A Globally Compliant DeFi Ecosystem as a Service
free is a decentralized financial (DeFi) trading platform, providing a dedicated and compliant DeFi ecosystem as a service for financial institutions and compliant DeFi around the world.
The platform works to bridge the gap between centralized and decentralized finance with a permissionless and transparent solution that promotes financial freedom for consumers around the world.
What is Phree?
DeFi has opened the vision of a new financial system to accompany the blockchain space. Being able to work seamlessly with traditional financial systems is a big dream for all blockchain users around the world.
For the first time in history, a financial system has developed on a large scale without intermediaries. Disruptive financial technologies will dismantle outdated systems that impede liquidity and access to capital, deliver better value to consumers, and eliminate underserved, unbanked, and unbanked. It aims to resolve the friction of those who do not.
Plus, because DeFi is digital, it’s available 24/7 from anywhere with an internet connection. No more trading when the market is open or doing business during bank hours.
In this way, DeFi is becoming more accessible to those who want to trade after hours or live in time zones where traditional bank hours are inconvenient.
new financial system
DeFi has the potential to significantly impact how banks function in the future, and may even change the structure of the entire financial system.
However, if current structural issues such as risk management, security, organized fraud, lack of KYC/AML, price manipulation and scale are not addressed, the early adoption of cryptocurrencies will move past the tipping point into mainstream finance. Limited potential for explosive growth to
Some of the major structural compliance and security hurdles that limit DeFi’s potential are high-leverage liquidity mismatches, price manipulation, fraud, lack of risk disclosure, and non-compliant algorithm stability. Lack of coins, KYC/AML policies, or lack of risk management.
Guided by the guiding principle of “as decentralized as possible, compliant where necessary”, Phree and its Swiss licensed asset manager phreeFi have an addressable market of 5 billion people and more than $200 trillion in assets. We work to serve financial institutions by building a targeted, permissionless and transparent business. .
What is Phree’s Solution?
Unlike competing platforms, Phree seeks to find a unique position to create added value.
- Platform is about building solutions in a compliant environment. But the bigger opportunity (perhaps 80%) lies within TradFi organizations interested in building DeFi solutions that stay within the required regulations.
- This is known as “de-decentralization”., and there are indications that this will become an important trend in the near future. Phree has the tools, relationships, and roadmap to directly address this opportunity.
- TradFi is a term that includes technology, user preferences, and procedures. In contrast to TradFi, centralized procedures promote compliance and economies of scale.
- DeFi protocol will create a decentralized ecosystem Built, maintained and managed more efficiently.
- TradFi mainly relies on private databases and Web 2.0 applications, DeFi is making financial services accessible to everyone.
- DeFi users have access to simple payment solutionsand public and open decentralized blockchains will make more complex financial services accessible to all.
- Unregulated DeFi currently has limited adoption. DeFi has proven successful in increasing the efficiency of modern finance, but there are some problems.
- Markets are exposed to cybercrime, fraud and market manipulation. In 2021, US$7.7 billion of digital asset fraud and other market and liquidity risks will be lost to cybercrime, an increase of 81% from 2020.
- No legally recognized centralized entry You may be held responsible for smart contract issues, such as code errors.
- The system is ripe for shadow banking to thrive. It consists of lenders, brokers, and other intermediaries outside the regulated platform’s territory.
- It’s easy to see that lack of protection hinders DeFi adoption Most consumers and financial institutions are unwilling to put all their trust in blockchain technology to protect their money until such services are within the scope of regulation.
Dealing with problems
Phree’s position is to go on the offensive and lead the market in a compliant and permissioned DeFi ecosystem.
The Phree ecosystem has the best DeFi capabilities and CeFi compliance with an experienced team in traditional finance and regulated crypto supported by leading partners such as Web3 Foundation, Parity Technologies, PwC Switzerland, Mastercard APAC. Integrate to provide a permissionless and transparent business model.
Our solutions include independent KYB and continuous compliance. Tools for building quickly and at scale. Utility tokens and white label regulated stablecoins. Licensed DeFi asset manager offering institutional products. Flexibility to issue interoperable tokens and products. Consumers benefit from more access and better rates.
Furthermore, the core of being “as decentralized as possible and compliant where necessary” optimizes outcomes for all stakeholders. Oversight of her KYC/AML, sanctions screening of partner wallets.
There is also a regulated Swiss-France tablecoin for B2B trading partners. A capital buffet and chain treasury management were created to withstand the impact on the ecosystem. Finally, data protection and market manipulation prevention are part of the solution.
Not only that, but the Phree ecosystem will resolve systemic economic imbalances and unlock great trapped value for all stakeholders.
$PHRE Tokennomics
$PHRE is the native token of the Phree ecosystem which contains all on-chain transactions. Tokens are used to stake and protect delegated Proof-of-Stake. It is also the unit of calculation for the State Treasury and liquidity reserves.
Users can earn block rewards and transaction fees on PHRE. Chain Her partners, on the other hand, leverage tokens to build their own tokennomics and liquidity.
Individuals can purchase and stake PHRE tokens either as validators or by delegating PHRE to validators for a period of time. Individuals receive staking rewards for securing the chain at the end of a fixed period.
Up to 1 billion PHRE tokens will be issued.
Here are the assignments:
- Public sale and community management – 7%
- Service Providers, Advisors, Directors – 9.5%
- Accredited and Institutional – 19%
- Annual Performance Pool, Staff, Founders – 27%
- Treasury, Liquidity Reserve, Chain Development – 38%
In addition, there is also the PHRF stablecoin, a B2B stablecoin with Phree ecosystem partners. In it, transactions are backed by his regulated B2B stablecoin with auditable high quality liquidity assets (HQLA).
Stablecoins are issued in exchange for fiat currency upon demand from partner FI and DeFi protocols. Fiat currencies are stored alongside high-quality liquid assets such as HQLA and government bonds.
How do transactions work?
Transactions are issued upon request from partners. Use FI and DeFi in exchange for fiat currency. Fiat currency is stored in short-term, low-risk assets such as government bonds.
Partner FIs/DeFis trade with counterparties for real-time payments and low fees. Examples: credit cards, P2P money transfers.
PHRF then converts to local fiat currency upon request through local intermediaries. Finally, we use the liquidity provided by the custodian to redeem fiat upon request.
What makes Phree so special?
Backed by a highly talented co-founder, team and advisors, Phree has so far partnered with the Web3 Foundation/Parity Technologies to develop the platform.
Switzerland has long been known as a global banking powerhouse in traditional financial services and has led the country in many respects.
The next phase of the financial era is evolving into a more legitimate global position in the DeFi space while continuing to attract big banks.
Therefore, by actively licensing with Swiss regulators, Phree also proves that it is safer than other financial platforms on the market.
Achieving an MOU with Mastercard Asia on the sale of innovative payment solutions in Phase 2 will not only change the infrastructure of retail, but encourage other companies to jump on the trend.
Phree: DeFi’s Future Platform
DeFi is poised to outperform traditional financial systems in the future. However, there are many things that need to be addressed before this happens.
Phree’s philosophy and approach to finding ways to bridge elements of DeFi towards regulation where TradFi has been successful for many years. It is also the future of DeFi.
https://blockonomi.com/phree-guide/ A Globally Compliant DeFi Ecosystem as a Service