IncrementFi

IncrementFi operates as a decentralized finance (DeFi) platform built on the Flow blockchain, aiming to enhance liquidity and provide comprehensive yield solutions within the ecosystem. Founded in 2021 by blockchain industry veterans with experience dating back to 2018, the company is registered in Vancouver, British Columbia, and also has a presence in Espoo, Finland. The team possesses expertise in smart contract development, DeFi, oracles, and security, with some members having previously worked at Google, Ubisoft, and Baidu. In May 2022, IncrementFi secured $1 million in a seed funding round with participation from investors including Qiming Venture Partners, Flowverse, and web3 Studios.

The core of IncrementFi's business is to provide a suite of DeFi infrastructures that function as a liquidity and yield engine for the Flow ecosystem. It serves users of the Flow blockchain, from individual crypto holders to developers, by offering tools to trade, lend, borrow, and stake tokens. The business model centers on generating fees from these financial activities on its platform. The platform's ultimate goal is to unlock and leverage capital more efficiently, paving the way for new decentralized financial applications on the Flow blockchain.

IncrementFi offers a multi-product platform designed to be an all-in-one DeFi solution. Key services include a Decentralized Exchange (DEX) with an aggregator for smart order routing, a Money Market for lending and borrowing, Liquid Staking, and Yield Farming opportunities. The DEX allows for permissionless swapping of fungible tokens and includes a StableSwap AMM for assets pegged to each other, minimizing slippage. The money market, Increment Earn, enables users to supply tokens to earn interest or use them as collateral to borrow other assets. This facilitates strategies like earning passive income, short-selling tokens, or accessing cash without selling holdings. A significant feature is Liquid Staking, which allows users to stake FLOW tokens to earn rewards while receiving a transferable token, stFlow, in return, maintaining liquidity. This stFlow token can then be used as collateral within IncrementFi's money market or traded on its DEX.

Keywords: decentralized finance, DeFi, Flow blockchain, crypto lending, crypto borrowing, decentralized exchange, DEX, liquid staking, yield farming, AMM, StableSwap, smart order routing, fungible tokens, blockchain finance, crypto yield, stFlow, money market, digital assets, liquidity solutions, blockchain infrastructure