The former top manager of the TON Foundation launched a decentralized crypto asset management platform on Telegram.

The decentralized asset management platform Affluent, formerly known as Factorial Finance, has undergone rebranding and introduced Strategy Vaults — a modular system for accessing institutional yield strategies through a Telegram interface. This was reported by ForkLog from the project's founder and former director of development at TON Foundation, Justin Hen.

What is Affluent

The platform will allow earning income from crypto assets, including bitcoin, tokenized gold, and real-world assets (RWA).

Affluent uses a modular system of Strategy Vaults — automated strategies governed by smart contracts with preset parameters. All changes in the governance policy go through time-lock mechanisms.

"We combine professional asset management with automation through smart contracts. Strategies adapt to the market, and execution occurs without human intervention," claims Hen.

The project raised $1.8 million in a seed round from TVM Ventures, B-Harvest, Kiln, and a number of private investors.

Affluent Products

Among the first products of the platform:

• TON Multiply Vault — looping LST ( for increasing staking yield with leverage up to 400%;
• USDT Multiply Vault — a delta-neutral strategy in stablecoins with automatic hedging of market risks.

The Affluent team has also partnered with the BTCFi project Solv Protocol to launch Bitcoin-based products in the TON ecosystem.

As part of the collaboration, Affluent will add the xSolvBTC token with an embedded yield mechanism, Bitcoin-backed lending, and tgBTC.

In addition, the platform has launched the Affluent Points program for early users. Points are awarded for various actions when using Strategy Vaults.

The team's plans:

• BTCFi-native credit vaults and liquidity markets;
• integration of tokenized gold and treasury bonds to create inflation-resistant portfolios;
• global DeFi Simplified campaign for educating and attracting users in the Telegram ecosystem.

Recall that at the beginning of June, the company Tether announced the launch of XAUt0 — an omnichain version of the gold-backed "stablecoin" XAUT. XAUt0 expands the capabilities of Tether Gold, allowing the token to be moved between different blockchains.