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PureFi is the sole DeFi AML protocol built specifically for onboarding crypto users.
Created by AMLBot together with Hacken Foundation, it is designed to deliver an end-to-end approach to cryptoasset analytics alongside AML/KYC workflows for the DeFi space.
PureFi uses a system of smart contracts to link KYC/AML providers with DeFi users and Dexs/Defi projects, aiming to support cryptoasset analytics and help shield responsible participants in DeFi from “dirty money” exposure.
PureFi operates as a cross-chain protocol aligned with current industry standards for Ethereum, BSC, Polkadot, Cosmos, and Casper Labs. In addition, it does not rely on information from a single KYC/AML data provider-PureFi instead functions as an open marketplace where verified providers supply ML-driven analysis to DeFi market participants.
PureFi protocol supports 3 broad categories of participants:
Liquidity Pool Users (LP Users)
People who want to deposit their coins into a Liquidity Pool must demonstrate to Liquidity Pool Operators that their funds are clean.Liquidity Pool Operators (LP Operators)
Operators who manage Liquidity Pools and are ready to accept liquidity from LP Users, while ensuring that tainted assets do not enter their pools.Issuers
Users-typically companies or organizations-that focus on tracking risky or “dirty” crypto and can act as a trusted intermediary between LP Users and LP Operators, both of whom depend on them during decisions in KYC/AML processes.PUREFI token (UFI) is the ERC20 token issued on the Ethereum blockchain and Binance Smart Chain (BSC), powering the PUREFI protocol.
UFI’s main utility is to grant access to PureFi services, support token circulation within the PureFi protocol, receive new oracles and protocol updates, and enable cryptoasset analytics and identity verification.
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