Cardano's RealFi Phase 1 Testnet Goes Live
Charles Hoskinson announced the RealFi Phase 1 testnet is live on Cardano, with over 1,000 users and 500 active verified wallets. RealFi is a microfinance platform generating yield from outside crypto. A soft launch with small cohorts is planned over the next six weeks, leading to a mainnet rollout this summer.
Detected & updated continuously · Source: Nebula
RealFi (real)
Cardano (ada)
@IOHK_CharlesSources
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson says "RealFi's very early beta application is rapidly evolving." Phase 1 testnet is live. https://t.co/sAlySnr3RH
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson on RealFi, says "a lot of stuff is coming. The next 6 weeks in particular, we're onboarding in a soft launch, small cohorts, to get people used to it, and throughout the summer, the product will work its way to Cardano mainnet." https://t.co/YWyWkhsqRR
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson on RealFi's organic growth, says "so far, over 1,000 users have joined testnet, about 500 active verified wallets are participating in Phase 1, over 2,000 new followers on X, and about 420 have joined the Discord." https://t.co/VikXOg6gal
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson on RealFi, says "for years, we've been building this product in silent mode, and now, we are starting to launch it on the Cardano network, so this is the bank the unbanked part of Cardano, the first part of it." https://t.co/30Lhgk0eZl
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson says "RealFi is a microfinance platform, somewhat similar to Ethena, with a lot of new bells and whistles, far better, far superior, in many different ways." https://t.co/9jP7OBhfVu
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson says RealFi is "one of the few DeFi applications where the yield actually comes from outside of the cryptocurrency space, so in a bear market, this is a hell of a product." https://t.co/w2uXleFvlG
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson says "RealFi is gonna be a big TVL and TX generator for Cardano, because people have to deposit into the RealFi contract, and it generates yield. It also creates more stablecoins in Cardano. Everything you look at is a big deal." https://t.co/BsjvlmQCOR
@angrycryptoshow
JUST IN: #Cardano $ADA Founder Charles Hoskinson on RealFi, says "I put my own money into it, several million dollars, and we were able to service a huge amount of loans in Kenya and Uganda." https://t.co/UcJAgLSr2i