Woonkly Labs introduces DeFi.finance, the First Regulated Automated Market Maker
Woonkly Labs, the venture builder group focused on blockchain innovation, announced its latest addition to the DeFi ecosystem: DeFi.finance, the first Automated Market Maker that targets institutional investors by meeting strict regulations on Anti Money Laundering (AML) and Know Your Customer (KYC) by way of using its independent Estonian crypto exchange license.
DeFi.finance was primarily announced during the 7th Edition of the Global Blockchain Congress, held June 21-22 in Dubai, of which Woonkly was the headline sponsor.
“Crypto exchange using AMMs is a huge market, with providers such as Uniswap or Pancakeswap trading thousands of millions of dollars every day. Woonkly Labs is entering this exciting market with a new regulated product that follows strict AML and (KYC) policies, under our Estonian Crypto Exchange License”, says DeFi.finance founder, Daniel Santos.
“Traditional exchanges such as Coinbase are very popular, but money is flowing to AMMs such as Uniswap and others. We are entering the future of crypto exchanges with a new, regulated, fully compliant product, with unique features that will allow us to compete worldwide,” states Santos. “We believe that a regulated AMM will bring institutional investors to this new world. We are embracing the Hybrid Finance “HyFi” market as the bridge between DeFi and traditional, regulated, financial institutions.”
DeFi.finance is built under the rare and desirable crypto exchange license that Woonkly Labs holds in Estonia. Defi.finance has been launched after a long development process with a decentralized team of more than 35 people based in Estonia, Spain, and Mexico. “We aim to become one of the biggest players in the Decentralized Finance (DeFi) world,” aims Woonkly Labs’ CEO, Daniel Santos.
About Woonkly Labs
Estonia-based Woonkly is a venture builder focused on blockchain technology innovation. DeFi.finance is its first project, and soon it will launch an NFT-based social network and marketplace, entering the promising Non-Fungible Tokens (NFT) world. Started by Daniel Santos and with a team of 35+ people (60 by the end of the year), Woonkly Labs aims to create the most popular blockchain startups.
Woonkly’s token, WOOP, is listed on several exchanges, with a total market cap of $250M and a daily trading volume of $2M. DeFi.finance has a total value locked (TLV) of more than $80M following its beta launch demonstrating the power of DeFi and the pent up demand met by DeFi.finance.