Fintech company ONFA broadens its Decentralized Finance (DeFi) influence through strategic investment
In the ever-evolving landscape of decentralized finance (DeFi), ONFA is making significant strides. The company, under the leadership of CEO Nathan Ho, offers a comprehensive suite of blockchain-integrated services aimed at providing real-world utility and financial benefits to its user base.
One of ONFA's standout offerings is Stable Staking, a service that allows users to stake stablecoins like USDT and VNDT, earning annual returns of up to 121%. This service, along with others, is designed to boost ONFA's technological capabilities and reinforce its ambitions in the global DeFi space.
Nathan Ho views this investment as a turning point in ONFA's mission to democratize decentralized finance. With this strategic momentum, ONFA aims to redefine what modern, decentralized banking can achieve.
The ONFA ecosystem extends beyond financial services. The Sagaha Foundation, a blockchain-enabled charitable initiative linked to the ONFA Wallet, accepts donations in multiple cryptocurrencies and funds humanitarian projects across Asia. The foundation prioritizes transparency and trackable impact.
ONFA's digital banking platform, a central element of the ecosystem, features a multi-layered encryption framework and employs two-factor authentication for user asset protection. The platform, operated by ONFA FINTECH USA, a subsidiary of METTITECH GROUP HOLDINGS, prioritizes decentralization, robust security, and operational efficiency.
In June 2024, ONFA FINTECH USA secured its latest funding round from the investor Sequoia Capital. This funding milestone reflects strong investor confidence in ONFA's roadmap. The capital will be directed toward enhancing the scalability and security infrastructure of the ONFA Wallet, developing new AI-powered tools for asset management and automated trading, and expanding global operations, particularly in underserved and emerging markets.
In addition to Stable Staking, ONFA offers various services such as ONFA Savings, a digitally integrated savings solution offering up to 35% annual percentage yield (APY) for long-term, passive income opportunities. NFT Mining provides users with daily OFT token rewards for holding a designated NFT in their wallet, with the mining period extended up to 720 days for long-term earning potential.
ONFA Stake offers a fixed-return staking solution with guaranteed capital protection and favorable exchange terms for users focused on asset growth. The ONFA Wallet, a secure, AI-enabled multi-currency wallet for seamless crypto transactions and digital asset management, serves as the central hub of the ecosystem.
ONFA Lottery is a blockchain-based lottery system within the ecosystem, prioritizing fairness and traceability, with over 5,500 successful rounds and an entry cost of 10 OFT. Lastly, ONFA Share introduces a community-based profit-sharing framework for users to earn from revenues generated throughout the ONFA ecosystem.
With these offerings, ONFA is not just making a mark in the DeFi space but is also setting a new standard for what modern, decentralized banking can achieve.
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