Dezy is a financial technology startup based in Singapore that aims to provide higher returns on savings by leveraging decentralized finance (DeFi) protocols. The company primarily serves individual investors looking to earn better returns than traditional fixed deposit rates. Dezy operates in the financial services market, specifically within the niche of DeFi, which involves using blockchain technology to offer financial services without traditional intermediaries like banks.

The business model of Dezy is straightforward yet innovative. Users deposit their Singapore Dollars (SGD) into the platform, which are then converted into stablecoins—a type of cryptocurrency designed to have a stable value. These stablecoins are staked, or invested, in high-yield DeFi protocols. The returns generated from these investments are then passed back to the users. Dezy offers an attractive interest rate of up to 5.65% per year, with no fees, no lock-in periods, and insurance coverage to mitigate risks.

Dezy makes money by taking a small percentage of the returns generated from the DeFi investments. This allows them to offer competitive rates to their users while sustaining their operations. The company emphasizes transparency and user education, providing information to help users make informed decisions. They also focus on inclusivity and social responsibility, as evidenced by their Dezy Cares initiative, which includes charitable donations.

The platform is designed to be user-friendly, with quick setup processes, fast Know Your Customer (KYC) verification, and seamless deposits. Dezy also offers mobile apps for both Android and iOS, ensuring accessibility and convenience for its users.

In summary, Dezy is redefining the financial landscape by offering a frictionless, high-yield savings solution that leverages the power of decentralized finance.

Keywords: DeFi, stablecoins, high-yield, savings, Singapore, financial technology, insurance, no fees, mobile app, user-friendly.