“They [developers] can focus on their product and how to create the user experience, while having a reliable way to do transfers, swaps, and earning yield,” Gosselin said.
“They don’t necessarily know how to be able to execute reliability on-chain, and the last thing they want to do is start to expose a lot of that complexity to their users,” Gosselin said.
OneBalance will charge a fee for each transaction processed by a platform that integrates the toolkit, Gosselin said. “We want to make money when our customers make money,” he added. “If our customers decide to monetize and to do this with us, then we will keep a small fee on top of that.”
Gosselin says his company will use the money raised in this round to expand the capabilities of its flagship product by integrating functionality for additional blockchains.