DeFi, in its current state, is under intense scrutiny from regulators. Without a reliable way to verify identities, there’s a greater risk of fraud and malicious activities. It also slows down the industry’s development as it doesn’t comply with constantly-evolving regulatory standards.
Haven1, a Layer 1 blockchain incubated by Yield App, addresses these headwinds and paves the way for the next generation of secure financial products on DeFi.
With Haven1, secure on-chain finance is finally within our sights. Its provable identity framework allows for greater trust and accountability in the DeFi ecosystem, which is exactly what the current DeFi industry is missing.
Set to launch in Q2 2024, Haven1 is open to anyone who wants to join the revolution.