{"id":3870,"date":"2023-01-30T10:06:33","date_gmt":"2023-01-30T02:06:33","guid":{"rendered":"https:\/\/dailymarkup.com\/?p=3870"},"modified":"2023-01-30T10:06:34","modified_gmt":"2023-01-30T02:06:34","slug":"daily-markup-670-zaynfi-raises-us600k-to-open-up-the-world-of-decentralized-finance-defi-to-the-masses","status":"publish","type":"post","link":"https:\/\/dailymarkup.com\/?p=3870","title":{"rendered":"Daily Markup #670: ZaynFi raises US$600K to open up the world of decentralized finance (DeFi) to the masses"},"content":{"rendered":"\n<figure class=\"wp-block-image\"><img decoding=\"async\" src=\"https:\/\/lh6.googleusercontent.com\/vhu_qIpNSL7QhLkyKCKEwUMg7L4szUekhmgg9qlBQvN6FVUOSq_xFlPb7cHEzxnyHg2mmib2GfYMfwVaoruJYFOKGKeg5nh86LAe4dlDY1wdY31tk-JygSsmHVMRJ33SLINH3z4pVATBpib1pTdkslQ1FpF20E47IN2YJk4BQHvZ7qYa3Ux9_7E10yB1Ng\" alt=\"\" \/><figcaption class=\"wp-element-caption\">Credit: e27<\/figcaption><\/figure>\n\n\n\n<p><strong>Simplifying DeFi for the masses<\/strong><\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>If understanding and using decentralized finance (DeFi) for the first time seems daunting and complex to you, 500-backed <a href=\"https:\/\/zayn.fi\/\">ZaynFi<\/a> feels you and wants to open up DeFi to the masses. The team aims to&nbsp; enable first-time users to utilize and benefit from DeFi products and services, as well as attract halal-conscious offerings as it ensures it complies with shariah principles.<\/li>\n\n\n\n<li>ZaynFi is a stablecoin yield optimizer on the Build N Build (BNB) Chain, and the team <a href=\"http:\/\/bit.ly\/3XZ5NXT\">raised US$600,000 in a funding round<\/a> led by Cur8 Capital, the venture investing arm of UK-based Islamic Finance Guru, with participation from 500 Southeast Asia.<\/li>\n\n\n\n<li>Founded by Syakir Hashim and Aziz Zainuddin, ZaynFi is a DeFi protocol that helps users stake stablecoins safely and simply for top-of-the-range returns on the Binance Chain. According to the company, it enables trades to happen while users earn trading fees and rewards.<\/li>\n\n\n\n<li>Co-founder &amp; CEO Syakir Hashim shared that ZaynFi will be using the funds to expand its engineering team and build new vaults, allowing users to stake other cryptocurrencies and build a strong community of ZaynFi users.<\/li>\n\n\n\n<li><a href=\"https:\/\/zayn.fi\/\">A public beta has been rolled out<\/a> exclusively for ZaynFi\u2019s 88,000-strong <a href=\"https:\/\/t.me\/zaynfi\">Telegram Community members<\/a>.<\/li>\n\n\n\n<li>\u201cWe are here to help existing DeFi users and the masses come onboard the world of DeFi and bring a new wave of liquidity to decentralized exchanges. This will be achieved through ZaynFi\u2019s end-to-end service, which takes care of Liquidity Pool selection, depositing into Liquidity Pools, staking LP Tokens and switching to better-performing Liquidity Pools from time to time,\u201d Syakir explained.<\/li>\n\n\n\n<li>Congratulations to the ZaynFi team and welcome to the 500 community!<\/li>\n\n\n\n<li>Read the full story on <a href=\"http:\/\/bit.ly\/3XZ5NXT\">e27<\/a>.<\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Simplifying DeFi for the masses<\/p>\n","protected":false},"author":5,"featured_media":3871,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_mo_disable_npp":"","footnotes":""},"categories":[322],"tags":[563],"class_list":["post-3870","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-daily","tag-zaynfi"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v19.1 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Daily Markup #670: ZaynFi raises US$600K to open up the world of decentralized finance (DeFi) to the masses - 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