Protecting users investments in DeFi

Using Alex as an example, we would like to tell you how one of our AML Risk Score products works.

Alex (a DeFi user), looking to diversify his portfolio, is interested in participating in a LP on a DEX. However, like many investors, Alex is aware of the risks associated with the potential use of illegally obtained funds.

PureFi Protocol offers a solution that allows Alex to safely invest in DeFi. The protocol issues Alex a VC certificate confirming that Alex has passed AML/KYC checks such as criminal record checks and sanctions listings. This reassures the liquidity provider of the legitimacy of Alex funds.

Benefits of using PureFi:

- PureFi helps protect LPs from financial crime, reducing the risk of dealing with illicit funds.

- Alex can demonstrate the legitimacy of its funds with a VC certificate.

- PureFi promotes a more level playing field for all participants in the DeFi ecosystem.

The PureFi Protocol is a valuable tool to reduce the risks of money laundering and other financial crimes at DeFi. By using PureFi, Alex can be more confident that their funds are safe and LPs can have peace of mind knowing that they are not unwittingly supporting illegal activity.

Product Link: https://purefi.io/widget

About PureFi Protocol

PureFi Protocol allows dApps to fully comply with local and global regulations while preserving decentralization and user anonymity.

Developed by AMLBot in partnership with Hacken Foundation to provide a full-cycle solution for crypto asset analytics and AML/KYC procedures for the Web3 infrastructure.