Stakefair

Stakefair
0
Launched Year
0
Employees
Profile Completion 80%

Company Profile

2021
Founded
Market Segment
"1-10"
Employees
Funding Stage
No opening
Jobs
Not for sale
Acquisition
Not available
Merger

Geographical Market

Nigeria
Lagos, Nigeria

About

Stakefair is an ecosystem of blockchain, crypto, and Defi products. They build products with high interoperability, such as no-loss pools and staking contracts. Stakefair also serves as a gaming platform where users can predict the outcome of sports matches and other events, digital stake currency on these predictions, and earn money. Stakefair operates by investing staked funds in Defi lending pools. Stakes are converted into stablecoins, and when users gamble on events and lock it within a set timeframe, Stakefair then invests this USDT into Defi lending pools to yield interest. Users get their capital and some return on investment (ROI) when there's a positive outcome and only get their money if they lose. This method allows Stakefair to profit from the investments while allowing a no-loss staking system.

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Accelerating the growth of Africa's tech ecosystem