Last Updated on: 21st November 2023, 11:53 pm
ZaynFi, the innovative Decentralized Finance (DeFi) platform specializing in stablecoin yield for the global Muslim market, has strategically expanded its operations to Coinbase’s Base network. This development is a key part of ZaynFi’s mission to demystify DeFi yield generation for an expanding global audience. The launch of the Quick Vault feature, coinciding with the Base network integration, introduces Single Asset Earning, Active Strategies, and a simplified Stablecoin yield farming experience.
ZaynFi’s journey in 2023 started with securing pre-seed funding from notable investors, including 500 Global and Islamic Finance Guru’s Cur8 Capital based in the UK, emphasizing its role in creating a shariah-compliant DeFi framework on a global scale.
Currently, ZaynFi is in talks for a seed funding round with several investors, aligned with their mission to introduce shariah-compliant DeFi products to the 2 billion global Muslim market.
Syakir Hashim, Core Contributor at ZaynFi, commented on the company’s trajectory: “We were attracted by the growth at Coinbase’s Base network which has been remarkable, with the Total Value Locked (TVL) on the network increasing significantly to around $300 Million within months of its August launch this year. ZaynFi’s expansion into Base network enables shariah-conscious investors a pathway to participate in the excitement and growth that is happening on the Base network. We’re committed to making DeFi accessible to shariah-conscious investors worldwide.”
This expansion reflects ZaynFi’s dedication to fostering innovation and inclusivity in the Decentralized Finance industry, with a focus on shariah-compliant solutions.
For more information about ZaynFi and its initiatives, please visit https://zayn.fi.