Home » Discover 3 projects backed by White Loop, the first French private blockchain investment fund

Discover 3 projects backed by White Loop, the first French private blockchain investment fund

by Patricia

The bear market continues, but unique projects aiming to make blockchain the technology of tomorrow continue to be built. Let’s discover Ondefy, DeepSquare and Fluent, 3 promising projects evolving in sectors as varied as decentralized finance (DeFi), cloud computing or banking and backed by White Loop Capital, a French private equity fund specialized in blockchain

Tricolour investment in blockchain with White Loop

While cryptocurrencies are still not widely used in France, many projects are being created and silently developed in the country.

White Loop, a French company based in Lyon, is working to make the world of decentralised finance (DeFi) and crypto-currencies more accessible by investing in projects while accompanying them on various axes such as, among others, financing, marketing, networking, compliance or communication so that they can evolve in the best conditions.

In order to expand its capacities and increase its development, White Loop will be recruiting new partners from 13 October via a form available directly on its website.

Among these projects are Ondefy, DeepSquare and Fluent, solutions to various problems encountered in our ecosystem. An overview of these projects encouraged by one of the first French private equity funds in blockchain.

Ondefy, or the DeFi accessible to all

Ondefy is a Swiss company working to democratize decentralized finance by developing a platform dedicated to DeFi that includes the qualities of a centralized exchange, a category that is often much easier to handle than a decentralized exchange.

With one click, a simple email address or a connection to a MetaMask wallet, anyone can access a complete and simplified set of tools on Ondefy to take advantage of the wide world of DeFi without its many complications.

As such, it is possible to use Ondefy to buy crypto-currencies, generate returns with a yield farming system or swap tokens via an integrated bridge, all on more than 10,000 tokens across the largest blockchains such as Avalanche (AVAX), Polygon (MATIC), Ethereum (ETH) and second-layer solutions such as Arbitrum or Optimism (OP).

Ultimately, Ondefy combines the advantages of DeFi with the simplicity of traditional exchanges to allow users of all levels to profit from their cryptocurrencies in complete security and simplicity. One of its strengths lies in its “Trending tokens” section, a tab dedicated to popular tokens that allows users to rank current crypto-currencies according to different criteria.

Preview of the Ondefy interface with the

The platform has been available in beta version since 14 June and is experiencing growing interest. In particular, it was presented at the DeFi Boat Party in Paris during EthCC Week last July by its CEO Gauthier Vila in front of major players in the blockchain ecosystem. The project also attracted the attention of Owen Simonin, Julien Bouteloup and Mounir Benchemled (CEO of Paraswap).

More recently, in August, Ondefy entered into a partnership with Unstoppable Domains, a key player in the world of non-fungible tokens (NFTs), which has already enabled the registration of more than 2.5 million domain names in NFTs.

DeepSquare, the decentralized cloud thanks to the blockchain

DeepSquare was born out of a clear observation: 76% of cloud computing is now in the hands of tech giants such as Google, Amazon and Microsoft.

The DeepSquare team therefore felt it was time to bring a decentralised, responsible and sustainable alternative to the general public, and above all, that the latter should be able to actively participate in the evolution of the network.

Powered by blockchain, a technology that is inherently secure in its operation and guarantees the immutability of transactions, DeepSquare offers a unified, professional-grade interface in an ecosystem governed by its own community, a unique system that operates through its governance token, the DPS.

Operating since April on its own subnet through the Avalanche blockchain, DeepSquare enables companies to perform high performance computing (HPC) in sectors as varied as artificial intelligence (AI), machine learning, financial services (cryptography in particular) or even for the metaverse and Web3.

With a strong focus on real ecology, DeepSquare optimises its network to use only renewable energy and thus ensure its sustainability.

With its innovative and user-oriented services, DeepSquare has been selected to participate in Outlier Ventures’ exclusive Basecamp 2022 programme, a highly selective programme designed to encourage and support high-potential projects to achieve their goals. Note that this programme has seen the participation of blockchain projects such as Brave, Polygon, Filecoin (FIL) and Polkadot (DOT).

Fluent, the decentralised, transparent and secure bank

What if it were possible to combine traditional banks with digital assets in an innovative model based on transparency and trust? That’s the challenge Fluent wanted to address.

With its US+ stablecoin backed by the US dollar and fully insured at a minimum 1:1 ratio, Fluent aims to meet the needs of both traditional finance and DeFi through a complete ecosystem governed by a decentralised autonomous organisation (DAO) system.

While most stablecoin issuers tend to be secretive about the quality of their financial reserves, Fluent works directly with Federation Member Banks, banking organisations that must be able to guarantee the 1:1 ratio of the US+ and provide the burn mechanism for stablecoin to maintain its peg to the US dollar.

In addition, as part of its partnership with Chainlink (LINK), Fluent allows any individual to verify in real time the reserves used to secure US+.

In order to reconcile traditional finance and digital assets, Fluent allows anyone to exchange fiat money for US+ and vice versa instantly and without friction. This is made possible thanks to a smart contract in charge of ensuring the link between the 2 assets, all with a consequent liquidity offered by Fluent’s banking partners.

This bridge, as discreet as it is fast, allows users to access cash, credit and real-world returns more easily, making US+ a useful stablecoin in traditional activities but also in decentralised finance

With its consistent and fully transparent liquidity, Fluent allows both investors and institutions to use a trusted system thanks to 2 different governance tokens.

On the one hand, BANK tokens are distributed in the form of NFTs so that partner banks can prove their status as Federation Member Banks, and on the other hand, FLNT tokens which allow voting power on the various proposals of the DAO, which can influence transaction fees, currency reserves and all the policies specific to the protocol such as cash management.

Already recognised by institutions and blockchains in its own right, the US+ stablecoin aims to become the benchmark for transparent and trustworthy stablecoins, all while bridging the gap between institutions and investors.

As such, Fluent is already working on integrations of its unique system within new banking institutions, with further announcements expected very soon.

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