About Discount
Portal to the world of discounted crypto and fixed-income returns.
Last updated
Portal to the world of discounted crypto and fixed-income returns.
Last updated
The Problem:
Existing DeFi yield opportunities are unpredictable, sidelining users who are less risk-averse.
They are not user-friendly enough for mainstream adoption.
They often feel disconnected from reality, catering primarily to a niche group of DeFi enthusiasts (often referred to as "degens") who chase inflated APYs in a player-vs-player manner.
How Discount addresses these issues:
Predictability: Introduces fixed-income investment opportunities.
User-Friendly Design: Offers an easy and intuitive interface, reminiscent of trusted Web2 platforms.
Clear Branding: The name 'Discount' is brandable and immediately communicates the platform's intent. (i.e. minimal user onboarding education is needed)
Discount is for:
Individuals: They can easily browse through deals on discounted cryptocurrencies, select the one that aligns with their financial goals, and track earnings in real-time.
DAOs: They can allocate a portion of their treasury to fixed-income-producing assets via Discount, ensuring long-term sustainability.
Businesses: Those seeking to diversify their investment portfolio or allocate a portion of their runway will find value in Discount's offerings.
Technology
For instance, one might buy 1000 Discounted USDC for 950 USDC and redeem the full amount on a specified date.
Before the advent of Principal Tokens, Web3 had limited fixed-income opportunities.
Team
Designed on the robust DeFi's interest rate derivatives protocol , Discount leverages the design of the Principal Token primitive.
Principal Tokens function like . They trade at a discount until maturity, offering a fixed return for holders.With Discount, purchasing discounted cryptocurrencies like USDC or ETH becomes straightforward, even for those without extensive DeFi knowledge.
Discount Finance is being built by , whose team members share a combined 10 years of experience in DeFi across UXUI, solidity, full-stack, marketing, comms & data. A team with a laser-focus on this exciting financial use case.
