has tightly entered the life of every crypto enthusiast and it’s no surprise. The very idea of the existence of an independent and transparent financial ecosystem, which is not influenced by regulators and human factors, imperceptibly brings us closer to the new digital era. DeFi’s rise to fame did not fall out of the sky, it was a natural development of the and this is . DeFi new financial system how it happened in 2019 : Vitalik Buterin said “I’m very excited about the potential that DeFi offers in principle. The idea that anyone anywhere in the world can have access and choose their financial exposure is a very powerful thing.” Recently, the sector of decentralized finance (DeFi) has become much more popular. According to , the DeFi market’s TVL is (as of March 29, 2022), and reports the total locked assets being at (excluding staking). This indicates that this sector’s annual . DeFi Pulse $94.41B DeFi Llama $225.78B growth is reported to be approximately 200% was a among DeFi applications that gained wide popularity in late 2017. Since then, the total amount of funds placed in DeFi protocols (TVL, Total Value Locked) has been constantly . The came in the midst of the global coronavirus pandemic. For instance, in  2018, TVL was $928 millions, in May 2019 - $7.568 billion, in May 2020 - $9.276 billion, and in November 2021 the TVL reached . MakerDAO pathbreaker growing DeFi boom a record with $107.506 billion Thanks to the rapid growth of DeFi, its boundaries are constantly expanding, which creates unique products built on this technology. Let's have a look at what we will see this year. DeFi trends Defi trends is a cryptocurrency market data aggregator that provides tools for analyzing and tracking individual cryptocurrencies and the market as a whole, some trends for 2022: Messari predicted or remain at the same level. Ethereum will be the main blockchain for DeFi, and DAI will be the main decentralized stablecoin. The popularity of stablecoins will grow . Their currency rate will not be pegged to the US dollar or other fiat currencies and will not be as volatile as cryptocurrencies. Non Pegged stablecoins will appear – projects created by publicly known development teams. They will meet all regulatory requirements. – projects that are released by anonymous development teams. They will work regardless of regulatory requirements. DeFi will be divided into 2 parts . CeDeFi AnonFi in 2022 as many DeFi protocols are now using DAOs to drive their future. Meanwhile, many new NFT DAOs are emerging to support collective investment in the art of NFTs. DAOs (Decentralized Autonomous Organizations) will soar to new heights One of the most successful crypto stories of the year 2021 was , with daily active users from 38,000 in April to 2.7 million in mid-November. This rise in blockchain-based gaming is likely to spark a parallel , with DeFi obviously playing a big role in this. Axie Infinity rising rise in GameFi , CDO and Co-Founder at . “As we examine gaming’s performance, we see how vast its impact has been on the blockchain industry and just how powerful a propeller the play-to-earn narrative has become. Gaming accounts for half the industry’s usage and a fifth of the NFT trading volume for what’s been a record-breaking quarter. Axie beating blue-chips like CryptoPunks and NBA Top Shots to become the most traded collection ever poignantly illustrates this,” said Dragos Dunica DappRadar predicts that each popular musician will try to issue their own , as major record labels look to break into the NFT space. There were some successful examples at the end of 2021 by , and . Finance Monthly magazine Music NFT 3lau Nas Mike Shinoda on many fronts, sometimes in completely different directions. Trends can always change, depending on financial needs and situations in the world. However, there is a certain clear vector of DeFi’s development, this is . However, we should never forget about one very important detail. In order to take advantage of all the benefits the DeFi world has to offer, you need to procedures. What is KYC? And what is wrong with it? Read on. DeFi is evolving only movement forward go through KYC KYC problem DeFi’s growth – as expected – from governmental agencies and state institutions that drew attention to the fact that DeFi services do not restrict usage of their services by criminals in any way, given that AML & KYC haven’t been readily available in the sector. provoked a reaction (Know Your Customer) is a financial institution’s primary modus operandi, which requires them to the private information of a person before this person can any transactions. This identification serves many purposes: clientele understanding, monitoring operations, reducing liability, combating bribery and corruption. This from dealing with fraudsters and ensures the safety of customer assets. KYC verify conduct protects companies (which are binding across the EU) and (which set goals). For KYC, the two most relevant pieces of European legislation are the (which is a regulation and hence uniform across the EU) and the fifth AML (a directive, along with its four predecessors). By transposing directives into national laws, countries can impose stricter requirements. European law consists of regulations directives GDPR AML KYC verification is a that includes and of customers' personal information. Through this procedure, financial institutions and service providers can determine each client’s risk level. multi-stage procedure collection analysis Unfortunately, some users believe that full verification is a of blockchain technology’s . Users’ personal data is collected by many servers, as each service has its own database. No wonder users are afraid of data breaches and try to protect their personality. However, violation principle of anonymity there is a solution to this problem – Hashbon Pass. Hashbon Pass: born to solve the KYC problem , or by , is an and a decentralized protocol for reusable identity verification on blockchains such as Ethereum, BNB Chain, Polygon and other EVM-compatible networks. Our main is to a privacy-oriented KYC procedure. We're helping , the way it's supposed to be, not completely eradicate it, since users still have to pass KYC after creating their NFT passport. Hashbon Pass NFT Passport Hashbon FiRe NFT token mission facilitate run KYC procedures in a safe manner How it works? It works , which gives you access to vital services like banking, exchanges, crypto products, medicine and 18+ content. After all, there will no longer be the need to go through KYC procedure for different services or sites as Hashbon Pass represents a . like a passport or ID card in real life over and over again unified admission Hashbon Pass protocol is the first ever and the utilization of Tokenized All Web3 Pass ( ). Through which DeFi services, including DEXes, IDOs, & lending platforms, understand that active on their platform, determine their , and also their presence on , as well as calculate the user’s and all without needing access to their personal data. Anonymous KYC TAWP they have a verified user age citizenship blacklists credit score social rating, The an NFT Passport consists of the following steps: process of obtaining The user , fills up their nickname and sends their of their choice. registers biometric data to the verifier The user pays a and gets an NFT Passport through licensed verifiers. one-time verification fee The user’s personal data is who issue NFT passports. Such verifiers have licenses that comply with , which gives them the authority to work with clients’ personal data. stored only by verifiers GDPR The user’s is recorded on the blockchain – nickname, citizenship and date of birth. Scanned documents and personal data are stored by verifiers and are without the user's prior authorization. basic information not accessible by third parties Hashbon Pass protocol involves the participation of three parties: that require user identification. Verifiers, Users, & DeFi protocols We strive to achieve two : the user's interaction with the constantly-evolving DeFi space, and the core values of the industry in the face of looming government interference and regulation. You can read the detailed to learn more about Hashbon Pass. main goals simplify preserve whitepaper Versatile opportunities of Hashbon Pass Hashbon Pass meets the demands of the three different groups of clients, paving the road for . new DeFi and Web3 blockchain standards Users: to different services using an NFT Passport; Limitless access Convenience provided by Hashbon Pass. Users can pass as well as through Hashbon Pass; 18+ verification CAPTCHA Hashbon Pass provides additional options to secure your accounts through ; 2FA Social Rating for user ; interaction on Web 3.0 . Loan security Services: user identification; Secure and seamless , personal data can now be transferred to services, but strictly with the user's permission; SSI system Embeddability of ; marketplaces Hashbon Pass protocol is into all popular DeFi protocols as it is released on popular blockchains such as Ethereum, BNB Chain, Polygon, and other EVM-compatible blockchains. easily integrated Verifiers: Become Hashbon partners and join the initiative to bring a new standard to Web2 & Web3 ID procedures. , we’ll be launching . Services that are ready to enter the new era of the NFT ID industry can and integrate Hashbon Pass before official launch. On June 30 Hashbon Pass book a demo here

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