Why Rand is a Safe Harbour in DeFi

Why Rand is a Safe Harbour in DeFi

Having watched the fall of Terra and Luna over the last few weeks, Pol our founder, and the team at Rand have been saddened to see so many people lose their hard-earned savings they invested in these projects in good faith. Building new technologies always have inherent risks and rewards but few people understood the risks that they were taking or how these DeFi protocols interacted with each other.

At Rand, our mission is to forever change and democratize finance for all. We believe there is a better way to build on DeFi and educate users about how to manage their money in a simple and profitable way.

Simplicity. Trust. Excitement. These are our values. We get excited about building great features that help our users to achieve their goals.

We understand that you want to make your money work harder but you also want peace of mind knowing your funds are secure and ready for withdrawal at any time. Rand’s model is built around our users and our features, not around high-risk yield strategies or algorithms.

Rand does the same thing financial institutions do more efficiently, through automation, at a fraction of the cost. Using Web3 and AI technology makes us more profitable than traditional institutions, so we can reward the people that make our model possible: YOU!

At its core, Rand works as a liquidity provider for centralized and decentralized money markets. We use blockchain technology and AI automation to borrow and lend money to multiple financial institutions at fixed or variable interest rates. In short, we do what traditional financial institutions have been doing for decades, but with ten times fewer associated costs.

We only make money when you do. If we want to be the right financial partner for you, we have to make sure that your incentives are aligned with ours. For that reason, we only profit when you achieve your goals by earning in your Prize or Private accounts. We take a small fraction of earnings generated in-app, in order to keep the lights on and grow. This will help us bring you new features and better in-app products in the future.

At Rand, the security of your funds is one of our top priorities. We believe by combining DeFi with financial regulatory licenses and third-party security audits, we create a bridge to a better, more secure financial model that benefits everyone.

Trust matters in DeFi more than ever, we believe in building the future of DeFi today.

Come join Rand’s revolution and sign up for our app waitlist.

About Rand

Rand is not a bank. It’s better. Rand is a simple digital wallet and debit card that reimagines the way you save, spend, send and earn money. Simply open an account, and earn up to 10% interest on the savings you move into your Rand Private Accounts. Or achieve your financial goals faster by moving your savings into Prize Accounts where you can win big every week without risking your money. If you don’t win, your initial investment stays put or can be withdrawn whenever suits you. It is that simple.

Rand Network is a new and exciting project that solves one of the most significant sources of stress for young adults and professionals, how to obtain a return on their capital. Rand was born from the passion and drive of CEO and founder, Pol Martin, to help his peers with the difficult financial circumstances faced by young adults. As a Generation Z, he has witnessed first-hand how some of his closest friends struggle to safely generate passive income or returns on their savings without extensive knowledge of financial instruments or markets. Rand is the result of his desire to offer young adults a chance to complement their financial savings, and to enhance their financial wealth.

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