the team, develop the product further, and onboard the next wave of DeFi users.

The team behind HaloFi includes co-founders Rachel Black (CEO), Francis B. Odisi (CTO), and Giel Detienne (DeFi). They bring a wealth of expertise and a shared vision of empowering users to take control of their financial future.

Since its inception, HaloFi has achieved several significant milestones. The platform has simplified funds transfer by integrating with Front, making it easier for users to transfer crypto from exchanges like Coinbase, Binance and Kraken into their own wallet on Polygon. HaloFi has also integrated with Valora, allowing users to track their deposits in the Valora mobile wallet. Additionally, the platform has boosted cUSD returns by enabling a profitable yield strategy using Curve Finance on Celo. HaloFi has also embarked on pilot projects in Africa and beyond, collaborating with impactMarket and GoodDollar to drive financial education and incentivize savings in Africa. These initiatives hint at the potential for HaloFi's expansion in the continent.