Arcana partners with Unreal Finance to Speed up Onboarding

by

Ajay Shetty

Announcements

|

May 10, 2023

We are excited to onboard Unreal Finance as our Mainnet partner. Unreal Finance is a decentralized protocol allowing users to tokenize the yield generated by popular lending protocols such as Compound, Aave, and Unilend. Users can lock in their interest rate by tokenizing their yield, thus getting a fixed interest rate. It acts as a secondary market for unrealized yields. The idea stems from the frustration experienced by yield farmers when the yield interest rate drops. The high net worth individuals are okay with high fluctuations in interest rate, but retail lender is uncomfortable with such fluctuations. And that’s where Unreal Finance comes in - by tokenizing the yield; a user can lock in their interest rate.

Unreal finance tokens can also help users with interest rate swaps, allowing traders to arbitrage between multiple lending markets, making the market more stable and generating more yield. The tokens can further be used for governance. The protocol will be governed by its token holders through proposals to ensure adjustments to the protocol are made with a majority consensus.

They are on track to redefine Defi by allowing the creation of new products on top, like yield insurance that allows people to deposit and buy minimum yield guarantee. Currently, no product on Ethereum allows users to speculate on yield generated by the protocol.

How is Arcana Auth adding value to Unreal Finance?

Arcana Network aims to help web3 brands simplify their onboarding process with the Auth product. Arcana’s Auth solution is the fastest decentralized authenticator in the market. It helps users signup using familiar web2 methods like social auth, passwordless login or email links while assigning them a non custodial wallet. This will enable Unreal Finance to scale faster by onboarding new users with ease.

Arcana's web wallet feature allows users to manage their keys conveniently. Moreover, Arcana's gasless transactions and onramp/offramp integration enable users to make payments and add funds quickly, making it seamless to start using Unreal Finance’s products to earn better yields. 

Website | Twitter | Medium | Telegram | Discord

About Arcana Network

Arcana is Web3 infra for devs to launch and scale apps through its Auth, Store, and Access SDKs. Web3 apps use Arcana’s SDK to authenticate users with Social and Passwordless Auth and create non-custodial wallets, Store Encrypted/Unencrypted  Data, and Manage Access. Built for Ethereum and EVM-based chains, with Arcana’s privacy stack, developers can build secure and privacy-preserving apps with a seamless user experience.
Arcana has raised 2.7Mn USD from some of the leading investors and founders in the ecosystem, such as Balaji Srinivasan, Founders of Polygon, Woodstock, Republic Crypto, and Digital Currency Group.

Arcana Mainnet is live now!

Official Links: Website | Telegram | TG Announcement | Twitter | Medium| GitHub | Discord |

May 20, 2024
Announcements

by

Andria Efstathiou

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Copyright © Arcana Technologies Ltd. All rights reserved.

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Copyright © Arcana Technologies Ltd. All rights reserved.

Schedule a Demo

The call is completely free and no commitment is required.

Schedule a Demo

The call is completely free and no commitment is required.

Schedule a Demo

The call is completely free and

no commitment is required.