MC2 Finance, the brainchild of Marine Popoff and Christoph Richter, has created a seamless connection between traditional finance and decentralized finance (DeFi). Their platform allows users to effortlessly build digital asset portfolios within seconds, simplifying the complexity that often comes with navigating the digital asset world.
Unlike other platforms, MC2 Finance prioritizes risk-based returns and consistency over short-term profits. They achieve this through meticulous data analysis and expert validation. The expertise of these professionals is verified through on-chain data showcasing their past performance and social proof, such as their success on other protocols and validation from trusted third-party services.
MC2 Finance recognizes the significance of social interaction in the Web3 era and believes it is the future of trading. They offer users the opportunity to not only follow experts on their platform but also connect with them through platforms like Telegram. This allows users to engage with experts, inquire about strategy details and potential risks, and even receive exclusive strategies through Social Tokens. These Social Tokens, linked to MC2 Finance’s token, can be easily set up with just one click and are fully automated. Additionally, they offer unlimited liquidity thanks to their unique tokenomics, fostering a strong community and simplifying the trading process.
Popoff emphasizes the importance of verifying the authenticity of influencers on social media platforms. MC2 Finance provides on-chain and verifiable information about these experts, helping users identify the genuine professionals. The platform also enables experts to create multiple strategies and share their most successful ones with their community. In the future, users will even be able to share their results with an on-chain verifiable watermark, which significantly enhances trust compared to a simple screenshot that is difficult to verify.
Richter highlights the significance of catering to younger generations like Gen Z, as half of them are already investing in cryptocurrency. These digital natives, having grown up with the internet, have a keen interest in understanding the origins of things. MC2 Finance aims to meet their needs and provide them with a user-friendly platform that simplifies the complexities of investing in crypto.
MC2 Finance is currently running a spot trading contest in partnership with Cointelegraph, open to anyone who wishes to participate until March 6, 2024. The success of participants is measured by the percentage return on their strategies. Adding money to a strategy after its creation is prohibited to ensure fairness. In future competitions, MC2 Finance plans to incorporate more DeFi primitives, such as liquidity provisioning, staking, lending, and perpetuals, allowing users to create comprehensive crypto-native strategies. They also plan to expand their offerings to include securities like stocks and partner with more chains while launching additional trading contests.
The platform is currently deployed on Ethereum and BNB but is looking to expand to other chains. MC2 Finance’s unique structure comprises three key components: social interaction, DeFi trading, and a reputation and analytics system. To ensure continuous improvement and community involvement, they have adopted a hybrid approach. Initially, the source code of components like reputation is available to trusted partners for testing and improvement. Once optimal solutions are identified, they are implemented on-chain for decentralization and open-source access.
Richter emphasizes the flexibility of custody for institutional players, allowing them to choose between MC2 Finance’s account abstraction wallet or their preferred custodian for asset custody. Custodians can subscribe to strategies on the platform that meet their quality and risk criteria. For instance, MC2 Finance collaborates with PWC, enabling their experts to create strategies based on ESG tokens using PWC’s extensive ESG data and information. If a strategy violates these criteria, the user is automatically exited from the strategy to safeguard their assets.
While MC2 Finance’s current focus is on decentralized exchanges and fostering a decentralized network, they are actively exploring future expansion opportunities. The token’s versatility in Web3 allows for future trading on centralized exchanges as well.
For more information on MC2 Finance, readers are encouraged to conduct their own research and exercise due diligence before making any investment decisions. Cointelegraph does not endorse any content or product on this page and this article should not be considered as investment advice.