Haven1 is a purpose-built Layer 1 blockchain incubated by Yield App, designed with security and scalability in mind. It combines recourse mechanisms and security guardrails from traditional finance, along with the unique features of the DeFi world, which unlocks previously unattainable use cases.
Haven1 is committed to providing a secure and user-friendly on-chain finance platform that meets the needs of both retailandinstitutional investors. By addressing the core challenges of the blockchain industry, Haven1 seeks to pave the way for the next generation of digital finance.
For example, it enables the creation of decentralized credit scores, which could improve financial inclusion for underserved communities and pave the way for a new generation of on-chain lending markets.
It also opens up new investment opportunities in tokenized real world assets where proof of identity is required. This could include the use of non-fungible tokens (NFTs) to represent property ownership, among other applications.
We also envisage Haven1 facilitating a more efficient global exchange and settlement of traditional assets, such as securities and bonds, through tokenization. The implications of this multi-trillion dollar market integrating blockchain technology will be significant.
Haven1 is perfectly positioned at the forefront of the digital finance revolution, creating an accessible and secure platform utilizing blockchain technology. This approach is seen as essential for the mainstream adoption of Web3.
By emphasizing standardization and security, Haven1 aims to establish a more inclusive and accessible blockchain network for all users, regardless of their technical background. This commitment positions Haven1 as a catalyst for the next generation of digital finance, making it open and approachable for a wide range of users.
Complementary to Ethereum
Haven1 is designed to complement Ethereum with a clear long-term objective: to transition from a side chain, directly into a rollup - that utilizes Ethereum as a global settlement layer.
At present, Layer 2 solutions, such as optimistic rollups and zk knowledge proofs, remain untested technologies that pose potential uncertainties and require further development to address. The timing of Haven1's transition to a Layer 2 infrastructure will be guided by the advancement refinement of rollup technologies.