HyFi dApps. Why do we need them?

Yanda
3 min readNov 24, 2022

As we explained in our previous article, Hybrid Finance is the new frontier in blockchain and fintech in general. The convergence between Fintech and DeFi will soon become the primary choice for crypto businesses worldwide, radically changing the reality of the current state and bringing innovation.

But at present, how is the crypto industry exposed to HyFi? What are the trends, and what dApps are available?

Let’s find out together!

Why is HyFi so essential?

Our “cloud era” is characterized by the internet of blockchains. Specialized chains and forkless upgrades are masters. We are always more exposed to shared security and scalable composability, and for this reason, we need products that improve the DeFi metrics without forgetting the protection mechanism of the consumer, the support for data privacy and peer-to-peer connections but also regulatory compliance.

The cryptocurrency industry is increasingly divided into two fronts: on the one hand, those who prefer security and “ignore” the aspects that concern privacy, and on the other, those who do not trust in the centralization of their funds because sometimes CEXs operate as black boxes, and prefer to make transactions on DeFi.

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Yanda

Hybrid Finance protocol linking CeFi and DeFi