Say hello to secure on-chain finance
Welcome to the official documentation for Haven1, an EVM-compatible blockchain that addresses the trifecta of challenges facing Web3.
Haven1's mission is to grow an inclusive digital financial ecosystem that drives retail and institutional adoption of Web3 through enhanced security frameworks and network guardrails.

Haven1: The next generation of on-chain finance

DeFi, in its current state, is under intense scrutiny from regulators. Without a reliable way to verify identities, there’s a greater risk of fraud and malicious activities. It also slows down the industry’s development as it doesn’t comply with constantly-evolving regulatory standards.
Haven1, a Layer 1 blockchain incubated by Yield App, addresses these headwinds and paves the way for the next generation of secure financial products on DeFi.
With Haven1, secure on-chain finance is finally within our sights. Its provable identity framework allows for greater trust and accountability in the DeFi ecosystem, which is exactly what the current DeFi industry is missing.
Set to launch in Q2 2024, Haven1 is open to anyone who wants to join the revolution.

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Secure on-chain finance is finally here

What is Haven1?

Haven1 is a purpose-built Layer 1 blockchain incubated by Yield App, designed with security and scalability in mind. It combines recourse mechanisms and security guardrails from traditional finance, along with the unique features of the DeFi world, which unlocks previously unattainable use cases.
Haven1 utilizes an environmentally friendly Proof of Authority (PoA) consensus mechanism to enable network-level risk controls and user verification without sacrificing privacy.

The Haven1 vision

Haven1 is committed to providing a secure and user-friendly on-chain finance platform that meets the needs of both retail and institutional investors. By addressing the core challenges of the blockchain industry, Haven1 seeks to pave the way for the next generation of digital finance.
Our provable identity framework facilitates innovative use cases that have not been possible in the DeFi space until now.
For example, it enables the creation of decentralized credit scores, which could improve financial inclusion for underserved communities and pave the way for a new generation of on-chain lending markets.
It also opens up new investment opportunities in tokenized real world assets where proof of identity is required. This could include the use of non-fungible tokens (NFTs) to represent property ownership, among other applications.
We also envisage Haven1 facilitating a more efficient global exchange and settlement of traditional assets, such as securities and bonds, through tokenization. The implications of this multi-trillion dollar market integrating blockchain technology will be significant.
Haven1 is perfectly positioned at the forefront of the digital finance revolution, creating an accessible and secure platform utilizing blockchain technology. This approach is seen as essential for the mainstream adoption of Web3.
By emphasizing standardization and security, Haven1 aims to establish a more inclusive and accessible blockchain network for all users, regardless of their technical background. This commitment positions Haven1 as a catalyst for the next generation of digital finance, making it open and approachable for a wide range of users.

Complementary to Ethereum

Haven1 is designed to complement Ethereum with a clear long-term objective: to transition from a side chain, directly into a rollup - that utilizes Ethereum as a global settlement layer.
At present, Layer 2 solutions, such as optimistic rollups and zk knowledge proofs, remain untested technologies that pose potential uncertainties and require further development to address. The timing of Haven1's transition to a Layer 2 infrastructure will be guided by the advancement refinement of rollup technologies.

What does Haven1 solve?

There's currently a disconnect between the worlds of traditional and decentralized finance. In its current state, DeFi simply isn't built for mass adoption, mainly due to its vulnerability to fraud and the potential for users to lose funds. This disconnect highlights the need for stronger security measures and more robust user protection to build trust and facilitate broader acceptance of DeFi.

Challenges facing blockchain

Haven1 aims to propel DeFi into the mainstream by addressing three key challenges. This will pave the way for the next generation of secure, decentralized financial products.

Haven1's use cases

Unlocking on-chain innovations
Haven1's provable identity framework facilitates unique use cases that weren't previously possible in DeFi. This includes:

1. 1.Lending markets with real-world credit scores as reputation backstops, e.g. traditional mortgages.
2. 2.Integration with real-world assets that require proof of identity, e.g. investment vehicles backed by real estate assets.
3. 3.Efficient global exchange and settlement of tokenized digital assets, such as securities and bonds.

Core protocols

Revolutionizing Web3 Infrastructure
Haven1 introduces a cocept where the core protocols are owned by the network, addressing key challenges in the Web3 space and enhancing the utility of its native H1 token. All the essential essential pillars of DeFi infrastructure - the AMM, Lending & Borrowing protocol, and the Derivatives platform, are owend by the Haven1 network.

Addressing Liquidity Fragmentation

Liquidity fragmentation is a significant barrier in Web3, restricting trading opportunities and efficient arbitrage for both traders and retail users.
Haven1's innovative approach consolidates liquidity, facilitating deeper and more efficient markets. This strategy not only enhances trading experiences but also bolsters the intrinsic value of the H1 token.

Introducing Haven1’s Core Protocols

Haven1's three core protocols are designed to form the backbone of a more integrated on-chain infrastructure:

Automated market maker

Borrowing and lending market

Derivatives platform

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In combination with the provable identity framework, these protocols enable real-world use cases that are currently not possible in the anonymous and unregulated world of DeFi.

Benefits of Network Ownership

Advantages of Haven1 owning Key Infrastructure:

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• Reduction in Liquidity Fragmentation: Creates a unified, deep market, enhancing the trading experience.
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• Value Enhancement of H1 Token: All fees, revenues, and governance rights from these products directly benefit H1 token holders, elevating the token's value proposition.

The H1 token

The H1 token is central to the Haven1 ecosystem, with multiple roles enhancing its value and utility:

​Application Fee share from Core Protocols

Fees generated from the use of Haven1's core applications contribute to the token's value, benefiting holders.

Governance

H1 token holders play a pivotal role in shaping Haven1's protocol, with governance mechanisms that include voting for protocol updates, distributing incentives through the Governance Fund, building grants, and participating in project management decisions.

Validator, Developer, and Community Incentives

H1 tokens are used to incentivize various stakeholders in the network, including validators, developers, and community members, aligning their interests with the growth of the Haven1 ecosystem.

Revenue Share from Third-Party Applications

A portion of the revenue generated by third-party applications on the network is distributed to H1 token holders, creating a direct financial incentive.