We encourage newcomers to EONS to read the first article we released, entitled “Introducing EONS,”: https://bit.ly/2PctZsb. In that article, we provided a general overview of the goals and products within the EONS ecosystem. This article provides additional insight into the EONS ecosystem, which bridges the traditional finance user to DeFi yield protocols and gives native DeFi users stable yield strategies.
The EONS ecosystem comprises two platforms, eons.finance, a fully decentralized yield generating platform powered by the EONS token, and eons.app, a simple and easy-to-use custodial mobile and web-app, with complete banking services, like debit cards, bank accounts, ACH & SWIFT deposit methods, and more. Both platforms serve their purpose in bridging tradfi and defi to offer a comprehensive solution for adopting crypto as your primary money.
Within the eons.finance platform, users will have complete autonomy over the control of their money, remaining true to crypto’s ethos to provide full control over your [sound] money. Users of the .finance platform will choose between multiple asset pools, defining their risk-tolerance for yield via risk-tiered strategies on each pool seeking the best yield. EONS provides several ways to reach your optimal yield goals in a clear and easy-to-use interface that welcomes normies.
EONS sets itself apart from other yield projects with its eons.app platform, a full-service banking layer, and custodial crypto wallet. The EONS app will allow retail banking customers, familiar with the neo-bank model made famous by companies like Revolut, N26, et al., to seek higher yield and savings products made possible by decentralized finance protocols within a full-service banking app. The EONS team developed a risk modeling funnel within its app to help users onboard themselves into the best yield product for their risk-tolerance. Customers seeking savings interest with current traditional banking products are provided little incentive for saving their money. A typical conventional savings account offers interest at 0.01%. With EONS, interest rates can reach as high as 20%.
EONS provides users of TradFi and DeFi a complete solution empowering them with the ability to earn, spend, save and compound their money with a secure yield generating platform. EONS gives its banking app users easy access to more significant savings and yield and provides them banking services needed to maximize their money’s utility.
The EONS banking app is fully licensed and regulated. Customer deposits are held in regularly audited and separate accounts. The EONS team includes banking industry veterans from Bank of America, Wall Street, and crypto. The team plans to release the eons.finance platform first, followed by eons.app in later 2021. Stay tuned for more articles and news.
Read about EONS on the official blog: https://medium.com/eonsfinance
