• Return Finance, a fintech company backed by leading VCs, has announced its product that empowers individuals to earn yield returns on their savings through the decentralized finance (DeFi) markets.
• Return Finance UAB has also received Virtual Asset Service Provider (VASP) authorization from regulatory authorities to operate in 27 European countries.
• The Return app offers an impressive Annual Percentage Yield (APY) of up to 10% on deposits.
Return Finance launches High-Yield Savings Application
Return Finance, a fintech company backed by leading venture capitalists, has launched its product that enables users to gain high yields on their savings through decentralized finance (DeFi) markets. The platform offers an Annual Percentage Yield (APY) of up to 10% on deposits and is available in 27 European countries.
Virtual Asset Service Provider Authorization
Return Finance UAB has obtained the necessary authorizations from regulatory authorities to provide digital asset services as a Virtual Asset Service Provider (VASP). This means that customers can safely exchange virtual assets for fiat currencies with complete transparency and decentralization within the platform.
Decentralized Finance Protocols
The platform leverages trusted DeFi protocols such as Curve and Convex Finance for secure and compliant operations. These protocols offer users access to additional yield opportunities which would otherwise be unavailable in traditional banking systems.
Secure & Compliant Platform
The Return app provides users with a secure and compliant platform that is regulated by European authorities. All transactions are tracked publicly which ensures full transparency throughout the process. Moreover, all funds are held securely in cold storage wallets providing an extra layer of security for users’ funds.
Return Finance provides individuals with a unique opportunity to turn their savings into a source of income through DeFi markets while ensuring compliance with applicable regulations at all times. With up to 10% APY available on deposits, this is an attractive proposition for anyone looking for higher yields than traditional banking options offer