Safle x PureFi AMA Recap

Why is Safle important for the industry? What is the long-term vision?

Abhimanyu Kashyap: I would say that there is a problem of handling many keys right now. Because of the multi-chain, like the internet of the blockchain ecosystem, we are managing keys. That’s why people go to custodians, and they leave it there. But if you want the same life without the custodian, you can do that with Safle. Many assets, many keys are the first problem.

Then we have one single sign-on service. We have an excellent back-end stack integrated with partners like PureFi. It becomes effortless for people to have a single sign-on service. And it just opens up with one key, so you’re opening the doors for any metaverse and any crypto-verse by this one key. That’s the problem, and we’re solving that problem from the retail side. Then the opportunities inside the wallet are insane: there are swaps, staking, transferring by name because you get yours at the rate username, and that username is unique; it cannot be owned by anyone else except you. It can be transferred on-chain. You can link your avatar, which is an NFT. There are many more things coming.

From the decentralized application side of the developer segment, by using one SDK, you can start using a wallet provider and website provider for all 12 to 15 chains that we are working on. I’m going to be extending my chain support to other chains. And I think we’re moving on to the internet of blockchain space, and it still needs this whole infrastructural layer that was missing in an open-source mechanism. The governance segment has to be done; the community must run it. The community told and taught me what they needed, and I served it for their purpose. Now it will be in their hands, and they will tell our team and me what to do next. We all are very excited to work on this!

What exactly are your projects doing together?

Sasha Antropov: First of all, there is a technical integration already happening. We are integrating the Safle wallet as one of the authorization methods at PureFi infrastructure. People will be able to log in with the Safle wallet to all the products that we’re building.

And vice versa. Safle’s team is working on integrating our beta product into Safle. Essentially that enables them to assign an AML score for each participant, every user.

For every B2B partnership that we form — the main rule is to share our vision and values regarding the cleanliness of funds and what it does for the industry. And of course, the only main rule for any B2B to get access to the PureFi Protocol’s products — in our case is beta. They need to have a certain amount of UFI tokens. So what it means for our community is that every partnership we make creates an absolute demand for the token.

Apart from just the technical integration, together with Safle, we agreed to make the partnership more fruitful for both communities. We are engaging in multiple exciting things.

I want to announce that PureFi has agreed with Safle to start yet another strategic PureFi Community Round, which is essentially an allocation that our community gets and will be starting this week.

What are the plans for this weekend and onwards? When IDO Safle?

Sasha Antropov: I would like to congratulate Safle on securing and listing with Polkastarter.

So this is happening on 16th December.

We are doing a strategic PureFi Round prior to the Polkastarter. The secondary market trading starts, and around this time, we’ll be launching a farming program together as well.

What would be the main objective of this project?

Abhimanyu Kashyap: I think the objective of this project is to bind the multi-chain atmosphere that has been created in the blockchain native space. What Linux did for an open-source infrastructural system, we’re trying to do it for this community. We don’t have any keen agenda, but we want to become prominent in terms of community and support that we can bring onto the chains. And I think that’s what the objective is — to integrate oneness in people’s minds and make it seamless as an experience across chains to store, manage assets, and mint.

We are just making access to any protocols simpler, such as PureFi and others. We make what is missing for better price discovery, for slippage management. So we’re working to create better roads and infrastructure to reach these protocols.

Something interesting about DeFi, how do you think the bull market will be long?

Abhimanyu Kashyap: I think these exponential cycles have brought us to this segment where too many fundamental things are happening. The supercycles and volatility will always be there. I would say that a healthy market should be going up and down, and there should be a good level of accumulation and distribution. We need to understand that as more and more adoption goes strong, there will be more applied use cases, and that’s what the bull market is. We will have more demand to use blockchain technology in all protocols.

I think DeFi has matured over the last four years from such a young mute. So much good liquidity, solid lps is coming in, and now institutional guys are becoming lps and validate validators. If they’re becoming lps and validators, they’re respecting us and respecting the industry on the use case of how we can use that as an exchange transfer of value over the internet. That’s for sure, they have accepted this principally, and I think that’s bullish. Slowly and slowly, more forms of synthetics and derivatives are coming out on the DeFi. So TradeFi is moving to DeFi. I think projects like PureFi helped bridge that gap of tainted money to real money. I would say it’s pretty bullish, and it will be long; even if you go into a segmented bearish sentiment, you should still keep calm and carry on.

Can you tell us what this project’s main Targeted user base is? Is it Businesses, Corporates, Developers, etc.? Also, which services are provided by Safle to them?

Abhimanyu Kashyap: We want to catch the B2C market, the retail market. It can be anyone who would be a recipient of using a wallet. This could be:

  • A new guy which we call Newbie Newton in our team;
  • Hoddler Harry who needs to store a lot of assets;
  • Degen David, who is a DeFi degen and a liquidity provider, that is going to stake from the staples;
  • Gamer Gary, who will twitch streaming live, he is an NFT collector.

We’re working towards facilitating these four personas, and I think it covers a good board. 70–80% of the whole community is either one of these. And Newbie Newtons are the ones who have not yet entered the ecosystem, which is 97.5% of the entire world. They’ve been traditional Web2 users, and we want them to taste life on the Web3 side with having the same seamless and frictionless experience that they had on the Web2 side. These are the types of things for the retail audience: the B2C or the consumer market.

Now I will go to the B2B segment because we developed web technologies and infrastructure tools for Web3, which means that we have Web3 providers and onboarding services. So plugging in our SDK, we have API endpoints API bundles that people need to use in general for DApp development straight away from one place. You get all these things, DApp analytics, smart contract analytics, and so on — operational analytics used to see which methods are being used more, which are stale methods. All of that is entirely a suite that we provide.

We want to serve the entire ecosystem in general so that we won’t leave anyone behind.