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What is Permissioned DeFi?
Permissioned DeFi is a type of decentralized finance that requires
permission to access. It is used by institutions and corporations to
control their financial activities on the blockchain.
To gain
access to the network, users may need to complete Know Your Customer
(KYC) or Know Your Business (KYB) procedures. These procedures
verify the identity of users and ensure compliance with relevant
laws and regulations, preventing fraud, money laundering, and other
illicit activities.
Permissioned DeFi is a type of decentralized finance that requires
permission to access. It is used by institutions and corporations to
control their financial activities on the blockchain.
To gain
access to the network, users may need to complete Know Your Customer
(KYC) or Know Your Business (KYB) procedures. These procedures
verify the identity of users and ensure compliance with relevant
laws and regulations, preventing fraud, money laundering, and other
illicit activities.
Benefits for Diffident Domains
Institutions
Yields generation
Permissible DeFi enable institutions to comply with KYB and KYC regulations while still benefiting from yield-generating opportunities in the DeFi market.
Banks
Deposit taking
Permissioned DeFi can provide deposit-taking capabilities, allowing institutions to easily move funds in and out of the system.
Custodian
Revenue generation
Custodians offer physical vaults, cold storage, multi-signature wallets, and insurance coverage to securely manage cryptocurrency funds, and expand their client base and increase revenue streams.
DeFi protocols
Liquidity taking
DeFi protocols can benefit from permissioned DeFi systems by taking liquidity from institutions and corporations.
zkMe
zkKYC service provider
zkMe generates credentials for counterparties, and only whitelisted wallet addresses can participate in permissioned DeFi pools. This allows for greater control over financial activities on the blockchain while still providing access to the benefits of decentralized finance.
Retail users
Yields generation
Retail users can participate in permissioned DeFi pools by providing liquidity and generating yields.
Privacy first
Full security
Fulfil compliance requirement
Seamless integration
Decentralised
Reuseable zkKYC
zkMe App / widget
Facial recognition / document OCR
Raw document file threshold encryption
ZKP generation
SBT minting
SBT verification
zkKYC