HaloFi is a DeFi social savings game built on blockchain technology. The game encourages the average individual to participate in the digital asset ecosystem while being rewarded through earning by saving.
The average yield on U.S. savings accounts of 0.23% APY leaves many individuals without a proper incentive to save, resulting in unmet financial goals. HaloFi is flipping this narrative by gamifying savings. Players are incentivized to participate in regular savings; they have the chance to receive higher interest rates when other players/savers become more passive savers. The gamification of financial savings aligns entertainment with responsible investing objectives, a new approach to retaining customers and supporting positive economic practices.
Learn more on this Base Layer episode, Rachel Black & Giel Detienne from HaloFi speak about the saving account of the future, now.