Affluent Aims to Transform Telegram into a Financial Super App
A new money market protocol called Affluent aims to transform Telegram into a decentralized finance (DeFi) super app. Key details include:
- Affluent will function as a mini app within Telegram, offering lending pools and yield strategies.
- Co-founded by Justin Hyun, former director of the TON Foundation, and Hyung Lee of B-Harvest.
- The goal is to provide everyday savings for retail users and liquidity for institutions.
- Telegram formally endorsed the TON blockchain in September 2023, which enhances its Web3 infrastructure.
- The initiative addresses challenges in DeFi adoption by leveraging familiar user interfaces.