Organization Name – Wefi
Category – 
Banking & DeFi
About
WeFi, established in 2021 and headquartered in Dubai, United Arab Emirates, presents itself as a decentralized finance (DeFi) platform aiming to revolutionize the financial landscape by offering innov…ative solutions in lending and borrowing. The organization claims to provide an omnichain leverage engine that facilitates undercollateralized borrowing and lending within the DeFi space, thereby addressing traditional financial challenges and enhancing accessibility for a broader audience.
In its early stages, the project was known as Paxo Finance. However, in August 2022, the team announced a rebranding to WeFi. This strategic move was intended to align the company’s identity more closely with its mission and the evolving DeFi ecosystem. The rebranding was accompanied by preparations for the launch of their inaugural product, signaling a significant milestone in their development journey.
Central to WeFi’s offerings is its decentralized leverage engine, which purportedly enables users to engage in undercollateralized borrowing and lending. This approach contrasts with conventional DeFi protocols that typically require overcollateralization, thus potentially lowering entry barriers for users and promoting greater financial inclusivity. By facilitating access to capital without the need for excessive collateral, WeFi aims to empower individuals and entities to participate more actively in the DeFi ecosystem.
In February 2025, WeFi introduced Deobank, which they describe as the world’s first decentralized on-chain bank. This initiative seeks to bridge the gap between traditional finance and DeFi by offering banking services through non-custodial wallets. The platform leverages artificial intelligence-assisted compliance procedures to ensure security and regulatory adherence. By integrating traditional banking functionalities with decentralized technologies, Deobank aspires to provide transparent, secure, and efficient financial services, potentially transforming how users interact with banking systems.
WeFi’s commitment to innovation is further exemplified by its integration with the XDC Network. This collaboration aims to enhance the platform’s capabilities by enabling swift, affordable, and simplified leveraged trading. The integration with XDC Network is designed to improve transaction speeds and reduce costs, thereby offering users a more efficient trading experience. This move reflects WeFi’s dedication to continuously evolving and adapting to the dynamic DeFi landscape.
The platform’s native token, WEFI, operates across multiple blockchain ecosystems, including Binance Smart Chain (BNB), Arbitrum, Polygon, zkSync, and Linea. This multi-chain presence is intended to provide users with flexibility and accessibility, allowing them to engage with the platform across various networks. The WEFI token is available for trading on centralized exchanges such as MEXC and Bitrue, as well as decentralized exchanges like Uniswap, Quickswap, and SyncSwap. This wide availability aims to cater to a diverse user base and enhance the token’s liquidity.
WeFi emphasizes community engagement and transparency, maintaining an active presence on social media platforms and communication channels. The organization has a notable following on X (formerly Twitter), with over 40,000 followers as of October 2021. Additionally, their Telegram community comprises more than 11,000 members, fostering an environment for users to share insights, ask questions, and stay updated on the platform’s developments. This focus on community interaction underscores WeFi’s dedication to building a robust and informed user base.
The leadership team at WeFi includes key figures such as Nirmal Singh Rathore, serving as the Chief Marketing Officer, and Neeraj Bhatt, who holds the position of Head of Product Engineering and Solutions Architect. Their expertise and guidance are portrayed as instrumental in steering the company’s strategic direction and technological advancements. The team’s collective experience in technology and finance is leveraged to drive innovation and ensure the platform’s offerings align with user needs and industry standards.
In summary, WeFi positions itself as a pioneering force in the DeFi sector, striving to redefine traditional financial paradigms through its decentralized leverage engine and the introduction of Deobank. By focusing on undercollateralized lending, multi-chain integration, and community engagement, WeFi aims to make decentralized finance more accessible, efficient, and user-centric. While the company’s claims are ambitious, they reflect a broader trend within the DeFi industry to create more inclusive and versatile financial solutions. Read More
