Skew aims to resolve the regulatory and security concerns prevalent in the DeFi sector by offering uncollateralized lending and noncustodial crypto services while strictly adhering to Swiss regulatory standards.

The innovative potential of uncollateralized lending and digital currency payment solutions is often overshadowed by regulatory uncertainties and security concerns in decentralized finance (DeFi). The space is marred by projects that operate outside of regulatory frameworks and offer incentives in proprietary tokens.

Raising questions about the sustainability and safety of emerging financial models, the lack of compliance with established financial regulations puts the sector in a challenging position. While innovative, rewarding participants with platform-native tokens also introduces volatility and risk for participants.

DeFi needs the introduction of solutions that aim to remove the stigma associated with the space by offering a registered, compliant alternative that prioritizes user security and regulatory adherence.

Enhancing trust in DeFi with Swiss regulatory compliance

Skew, a Swiss-based decentralized platform, bridges the gap with traditional financial systems and prioritizes regulatory compliance, security and stability. Powered by Skew Labs SA — a registered company in Switzerland — the platform aims to provide uncollateralized capital access to qualified borrowers and offer lenders attractive interest opportunities.

Skew is committed to meeting stringent regulations set forth by the Swiss Financial Market Supervisory Authority (FINMA). It has already invested significantly in partnering with specialized Swiss blockchain law firms and physically moved its offices to Switzerland to ensure full compliance with FINMA regulations.

The platform adds another layer of security with its noncustodial service offering, which comprises lending services and a crypto debit card. Users retain complete control over their private keys and assets in the noncustodial approach, reducing the risk of theft or mismanagement by third parties.

Skew aims to increase the adoption of DeFi technologies through regulatory adherence. Source: Skew

APR payments in USDT against stability

Skew addresses a common criticism of DeFi projects by paying out lending annual percentage rates (APR) in Tether on USDT lending. Skew’s approach —using stablecoin instead of a platform-native token for APR payments— mitigates the volatility associated with platform-native tokens, offering a more stable and familiar currency format that aligns with traditional financial expectations.

Composed of 12 individuals whose backgrounds span a diverse range of fields outside of crypto, Skew’s team brings experience to the project. The multidisciplinary team aims to address longstanding challenges in the DeFi industry through innovation, security and compliance.

Daniele Capasso, CEO of Skew, emphasized the ease-of-use Skew offers and expressed their anticipation of an increase in USDT holdings as more people lock in gains in a bull run, adding:

“We aim to be one of the first DeFi protocols in Switzerland to receive full regulation, which will increase the safety of our users and make using cryptocurrency in daily life easier. Our USDT lending service, which doesn't require collateral, will enable businesses with a good reputation to obtain loans, helping all involved grow DeFi the right way.”

Skew aims to launch within the next three months and is in the process of private and public funding rounds. Private sale participants are offered an 18% APR, paid in USDT.

The evolution of DeFi into a more secure and regulatory-compliant sector is crucial for its broader acceptance and integration into the global financial ecosystem. Projects like Skew that prioritize these aspects while delivering innovative financial solutions are poised to lead the way in bridging the gap between traditional finance and the digital economy.