DeFIRE Joins the Touchpoint Open Builders Program

Venturing Into the Future of DeFi

With feeless asset transfer and minting, the Shimmer network comes with two features that DeFi projects can use to create real value for their users. DeFIRE is the latest project to take advantage of these features, paving the way for the future of DeFi.

DeFIRE will address the current limitations of DeFi with the upcoming release of Shimmer EVM: a truly scalable, composable, and interoperable multi-chain network! Thanks to all these novel features, the team wants to make DeFi generally more efficient, accessible, and faster.

Welcome to the Touchpoint Open Builders Program, DeFIRE! Read on to find out the most important facts about the DeFIRE and the people behind it.

One of the most exciting aspects of DeFi is the constant improvement of the user experience. As with any emerging tech, these improvement cycles bring significant usability gains with each iteration. Projects that can keep up with this constant innovation will emerge as the market winners.

This innovation is exactly what we at DeFIRE are committed to. DeFi will only become mainstream if the user interfaces and the entire user experience are significantly simplified. One shouldn't need to have a university degree in cryptography to use a DeFi platform.

DeFIRE will offer something new: the first truly low-touch solution that offers complex investment strategies. With the launch of our BLAZE strategy marketplace, you can pick your desired combination of assets and strategies (a 'container'), invest, and withdraw as you please, all without the need to monitor your investment like a professional trader.

Unlike traditional finance, where the entry barriers are wealth and connections, the entry barriers for DeFi are knowledge and time. We want to change this by creating a series of highly composable and extensible low-touch protocols. Not only do we make it easier to invest but also more efficient. Our mission is to give people back as much of their time as possible without sacrificing their returns.

While building our platform, we followed one credo: How can we maximize usability? But we didn't want to limit ourselves to the user interface. We also knew that we also had to innovate the underlying technology – and we're convinced that we've succeeded in this.

Our approach is based on our own experiences in DLT. DeFIRE was founded by three professionals with both real-world entrepreneurial and DeFi experience. We have chosen to operate DeFIRE as a DAO, meaning that anybody from the community who proves their skills and contributions can rise to an equal footing with the founders. Wilder, one of our writers, is the first example of this approach. We have also partnered with external agencies, including Owls Department for design and 10Clouds for development support.

We’ve been blessed to have many successful DeFi projects lay the foundation before us and we’ve drawn inspiration from projects like Curve, Balancer, Beefy, Alpha Homora, and more. We always perceived the DeFi market as a place where several projects with the same goal work together. Therefore, we never considered other projects to be competitors, but rather partners to fulfill the common goal of achieving mainstream adoption for crypto and DeFi. Products of other DeFi projects will be building blocks integrated into our BLAZE container strategies.

We expect to release BLAZE in Q3 2022, following our seed round. Early adopters will be able to start accumulating gDFIRE, our governance token, and receive rewards on containers with the project launch.

Welcome to the future of financial independence! We are on track to revolutionize how users engage with financial services. We will enable DeFi users to compose a customized portfolio by combining BLAZE containers and then deploy capital for long-term, low-touch growth."

We’re excited about the potential of DeFIRE to break down barriers to DeFi and drive crypto adoption. To learn more about the DeFIRE project, follow it on Twitter or dive deeper into its website.

About Touchpoint

DeFIRE joins the Touchpoint Open Builders Program, offering participants a community of like-minded builders, direct access to experts, knowledge, and general support to launch and scale the next generation of decentralized applications and infrastructure on the Shimmer networks. You can learn more about how Touchpoint works and how to become a part of it here.

About Shimmer

Shimmer is an L1 innovation network providing the core building blocks for a scalable, modular multi-chain architecture. Similar to the IOTA network, Shimmer is built on a UTXO-based parallelized, directed acyclic graph (DAG), guaranteeing higher scalability than conventional Blockchains. At the same time, Shimmer ensures interoperability and composability of L2 smart contract chains, capable of connecting any type of L2 smart contract chain anchored to it. With its unique tokenization framework, Shimmer will become a multi-asset ledger for feeless minting and transfer of native assets without middlemen or crippling gas fees.

The native token of Shimmer is SMR, which serves as the network’s economic backbone, facilitating value transactions and interactions within the Shimmer ecosystem. Shimmer users use the SMR token to launch new DeFi applications, DEXs, NFTs, DAOs, and other dApps.

Disclaimer

Every project that participates in Touchpoint is given the opportunity to introduce itself in its own words. Statements made by projects are not verified by Touchpoint, Shimmer, or the IOTA Foundation and should not be taken as an endorsement. Individuals are advised to always conduct their own due diligence when engaging with any crypto projects.