Skew, a decentralized platform based in Switzerland, aims to address the regulatory and security concerns that plague the DeFi sector. By offering uncollateralized lending and noncustodial crypto services, while adhering to Swiss regulatory standards, Skew seeks to unlock the untapped potential of uncollateralized lending and digital currency payment solutions.
In the realm of decentralized finance (DeFi), the innovative possibilities of uncollateralized lending and digital currency payments often take a backseat to the uncertainties of regulation and security. Many projects in the DeFi space operate outside of regulatory frameworks and incentivize users with their own proprietary tokens. This lack of compliance with established financial regulations raises questions about the sustainability and safety of emerging financial models. Additionally, while the use of platform-native tokens as rewards introduces innovation, it also introduces volatility and risk for participants.
To address these issues, the DeFi sector needs solutions that can remove the stigma associated with it and offer a registered and compliant alternative that prioritizes user security and regulatory adherence. This is where Skew comes in.
Skew is a Swiss-based decentralized platform that bridges the gap between traditional financial systems and the DeFi space. It places a strong emphasis on regulatory compliance, security, and stability. Powered by Skew Labs SA, a registered company in Switzerland, the platform aims to provide uncollateralized capital access to qualified borrowers and offer lenders attractive interest opportunities.
Crucially, Skew is committed to meeting the stringent regulations set forth by the Swiss Financial Market Supervisory Authority (FINMA). To ensure full compliance with FINMA regulations, Skew has partnered with specialized Swiss blockchain law firms and physically relocated its offices to Switzerland. This dedication to regulatory compliance adds another layer of security to the platform.
Skew further enhances security through its noncustodial service offering, which includes lending services and a crypto debit card. By adopting a noncustodial approach, Skew ensures that users retain complete control over their private keys and assets. This significantly reduces the risk of theft or mismanagement by third parties.
Another major innovation offered by Skew is its approach to annual percentage rate (APR) payments. Instead of using a platform-native token, Skew pays out APR in Tether (USDT). This use of a stablecoin mitigates the volatility associated with platform-native tokens and offers a more stable and familiar currency format that aligns with traditional financial expectations.
Skew’s team is composed of 12 individuals with diverse backgrounds outside of the crypto industry. This multidisciplinary team brings a wealth of experience to the project and aims to tackle longstanding challenges in the DeFi industry through innovation, security, and compliance.
The CEO of Skew, Daniele Capasso, highlights the ease-of-use that the platform offers and anticipates an increase in USDT holdings as more people lock in gains during a bull run. Skew aims to launch within the next three months and is currently in the process of private and public funding rounds. Private sale participants are offered an 18% APR, paid in USDT.
The evolution of DeFi into a more secure and regulatory-compliant sector is crucial for its wider acceptance and integration into the global financial ecosystem. Projects like Skew, which prioritize security and compliance while delivering innovative financial solutions, are poised to lead the way in bridging the gap between traditional finance and the digital economy.