Gelt
The DeFi-equivalent to a savings account for everyday users
After a few intense months iterating on the MVP based on early-user feedback, we launched our V1 and applied to accelerators.
We were lucky enough to get accepted into DeFi Alliance (the premier accelerator for Decentralized Finance projects).
We are now preparing a seed raise to grow the team and take Gelt to the next level!
After some research, we selected on/off ramp partners (Plaid and Wyre) and built our first MVP. We let the first real users in to make real deposits/withdrawals and earn real interest.
Users loved the simplicity of Gelt — we knew we were onto something, major win!
We took our first steps in the blockchain space in 2017, when we built one of the first decentralized data exchanges on Etheruem (DX.network).
Back then, the infrastructure/toolchain didn't allow for user-friendly 'real world' applications but we continued to be personally involved in the space.
Fast forwarded to 2021, a solid stablecoin ecosystem, meta transaction frameworks, on/off ramps and the DeFi-equivalent to insurance have all matured enough to build decentralized applications that are credible alternatives to their traditional counterparts without requiring specialist knowledge.
We believe stablecoin DeFi is one of the most promising — and untapped — applications of DeFi because it goes beyond the typical speculative uses-cases of blockchain (crypto investing, NFTs).
We thus decided to build Gelt to bring the predictable and low-volatility returns of stablecoin DeFi to the mainstream (typically 10-20x the return that you would get from a traditional savings account).
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