HaloDAO connects traditional and decentralised finance by providing the decentralised infrastructure for next generation payments and settlement. We begin with the core money legos of Swap, Lend/Borrow, supported by Yield.
Our Thesis: The future of DeFi and crypto is one that will enable individuals to buy goods and services using asset backed stablecoins, pegged at a 1 to 1 basis with various local currencies. Very few will be willing to buy ice cream with Bitcoin.
Situation: We are still far from this future of mass adoption and no asset-backed stablecoin has achieved widespread adoption. USD pegged stablecoins have filled a large need for trading in crypto markets, but everyday users still cannot directly use it for everyday purchases.
HaloDAO aims to address these issues by:
Building and incentivising on and off-ramps integrations with existing wallets and exchanges.
Building an efficient, on-demand currency exchange via On Demand Liquidity (ODL)
Building stablecoin specific lending market that provides high-interest yields on local currencies.
Briding the previous 2 products between L1 and L2 for scalable liquidity and yield