- Affluent launched on Telegram to offer easy crypto investing using smart contracts and expert guidance.
- Built on TON, the app uses vaults to manage funds and spread assets across lending markets automatically.
- The platform blends TradFi risk tools with DeFi yields and has passed audits for security and user safety.
A new crypto investment platform, Affluent, has launched on Telegram, aiming to simplify DeFi participation while leveraging traditional finance principles. Developed by former TON Foundation director Justin Hyun, Affluent provides automated yield strategies and lending opportunities directly on The Open Network (TON).
The platform effectively transforms the Telegram interface into a decentralized financial hub. Built natively on TON, the application allows users to earn yield without navigating the technical barriers often associated with DeFi.
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How Affluent Blends Automation with Human Oversight
The core feature of the platform is the Strategy Vault. This system uses smart contracts to automatically distribute user assets across multiple lending markets. This setup enhances returns and balances risk, giving users a streamlined experience backed by human decision-making.
Deposits are made through a simple Telegram interface, allowing even novice users to grow wealth with minimal steps. Founder Justin Hyun emphasized the app’s mission to deliver trustless asset management in a user-friendly way.
“TradFi Expertise Meets DeFi”: A Look at the Founders’ Vision
Affluent’s co-founder Hyung Lee, known for his background in traditional options trading, contributed to the app’s design by blending risk-management tools from TradFi with blockchain automation. The result is a hybrid system where smart contracts handle execution while institutions guide performance and oversight.
According to Lee, the app introduces a modular approach to asset management. Users can earn interest by depositing funds in a single tap, with the underlying structure combining TradFi safeguards and DeFi scalability. This model positions Affluent as a next-generation financial tool aiming to serve both retail and institutional users.
Related: Telegram Raises $1.5B in Bond Sale Despite CEO’s Legal Challenges
Affluent also addresses key DeFi risks. Hyun confirmed the platform uses isolated lending pools, which localize potential bad debt events to individual pools, protecting the broader protocol. Affluent’s launch arrives during heightened interest in Toncoin (TON), which recently surpassed $1.5 billion in daily trading volume.
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