Adding a new layer to DeFi security with Astra’s Decentralized Legal Network.
As more money flows into the DeFi space by the day, it has become increasingly important that safety and compliance are yet to meet the standards needed to keep the DeFi space safe.
We at Astra are working hard to help improve the security in DeFi, by equipping the space with our decentralized compliance layer. Our platform has multiple unique attributes, including our Astra Decentralized Legal Network (DLN), which contains regulatory experts from global legal and audit firms.
Our primary mission is to eliminate as many scams and criminals from the DeFi space as possible, one step at a time. The Astra Solution has proven itself as an effective tool to equip platforms with the compliance layer needed to make their space safer for all users.
Even though Rome wasn’t built in one day, we feel like the Astra Solution is making significant progress and pushing the DeFi space in a better direction. One of the big reasons for that is our all-in-one decentralized legal network.
The Astra Protocol.
In short, the Astra protocol is a complete package that will help users with their security in several aspects. Our legal network has four legs, making up an effective protective platform that provides regulatory compliance across many DeFi protocols.
The first section in our legal network is our know-your-customer (KYC) and vetting processes. These ensure that users on a platform are thoroughly verified and data validated. Our KYC and vetting also claim authentication, which means it’s possible to eliminate bots and people who aren’t who they say they are.
Astra Protocol also provides anti-money laundering (AML) processes, which the DeFi space heavily lacks. To avoid money laundering in crypto, the Astra legal network provides an anti-fraud system, accountability, and recourse if any suspected money laundering occurs.
If any disputes may arise among the Astra legal network users, our technology is good at solving them effectively. Through the network, we make sure to have a contractual pre-agreement that sets Astra as the dispute resolution platform. We also have legal jurisdiction assigned and help from major accredited law firms to solve any disputes optimally.
At last, the Astra DLN also includes a reporting system based on analytics and process feedback and always aims to improve procedures. The Astra legal network has all assets needed to stay safe in a decentralized world.
A Decentralized Legal Network can be the solution to make DeFi safer.
A legal network as thorough as Astra’s DLN is yet to be seen in the DeFi space, but that doesn’t make it any less critical.
As money keeps flowing into DeFi and it becomes a space that more people start to operate in financially, it’s essential to have the proper protection for users to stay safe. Right now, enormous amounts of money are flowing through DeFi, but there is no guarantee that the funds will remain safe without the proper legal network.
We believe that Astra’s DLN can be the next big step in the right direction for DeFi platforms to secure their users. There is always a safety net for users, as suspicious transactions on the network are flagged and eliminated.
The versatility of Astra’s DLN iis what provides DeFi platforms with the ultimate security, which is active right from the sign-up process of users. Anonymous scammers won’t be able to access the system, thanks to a comprehensive KYC process and built-in AML.
The Astra Decentralized Legal Network will be there from start to finish in DeFi transactions, ensuring the user’s security is the priority.
A Decentralized Compliance Layer for the Web3 Economy and Delivering the Compliant Blockchain for the future. 💪
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