NEOPIN: The encryption creation of South Korean gaming giant, exploring the optimal integration of Decentralized Finance and CeFi.

NEOPIN is a "licensed DeFi protocol" under the South Korean gaming giant Neowiz, dedicated to building a bridge between traditional finance and DeFi protocols for users within a compliant framework. The project has the following outstanding features:

1. NEOPIN has been selected for the Abu Dhabi Investment Office's innovation program and is collaborating with local government agencies to develop a DeFi regulatory framework, becoming one of the few DeFi service providers to receive regulatory approval.

2. As the only DeFi protocol that supports both Klaytn and Finschia networks, NEOPIN will benefit significantly from the merger events of these two major public chains and is expected to become a model of "blockchain merger" concept in Decentralized Finance.

3. NEOPIN offers RWA-based Decentralized Finance products, entering the RWA market with a compliance framework, and is expected to share in the rapid growth dividends of this market.

4. Through comparative analysis valuation, it is expected that the price of $NPT tokens may reach between 3.10 and 8.39 USD by the end of the first quarter of 2025, representing significant upside potential compared to the current price.

5. Leveraging the background of giants, compliant operations of Decentralized Finance, and benefiting from the historic opportunity of the merger of two major public chains, NEOPIN is expected to gain more community trust in the upcoming wave of blockchain mergers. As a highly inclusive Decentralized Finance protocol, NEOPIN's efforts to bring real-world assets onto the chain are also more likely to gain user recognition, with the opportunity to attract the loyalty of a large number of web2 and web3 users.

Core Advantages of NEOPIN

1. Blockchain Merger Beneficiaries

On February 15 this year, the Klaytn public chain and the Finschia public chain announced their merger, aiming to create the largest Web3 ecosystem in Asia, Project Dragon, covering over 250 million Asian wallet users. Both public chains have strong backgrounds: Klaytn is developed by Ground X, a subsidiary of the South Korean internet giant Kakao, while Finschia is developed by Line Tech Plus, a subsidiary of the Japanese internet giant Line.

This merger is significant for NEOPIN, as it is the only DeFi protocol and governance committee member that supports both the Klaytn and Finschia networks. NEOPIN has made extensive preparations for this merger, such as launching the first cross-chain bridge between Klaytn and Finschia, which supports bidirectional cross-chain operations.

In this complex merger process, NEOPIN, as the only DeFi protocol that simultaneously supports two networks, has the potential for each new feature to become an important example for DeFi protocols in responding to blockchain mergers. If NEOPIN performs well in this merger, it will have the opportunity to play a greater role in more blockchain mergers in the future.

2. Actively Embrace Regulation

In recent years, with the continuous expansion of the encryption market, regulatory agencies in various countries have strengthened their oversight of web3 projects. NEOPIN, as the first protocol to propose "permissioned Decentralized Finance," has chosen to proactively embrace regulation, demonstrating foresight.

Collaborating with regulatory agencies early in the project is beneficial for building a cryptocurrency usage platform that meets regulatory requirements while fully leveraging the advantages of Decentralized Finance and CeFi. NEOPIN collaborates with the UAE government to develop a DeFi regulatory framework and promotes services based on that framework globally, which will give it a competitive edge.

Before using the NEOPIN service, users need to undergo KYC verification, a step that helps prevent illegal funds from flowing into Decentralized Finance protocols, providing users with a safer environment.

3. Entering the RWA market

On March 28, NEOPIN officially announced the launch of a DeFi product based on RWA, entering the RWA market. The RWA (Real World Assets) market is an important link between the on-chain world and the off-chain world, growing rapidly in recent years and regarded as a golden track with highly certain growth.

The NEOPIN BDLP launched by NEOPIN is a multi-yield liquidity mining protocol based on RWA, allowing users to deposit DAI, USDT, or USDC, while NEOPIN uses sDAI and USDe to provide users with generous returns (currently the annualized yield ranges from 13% to 30%).

In order to provide each user with the best asset management solution, NEOPIN has also developed a proprietary AI algorithm that helps users determine how to allocate the ratios between different assets based on their preferences and on-chain data, thus enabling efficient investment in complex Decentralized Finance derivatives.

Valuation Analysis

Through comparative analysis, we valued NEOPIN's DEX, Staking, Bridge, and RWA businesses, and conducted an overall valuation of the project with weightings of 40%, 30%, 20%, and 10%.

The final valuation results show that by the end of 2024, the market value of NEOPIN is expected to be between $268 million and $727 million, with the price range of $NPT being between $3.10 and $8.39.

Conclusion

NEOPIN, as a DeFi protocol backed by a Korean gaming giant, actively embracing regulation, and benefiting from blockchain mergers, shows great potential for development. It is not only expected to gain more community trust in the upcoming wave of blockchain mergers but may also become an important bridge connecting the web2 and web3 worlds. With its layout in the RWA field and compliant operations, NEOPIN has the opportunity to attract a large number of users and establish high user loyalty.