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Dapp Spotlight: Hit your savings goals with HaloFi

14 avril 2023facebook-icontwitter-iconlinkedin-icon


  • 60% of adults need to be saving more - HaloFi helps you grow your wealth step-by-step with your crypto. 

  • Beginners and more experienced financial planners alike are overwhelmed by a host of savings tools across TradFi and DeFi: HaloFi simplifies your finances with custom-made challenges designed to help you meet your savings goals.

  • By adding incentives, HaloFi is making it fun and rewarding to save regularly and earn yield on your savings, all while learning about the benefits of DeFi. 

Disclaimer: The following article is for informational purposes only. It should not be taken as an endorsement, investment, tax, financial, or other advice. The HaloFi dapp is not built or maintained by Valora nor does Valora receive any payment or other form of compensation from HaloFi. This article simply aims to provide an explanation of how many people around the world are using the Valora wallet to access and explore decentralized applications like HaloFi. As with any Web3 solution, you alone assume the sole responsibility of evaluating the merits and risks associated with using any third-party decentralized application.

What is Halofi?

Hello, world…meet HaloFi: the easiest way to hit your savings goals with crypto.

HaloFi is working to solve the age-old problem of setting good financial habits that don’t feel boring and unattainable. By creating custom savings challenges, HaloFi aims to make it fun and rewarding to save toward your financial goals. And it seems to be working as 92% of the HaloFi community is hitting their savings goals, and together they’ve saved over 4 million in crypto savings through yield-earning, badges, and savings pools.

Launched as GoodGhosting in June 2021, HaloFi started with a simple goal of getting regular savers rewarded through a social saving pool - you need only to set the duration, amount, and frequency of your plan to start saving. Then, those goals are transferred to a DeFi protocol, allowing you to earn extra yield. Interest is then split among all profiles who have met savings challenges, at no loss for those who have yet to achieve their goal. Of course, to add an extra layer of fun, savers are continually incentivized with unique NFTs and badges as players hit their milestones.

From Zero to Halo Hero

The ultimate savings hack came from a Hackathon! The idea for HaloFi (then GoodGhosting) was initially conceived at the ETHLondon 2020 hackathon and revisited during the summer of 2020 as part of Gitcoin’s genesis KERNEL program. 

In Spring 2023, they rebranded from GoodGhosting to HaloFi and launched a new badging system and challenges to reward every step of your financial journey. Each HaloFi user now has their own “Halo Hero” avatar to keep you company and share your progress as you level up your savings. As you collect more “GG” points, your halo will change color to reflect your progress.


What makes HaloFi different?

There are so many exciting innovations and financial opportunities across DeFi, but with a plenitude of options, it is often difficult to know where to start. If you are a beginner or short on time, HaloFi provides exposure to protocols like Aave, Curve, Polygon, and Celo, with all the benefits of non-custodial DeFi wallets. 

HaloFi supports multiple stable assets, including:

  • DAI

  • USDC

  • USDT

  • cUSD

  • agEUR

  • cEUR

  • jEUR

What opportunity do you have with HaloFi?

HaloFi wants to build a community by enforcing good financial habits.

Not only does HaloFi make it easy to save, but it also has a negative carbon footprint.

HaloFi is committed to the responsible use of technology. When it comes to its environmental impact, HaloFi uses carbon-negative blockchains Celo and Polygon, which are known for their efficiency and sustainability.

How to Get Started with HaloFi

It only takes a few simple steps to set up your Valora wallet and get started.

On your mobile device

  1. Download Valora from the App or Google Play store.

  2. Create a new account with your name and choose a unique pin.

  3. Connect your account with your phone number.

  4. Back up your recovery phrase. This is important to make sure you can regain access to your funds if you lose or damage your phone.

  5. Visit the Valora dapps page from the top left drop-down menu.

  6. Tap HaloFi, Valora’s featured dapp, to get started.

On desktop

  1. Go to https://halofi.me/

  2. Select “Go to app” in the right-hand corner

  3. Select “Connect Wallet”

  4. Select “Valora” then scan the QR code with your Valora wallet

Save like a boss

When you download Valora, you are unlocking limitless financial opportunities, whether you are saving, spending, or growing your crypto. HaloFi is just one example of the many rewards for strong financial habits - and while saving across TradFi normally only offers long-term results, HaloFi adds a little color to every step of that process, making finances that much less daunting - call it the Halo effect. 

We have more exciting news coming your way! Follow @Valora and @halofi_me on Twitter to keep up with the latest updates.

14 avril 2023

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