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{"id":19378,"date":"2023-08-24T09:50:44","date_gmt":"2023-08-24T09:50:44","guid":{"rendered":"https:\/\/striga.com\/?p=19378"},"modified":"2024-05-20T14:21:13","modified_gmt":"2024-05-20T14:21:13","slug":"lympid","status":"publish","type":"post","link":"https:\/\/striga.eu\/fr\/customer-stories\/lympid\/","title":{"rendered":"Lympid"},"content":{"rendered":"\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\tarrow-left<\/title><\/path><\/svg>\t\t\t<\/span>\n\t\t\t\t\t\t\t\t\tBack to customer stories<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Demystifying DeFi: How Lympid bridges the gap between fiat and DeFi<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Demystifying DeFi: How Lympid bridges the gap between fiat and DeFi<\/h1>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Based in Portugal, Lympid is an application for European consumers to put their Euros to work through decentralized protocols and\/or access assets available on decentralized exchanges. It abstracts away the complexity of interacting with Web3 protocols through a simple user interface, to go straight from Euros to DeFi and back.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Based in Portugal, Lympid is an application for European consumers to put their Euros to work through decentralized protocols and\/or access assets available on decentralized exchanges. It abstracts away the complexity of interacting with Web3 protocols through a simple user interface, to go straight from Euros to DeFi and back.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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About Lympid<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Located in Portugal, Lympid offers a platform for European users to maximize the use of their Euros via DeFi protocols or to access assets on decentralized exchanges. The platform simplifies the access of Web3 protocols, providing an intuitive user interface, allowing a transition from fiat to DeFi and vice versa.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Use case: DeFi<\/a>, Banking<\/a>, Custody<\/a>, Trading<\/a><\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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Use case:<\/span><\/p>

DeFi<\/span><\/a><\/p>

Banking<\/span><\/a><\/p>

Custody<\/a><\/p>

Trading<\/a><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t

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Industry: DeFi - Web3 <\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Location: Portugal<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Demystifying DeFi: How Lympid simplifies access to decentralized finance for everyone - tech-savvy or not<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Demystifying DeFi: How Lympid simplifies access to decentralized finance for everyone - tech-savvy or not<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Based in Portugal, Lympid is an application for European consumers to put their Euros to work through decentralized protocols and\/or access assets available on decentralized exchanges. <\/span>Jo\u00e3o Lages<\/span>, the co-founder of Lympid, and his team come from a background of blockchain consultancy, where they found a crucial pain point for day-to-day investors who do not necessarily have a technical background.<\/span><\/p>

\u00a0<\/p>

Traditional web3 apps today are primarily geared towards a particular audience that understand and participate in the risks that come with sending funds to smart contracts. This encompasses managing keys, auditing contracts, managing gas fees, potentially bridging between chains, and\/or multiple layers of swapping between multiple assets to find the best price and interact with your protocol of choice.<\/span><\/p>

\u00a0<\/p>

Jo\u00e3o and his team saw an opportunity here to simplify access to DeFi, akin to buying stocks using the funds in your bank account.<\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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\n\t\t\t\t\t\tWith only 2 API calls, Striga enabled us to build a simple user experience that enables users to interact with smart contracts, using Euros\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t
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\n\t\t\t\t\t\t\"lympid-defi-eur\"\n\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\tJoao Lages<\/span>Co-founder & General Manager, Lympid<\/span><\/cite>\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t
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Overcoming Obstacles: Challenges with bridging the gap<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Overcoming Obstacles: Challenges with bridging the gap<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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In order to “Demystify” DeFi in the manner Lympid envisioned, with the current state of regulations, finding the right partner for each step of the flow, with the right licenses and orchestrating it all together under one umbrella was key. Unfortunately just before launching their MVP in 2022, their fiat licensed partner pulled the plug on the program.\u00a0

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In their search for a new partner, Lympid encountered numerous roadblocks. Current traditional on-ramp\/off-ramp widgets only offer simple SDK solutions, which effectively is a jagged user experience with high fees (4%+), switching between different windows with different company logos, and a non-native experience.\u00a0<\/p>

What Lympid required was a more flexible and customizable flow that encompassed the journey of a user right from registration until funding, within a single set of APIs.

In this way, Lympid would be able to focus on building product, talking to users and iterating on product development as opposed to spending time on obtaining licenses, dealing with regulators and\/or multiple partners with a jagged UX from day one.<\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t

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Download the full story to learn how Lympid overcame these challenges<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t\n\t\t\t\t\t\t\t\"striga-lynpid-solution\"\t\t\t\t\t\t\t\t<\/a>\n\t\t\t\t\t\t\t\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Want to be a partner?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Want to be a partner?<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You don\u2019t have to reinvent the
wheel, just spin it<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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You don\u2019t have to reinvent the wheel, just spin it<\/h2>\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\t\t\t\tBook a call with us to discover how Striga can help you get to market<\/br> faster without needing to manage the compliance-related matters <\/span>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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Book a call with us to discover how Striga can help you get to market faster without needing to manage the compliance-related matters <\/span><\/p>\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t

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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tTalk to an expert<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t
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\n\t\t\t\t\t\n\t\t\t\t\t\t\n\t\t\t\t\t\t\t\t\tTalk to an expert<\/span>\n\t\t\t\t\t<\/span>\n\t\t\t\t\t<\/a>\n\t\t\t\t<\/div>\n\t\t\t\t\t\t\t\t<\/div>\n\t\t\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/div>\n\t\t\t\t\t<\/div>\n\t\t<\/section>\n\t\t\t\t<\/div>\n\t\t","protected":false},"excerpt":{"rendered":"

Demystifying DeFi: How Lympid bridges the gap between fiat and DeFi<\/p>","protected":false},"author":7,"featured_media":16881,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","content-type":"","inline_featured_image":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","_links_to":"","_links_to_target":""},"categories":[518],"tags":[],"class_list":["post-19378","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-customer-stories"],"aioseo_notices":[],"jetpack_featured_media_url":"https:\/\/i0.wp.com\/striga.eu\/wp-content\/uploads\/2022\/12\/customer-story-banca-neo-2.png?fit=1760%2C1189&ssl=1","jetpack-related-posts":[],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/posts\/19378","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/users\/7"}],"replies":[{"embeddable":true,"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/comments?post=19378"}],"version-history":[{"count":0,"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/posts\/19378\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/media\/16881"}],"wp:attachment":[{"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/media?parent=19378"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/categories?post=19378"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/striga.eu\/fr\/wp-json\/wp\/v2\/tags?post=19378"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}