SofaKing

Since you probably won't research the site, here is the tl;dr: BankFi started as a Cardano protocol in 2021. They call themselves the Bank of Cardano. The model is simple. Capital goes into yield producing assets. Revenue gets paid back to holders. There are three ways in. Units. You buy into one specific vertical. Each vertical runs as its own DAO and each unit is one vote. Unit price is fixed in USD based on the assets underneath. 100% of what you pay goes into buying more of those assets. Units vest 45 days, then earn and can be sold on their community market. Genesis NFTs. Each NFT carries a unit value and earns from a basket of assets instead of one vertical. $Bank is a governance token and earns a cut of all protocol rewards and is built to be deflationary. There are two types of verticals. 1. Core ones BankFi owns and runs. 2. Affiliate ones they host for partners, kept separate. The two I’d watch are BTC mining and World Mobile nodes. World Mobile is a telecom network built on owned hardware. 145,000+ nodes. 3M+ users a day. The nodes earn when people make calls and use data. That’s an RWA with a customer. Their latest numbers. 149,853 ADA generated. 126,164 ADA paid out. 23,020 ADA put back to work. About 84% to holders, the rest compounds. They also run a dev shop called Pillar. It has processed over 40M ADA across hundreds of token and NFT launches. If a project puts 50% or more of its raise into BankFi units, Pillar cuts its launch fees by up to 100%. Pillar only gets paid through protocol fees, so it wins when the project wins. The new piece is @VaultlingsNFT. It’s 2,965 NFTs on Robinhood Chain, minted this week with a 10% creator fee. 100% of those fees go into the BTC mining and node operations. Over $2M is already deployed across their verticals. The team is led by two brothers from the insurance industry, plus a CTO with 5+ years building on Cardano. From my experience thus far, they are a passionate team working hard to deliver sustainable value to their holders. They also invest heavily into their own project so they have skin in the game. Higher.