Hello everyone,
This is a global CeDeFi platform, NEOPIN.
Last time, we briefly looked at the characteristics of CeDeFi and the reasons for NEOPIN CeDeFi’s speciality.
This time, along with the global hot trend, CeDeFi, we want to share the story of NEOPIN, which has been building its CeDeFi platform for a long time.
Review
CeDeFi stands for “Centralized∙Decentralized Finance.” It leverages the advantages of centralized finance (CeFi) and decentralized finance (DeFi) to create a more efficient, transparent, and user-friendly financial ecosystem.
If you haven’t seen the previous series of CeDeFi 101, please check out the link below!
CeDeFi, Gaining Public Attention
As negative issues continue to arise in traditional finance and centralized exchanges, CeDeFi has recently emerged as an alternative.
For example, the weaknesses of existing financial services have gained public attention with incidents such as the bankruptcy of a traditional bank and CEX.
CeDeFi is emerging as a measure to solve these negative issues with its advantages of regulatory compliance, no intermediaries, cost effective, adoption of institutional encryption, improved asset control, and faster transaction speeds,
NEOPIN, the Global Leader in CeDeFi
With this CeDeFi trend, NEOPIN, which has long established its identity as a CeDeFi to prepare for the future of blockchain finance, is getting attention.
NEOPIN has strengthened its CeDeFi platform with a rebranding last month.
NEOPIN complies with regulatory guidelines such as Know Your Customer (KYC), Anti-Money Laundering (AML), Financial Action Task Force (FATF) and Combating the Financing of Terrorism (CFT).
NEOPIN has provided its “Trust” and “Stability” with its in-house developed NEOPIN wallet and adheres to the “non-custodial” method, the biggest advantage of DeFi platforms. This protects users from the potential risk of client assets being used.
NEOPIN’s Ongoing Efforts for Mass Adoption of Blockchain: ERC-4337
NEOPIN has announced its plan to implement ERC-4337 to aggressively expand its business in the global market by promptly improving the wallet’s UX/UI.
What is ERC-4337?
ERC-4337 is a technology announced by the Ethereum Foundation at the ‘ETH Denver’ event held in the United States last month. It is expected to contribute significantly to the mass adoption of the Web3 by improving user ‘private key’ management, the biggest challenge for the public, while enhancing the usability and security of existing blockchain wallets.
NEOPIN plans to implement the core features of ERC-4337, including built-in multi-signature, social recovery, and a new signature algorithm to significantly improve user experience and stability.
The most useful improvement that users will have after the implementation of ERC-4337 is the ability to recover their social wallet through family or friends, even if they lose their recovery phrases.
In traditional blockchain wallets, the recovery phrase has put tremendous pressure on individuals to manage, and the loss of the phrase makes the wallet unrecoverable. This is considered to be the biggest huddle for the mass adoption of blockchain.
In addition, NEOPIN plans to improve features such as transaction limits and the ability to use native token as gas fee, instead of ETH.
As the world’s leading CeDeFi platform, NEOPIN will continue to lead the blockchain adoption and future blockchain financial innovation.
Stay tuned!
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