Partnered With:

DeFi+CeFi: HyperPay's first Web5-based digital bank

Read this article in 30 Minutes

Build a super network that integrates diversified financial services

Original title: "DeFi + CeFi | HyperPay—The First Web5 Based Digital Bank Sets Sail》

Original source: HyperPay Wallet

In less than a decade, the ever-changing cryptocurrency space has reshaped every aspect of our lives. Today, as decentralized finance (DeFi) is being applied more and more to the cryptocurrency space, it is starting to be considered mainstream. DeFi’s total value locked (TVL) remains around $4 billion, showing that the ecosystem’s growth model is viable. Despite the instability of cryptocurrencies, DeFi does provide investment opportunities for the public.

History is a tortuous development. Although the scale of DeFi TVL has fallen by nearly 80% from the high point, we still We should remain optimistic, and this is generally the case when the Internet bubble and the technology stock bubble occur.

The goal of DeFi is to build transparent A standardized financial system that is open to everyone without permission, and can fulfill financial needs without relying on third-party institutions. Such as lending, trading, payment and derivatives.

It is open finance, which It is also brought about by the infrastructure of the blockchain, and it is also inspired by Bitcoin. Its most important features are verifiability and transparency. Through the blockchain, people can verify every transaction that happens on it, which also brings transparency.

The key to DeFi—Web3 wallet

Whether it is Web1.0 or In Web2.0, users need to register different accounts on different platforms, and the information is isolated from each other.

Web3.0 has a paradigm Through the underlying logic of Web3.0, the user and the platform exist independently. When registering or logging in to the website, there is no need to fill in the identity information and agree to the privacy agreement, but to create an account directly through the decentralized network. Owns the Token protocol that maintains the Internet.

From Bitcoin, block Chain, NFT, to Ethereum, various public chains are constantly rising, and new concepts such as DApp, DAO, IOT, and X to earn have also emerged as the times require. Ideally, you only need to use your own digital wallet and key to log in to any website, and at the same time use the key to manage your own assets and obtain economic incentives.

The user authorizes through the wallet and Participate in it to grab benefits, then a wallet product that is popular, has market competitiveness, high security, and a good brand image will achieve results in the resurgence of DeFi.

HyperPay is available as a The 6-year-old wallet will also be transformed into the first Web5-based digital bank, which is safe and has zero accidents. It has both traditional banking and digital currency banking capabilities, and uses one wallet to solve all financial payment problems.

The following will introduce HyperPay in detail The core advantage of the wallet:

Driven by security, fully guarantee the security of user assets

The frequent occurrence of asset theft in the current market puts the issue of asset security in front of the world again. As a wallet, security should be the first priority. HyperPay’s decentralized Web3 wallet security solution adopts post-quantum encryption technology, Keychain for iOS data storage, and The all-round support of Keystore encryption mechanism and other technologies creates a secure transaction environment with strong walls for users.

1. Multi-dimensional environmental security detection

Root Detection

Third-party library information

Anti-simulator defense detection

Mobile APP collection risk analysis

Network security detection

Phishing SMS/Email Analysis

UI spoofing detection

Clipboard security detection

UI screen recording detection

2. Double encryption technology Protect the private key

Combining quantum encryption and traditional encryption technology to encrypt communication

Maintain system compatibility while resisting quantum computer attacks

3. Token asset detection

Quick and active detection, open App asset security at a glance

Many detection items, covering contract security, transaction security and information security

Wide coverage, 1.11M+ detected Tokens, 545K+ risky Tokens

4. Authorization risk management

Comprehensive detection of authorization contract information

One-click revocation of risk authorization

covers all major DApps

Actively intercept dangerous authorization

5. Transaction/Investment Comprehensive Evaluation

Pixiu disk detection

contract address detection

transaction data detection

Holder data analysis

Liquidity Analysis

Online Dex Analysis

In the updated 5.0 and subsequent versions, HyperPay also applies MPC secure multi-party computing, homomorphic encryption HE, multi-cloud TEE security architecture, secure communication, zero trust architecture, digital signature algorithm ECDSA and other industry-leading Security technology to minimize the risk exposure of user assets and protect the rights and interests of users in the process of using the wallet.

For users participating in the DApp process Among them, such as liquidity mining and mortgage lending, etc., HyperPay combines the existing market information and its own accumulation in the industry to develop the comprehensive rating detection and contract security detection functions of the market module for users. HyperPay DEX evaluates the security situation and comprehensive score of the liquidity pool from the dimensions of "Pixiu Disk Suspicion", "Liquidity Pool Data", "Token Data", and "Contract Code". Security, assisting users to have more data as investment reference during the investment process, especially key data such as new mines, first mines, transaction volume, etc. HyperPay has added a histogram display of the total flow and 24h transaction times The list page provides switching display of key parameters.

Support public chain network with one more wallet to meet all user needs

Compared with MetaMask, which has a wide audience in the current market, the HyperPay Web3 wallet supports more public chain networks. It currently supports 33+ mainstream public chains, and the managed wallet supports 54+. The wallet supports 19+ and the DApp ecosystem 12+.

Users can Experience mining, lending, cross-chain flash exchange, aggregate Dex, you can also pay attention to the new public chain status and NFT information, and enjoy the DeFi world; you can also experience financial management, machine gun pool, low-interest borrowing, high-interest financial management, bull Bears against bears can easily realize asset value preservation and appreciation; at the same time, the HyperMate hardware wallet can ensure that your assets are stored in an absolutely safe environment; Just download HyperPay.

As a convenient operation, A full-featured Web5 concept wallet, HyperPay's years of hard work in CeFi is also well-known:

HyperPay Operational Data

HyperPay wallet profit model

HyperPay Hosted wallets and Web3 wallets have specific profit models, which are mainly divided into individual and enterprise users. The managed wallet profit includes currency listing, asset custody and management fees for enterprise users; transaction fees and Crypto Card for individual users Card opening fee, recharge fee, fund management service fee, etc.; Web3 wallet profit methods mainly include currency listing, DApp promotion, and commission rebates; in addition, HyperPay wallet is selling hardware wallets/Hpos machines and other physical hardware products.

Looking forward, HyperPay takes one step at a time:

HyperPay Development

March 2017 Project Launch

2018 HyperPay version 1.0 was officially launched in 2010

The financial management function was launched

Web wallet is online

Strategic investment in CoinW trading platform

In 2019 currency transaction function will be launched

mortgage loan function is online

OTC function online

Launch HyperMate hardware wallet

HyperPay wallet will be officially open source in 2020

Launch HyperMate Pro hardware wallet

Encrypted asset custody service platform launched

Cloud computing power product launch

DeFi financial products launched

The Hpay payment system will be launched in 2021

Launch encrypted asset Hpos payment terminal

Launch encrypted asset ATM machine

Credit card buying function is online

HyperPay partner function is online

Smart Pool financial products launched

DeFi financial management supermarket is online

Web3 Wallet Online Aggregation Dex Function

Web3 wallet launched cross-chain flash exchange function

US$1 billion in assets under custody

The number of Web3 wallet users has exceeded 200,000

HyperPay5.0 version will be launched in 2022

HyperPay agent function will be launched

Borrow online at will

Bull and Bear Derivatives Launched

Incubating HyperLab Safety Laboratory

Cryptocurrency credit card launched

Web3 wallet multi-dimensional security detection is online

Malicious address security detection is online

HyperPay users break through 120w

HyperPay Future Planning< /h3>

2022 Q4: Managed wallets gradually Optimize innovative wealth management products (smart fixed investment, dual-currency wealth management) to meet the needs of more wealth management users; Web3 wallet is launched on the game center, allowing users to obtain a richer and smoother gaming experience;

2023 Q1: Open global accounts for users, support USD, EUR, GBP , Canadian dollars and other dozens of fiat currency funds recharge and transfer, to achieve fast exchange between fiat currency and cryptocurrency;

2023 Q3: Improve the encrypted mall, allowing encrypted assets to circulate in the HyperPay ecosystem like fiat currencies;

2023 Q4: Build a private bank for encrypted assets and provide private banking services for encrypted high-net-worth individuals ;

2024 Q1: Construction A cross-platform and cross-public chain decentralized identity authentication system to create a Web3 credit mechanism;

HyperPay wallet has completed the previous white paper planning, and is now moving forward to the new 5 years. Our new mission is to build a super financial payment network, integrating the advantages of Web2 and Web3, CeFi Go hand in hand with DeFi to provide users with diversified financial service content. At this point, HyperPay also launched a new Token incentive plan to the market, the first Web5 digital bank pass:

Token Description

HW5 (Web5 digital bank pass) is the backbone of HyperPay's super financial payment network. HW5 adopts PoP (Proof of Participation) mining mode, that is, users mine by participating in the HyperPay wallet business. Including HyperCard consumption, recharge, user financial management, lending, transactions and many other user behaviors.

Staking incentive: users get Token After that, you can choose to pledge on the platform, and you can get new tokens for pledge.

Token rights

Note: In the HyperPay Crypto Card series supreme rebate card, Users who hold HW5 Token lock positions can get up to 10 times the consumption rebate.

Using HyperCard supreme rebate card, Users lock HW5, on the basis of the basic consumption rebate of 4%-12%, and then expand the rebate by 10 times, that is, the highest rebate reaches 120%. HW5 has created an innovative model of PoP (Proof of Participation) mining for credit card consumption. After the user locks HW5, there will be the following incentives:

1, HyperPay platform Stablecoin income dividend;

2, HW5 rewards;

3. MultiplierPoints (multiplier points): Users can pledge multiplier points to get locked multiplier points of Staked MultiplierPoints.

Token distribution

Fundraising Details

Sale time: November 29-December 6

Sales price: 1 HW5 = 1 USDT

Public offering hard Top: 5 million USDT (sold in batches)

Personal hard cap: 10,000 USDT

Participation qualification: whitelist users

Available: February 2023

Summary

The industry will eventually usher in the next bull market, and users will always choose useful tools. HyperPay will implement security, protect user assets, and solve the pain points of safe storage of market assets. Keep up with market hotspots, provide users with better and more comprehensive financial management solutions, and are willing to share the dividends of growth with investors in the process of self-development, give time to the market, and trust HyperPay. Through bull and bear, you and I will walk together .