A new cryptocurrency investment application built on Telegram has been launched, offering users simplified access to yield generation and crypto lending services. Named Affluent, the platform is developed on The Open Network (TON) and targets both newcomers and experienced users seeking passive income opportunities through decentralized finance (DeFi).
Founded by former TON Foundation executive Justin Hyun, Affluent aims to merge traditional financial security with decentralized innovation. The application allows users to deposit funds and start earning with a single click, all within the Telegram messaging environment.
How Affluent Works: Strategy Vaults and Automation
At the core of Affluent’s offering are its Strategy Vaults and Vault Manager System. These automated tools handle asset allocation and yield optimization on behalf of users.
By depositing assets into a vault, users enable smart contracts and expert managers to distribute funds across lending markets. This automated approach is designed to maximize returns while reducing the need for manual intervention or deep technical knowledge.
The system combines algorithmic execution with professional oversight. Vault managers monitor market conditions and adjust strategies in real time, prioritizing both performance and safety.
Bridging Traditional and Decentralized Finance
Affluent integrates elements from traditional finance (TradFi) and DeFi to create a user-friendly yet powerful product. Hyung Lee, co-founder and TradFi options trading expert, emphasized that the platform is built to offer the best of both worlds.
Users benefit from familiar banking-like security and the transparency of blockchain-based operations. This hybrid approach opens the door to more intuitive crypto investing without typical DeFi complexities.
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Security and Risk Management
The crypto lending sector is often associated with smart contract risks, volatile markets, and potential exploits. Affluent has taken several steps to mitigate these concerns.
The protocol has undergone a security audit by Trail of Bits, a well-known cybersecurity firm. Additionally, the platform uses isolated lending pools to contain potential losses, preventing systemic failures across the entire protocol.
Thanks to TON’s asynchronous architecture, flash loan attacks—a common threat in other DeFi ecosystems—are not feasible on Affluent. While user deposits are not currently insured, the team has indicated that insurance mechanisms may be introduced as the protocol grows.
Frequently Asked Questions
What is Affluent?
Affluent is a Telegram-based cryptocurrency investment application that allows users to earn yield and access lending services through automated vaults. It runs on The Open Network (TON) blockchain.
How do I start earning with Affluent?
After connecting your wallet via Telegram, you can deposit crypto into a Strategy Vault with one click. Your assets are automatically allocated across lending markets to generate returns.
Is Affluent safe to use?
The protocol has been audited by Trail of Bits and uses isolated lending pools to minimize risk. However, as with all DeFi applications, users are advised to understand the risks associated with crypto investments.
Can I withdraw my funds anytime?
Yes, users maintain control of their assets and can withdraw from vaults according to the terms of each strategy.
Do I need DeFi experience to use Affluent?
No. The platform is designed for users of all experience levels. The interface simplifies complex processes into intuitive actions.
What tokens are supported?
Affluent initially supports major cryptocurrencies on the TON blockchain. The team plans to add more assets based on user demand and market conditions.
Affluent represents a growing trend of social messaging platforms integrating financial services. By leveraging Telegram’s extensive user base and TON’s scalable infrastructure, the app aims to make crypto investing more accessible and efficient.
The development team brings together experience from both traditional finance and blockchain sectors, aiming to deliver a balanced product that emphasizes both innovation and safety. As the platform evolves, future updates may include additional vault strategies, cross-chain support, and enhanced user protection features.