KardiaChain announced a strategic investment in FATFI, a decentralized Binance Smart Chain (BSC) financial services hub integrated with Algorithm Stable Coin.
Decentralized Finance has become a solid ecosystem in the blockchain landscape from just a trend in early 2020. As many DeFi projects successfully create technological foundations to adapt many DeFi use cases, the need for improving the ecosystem never sleeps. An example of yield farming can highlight the flaw of the ecosystem in terms of inflation and impermanent loss that could hurt investors’ long-term profit. With the leverage of Algorithm Stable Coin, FATFI has set out to provide a much more sustainable solution that secures long-term profits for investors.
The partnership between KardiChain and FATFI aligns with KardiaChain’s goal to expand its ecosystem, utilizing the Dual Node technology to have multichain communications with other blockchain protocols. With the current timeline of developing BSC Dual Node, the technology would be ready in Q2 for integration that would help FATFI to expand their ecosystem and to provide use case flexibility by connecting DeFi solutions in both Ethereum and BSC together.
In addition to the ecosystem expansion in this partnership, FATFI also onboards Dr. Thang Huynh, Chief Research Officer of KardiaChain, as a technology advisor. With the experience of Postdoc in Mathematics, Dr. Huynh would provide invaluable advice to the optimization for Algorithm Stable Coin and provide guidance for FATFI future DeFi services hub and future product development.
“FATFI’s Algorithm Stable Coin phenomenon will be the last piece of the DeFi puzzle to basically allow everyone to participate in any investment vehicles in the DeFi landscape. I am excited to be part of FATFI board of advisors” stated Dr. Huynh, Chief Research Officer of KardiaChain.
About Kardia Ventures
Kardia Ventures is an investment arm of KardiaChain, the leading blockchain technology in Vietnam. Our vision is simply to identify, connect, and help the most promising crypto-centric projects to succeed. Our focus is on building strong relationships and providing assistance in capital adequacy, technical advisory, business development, and expansion strategy to lay the ground for a successful journey together.
Fatfi is a decentralized open innovation platform that will foster a collaborative ecosystem, with the goal of dramatically accelerating the development and adoption of the world’s most advanced technologies & strategies into the most attractive segment in DEFIverse: Liquidity Rewards.
Fatfi is built on Binance Smart Chain, and aiming to become a Polkadot Parachain.