DeFi
Haust Network offers native yield through a pioneering Telegram wallet
Dubai, United Arab Emirates, June 11, 2024, Chainwire
The second summer of DeFi has been a long time coming. The complexity and cost of interacting with traditional DeFi protocols has prevented the majority of crypto-interested retailers from getting involved in its most important discovered use case, even if they wanted to.
On-chain financial activity governed by reliable smart contracts has promised the start of a new era where everyone is the bank, everyone has the potential to earn an appropriate return, and everyone can access the financial instruments they need at any time . All it takes is a suitable access point so that every cryptocurrency user can get involved easily. Haust Network, winner of Best DeFi Project 2024 at this year’s Dubai Crypto Expo, aims to be that access point.
Haust Network Haust Network aims to automatically provide native yield on all users’ assets held in the Haust wallet. The Haust Wallet, a Telegram bot working directly within Telegram, allows users to earn money on their holdings without any additional action. Additionally, users can maintain access to their crypto assets for payments, on-chain gaming, online services, and other uses without locking them.
The goal is to enable broad participation in DeFi by creating seamless integration with various potential yield opportunities across different blockchain ecosystems through a single Telegram wallet. This approach ensures that users can interact with DeFi with minimal steps required.
The wallet will automatically sync with Haust Network, an EVM-compatible chain that functions as an absolute application liquidity layer for crypto holdings. Haust Network aims to generate yield by deploying user assets in various liquidity staking protocols via Haustoria, an interconnected network of smart contracts. Haustoria functions as an adaptable and versatile vault that integrates and interacts with protocols across multiple blockchains through its contracts.
Haustoria will distribute user revenue across various DeFi protocols, seeking to maximize yield while adhering to strategic risk parameters defined by Haustoria contracts. The earned yield will be distributed automatically and at regular intervals directly to the user’s Telegram wallet, with a small commission. Users are free to spend their yield as they wish, with funds held on the Haust network itself. This process is completely automatic, providing users with a seamless experience to access DeFi opportunities without complexity.
“Our network will deliver native yield generation through automated processes. We are passionate about using our technology to give every end user a taste of the potential of DeFi and foster broader liquidity across the Ethereum ecosystem and beyond,” says Anton Patrynika, Founder of the Haust Network .
The Haust Network wallet is available now in Telegram, with an iOS and Android wallet expected to launch soon.
“The goal is to provide a flexible, familiar and versatile wallet that generates native yield and introduces the next generation of crypto investors to DeFi,” Anton continues, “so that end users can experience the power of the Haust network.
Given the recognition that Haust Network has received at recent crypto conferences and its user-friendly approach, the Haust team anticipates that many will begin using its services. The Haust mainnet is expected to launch in Q4 2024, with plans to integrate multiple layer 1 blockchains. The Telegram Wallet, a mini-app built on Polygon, provides an overview of Haust Network’s capabilities, demonstrating its potential to simplify and improve access to DeFi for a wider audience.
About Haust Network
Haust Network is an absolute liquidity application network and will be designed to be compatible with the Ethereum Virtual Machine (EVM). Haust to provide native yield to all users’ assets. In Telegram’s Haust wallet, after the mainnet launch, users can spend and earn their crypto in one simple place, at the same time. Haust Network will gain yield by leveraging its network of self-balancing smart contracts that interact across multiple blockchains, and then efficiently channeling the generated yield to its users.
Contact
Marketing director
Lana Kovalski
haustnetwork@gmail.com